Principal Financial Group Inc. reduced its position in Teradata Co. (NYSE:TDC - Free Report) by 30.6% during the third quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission. The institutional investor owned 224,227 shares of the technology company's stock after selling 98,774 shares during the period. Principal Financial Group Inc. owned 0.23% of Teradata worth $6,803,000 at the end of the most recent quarter.
Other institutional investors have also 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 about $27,000. GAMMA Investing LLC raised its holdings in shares of Teradata by 88.0% in the 3rd quarter. GAMMA Investing LLC now owns 955 shares of the technology company's stock valued at $29,000 after purchasing an additional 447 shares in the last quarter. Brooklyn Investment Group purchased a new stake in shares of Teradata in the 3rd quarter worth approximately $32,000. Allworth Financial LP increased its holdings in Teradata by 75.2% during 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 raised its stake in Teradata by 2,934.1% in the third quarter. International Assets Investment Management LLC now owns 1,335 shares of the technology company's stock worth $44,000 after buying an additional 1,291 shares in the last quarter. Hedge funds and other institutional investors own 90.31% of the company's stock.
Teradata Stock Performance
NYSE:TDC traded down $0.49 during midday trading on Thursday, hitting $30.66. The company's stock had a trading volume of 876,980 shares, compared to its average volume of 927,146. Teradata Co. has a fifty-two week low of $24.02 and a fifty-two week high of $49.44. The company has a debt-to-equity ratio of 4.01, a current ratio of 0.80 and a quick ratio of 0.79. The firm has a market cap of $2.93 billion, a P/E ratio of 36.50, a P/E/G ratio of 3.17 and a beta of 0.79. The firm's 50 day moving average is $31.31 and its 200-day moving average is $30.82.
Teradata (NYSE:TDC - Get Free Report) last issued its earnings results on Monday, November 4th. The technology company reported $0.69 earnings per share (EPS) for the quarter, topping the consensus estimate of $0.56 by $0.13. Teradata had a net margin of 4.56% and a return on equity of 145.40%. The firm had revenue of $440.00 million during the quarter, compared to analysts' expectations of $417.71 million. During the same quarter last year, the company posted $0.14 earnings per share. The firm's revenue was up .5% compared to the same quarter last year. Equities analysts anticipate that Teradata Co. will post 1.41 earnings per share for the current fiscal year.
Analyst Ratings Changes
A number of equities research analysts recently weighed in on TDC shares. UBS Group upped their price objective on Teradata from $24.00 to $26.00 and gave the stock a "sell" rating in a research note on Tuesday, November 5th. Royal Bank of Canada restated a "sector perform" rating and issued a $32.00 price target on shares of Teradata in a report on Tuesday, November 5th. Barclays boosted their price objective on shares of Teradata from $29.00 to $30.00 and gave the stock an "underweight" rating in a research note on Friday, December 6th. Northland Securities lowered their target price on shares of Teradata from $38.00 to $37.00 and set an "outperform" rating for the company in a research note on Tuesday, November 5th. Finally, Evercore ISI upped their price target on Teradata from $34.00 to $37.00 and gave the stock an "outperform" rating in a research report on Tuesday, October 15th. Three analysts have rated the stock with a sell rating, four have given a hold rating, four have issued a buy rating and one has assigned a strong buy rating to the company. Based on data from MarketBeat, Teradata currently has a consensus rating of "Hold" and a consensus target price of $40.00.
Check Out Our Latest Research Report on Teradata
Teradata Profile
(
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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