Tidal Investments LLC bought a new position in shares of Teradata Co. (NYSE:TDC - Free Report) in the 4th quarter, according to its most recent filing with the Securities and Exchange Commission (SEC). The firm bought 20,247 shares of the technology company's stock, valued at approximately $631,000.
Other institutional investors and hedge funds have also made changes to their positions in the company. Independence Bank of Kentucky bought a new stake in shares of Teradata during the fourth quarter worth $37,000. Aster Capital Management DIFC Ltd raised its holdings in shares of Teradata by 53.0% in the fourth quarter. Aster Capital Management DIFC Ltd now owns 1,567 shares of the technology company's stock valued at $49,000 after acquiring an additional 543 shares in the last quarter. Venturi Wealth Management LLC raised its holdings in shares of Teradata by 20.9% in the fourth quarter. Venturi Wealth Management LLC now owns 2,109 shares of the technology company's stock valued at $66,000 after acquiring an additional 365 shares in the last quarter. Raiffeisen Bank International AG bought a new stake in shares of Teradata in the fourth quarter valued at about $117,000. Finally, New Vernon Capital Holdings II LLC bought a new stake in shares of Teradata in the fourth quarter valued at about $133,000. 90.31% of the stock is currently owned by institutional investors.
Wall Street Analyst Weigh In
Several analysts recently weighed in on TDC shares. Wall Street Zen downgraded Teradata from a "strong-buy" rating to a "buy" rating in a report on Tuesday, April 8th. Morgan Stanley upgraded Teradata from an "equal weight" rating to an "overweight" rating and set a $26.00 price objective for the company in a report on Tuesday, April 8th. 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. Northland Capmk downgraded Teradata from a "strong-buy" rating to a "hold" rating in a report on Wednesday, May 7th. Finally, Northland Securities downgraded Teradata from an "outperform" rating to a "market perform" rating and set a $21.00 price objective for the company. in a report on Wednesday, May 7th. Two research analysts have rated the stock with a sell rating, five have issued a hold rating and four have given a buy rating to the company. According to data from MarketBeat.com, the company presently has a consensus rating of "Hold" and an average price target of $27.50.
Check Out Our Latest Analysis on Teradata
Teradata Stock Up 0.7%
Teradata stock traded up $0.15 during trading hours on Friday, reaching $21.96. The stock had a trading volume of 1,743,185 shares, compared to its average volume of 1,040,171. The company has a market cap of $2.10 billion, a price-to-earnings ratio of 18.77, a PEG ratio of 6.23 and a beta of 0.80. The company has a debt-to-equity ratio of 3.65, a current ratio of 0.81 and a quick ratio of 0.79. The business's 50 day moving average price is $21.67 and its 200-day moving average price is $26.42. Teradata Co. has a 52 week low of $18.43 and a 52 week high of $35.60.
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 for the quarter, topping analysts' consensus estimates of $0.57 by $0.09. Teradata had a return on equity of 149.16% and a net margin of 6.51%. The business had revenue of $418.00 million for the quarter, compared to analyst estimates of $423.85 million. During the same quarter in the previous year, the firm earned $0.57 earnings per share. The company's revenue was down 10.1% on a year-over-year basis. Sell-side analysts anticipate that Teradata Co. will post 1.31 EPS for the current year.
Teradata Company Profile
(
Free Report)
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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