Northern Trust Corp Grows Stock Holdings in Teradata Co. (NYSE:TDC)

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

Several other hedge funds also recently added to or reduced their stakes in TDC. Barclays PLC grew its stake in shares of Teradata by 49.2% during the 3rd quarter. Barclays PLC now owns 169,687 shares of the technology company's stock worth $5,150,000 after purchasing an additional 55,979 shares during the period. Franklin Resources Inc. grew its position in Teradata by 21.4% during the third quarter. Franklin Resources Inc. now owns 127,029 shares of the technology company's stock valued at $4,029,000 after buying an additional 22,359 shares during the period. JPMorgan Chase & Co. increased its holdings in Teradata by 6.3% in the third quarter. JPMorgan Chase & Co. now owns 557,521 shares of the technology company's stock valued at $16,915,000 after buying an additional 32,940 shares in the last quarter. GAMMA Investing LLC raised its position in shares of Teradata by 91.5% in the fourth quarter. GAMMA Investing LLC now owns 1,829 shares of the technology company's stock worth $57,000 after acquiring an additional 874 shares during the period. Finally, Wealth Enhancement Advisory Services LLC boosted its stake in shares of Teradata by 2.3% during the 4th quarter. Wealth Enhancement Advisory Services LLC now owns 20,383 shares of the technology company's stock worth $618,000 after acquiring an additional 455 shares in the last quarter. 90.31% of the stock is owned by hedge funds and other institutional investors.

Analyst Upgrades and Downgrades

A number of equities analysts recently weighed in on the company. Royal Bank of Canada reduced their price target on Teradata from $32.00 to $29.00 and set a "sector perform" rating for the company in a report on Wednesday, February 12th. Morgan Stanley raised shares of Teradata from an "equal weight" rating to an "overweight" rating and set a $26.00 price target on the stock in a research note on Tuesday, April 8th. Evercore ISI reduced their price objective on shares of Teradata from $37.00 to $32.00 and set an "outperform" rating for the company in a research report on Wednesday, February 12th. Northland Capmk lowered shares of Teradata from a "strong-buy" rating to a "hold" rating in a research report on Wednesday. Finally, Guggenheim decreased their price target on shares of Teradata from $37.00 to $35.00 and set a "buy" rating on the stock in a research note on Wednesday. Two research analysts have rated the stock with a sell rating, five have assigned a hold rating and four have assigned a buy rating to the company. According to MarketBeat.com, the company has a consensus rating of "Hold" and a consensus target price of $27.50.

Teradata Stock Down 0.8 %

TDC stock opened at $22.47 on Friday. The company has a market cap of $2.15 billion, a price-to-earnings ratio of 19.21, a PEG ratio of 6.23 and a beta of 0.80. The firm has a 50-day moving average of $21.85 and a two-hundred day moving average of $27.29. Teradata Co. has a 12 month low of $18.43 and a 12 month high of $35.60. 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 announced its quarterly earnings data on Tuesday, May 6th. The technology company reported $0.66 EPS for the quarter, topping analysts' consensus estimates of $0.57 by $0.09. The firm had revenue of $418.00 million for the quarter, compared to the consensus estimate of $423.85 million. Teradata had a return on equity of 149.16% and a net margin of 6.51%. The firm's revenue was down 10.1% compared to the same quarter last year. During the same quarter last year, the business posted $0.57 earnings per share. As a group, analysts forecast that Teradata Co. will post 1.31 earnings per share for the current fiscal year.

Teradata Company 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.

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