FIL Ltd reduced its position in shares of Teradata Co. (NYSE:TDC - Free Report) by 8.9% in the 4th quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission. The fund owned 1,123,116 shares of the technology company's stock after selling 109,254 shares during the period. FIL Ltd owned about 1.17% of Teradata worth $34,985,000 at the end of the most recent reporting period.
Several other institutional investors and hedge funds have also made changes to their positions in the business. Norges Bank purchased a new stake in shares of Teradata in the fourth quarter valued at about $36,315,000. UNICOM Systems Inc. acquired a new position in shares of Teradata during the 4th quarter worth approximately $3,162,000. Unified Investment Management purchased a new stake in Teradata during the 4th quarter worth about $932,000. Victory Capital Management Inc. lifted its stake in shares of Teradata by 742.5% during the fourth quarter. Victory Capital Management Inc. now owns 1,127,141 shares of the technology company's stock valued at $35,110,000 after buying an additional 993,358 shares during the period. Finally, Versant Capital Management Inc grew its position in shares of Teradata by 210.2% in the fourth 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. 90.31% of the stock is owned by institutional investors and hedge funds.
Analyst Ratings Changes
Several equities analysts have recently weighed in on the company. Evercore ISI reduced their price objective on Teradata from $37.00 to $32.00 and set an "outperform" rating on the stock in a research note on Wednesday, February 12th. Morgan Stanley upgraded Teradata from an "equal weight" rating to an "overweight" rating and set a $26.00 price target for the company in a research note on Tuesday, April 8th. StockNews.com lowered shares of Teradata from a "strong-buy" rating to a "buy" rating in a report on Tuesday, April 8th. Barclays cut their target price on Teradata from $30.00 to $25.00 and set an "underweight" rating on the stock in a research note on Wednesday, February 12th. Finally, JMP Securities reaffirmed a "market perform" rating on shares of Teradata in a research note on Thursday, February 13th. Three investment analysts have rated the stock with a sell rating, three have issued a hold rating and five have issued a buy rating to the company's stock. According to MarketBeat, the stock has an average rating of "Hold" and a consensus target price of $34.00.
View Our Latest Stock Analysis on Teradata
Teradata Stock Performance
TDC stock traded up $0.08 during mid-day trading on Monday, hitting $20.53. 786,753 shares of the company were exchanged, compared to its average volume of 1,039,859. The business has a 50 day simple moving average of $23.67 and a 200-day simple moving average of $28.64. Teradata Co. has a 1-year low of $18.43 and a 1-year high of $38.45. The stock has a market capitalization of $1.97 billion, a PE ratio of 17.55, a price-to-earnings-growth ratio of 6.23 and a beta of 0.87. The company has a current ratio of 0.81, a quick ratio of 0.79 and a debt-to-equity ratio of 3.65.
Teradata (NYSE:TDC - Get Free Report) last announced 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 return on equity of 149.16% and a net margin of 6.51%. On average, equities analysts forecast that Teradata Co. will post 1.31 earnings per share for the current year.
Teradata 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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