Teacher Retirement System of Texas lifted its holdings in Teradata Co. (NYSE:TDC - Free Report) by 57.2% in the 4th quarter, according to its most recent filing with the SEC. The firm owned 80,566 shares of the technology company's stock after purchasing an additional 29,310 shares during the period. Teacher Retirement System of Texas owned about 0.08% of Teradata worth $2,510,000 at the end of the most recent quarter.
A number of other hedge funds and other institutional investors have also recently modified their holdings of TDC. Point72 Asset Management L.P. purchased a new position in Teradata in the third quarter valued at about $27,000. Brooklyn Investment Group purchased a new position in shares of Teradata in the 3rd quarter worth approximately $32,000. Independence Bank of Kentucky bought a new position in shares of Teradata during the 4th quarter worth approximately $37,000. Groupama Asset Managment purchased a new stake in Teradata during the third quarter valued at approximately $50,000. Finally, GAMMA Investing LLC boosted its stake in Teradata by 91.5% in the fourth quarter. GAMMA Investing LLC now owns 1,829 shares of the technology company's stock valued at $57,000 after acquiring an additional 874 shares in the last quarter. 90.31% of the stock is currently owned by institutional investors.
Analysts Set New Price Targets
A number of equities analysts have recently issued reports on the company. Barclays reduced their price target on Teradata from $30.00 to $25.00 and set an "underweight" rating on the stock in a research report on Wednesday, February 12th. Evercore ISI cut their price target on shares of Teradata from $37.00 to $32.00 and set an "outperform" rating on the stock in a research note on Wednesday, February 12th. StockNews.com downgraded shares of Teradata from a "strong-buy" rating to a "buy" rating in a research note on Saturday. JMP Securities reissued a "market perform" rating on shares of Teradata in a research report on Thursday, February 13th. Finally, Guggenheim reduced their price target on Teradata from $42.00 to $37.00 and set a "buy" rating for the company 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 assigned a buy rating to the company. According to MarketBeat.com, the stock presently has a consensus rating of "Hold" and a consensus price target of $34.40.
View Our Latest Stock Report on Teradata
Teradata Price Performance
TDC stock traded down $0.64 during trading on Friday, hitting $22.98. The stock had a trading volume of 2,241,363 shares, compared to its average volume of 1,019,468. The company's 50-day moving average price is $26.32 and its two-hundred day moving average price is $29.31. Teradata Co. has a twelve month low of $21.80 and a twelve month high of $39.12. The stock has a market capitalization of $2.17 billion, a P/E ratio of 19.64, a PEG ratio of 6.23 and a beta of 0.75. 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 (NYSE:TDC - Get Free Report) last issued its quarterly earnings results on Tuesday, February 11th. The technology company reported $0.30 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%. As a group, research analysts predict that Teradata Co. will post 1.31 EPS for the current fiscal year.
Teradata Company Profile
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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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