ING Groep NV bought a new stake in shares of Teradata Co. (NYSE:TDC) during the fourth quarter, according to the company in its most recent filing with the Securities and Exchange Commission. The firm bought 18,258 shares of the technology company’s stock, valued at approximately $702,000.
Several other large investors have also made changes to their positions in TDC. PNC Financial Services Group Inc. lifted its position in shares of Teradata by 0.4% during the 2nd quarter. PNC Financial Services Group Inc. now owns 7,236 shares of the technology company’s stock valued at $213,000 after buying an additional 31 shares in the last quarter. Dimensional Fund Advisors LP lifted its position in shares of Teradata by 6.2% during the 2nd quarter. Dimensional Fund Advisors LP now owns 1,271,750 shares of the technology company’s stock valued at $37,506,000 after buying an additional 73,887 shares in the last quarter. The Manufacturers Life Insurance Company lifted its position in shares of Teradata by 21.3% during the 2nd quarter. The Manufacturers Life Insurance Company now owns 192,182 shares of the technology company’s stock valued at $5,668,000 after buying an additional 33,809 shares in the last quarter. Ameritas Investment Partners Inc. lifted its holdings in Teradata by 1,272.4% in the 2nd quarter. Ameritas Investment Partners Inc. now owns 39,168 shares of the technology company’s stock valued at $1,155,000 after purchasing an additional 36,314 shares in the last quarter. Finally, Public Employees Retirement System of Ohio lifted its holdings in Teradata by 11.9% in the 2nd quarter. Public Employees Retirement System of Ohio now owns 40,738 shares of the technology company’s stock valued at $1,201,000 after purchasing an additional 4,344 shares in the last quarter. Hedge funds and other institutional investors own 97.94% of the company’s stock.
Shares of Teradata Co. (NYSE:TDC) opened at $37.02 on Friday. The company has a current ratio of 1.65, a quick ratio of 1.62 and a debt-to-equity ratio of 0.72. The stock has a market capitalization of $4,450.00, a PE ratio of 75.55, a P/E/G ratio of 11.28 and a beta of 1.23. Teradata Co. has a 52-week low of $27.05 and a 52-week high of $42.74.
Teradata (NYSE:TDC) last issued its quarterly earnings data on Thursday, February 8th. The technology company reported $0.58 earnings per share (EPS) for the quarter, topping analysts’ consensus estimates of $0.40 by $0.18. The firm had revenue of $626.00 million during the quarter, compared to the consensus estimate of $610.50 million. Teradata had a positive return on equity of 15.54% and a negative net margin of 3.11%. The company’s quarterly revenue was up .0% on a year-over-year basis. During the same period last year, the company earned $0.67 EPS. analysts predict that Teradata Co. will post 1.07 earnings per share for the current fiscal year.
Teradata announced that its Board of Directors has initiated a share repurchase program on Thursday, February 8th that allows the company to buyback $310.00 million in shares. This buyback authorization allows the technology company to purchase shares of its stock through open market purchases. Shares buyback programs are generally a sign that the company’s management believes its shares are undervalued.
A number of brokerages have weighed in on TDC. BMO Capital Markets raised their price objective on Teradata from $40.00 to $42.00 and gave the company a “market perform” rating in a report on Friday, February 9th. Mizuho restated a “sell” rating and issued a $32.00 price objective on shares of Teradata in a report on Monday, January 22nd. Morgan Stanley upgraded Teradata from an “underweight” rating to an “equal weight” rating and raised their price objective for the company from $31.00 to $40.00 in a report on Tuesday, January 23rd. Bank of America reduced their price target on Teradata from $48.00 to $45.00 and set a “buy” rating on the stock in a report on Friday, February 9th. Finally, Summit Redstone upgraded Teradata from a “hold” rating to a “buy” rating in a report on Monday, November 13th. Five equities research analysts have rated the stock with a sell rating, eight have assigned a hold rating and three have given a buy rating to the company. The stock has a consensus rating of “Hold” and a consensus target price of $34.82.
In other Teradata news, CFO Mark Culhane acquired 4,500 shares of the business’s stock in a transaction that occurred on Friday, December 1st. The stock was purchased at an average cost of $37.66 per share, with a total value of $169,470.00. Following the transaction, the chief financial officer now owns 29,924 shares of the company’s stock, valued at $1,126,937.84. The transaction was disclosed in a filing with the SEC, which is available at this link. 1.73% of the stock is currently owned by company insiders.
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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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