Oppenheimer Asset Management Inc. Raises Stake in Teradata Corporation (NYSE:TDC)

Oppenheimer Asset Management Inc. increased its holdings in Teradata Corporation (NYSE:TDC - Free Report) by 13.9% during the 1st quarter, according to its most recent 13F filing with the Securities & Exchange Commission. The institutional investor owned 131,266 shares of the technology company's stock after buying an additional 16,047 shares during the period. Oppenheimer Asset Management Inc. owned about 0.14% of Teradata worth $2,951,000 as of its most recent SEC filing.

Several other institutional investors and hedge funds have also made changes to their positions in TDC. Sanctuary Advisors LLC boosted its position 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 buying an additional 1,856 shares in the last quarter. Handelsbanken Fonder AB raised its stake in Teradata by 16.7% in the 4th quarter. Handelsbanken Fonder AB now owns 25,104 shares of the technology company's stock valued at $782,000 after purchasing an additional 3,600 shares during the last quarter. Y Intercept Hong Kong Ltd acquired a new position in Teradata in the 4th quarter valued at about $775,000. Bank of New York Mellon Corp raised its stake in Teradata by 1.2% in the 4th quarter. Bank of New York Mellon Corp now owns 930,008 shares of the technology company's stock valued at $28,970,000 after purchasing an additional 10,747 shares during the last quarter. Finally, Amalgamated Bank raised its stake in Teradata by 2.0% in the 4th quarter. Amalgamated Bank now owns 46,944 shares of the technology company's stock valued at $1,462,000 after purchasing an additional 911 shares during the last quarter. 90.31% of the stock is currently owned by hedge funds and other institutional investors.

Teradata Trading Up 1.0%

Shares of NYSE TDC traded up $0.22 on Friday, reaching $21.95. 3,200,947 shares of the company traded hands, compared to its average volume of 1,068,187. Teradata Corporation has a fifty-two week low of $18.43 and a fifty-two week high of $35.60. The company has a 50 day moving average of $22.01 and a 200 day moving average of $25.09. The company has a current ratio of 0.84, a quick ratio of 0.82 and a debt-to-equity ratio of 3.11. The stock has a market capitalization of $2.10 billion, a PE ratio of 15.46, a P/E/G ratio of 6.56 and a beta of 0.83.

Teradata (NYSE:TDC - Get Free Report) last posted its quarterly earnings data on Tuesday, May 6th. The technology company reported $0.66 EPS for the quarter, beating analysts' consensus estimates of $0.57 by $0.09. Teradata had a net margin of 8.10% and a return on equity of 129.98%. The company had revenue of $418.00 million during the quarter, compared to the consensus estimate of $423.85 million. During the same quarter in the prior year, the company posted $0.57 EPS. The company's quarterly revenue was down 10.1% compared to the same quarter last year. On average, equities research analysts forecast that Teradata Corporation will post 1.31 earnings per share for the current fiscal year.

Analyst Ratings Changes

Several research analysts recently weighed in on TDC shares. Guggenheim cut their target price on shares of Teradata from $37.00 to $35.00 and set a "buy" rating for the company in a research note on Wednesday, May 7th. Morgan Stanley raised shares of Teradata from an "equal weight" rating to an "overweight" rating and set a $26.00 target price for the company in a research note on Tuesday, April 8th. UBS Group raised shares of Teradata from a "sell" rating to a "hold" rating and cut their target price for the company from $26.00 to $24.00 in a research note on Friday, June 6th. Barclays cut their target price on shares of Teradata from $25.00 to $22.00 and set an "underweight" rating for the company in a research note on Monday, April 21st. Finally, Wall Street Zen raised shares of Teradata from a "hold" rating to a "buy" rating in a research note on Saturday, June 14th. 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 stock. According to MarketBeat, the company currently has an average rating of "Hold" and a consensus target price of $27.25.

Teradata Profile

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.