Teradata Corporation (NYSE:TDC) Shares Purchased by Oppenheimer Asset Management Inc.

Oppenheimer Asset Management Inc. raised its stake in Teradata Corporation (NYSE:TDC - Free Report) by 13.9% in the first quarter, according to the company in its most recent disclosure with the Securities & Exchange Commission. The firm owned 131,266 shares of the technology company's stock after acquiring an additional 16,047 shares during the period. Oppenheimer Asset Management Inc. owned 0.14% of Teradata worth $2,951,000 as of its most recent SEC filing.

A number of other hedge funds and other institutional investors also recently bought and sold shares of TDC. Sanctuary Advisors LLC lifted its holdings in shares of Teradata by 13.2% in the 4th quarter. Sanctuary Advisors LLC now owns 15,900 shares of the technology company's stock worth $515,000 after purchasing an additional 1,856 shares during the last quarter. Handelsbanken Fonder AB increased its position in Teradata by 16.7% in the fourth quarter. Handelsbanken Fonder AB now owns 25,104 shares of the technology company's stock worth $782,000 after buying an additional 3,600 shares during the period. Y Intercept Hong Kong Ltd bought a new stake in Teradata in the fourth quarter valued at $775,000. Bank of New York Mellon Corp lifted its stake in Teradata by 1.2% in the fourth quarter. Bank of New York Mellon Corp now owns 930,008 shares of the technology company's stock valued at $28,970,000 after buying an additional 10,747 shares during the last quarter. Finally, Amalgamated Bank boosted its holdings in shares of Teradata by 2.0% during the fourth quarter. Amalgamated Bank now owns 46,944 shares of the technology company's stock valued at $1,462,000 after acquiring an additional 911 shares during the period. 90.31% of the stock is currently owned by institutional investors and hedge funds.

Analysts Set New Price Targets

A number of analysts recently weighed in on the stock. Northland Securities cut shares of Teradata from an "outperform" rating to a "market perform" rating and set a $21.00 price objective on the stock. in a report on Wednesday, May 7th. Morgan Stanley upgraded shares of Teradata from an "equal weight" rating to an "overweight" rating and set a $26.00 price target on the stock in a research note on Tuesday, April 8th. Northland Capmk cut Teradata from a "strong-buy" rating to a "hold" rating in a report on Wednesday, May 7th. UBS Group upgraded Teradata from a "sell" rating to a "hold" rating and reduced their price objective for the stock from $26.00 to $24.00 in a research report on Friday, June 6th. Finally, Guggenheim decreased their price objective on Teradata from $37.00 to $35.00 and set a "buy" rating for the company in a report on Wednesday, May 7th. One analyst has rated the stock with a sell rating, six have assigned a hold rating and four have given a buy rating to the company. According to data from MarketBeat, Teradata presently has an average rating of "Hold" and an average price target of $27.25.

Teradata Price Performance

Shares of NYSE:TDC opened at $21.61 on Thursday. The stock has a market cap of $2.07 billion, a price-to-earnings ratio of 15.22, a PEG ratio of 6.53 and a beta of 0.83. The company has a debt-to-equity ratio of 3.11, a current ratio of 0.84 and a quick ratio of 0.82. Teradata Corporation has a 12 month low of $18.43 and a 12 month high of $35.60. The stock's 50 day moving average price is $21.95 and its 200 day moving average price is $25.34.

Teradata (NYSE:TDC - Get Free Report) last issued its quarterly earnings results on Tuesday, May 6th. The technology company reported $0.66 earnings per share (EPS) for the quarter, beating the consensus estimate of $0.57 by $0.09. The company had revenue of $418.00 million for the quarter, compared to analysts' expectations of $423.85 million. Teradata had a return on equity of 129.98% and a net margin of 8.10%. The firm's revenue for the quarter was down 10.1% on a year-over-year basis. During the same period last year, the firm earned $0.57 EPS. Equities research analysts anticipate that Teradata Corporation will post 1.31 earnings per share for the current fiscal year.

About Teradata

Teradata Corporation, together with its subsidiaries, provides a connected multi-cloud data platform for enterprise analytics. The company offers Teradata Vantage, an open and connected platform designed to leverage data across an enterprise. Its business consulting services include support services for organizations to establish a data and analytic vision, enable a multi-cloud ecosystem architecture, and identify and operationalize analytical opportunities, as well as to ensure the analytical infrastructure delivers value.

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