State of Tennessee Treasury Department acquired a new position in shares of Teradata Corporation (NYSE:TDC) in the third quarter, according to the company in its most recent 13F filing with the SEC. The institutional investor acquired 80,000 shares of the technology company’s stock, valued at approximately $2,703,000. State of Tennessee Treasury Department owned about 0.06% of Teradata Corporation as of its most recent filing with the SEC.
A number of other institutional investors have also recently made changes to their positions in the business. BlackRock Inc. grew its stake in shares of Teradata Corporation by 42.6% during the 2nd quarter. BlackRock Inc. now owns 11,126,276 shares of the technology company’s stock worth $328,115,000 after purchasing an additional 3,324,754 shares during the period. Ameriprise Financial Inc. grew its stake in Teradata Corporation by 24.1% in the 2nd quarter. Ameriprise Financial Inc. now owns 6,293,085 shares of the technology company’s stock valued at $185,598,000 after acquiring an additional 1,221,193 shares during the last quarter. Victory Capital Management Inc. acquired a new stake in Teradata Corporation in the 3rd quarter valued at about $33,107,000. Frontier Capital Management Co. LLC acquired a new stake in Teradata Corporation in the 2nd quarter valued at about $22,262,000. Finally, Bank of New York Mellon Corp grew its stake in Teradata Corporation by 6.0% in the 2nd quarter. Bank of New York Mellon Corp now owns 12,436,915 shares of the technology company’s stock valued at $366,764,000 after acquiring an additional 705,690 shares during the last quarter.
Several equities research analysts have issued reports on the stock. Stifel Nicolaus reaffirmed a “hold” rating and set a $32.00 price target on shares of Teradata Corporation in a research note on Monday, August 14th. BidaskClub cut shares of Teradata Corporation from a “buy” rating to a “hold” rating in a research note on Friday, August 11th. Needham & Company LLC assumed coverage on shares of Teradata Corporation in a research note on Monday, September 11th. They set a “hold” rating on the stock. Summit Redstone upgraded shares of Teradata Corporation from a “hold” rating to a “buy” rating in a report on Monday, November 13th. Finally, BMO Capital Markets increased their price objective on shares of Teradata Corporation from $30.00 to $32.00 and gave the stock a “market perform” rating in a report on Friday, July 28th. Five analysts have rated the stock with a sell rating, ten have issued a hold rating and two have issued a buy rating to the company. Teradata Corporation currently has a consensus rating of “Hold” and a consensus price target of $31.50.
Shares of Teradata Corporation (TDC) opened at $35.83 on Friday. The company has a debt-to-equity ratio of 0.69, a current ratio of 1.61 and a quick ratio of 1.56. Teradata Corporation has a 1 year low of $26.27 and a 1 year high of $38.08. The stock has a market cap of $4,520.00, a P/E ratio of 31.94, a price-to-earnings-growth ratio of 7.40 and a beta of 1.23.
Teradata Corporation (NYSE:TDC) last issued its quarterly earnings data on Thursday, November 2nd. The technology company reported $0.29 earnings per share (EPS) for the quarter, beating the Thomson Reuters’ consensus estimate of $0.12 by $0.17. Teradata Corporation had a net margin of 3.01% and a return on equity of 16.47%. The company had revenue of $526.00 million during the quarter, compared to the consensus estimate of $511.23 million. During the same quarter last year, the company earned $0.69 earnings per share. Teradata Corporation’s revenue for the quarter was down 4.7% on a year-over-year basis. equities research analysts forecast that Teradata Corporation will post 0.91 EPS for the current fiscal year.
Teradata Corporation Profile
Teradata Corporation is a provider of analytic data platforms, analytic applications and related services. The Company’s segments include Americas region (North America and Latin America) and International region (Europe, Middle East, Africa, Asia Pacific and Japan). Its offerings include analytics solutions, ecosystem architecture consulting and hybrid cloud solutions.
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