Lazard Asset Management LLC lifted its holdings in shares of Teradata Co. (NYSE:TDC - Free Report) by 1,566.6% in the fourth quarter, according to its most recent filing with the SEC. The firm owned 93,715 shares of the technology company's stock after acquiring an additional 88,092 shares during the period. Lazard Asset Management LLC owned approximately 0.10% of Teradata worth $2,918,000 as of its most recent filing with the SEC.
A number of other hedge funds have also made changes to their positions in the company. Venturi Wealth Management LLC increased its position in shares of Teradata by 20.9% during the 4th quarter. Venturi Wealth Management LLC now owns 2,109 shares of the technology company's stock worth $66,000 after purchasing an additional 365 shares in the last quarter. Xponance Inc. increased its position in shares of Teradata by 2.3% during the 4th quarter. Xponance Inc. now owns 19,074 shares of the technology company's stock worth $594,000 after purchasing an additional 428 shares in the last quarter. Sumitomo Mitsui DS Asset Management Company Ltd increased its position in shares of Teradata by 3.9% during the 4th quarter. Sumitomo Mitsui DS Asset Management Company Ltd now owns 11,596 shares of the technology company's stock worth $361,000 after purchasing an additional 431 shares in the last quarter. Wealth Enhancement Advisory Services LLC increased its position 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 purchasing an additional 455 shares in the last quarter. Finally, Aster Capital Management DIFC Ltd increased its position in Teradata by 53.0% in the 4th quarter. Aster Capital Management DIFC Ltd now owns 1,567 shares of the technology company's stock valued at $49,000 after acquiring an additional 543 shares in the last quarter. Institutional investors and hedge funds own 90.31% of the company's stock.
Analysts Set New Price Targets
TDC has been the subject of several research reports. Northland Securities cut shares of Teradata from an "outperform" rating to a "market perform" rating and set a $21.00 price objective for the company. in a research report on Wednesday, May 7th. Wall Street Zen cut shares of Teradata from a "strong-buy" rating to a "buy" rating in a research report on Tuesday, April 8th. Morgan Stanley upgraded shares of Teradata from an "equal weight" rating to an "overweight" rating and set a $26.00 price objective for the company in a research report on Tuesday, April 8th. Barclays lowered their price objective on shares of Teradata from $25.00 to $22.00 and set an "underweight" rating for the company in a research report on Monday, April 21st. Finally, Northland Capmk cut shares of Teradata from a "strong-buy" rating to a "hold" rating in a research report on Wednesday, May 7th. Two analysts have rated the stock with a sell rating, five have assigned a hold rating and four have issued a buy rating to the company's stock. Based on data from MarketBeat.com, the company currently has a consensus rating of "Hold" and a consensus price target of $27.50.
Read Our Latest Stock Report on TDC
Teradata Stock Up 1.3%
Shares of TDC stock traded up $0.29 during trading on Thursday, reaching $22.11. The company's stock had a trading volume of 171,582 shares, compared to its average volume of 1,032,131. The business has a fifty day moving average price of $21.90 and a 200-day moving average price of $26.81. The company has a quick ratio of 0.79, a current ratio of 0.81 and a debt-to-equity ratio of 3.65. The company has a market cap of $2.11 billion, a price-to-earnings ratio of 18.91, a price-to-earnings-growth ratio of 6.23 and a beta of 0.80. Teradata Co. has a one year low of $18.43 and a one year high of $35.60.
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 business had revenue of $418.00 million for the quarter, compared to analyst estimates 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 quarter in the previous year, the firm posted $0.57 earnings per share. Analysts anticipate that Teradata Co. will post 1.31 earnings per share for the current year.
Teradata Company Profile
(
Free Report)
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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