Victory Capital Management Inc. lessened its holdings in Teradata Corporation (NYSE:TDC - Free Report) by 87.4% during the first quarter, according to the company in its most recent filing with the Securities and Exchange Commission. The firm owned 142,448 shares of the technology company's stock after selling 984,693 shares during the period. Victory Capital Management Inc. owned about 0.15% of Teradata worth $3,202,000 as of its most recent SEC filing.
A number of other hedge funds have also made changes to their positions in TDC. Norges Bank purchased a new position in Teradata in the fourth quarter valued at about $36,315,000. SG Americas Securities LLC grew its stake in shares of Teradata by 1,220.2% in the first quarter. SG Americas Securities LLC now owns 45,019 shares of the technology company's stock valued at $1,012,000 after buying an additional 41,609 shares in the last quarter. Penserra Capital Management LLC grew its stake in shares of Teradata by 41.0% in the first quarter. Penserra Capital Management LLC now owns 502,048 shares of the technology company's stock valued at $11,286,000 after buying an additional 146,030 shares in the last quarter. Tidal Investments LLC purchased a new stake in shares of Teradata during the 4th quarter valued at about $631,000. Finally, Wedge Capital Management L L P NC lifted its position in Teradata by 29.3% during the 1st quarter. Wedge Capital Management L L P NC now owns 74,831 shares of the technology company's stock worth $1,682,000 after acquiring an additional 16,959 shares in the last quarter. Hedge funds and other institutional investors own 90.31% of the company's stock.
Teradata Price Performance
TDC opened at $22.03 on Monday. The company has a market capitalization of $2.11 billion, a P/E ratio of 15.52, a PEG ratio of 6.60 and a beta of 0.83. The company has a 50-day moving average of $22.09 and a 200-day moving average of $23.76. The company has a debt-to-equity ratio of 3.11, a quick ratio of 0.82 and a current ratio of 0.84. Teradata Corporation has a 1-year low of $18.43 and a 1-year high of $33.69.
Teradata (NYSE:TDC - Get Free Report) last announced its quarterly earnings data on Tuesday, May 6th. The technology company reported $0.66 earnings per share for the quarter, beating the consensus estimate of $0.57 by $0.09. Teradata had a return on equity of 129.98% and a net margin of 8.10%. The firm had revenue of $418.00 million during the quarter, compared to analyst estimates of $423.85 million. During the same period in the previous year, the company earned $0.57 earnings per share. Teradata's quarterly revenue was down 10.1% on a year-over-year basis. Equities analysts expect that Teradata Corporation will post 1.31 EPS for the current fiscal year.
Analysts Set New Price Targets
Several analysts have issued reports on the stock. Wall Street Zen raised shares of Teradata from a "hold" rating to a "buy" rating in a research report on Saturday, June 14th. UBS Group upgraded shares of Teradata from a "sell" rating to a "hold" rating and decreased their target price for the company from $26.00 to $24.00 in a research note on Friday, June 6th. Barclays lowered their price target on shares of Teradata from $25.00 to $22.00 and set an "underweight" rating for the company in a report on Monday, April 21st. Morgan Stanley upgraded shares of Teradata from an "equal weight" rating to an "overweight" rating and set a $26.00 price objective on the stock in a report on Tuesday, April 8th. Finally, Northland Capmk cut shares of Teradata from a "strong-buy" rating to a "hold" rating in a research report on Wednesday, May 7th. One analyst has rated the stock with a sell rating, six have issued a hold rating and four have given a buy rating to the company. Based on data from MarketBeat, the stock currently has an average rating of "Hold" and an average price target of $27.25.
View Our Latest Research Report on TDC
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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