Lazard Asset Management LLC Buys 88,092 Shares of Teradata Co. (NYSE:TDC)

Lazard Asset Management LLC raised its stake in Teradata Co. (NYSE:TDC - Free Report) by 1,566.6% in the 4th quarter, according to its most recent filing with the SEC. The fund owned 93,715 shares of the technology company's stock after purchasing an additional 88,092 shares during the period. Lazard Asset Management LLC owned 0.10% of Teradata worth $2,918,000 as of its most recent SEC filing.

A number of other hedge funds and other institutional investors have also recently bought and sold shares of TDC. Norges Bank purchased a new position in Teradata during the fourth quarter valued at approximately $36,315,000. UNICOM Systems Inc. bought a new stake in Teradata during the 4th quarter worth about $3,162,000. Unified Investment Management acquired a new stake in shares of Teradata in the 4th quarter valued at approximately $932,000. Victory Capital Management Inc. raised its holdings in shares of Teradata by 742.5% in the fourth quarter. Victory Capital Management Inc. now owns 1,127,141 shares of the technology company's stock valued at $35,110,000 after purchasing an additional 993,358 shares during the last quarter. Finally, Merit Financial Group LLC bought a new position in Teradata during the fourth quarter worth $316,000. 90.31% of the stock is owned by institutional investors and hedge funds.

Teradata Stock Down 0.7%

NYSE TDC traded down $0.15 on Tuesday, reaching $22.51. The company had a trading volume of 823,467 shares, compared to its average volume of 1,031,632. Teradata Co. has a 52-week low of $18.43 and a 52-week high of $35.60. The stock has a market capitalization of $2.15 billion, a P/E ratio of 19.24, a P/E/G ratio of 6.23 and a beta of 0.80. The company's fifty day moving average is $21.91 and its 200 day moving average is $26.88. The company has a quick ratio of 0.79, a current ratio of 0.81 and a debt-to-equity ratio of 3.65.

Teradata (NYSE:TDC - Get Free Report) last issued its earnings results on Tuesday, May 6th. The technology company reported $0.66 EPS for the quarter, topping the consensus estimate of $0.57 by $0.09. The business had revenue of $418.00 million during 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 company earned $0.57 EPS. Sell-side analysts anticipate that Teradata Co. will post 1.31 earnings per share for the current fiscal year.

Analysts Set New Price Targets

Several research analysts have commented on TDC shares. Guggenheim lowered their target price on Teradata from $37.00 to $35.00 and set a "buy" rating for the company in a research note on Wednesday, May 7th. Royal Bank of Canada cut their price target on Teradata from $32.00 to $29.00 and set a "sector perform" rating on the stock in a report on Wednesday, February 12th. Morgan Stanley raised Teradata from an "equal weight" rating to an "overweight" rating and set a $26.00 target price on the stock in a research report on Tuesday, April 8th. JMP Securities reaffirmed a "market perform" rating on shares of Teradata in a research report on Thursday, February 13th. Finally, Northland Securities lowered Teradata from an "outperform" rating to a "market perform" rating and set a $21.00 target price on the stock. 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 company's stock. Based on data from MarketBeat, the company has a consensus rating of "Hold" and a consensus price target of $27.50.

Teradata 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.