Fort Washington Investment Advisors Inc. OH Grows Stock Holdings in Teradata Co. (NYSE:TDC)

Fort Washington Investment Advisors Inc. OH boosted its stake in Teradata Co. (NYSE:TDC) by 12.5% during the 2nd quarter, according to its most recent 13F filing with the Securities & Exchange Commission. The firm owned 395,870 shares of the technology company’s stock after acquiring an additional 43,990 shares during the period. Fort Washington Investment Advisors Inc. OH owned 0.41% of Teradata worth $13,681,000 as of its most recent SEC filing.

Several other institutional investors and hedge funds have also recently added to or reduced their stakes in TDC. Norges Bank acquired a new position in shares of Teradata in the fourth quarter valued at approximately $54,332,000. M&G Plc increased its stake in Teradata by 2,920.3% in the 2nd quarter. M&G Plc now owns 1,183,683 shares of the technology company’s stock valued at $41,429,000 after buying an additional 1,144,492 shares during the period. Ariel Investments LLC acquired a new position in Teradata in the 1st quarter valued at $30,998,000. Vanguard Group Inc. raised its position in Teradata by 3.3% during the 1st quarter. Vanguard Group Inc. now owns 11,841,180 shares of the technology company’s stock worth $457,898,000 after buying an additional 377,761 shares during the last quarter. Finally, Jacobs Levy Equity Management Inc. lifted its stake in shares of Teradata by 369.0% in the 1st quarter. Jacobs Levy Equity Management Inc. now owns 310,605 shares of the technology company’s stock worth $12,011,000 after acquiring an additional 244,384 shares during the period. 90.31% of the stock is owned by hedge funds and other institutional investors.

Wall Street Analysts Forecast Growth

A number of research analysts have recently issued reports on TDC shares. JMP Securities lowered shares of Teradata from an “outperform” rating to a “market perform” rating in a research note on Tuesday, August 6th. TD Cowen cut their target price on Teradata from $37.00 to $29.00 and set a “hold” rating for the company in a research note on Tuesday, August 6th. StockNews.com upgraded Teradata from a “buy” rating to a “strong-buy” rating in a research note on Tuesday, August 6th. Royal Bank of Canada cut their price objective on Teradata from $40.00 to $32.00 and set a “sector perform” rating for the company in a research report on Tuesday, August 6th. Finally, Bank of America lowered shares of Teradata from a “neutral” rating to an “underperform” rating and decreased their target price for the stock from $48.00 to $39.00 in a research report on Tuesday, May 7th. Three research analysts have rated the stock with a sell rating, four have assigned a hold rating, four have given a buy rating and one has assigned a strong buy rating to the stock. Based on data from MarketBeat, Teradata currently has a consensus rating of “Hold” and a consensus price target of $40.36.

Teradata Trading Down 0.1 %

Shares of TDC opened at $28.24 on Friday. The company has a debt-to-equity ratio of 6.87, a current ratio of 0.75 and a quick ratio of 0.72. Teradata Co. has a 1-year low of $24.02 and a 1-year high of $49.44. The stock has a market cap of $2.71 billion, a price-to-earnings ratio of 67.24, a price-to-earnings-growth ratio of 2.61 and a beta of 0.84. The firm has a 50 day simple moving average of $30.86 and a 200-day simple moving average of $34.23.

Teradata (NYSE:TDC) last released its quarterly earnings results on Monday, August 5th. The technology company reported $0.64 earnings per share for the quarter, topping analysts’ consensus estimates of $0.48 by $0.16. The company had revenue of $436.00 million during the quarter, compared to analysts’ expectations of $447.30 million. Teradata had a return on equity of 114.57% and a net margin of 3.45%. The business’s revenue for the quarter was down 5.6% compared to the same quarter last year. During the same period in the previous year, the firm posted $0.20 earnings per share. Equities analysts forecast that Teradata Co. will post 1.3 EPS for the current fiscal 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.