Renaissance Technologies LLC lowered its position in Teradata Co. (NYSE:TDC - Free Report) by 2.1% in the 4th quarter, according to its most recent disclosure with the Securities and Exchange Commission (SEC). The firm owned 1,663,957 shares of the technology company's stock after selling 35,200 shares during the quarter. Renaissance Technologies LLC owned 1.74% of Teradata worth $51,832,000 as of its most recent filing with the Securities and Exchange Commission (SEC).
A number of other large investors have also added to or reduced their stakes in the business. Norges Bank acquired a new position in shares of Teradata in the fourth quarter worth approximately $36,315,000. UNICOM Systems Inc. bought a new position in Teradata during the fourth quarter worth $3,162,000. Unified Investment Management bought a new stake in Teradata during the fourth quarter valued at $932,000. Victory Capital Management Inc. grew its holdings in Teradata by 742.5% during the 4th quarter. Victory Capital Management Inc. now owns 1,127,141 shares of the technology company's stock worth $35,110,000 after acquiring an additional 993,358 shares during the period. Finally, Versant Capital Management Inc lifted its stake in shares of Teradata by 210.2% in the 4th quarter. Versant Capital Management Inc now owns 2,578 shares of the technology company's stock valued at $80,000 after purchasing an additional 1,747 shares during the period. Institutional investors own 90.31% of the company's stock.
Wall Street Analyst Weigh In
TDC has been the topic of several recent analyst reports. Royal Bank of Canada dropped their price target on Teradata from $32.00 to $29.00 and set a "sector perform" rating on the stock in a research note on Wednesday, February 12th. Morgan Stanley upgraded shares of Teradata from an "equal weight" rating to an "overweight" rating and set a $26.00 price objective on the stock in a report on Tuesday, April 8th. JMP Securities reiterated a "market perform" rating on shares of Teradata in a report on Thursday, February 13th. Guggenheim lowered their target price on Teradata from $42.00 to $37.00 and set a "buy" rating on the stock in a research report on Wednesday, February 12th. Finally, StockNews.com downgraded shares of Teradata from a "strong-buy" rating to a "buy" rating in a report on Tuesday, April 8th. Three analysts have rated the stock with a sell rating, three have assigned a hold rating and five have assigned a buy rating to the company. According to data from MarketBeat, the company currently has a consensus rating of "Hold" and an average target price of $34.00.
Get Our Latest Stock Report on Teradata
Teradata Stock Performance
NYSE:TDC traded up $0.11 during trading on Monday, reaching $20.56. The company's stock had a trading volume of 480,448 shares, compared to its average volume of 1,039,858. The firm has a 50 day moving average of $23.67 and a 200-day moving average of $28.64. The company has a debt-to-equity ratio of 3.65, a quick ratio of 0.79 and a current ratio of 0.81. The firm has a market cap of $1.97 billion, a price-to-earnings ratio of 17.57, a price-to-earnings-growth ratio of 6.23 and a beta of 0.87. Teradata Co. has a 12 month low of $18.43 and a 12 month high of $38.45.
Teradata (NYSE:TDC - Get Free Report) last released its earnings results on Tuesday, February 11th. The technology company reported $0.30 earnings per share 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%. Research analysts expect that Teradata Co. will post 1.31 EPS for the current fiscal year.
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.
Further Reading
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