KLP Kapitalforvaltning AS purchased a new position in shares of Teradata Co. (NYSE:TDC - Free Report) in the 4th quarter, according to its most recent Form 13F filing with the Securities & Exchange Commission. The institutional investor purchased 20,700 shares of the technology company's stock, valued at approximately $645,000.
Other hedge funds have also recently added to or reduced their stakes in the company. Point72 Asset Management L.P. purchased a new position in shares of Teradata during the 3rd quarter worth approximately $27,000. Independence Bank of Kentucky acquired a new stake in Teradata in the fourth quarter valued at $37,000. Groupama Asset Managment acquired a new position in shares of Teradata during the 3rd quarter worth $50,000. GAMMA Investing LLC increased its holdings in shares of Teradata by 91.5% in the 4th quarter. GAMMA Investing LLC now owns 1,829 shares of the technology company's stock valued at $57,000 after purchasing an additional 874 shares in the last quarter. Finally, Venturi Wealth Management LLC lifted its stake in shares of Teradata by 20.9% in the fourth quarter. Venturi Wealth Management LLC now owns 2,109 shares of the technology company's stock valued at $66,000 after purchasing an additional 365 shares during the period. Institutional investors and hedge funds own 90.31% of the company's stock.
Teradata Trading Down 7.4 %
Shares of TDC traded down $1.57 on Friday, hitting $19.73. 1,487,060 shares of the stock traded hands, compared to its average volume of 1,028,201. The firm has a market capitalization of $1.89 billion, a P/E ratio of 16.86, a P/E/G ratio of 6.23 and a beta of 0.87. 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 Co. has a 1 year low of $19.43 and a 1 year high of $38.82. The stock's 50 day moving average is $25.33 and its two-hundred day moving average is $29.07.
Teradata (NYSE:TDC - Get Free Report) last announced its quarterly earnings data on Tuesday, February 11th. The technology company reported $0.30 EPS for the quarter, missing analysts' consensus estimates of $0.44 by ($0.14). Teradata had a net margin of 6.51% and a return on equity of 149.16%. As a group, sell-side analysts predict that Teradata Co. will post 1.31 earnings per share for the current year.
Analysts Set New Price Targets
A number of equities research analysts have recently issued reports on TDC shares. Guggenheim reduced their price target on shares of Teradata from $42.00 to $37.00 and set a "buy" rating for the company in a research report on Wednesday, February 12th. Royal Bank of Canada cut their price target on Teradata from $32.00 to $29.00 and set a "sector perform" rating for the company in a research note on Wednesday, February 12th. StockNews.com lowered shares of Teradata from a "strong-buy" rating to a "buy" rating in a research report on Saturday, March 29th. Barclays dropped their target price on shares of Teradata from $30.00 to $25.00 and set an "underweight" rating for the company in a report on Wednesday, February 12th. Finally, Evercore ISI lowered their price target on shares of Teradata from $37.00 to $32.00 and set an "outperform" rating on the stock in a research report on Wednesday, February 12th. Three investment analysts have rated the stock with a sell rating, four have assigned a hold rating and four have issued a buy rating to the company's stock. According to MarketBeat, Teradata has an average rating of "Hold" and an average target price of $34.30.
Check Out Our Latest Report on TDC
About Teradata
(
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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