Cornercap Investment Counsel Inc. Takes $208,000 Position in Teradata Co. (NYSE:TDC)

Cornercap Investment Counsel Inc. acquired a new position in shares of Teradata Co. (NYSE:TDC) in the fourth quarter, according to its most recent disclosure with the Securities and Exchange Commission. The fund acquired 6,676 shares of the technology company’s stock, valued at approximately $208,000.

Several other hedge funds and other institutional investors also recently added to or reduced their stakes in the stock. Thrivent Financial for Lutherans boosted its holdings in shares of Teradata by 72.7% in the 3rd quarter. Thrivent Financial for Lutherans now owns 40,683 shares of the technology company’s stock worth $1,235,000 after purchasing an additional 17,129 shares in the last quarter. Connor Clark & Lunn Investment Management Ltd. purchased a new stake in shares of Teradata in the 3rd quarter valued at $341,000. Charles Schwab Investment Management Inc. grew its stake in shares of Teradata by 2.9% during the third quarter. Charles Schwab Investment Management Inc. now owns 1,126,443 shares of the technology company’s stock valued at $34,176,000 after buying an additional 31,343 shares during the last quarter. Cerity Partners LLC grew its position in Teradata by 632.9% during the 3rd quarter. Cerity Partners LLC now owns 47,509 shares of the technology company’s stock worth $1,441,000 after acquiring an additional 41,027 shares during the last quarter. Finally, FMR LLC increased its stake in Teradata by 2.7% in the 3rd quarter. FMR LLC now owns 1,932,741 shares of the technology company’s stock worth $58,639,000 after purchasing an additional 51,080 shares during the period. 90.31% of the stock is currently owned by hedge funds and other institutional investors.

Teradata Trading Down 2.7 %

NYSE TDC opened at $22.98 on Friday. The stock’s 50 day moving average is $26.32 and its 200 day moving average is $29.30. 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 firm has a market capitalization of $2.17 billion, a PE ratio of 19.64, a P/E/G ratio of 6.23 and a beta of 0.75. Teradata Co. has a twelve month low of $21.80 and a twelve month high of $39.12.

Teradata (NYSE:TDC) last issued its quarterly earnings results on Tuesday, February 11th. The technology company reported $0.30 earnings per share (EPS) 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%. Research analysts forecast that Teradata Co. will post 1.31 earnings per share for the current fiscal year.

Analyst Upgrades and Downgrades

A number of analysts have recently weighed in on TDC shares. Evercore ISI dropped their price objective on Teradata from $37.00 to $32.00 and set an “outperform” rating for the company in a research note on Wednesday, February 12th. Royal Bank of Canada dropped their price target on shares of Teradata from $32.00 to $29.00 and set a “sector perform” rating for the company in a research report on Wednesday, February 12th. Guggenheim decreased their price objective on shares of Teradata from $42.00 to $37.00 and set a “buy” rating on the stock in a research report on Wednesday, February 12th. JMP Securities reiterated a “market perform” rating on shares of Teradata in a report on Thursday, February 13th. Finally, Barclays reduced their price target on Teradata from $30.00 to $25.00 and set an “underweight” rating on the stock in a report on Wednesday, February 12th. Three analysts have rated the stock with a sell rating, four have assigned a hold rating and four have assigned a buy rating to the company’s stock. According to data from MarketBeat, the company has a consensus rating of “Hold” and an average target price of $34.40.

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.