Kestra Investment Management LLC raised its holdings in Teradata Co. (NYSE:TDC – Free Report) by 53.0% during the 4th quarter, according to the company in its most recent disclosure with the SEC. The firm owned 29,988 shares of the technology company’s stock after buying an additional 10,392 shares during the quarter. Kestra Investment Management LLC’s holdings in Teradata were worth $934,000 as of its most recent SEC filing.
Several other institutional investors have also recently added to or reduced their stakes in TDC. Point72 Asset Management L.P. acquired a new position in Teradata in the third quarter valued at approximately $27,000. Brooklyn Investment Group acquired a new position in Teradata in the third quarter valued at approximately $32,000. Independence Bank of Kentucky acquired a new position in Teradata in the fourth quarter valued at approximately $37,000. Allworth Financial LP lifted its stake in Teradata by 75.2% in the third quarter. Allworth Financial LP now owns 1,326 shares of the technology company’s stock valued at $40,000 after buying an additional 569 shares during the period. Finally, International Assets Investment Management LLC increased its holdings in shares of Teradata by 2,934.1% during the third quarter. International Assets Investment Management LLC now owns 1,335 shares of the technology company’s stock valued at $44,000 after acquiring an additional 1,291 shares in the last quarter. 90.31% of the stock is owned by institutional investors and hedge funds.
Analysts Set New Price Targets
Several equities research analysts have recently commented on the company. Northland Securities decreased their price objective on Teradata from $38.00 to $37.00 and set an “outperform” rating for the company in a report on Tuesday, November 5th. StockNews.com downgraded Teradata from a “strong-buy” rating to a “buy” rating in a report on Thursday, February 13th. Barclays decreased their price objective on Teradata from $30.00 to $25.00 and set an “underweight” rating for the company in a report on Wednesday, February 12th. Royal Bank of Canada decreased their price objective on Teradata from $32.00 to $29.00 and set a “sector perform” rating for the company in a report on Wednesday, February 12th. Finally, JMP Securities restated a “market perform” rating on shares of Teradata in a report on Thursday, February 13th. Three investment analysts have rated the stock with a sell rating, four have given a hold rating and four have given a buy rating to the company. Based on data from MarketBeat.com, Teradata currently has an average rating of “Hold” and an average price target of $34.40.
Teradata Price Performance
TDC opened at $24.90 on Wednesday. The stock’s 50 day simple moving average is $30.93 and its 200 day simple moving average is $30.10. The company has a debt-to-equity ratio of 3.65, a current ratio of 0.81 and a quick ratio of 0.79. Teradata Co. has a 1 year low of $22.73 and a 1 year high of $39.70. The firm has a market cap of $2.38 billion, a price-to-earnings ratio of 21.28, a PEG ratio of 6.46 and a beta of 0.78.
Teradata (NYSE:TDC – Get Free Report) last released its quarterly earnings data on Tuesday, February 11th. The technology company reported $0.30 earnings per share for the quarter, missing the consensus estimate of $0.44 by ($0.14). Teradata had a return on equity of 149.16% and a net margin of 6.51%. As a group, analysts predict that Teradata Co. will post 1.31 earnings per share for the current year.
Teradata Company 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.
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