Strategic Global Advisors LLC Invests $2.24 Million in Teradata Co. (NYSE:TDC)

Strategic Global Advisors LLC acquired a new position in shares of Teradata Co. (NYSE:TDC) in the 4th quarter, according to its most recent 13F filing with the SEC. The fund acquired 71,833 shares of the technology company’s stock, valued at approximately $2,238,000.

A number of other institutional investors and hedge funds have also recently bought and sold shares of TDC. Barclays PLC increased its position in Teradata by 49.2% during the third quarter. Barclays PLC now owns 169,687 shares of the technology company’s stock worth $5,150,000 after buying an additional 55,979 shares in the last quarter. Assenagon Asset Management S.A. boosted its stake in shares of Teradata by 73.0% during the fourth quarter. Assenagon Asset Management S.A. now owns 768,892 shares of the technology company’s stock valued at $23,951,000 after acquiring an additional 324,442 shares during the last quarter. Merit Financial Group LLC purchased a new stake in Teradata during the 4th quarter worth about $316,000. Impact Partnership Wealth LLC purchased a new stake in Teradata during the 4th quarter worth about $224,000. Finally, Harel Insurance Investments & Financial Services Ltd. acquired a new position in Teradata in the 4th quarter valued at about $152,000. Hedge funds and other institutional investors own 90.31% of the company’s stock.

Wall Street Analyst Weigh In

Several equities research analysts have issued reports on TDC shares. Northland Securities cut shares of Teradata from an “outperform” rating to a “market perform” rating and set a $21.00 price target on the stock. in a research note on Wednesday, May 7th. StockNews.com downgraded shares of Teradata from a “strong-buy” rating to a “buy” rating in a research note on Tuesday, April 8th. Guggenheim decreased their target price on shares of Teradata from $37.00 to $35.00 and set a “buy” rating on the stock in a research report on Wednesday, May 7th. Evercore ISI cut their price target on Teradata from $37.00 to $32.00 and set an “outperform” rating for the company in a report on Wednesday, February 12th. Finally, Morgan Stanley raised Teradata from an “equal weight” rating to an “overweight” rating and set a $26.00 price target on the stock in a research note on Tuesday, April 8th. Two investment analysts have rated the stock with a sell rating, five have assigned a hold rating and four have given a buy rating to the stock. Based on data from MarketBeat, the stock currently has an average rating of “Hold” and a consensus price target of $27.50.

Teradata Price Performance

Teradata stock opened at $22.91 on Friday. Teradata Co. has a 1 year low of $18.43 and a 1 year high of $35.60. 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 50 day moving average price of $21.90 and a 200 day moving average price of $26.99. The company has a market cap of $2.19 billion, a price-to-earnings ratio of 19.58, a PEG ratio of 6.23 and a beta of 0.80.

Teradata (NYSE:TDC) last announced its quarterly earnings results on Tuesday, May 6th. The technology company reported $0.66 earnings per share for the quarter, beating analysts’ consensus estimates of $0.57 by $0.09. The company had revenue of $418.00 million for the quarter, compared to analyst estimates of $423.85 million. Teradata had a net margin of 6.51% and a return on equity of 149.16%. Teradata’s revenue for the quarter was down 10.1% on a year-over-year basis. During the same quarter last year, the business earned $0.57 EPS. Sell-side analysts predict that Teradata Co. will post 1.31 earnings per share for the current year.

Teradata Profile

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.