Teradata Co. (NYSE:TDC) Shares Purchased by Northern Trust Corp

Northern Trust Corp increased its holdings in shares of Teradata Co. (NYSE:TDC - Free Report) by 30.5% during the 4th quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission (SEC). The fund owned 1,101,181 shares of the technology company's stock after buying an additional 257,649 shares during the quarter. Northern Trust Corp owned 1.15% of Teradata worth $34,302,000 as of its most recent filing with the Securities and Exchange Commission (SEC).

Several other institutional investors and hedge funds have also recently added to or reduced their stakes in TDC. Norges Bank purchased a new position in shares of Teradata during the fourth quarter worth $36,315,000. Victory Capital Management Inc. boosted its stake in shares of Teradata by 742.5% in the fourth quarter. Victory Capital Management Inc. now owns 1,127,141 shares of the technology company's stock worth $35,110,000 after buying an additional 993,358 shares during the last quarter. Arrowstreet Capital Limited Partnership boosted its stake in shares of Teradata by 470.0% in the fourth quarter. Arrowstreet Capital Limited Partnership now owns 495,539 shares of the technology company's stock worth $15,436,000 after buying an additional 408,595 shares during the last quarter. LSV Asset Management boosted its stake in shares of Teradata by 98.0% in the fourth quarter. LSV Asset Management now owns 812,200 shares of the technology company's stock worth $25,300,000 after buying an additional 401,921 shares during the last quarter. Finally, Assenagon Asset Management S.A. boosted its stake in shares of Teradata by 73.0% during the 4th quarter. Assenagon Asset Management S.A. now owns 768,892 shares of the technology company's stock worth $23,951,000 after acquiring an additional 324,442 shares in the last quarter. 90.31% of the stock is currently owned by hedge funds and other institutional investors.

Wall Street Analyst Weigh In

TDC has been the topic of a number of recent analyst reports. Morgan Stanley upgraded Teradata from an "equal weight" rating to an "overweight" rating and set a $26.00 price target on the stock in a research report on Tuesday, April 8th. Northland Securities downgraded Teradata from an "outperform" rating to a "market perform" rating and set a $21.00 price target on the stock. in a research report on Wednesday, May 7th. Evercore ISI lowered their price target on Teradata from $37.00 to $32.00 and set an "outperform" rating on the stock in a research report on Wednesday, February 12th. Guggenheim lowered their price target on Teradata from $37.00 to $35.00 and set a "buy" rating on the stock in a research report on Wednesday, May 7th. Finally, StockNews.com downgraded Teradata from a "strong-buy" rating to a "buy" rating in a research report on Tuesday, April 8th. Two investment 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 MarketBeat, the stock currently has a consensus rating of "Hold" and a consensus price target of $27.50.

Teradata Trading Down 1.4%

Teradata stock traded down $0.32 during mid-day trading on Friday, hitting $22.80. The company's stock had a trading volume of 205,313 shares, compared to its average volume of 1,406,022. Teradata Co. has a 1 year low of $18.43 and a 1 year high of $35.60. The stock's fifty day moving average is $21.89 and its two-hundred day moving average is $27.09. The firm has a market capitalization of $2.18 billion, a PE ratio of 19.51, a price-to-earnings-growth ratio of 6.23 and a beta of 0.80. The company has a current ratio of 0.81, a quick ratio of 0.79 and a debt-to-equity ratio of 3.65.

Teradata (NYSE:TDC - Get Free Report) last released its quarterly earnings results on Tuesday, May 6th. The technology company reported $0.66 EPS for the quarter, topping the consensus estimate 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 during the quarter, compared to analyst estimates of $423.85 million. During the same period last year, the business posted $0.57 earnings per share. The company's quarterly revenue was down 10.1% on a year-over-year basis. On average, analysts anticipate that Teradata Co. will post 1.31 EPS for the current year.

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.