Wedge Capital Management L L P NC Raises Holdings in Teradata Co. (NYSE:TDC)

Wedge Capital Management L L P NC increased its holdings in Teradata Co. (NYSE:TDC - Free Report) by 29.3% in the 1st quarter, according to the company in its most recent filing with the Securities and Exchange Commission (SEC). The institutional investor owned 74,831 shares of the technology company's stock after acquiring an additional 16,959 shares during the quarter. Wedge Capital Management L L P NC owned about 0.08% of Teradata worth $1,682,000 as of its most recent filing with the Securities and Exchange Commission (SEC).

Other institutional investors and hedge funds have also made changes to their positions in the company. UMB Bank n.a. grew its holdings in shares of Teradata by 153.1% in the first quarter. UMB Bank n.a. now owns 1,906 shares of the technology company's stock worth $43,000 after acquiring an additional 1,153 shares during the period. Aster Capital Management DIFC Ltd lifted its holdings in Teradata by 53.0% during the fourth quarter. Aster Capital Management DIFC Ltd now owns 1,567 shares of the technology company's stock valued at $49,000 after purchasing an additional 543 shares in the last quarter. Venturi Wealth Management LLC boosted its position 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 worth $66,000 after purchasing an additional 365 shares during the period. Raiffeisen Bank International AG purchased a new stake in shares of Teradata in the fourth quarter worth $117,000. Finally, New Vernon Capital Holdings II LLC bought a new position in shares of Teradata in the fourth quarter worth about $133,000. Institutional investors own 90.31% of the company's stock.

Analysts Set New Price Targets

Several analysts have recently issued reports on TDC shares. Evercore ISI decreased their price objective on Teradata from $37.00 to $32.00 and set an "outperform" rating on the stock in a report on Wednesday, February 12th. Guggenheim reduced their target price on shares of Teradata from $37.00 to $35.00 and set a "buy" rating for the company in a report on Wednesday, May 7th. Morgan Stanley raised Teradata from an "equal weight" rating to an "overweight" rating and set a $26.00 price target for the company in a research report on Tuesday, April 8th. UBS Group raised shares of Teradata from a "sell" rating to a "hold" rating and dropped their price objective for the stock from $26.00 to $24.00 in a research note on Friday, June 6th. Finally, JMP Securities reissued a "market perform" rating on shares of Teradata in a research note on Thursday, February 13th. One analyst has rated the stock with a sell rating, six have given a hold rating and four have given a buy rating to the company's stock. According to MarketBeat, the stock has a consensus rating of "Hold" and an average target price of $27.25.

Teradata Trading Up 0.1%

Shares of TDC traded up $0.03 during midday trading on Thursday, hitting $22.22. 170,737 shares of the stock were exchanged, compared to its average volume of 1,039,364. The company has a debt-to-equity ratio of 3.65, a quick ratio of 0.79 and a current ratio of 0.81. The firm has a market cap of $2.12 billion, a P/E ratio of 18.99, a P/E/G ratio of 6.23 and a beta of 0.83. The stock has a fifty day simple moving average of $21.66 and a 200 day simple moving average of $26.01. 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 released its earnings results on Tuesday, May 6th. The technology company reported $0.66 earnings per share (EPS) for the quarter, beating analysts' consensus estimates of $0.57 by $0.09. The firm had revenue of $418.00 million during the quarter, compared to analyst estimates of $423.85 million. Teradata had a return on equity of 149.16% and a net margin of 6.51%. Teradata's revenue was down 10.1% compared to the same quarter last year. During the same period last year, the business posted $0.57 earnings per share. On average, research analysts anticipate that Teradata Co. will post 1.31 EPS 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.