Quantedge Capital Pte Ltd Purchases New Position in Teradata Co. (NYSE:TDC)

Quantedge Capital Pte Ltd acquired a new position in Teradata Co. (NYSE:TDC - Free Report) during the fourth quarter, according to the company in its most recent filing with the Securities & Exchange Commission. The firm acquired 88,100 shares of the technology company's stock, valued at approximately $2,744,000. Quantedge Capital Pte Ltd owned approximately 0.09% of Teradata as of its most recent filing with the Securities & Exchange Commission.

A number of other institutional investors and hedge funds also recently made changes to their positions in TDC. Ameriprise Financial Inc. raised its position in Teradata by 12.4% during the fourth quarter. Ameriprise Financial Inc. now owns 5,450,428 shares of the technology company's stock valued at $169,756,000 after purchasing an additional 599,394 shares in the last quarter. AQR Capital Management LLC increased its holdings in shares of Teradata by 17.2% in the fourth quarter. AQR Capital Management LLC now owns 2,839,658 shares of the technology company's stock worth $88,029,000 after buying an additional 416,585 shares during the period. Pacer Advisors Inc. increased its holdings in shares of Teradata by 5.2% in the fourth quarter. Pacer Advisors Inc. now owns 2,179,728 shares of the technology company's stock worth $67,899,000 after buying an additional 108,426 shares during the period. Charles Schwab Investment Management Inc. increased its holdings in shares of Teradata by 8.1% in the fourth quarter. Charles Schwab Investment Management Inc. now owns 1,217,654 shares of the technology company's stock worth $37,930,000 after buying an additional 91,211 shares during the period. Finally, Norges Bank purchased a new position in shares of Teradata in the fourth quarter worth about $36,315,000. Hedge funds and other institutional investors own 90.31% of the company's stock.

Analysts Set New Price Targets

TDC has been the topic of a number of research analyst reports. Guggenheim reduced their price target on Teradata from $37.00 to $35.00 and set a "buy" rating on the stock in a report on Wednesday, May 7th. Barclays reduced their price target on Teradata from $25.00 to $22.00 and set an "underweight" rating on the stock in a report on Monday, April 21st. Evercore ISI reduced their price target on Teradata from $37.00 to $32.00 and set an "outperform" rating on the stock in a report on Wednesday, February 12th. Northland Capmk downgraded Teradata from a "strong-buy" rating to a "hold" rating in a report on Wednesday, May 7th. Finally, StockNews.com downgraded Teradata from a "strong-buy" rating to a "buy" rating in a report on Tuesday, April 8th. Two analysts have rated the stock with a sell rating, five have given a hold rating and four have given a buy rating to the company. According to data from MarketBeat.com, the stock presently has a consensus rating of "Hold" and an average target price of $27.50.

Teradata Stock Down 0.9%

Shares of TDC traded down $0.21 during mid-day trading on Friday, reaching $22.91. The company had a trading volume of 1,051,607 shares, compared to its average volume of 1,033,149. 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 50-day moving average price of $21.90 and a 200 day moving average price of $26.99. Teradata Co. has a 52 week low of $18.43 and a 52 week high of $35.60. The company has a market capitalization of $2.19 billion, a price-to-earnings ratio of 19.58, a price-to-earnings-growth ratio of 6.23 and a beta of 0.80.

Teradata (NYSE:TDC - Get Free Report) last released its quarterly earnings data on Tuesday, May 6th. The technology company reported $0.66 earnings per share (EPS) for the quarter, beating the consensus estimate of $0.57 by $0.09. The business had revenue of $418.00 million for the quarter, compared to analysts' expectations of $423.85 million. Teradata had a return on equity of 149.16% and a net margin of 6.51%. The firm's quarterly revenue was down 10.1% on a year-over-year basis. During the same period in the prior year, the firm posted $0.57 EPS. On average, sell-side analysts forecast that Teradata Co. will post 1.31 EPS for the current 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.