Federated Hermes Inc. Boosts Position in Teradata Co. (NYSE:TDC)

Federated Hermes Inc. lifted its holdings in Teradata Co. (NYSE:TDC - Free Report) by 616.4% during the fourth quarter, according to the company in its most recent Form 13F filing with the Securities & Exchange Commission. The institutional investor owned 617,653 shares of the technology company's stock after purchasing an additional 531,440 shares during the quarter. Federated Hermes Inc. owned 0.63% of Teradata worth $26,874,000 as of its most recent SEC filing.

Several other large investors have also added to or reduced their stakes in TDC. Point72 Asset Management L.P. acquired a new position in shares of Teradata during the 4th quarter worth approximately $59,279,000. Norges Bank bought a new stake in Teradata during the fourth quarter worth $41,629,000. BlackRock Inc. lifted its stake in Teradata by 7.0% in the first quarter. BlackRock Inc. now owns 11,458,957 shares of the technology company's stock valued at $461,567,000 after acquiring an additional 748,428 shares during the last quarter. Vanguard Group Inc. grew its position in shares of Teradata by 4.4% in the 3rd quarter. Vanguard Group Inc. now owns 11,671,512 shares of the technology company's stock valued at $525,451,000 after acquiring an additional 496,702 shares during the period. Finally, Prudential Financial Inc. grew its position in shares of Teradata by 414.1% in the 1st quarter. Prudential Financial Inc. now owns 606,899 shares of the technology company's stock valued at $24,446,000 after acquiring an additional 488,838 shares during the period. Institutional investors and hedge funds own 90.31% of the company's stock.

Wall Street Analysts Forecast Growth

Several equities research analysts recently issued reports on TDC shares. Bank of America downgraded shares of Teradata from a "buy" rating to a "neutral" rating and cut their target price for the company from $58.00 to $48.00 in a research note on Tuesday, February 13th. Barclays reduced their target price on Teradata from $43.00 to $39.00 and set an "underweight" rating for the company in a research note on Monday, April 15th. Morgan Stanley cut Teradata from an "overweight" rating to an "equal weight" rating and dropped their price target for the company from $74.00 to $48.00 in a research note on Tuesday, February 13th. Citigroup lifted their price objective on shares of Teradata from $57.00 to $60.00 and gave the stock a "buy" rating in a research report on Monday, February 12th. Finally, JMP Securities reissued a "market outperform" rating and issued a $72.00 price objective on shares of Teradata in a research report on Tuesday, February 13th. One analyst has rated the stock with a sell rating, three have issued a hold rating and seven have given a buy rating to the stock. According to data from MarketBeat.com, Teradata has an average rating of "Moderate Buy" and an average price target of $56.90.

Teradata Stock Performance

Shares of TDC stock traded down $0.42 on Friday, hitting $36.33. The company's stock had a trading volume of 928,285 shares, compared to its average volume of 818,063. Teradata Co. has a fifty-two week low of $35.36 and a fifty-two week high of $57.73. The company has a market capitalization of $3.55 billion, a PE ratio of 59.56, a PEG ratio of 1.60 and a beta of 0.95. The stock's 50 day moving average is $38.10 and its 200-day moving average is $42.89. The company has a debt-to-equity ratio of 4.02, a quick ratio of 0.86 and a current ratio of 0.87.

Teradata (NYSE:TDC - Get Free Report) last announced its earnings results on Monday, February 12th. The technology company reported $0.56 EPS for the quarter, topping the consensus estimate of $0.51 by $0.05. The company had revenue of $457.00 million for the quarter, compared to analysts' expectations of $455.84 million. Teradata had a net margin of 3.38% and a return on equity of 58.25%. The business's revenue for the quarter was up 1.1% on a year-over-year basis. During the same period last year, the firm earned $0.05 earnings per share. Equities research analysts expect that Teradata Co. will post 1.27 earnings per share for the current fiscal year.

Insider Activity

In related news, insider Hillary Ashton sold 9,743 shares of the firm's stock in a transaction on Friday, March 1st. The stock was sold at an average price of $37.45, for a total value of $364,875.35. Following the transaction, the insider now owns 156,704 shares in the company, valued at $5,868,564.80. The sale was disclosed in a document filed with the Securities & Exchange Commission, which can be accessed through the SEC website. In other Teradata news, CEO Stephen Mcmillan sold 40,597 shares of the firm's stock in a transaction on Thursday, February 22nd. The stock was sold at an average price of $38.22, for a total value of $1,551,617.34. Following the sale, the chief executive officer now owns 528,302 shares of the company's stock, valued at approximately $20,191,702.44. The sale was disclosed in a document filed with the SEC, which is available at the SEC website. Also, insider Hillary Ashton sold 9,743 shares of the business's stock in a transaction on Friday, March 1st. The stock was sold at an average price of $37.45, for a total value of $364,875.35. Following the transaction, the insider now directly owns 156,704 shares of the company's stock, valued at approximately $5,868,564.80. The disclosure for this sale can be found here. In the last three months, insiders sold 76,615 shares of company stock worth $2,903,644. 0.92% of the stock is currently owned by company insiders.

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.