BNP Paribas Financial Markets Acquires 65,453 Shares of Teradata Co. (NYSE:TDC)

BNP Paribas Financial Markets grew its holdings in Teradata Co. (NYSE:TDC - Free Report) by 58.4% in the 4th quarter, according to its most recent disclosure with the Securities and Exchange Commission (SEC). The institutional investor owned 177,502 shares of the technology company's stock after acquiring an additional 65,453 shares during the quarter. BNP Paribas Financial Markets owned 0.19% of Teradata worth $5,529,000 at the end of the most recent reporting period.

A number of other hedge funds also recently modified their holdings of TDC. Ameriprise Financial Inc. grew its position in shares of Teradata by 12.4% in the 4th 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 during the period. AXA S.A. lifted its stake in Teradata by 34.1% in the fourth quarter. AXA S.A. now owns 246,714 shares of the technology company's stock valued at $7,685,000 after buying an additional 62,682 shares in the last quarter. Mercer Global Advisors Inc. ADV acquired a new position in shares of Teradata in the fourth quarter valued at approximately $238,000. Voleon Capital Management LP bought a new stake in shares of Teradata during the fourth quarter worth $788,000. Finally, AQR Capital Management LLC raised its holdings in shares of Teradata by 17.2% during the fourth quarter. AQR Capital Management LLC now owns 2,839,658 shares of the technology company's stock worth $88,029,000 after acquiring an additional 416,585 shares during the period. Institutional investors and hedge funds own 90.31% of the company's stock.

Analyst Ratings Changes

TDC has been the subject of a number of research analyst reports. Morgan Stanley raised shares of Teradata from an "equal weight" rating to an "overweight" rating and set a $26.00 target price for the company in a research note on Tuesday, April 8th. StockNews.com cut Teradata from a "strong-buy" rating to a "buy" rating in a research report on Tuesday, April 8th. Northland Capmk lowered Teradata from a "strong-buy" rating to a "hold" rating in a research report on Wednesday, May 7th. Evercore ISI cut their target price on Teradata from $37.00 to $32.00 and set an "outperform" rating on the stock in a research note on Wednesday, February 12th. Finally, Northland Securities downgraded Teradata from an "outperform" rating to a "market perform" rating and set a $21.00 price target for the company. in a research report on Wednesday, May 7th. Two research analysts have rated the stock with a sell rating, five have assigned a hold rating and four have issued a buy rating to the stock. Based on data from MarketBeat.com, the company has an average rating of "Hold" and a consensus target price of $27.50.

Teradata Stock Down 0.9%

Shares of Teradata stock traded down $0.21 on Friday, reaching $22.91. 1,051,607 shares of the company were exchanged, compared to its average volume of 1,030,931. The company has a market capitalization of $2.19 billion, a price-to-earnings ratio of 19.58, a PEG 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 Co. has a one year low of $18.43 and a one year high of $35.60. The company has a 50-day moving average of $21.90 and a 200 day moving average of $27.02.

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