Kiwi Wealth Investments Limited Partnership lifted its stake in Teradata Co. (NYSE:TDC) by 23.2% during the 1st quarter, Holdings Channel reports. The firm owned 50,362 shares of the technology company’s stock after acquiring an additional 9,472 shares during the period. Kiwi Wealth Investments Limited Partnership’s holdings in Teradata were worth $1,998,000 at the end of the most recent quarter.
Several other large investors also recently bought and sold shares of the company. Cubist Systematic Strategies LLC bought a new position in shares of Teradata in the 1st quarter worth $251,000. Point72 Asset Management L.P. acquired a new stake in Teradata during the 1st quarter worth $1,399,000. Guggenheim Capital LLC raised its stake in Teradata by 62.0% during the 1st quarter. Guggenheim Capital LLC now owns 43,877 shares of the technology company’s stock worth $1,740,000 after buying an additional 16,791 shares during the period. LPL Financial LLC acquired a new stake in Teradata during the 1st quarter worth $2,575,000. Finally, Element Capital Management LLC acquired a new stake in Teradata during the 1st quarter worth $518,000. Institutional investors and hedge funds own 97.90% of the company’s stock.
TDC opened at $43.26 on Friday. Teradata Co. has a 1 year low of $27.72 and a 1 year high of $43.33. The stock has a market capitalization of $5.12 billion, a price-to-earnings ratio of 53.41, a PEG ratio of 14.58 and a beta of 1.17. The company has a debt-to-equity ratio of 0.71, a quick ratio of 1.63 and a current ratio of 1.68.
Teradata (NYSE:TDC) last released its quarterly earnings results on Thursday, May 3rd. The technology company reported $0.19 earnings per share (EPS) for the quarter, beating the Thomson Reuters’ consensus estimate of $0.16 by $0.03. Teradata had a positive return on equity of 14.76% and a negative net margin of 3.32%. The firm had revenue of $506.00 million for the quarter, compared to the consensus estimate of $495.95 million. During the same quarter last year, the business posted $0.28 EPS. The company’s revenue for the quarter was up 3.1% on a year-over-year basis. analysts expect that Teradata Co. will post 0.97 EPS for the current fiscal year.
TDC has been the topic of several research analyst reports. Stifel Nicolaus raised Teradata from a “hold” rating to a “buy” rating and raised their price objective for the stock from $45.00 to $49.00 in a research note on Thursday, May 31st. Mizuho raised Teradata from an “underperform” rating to a “buy” rating in a research note on Wednesday, May 30th. ValuEngine raised Teradata from a “hold” rating to a “buy” rating in a research note on Friday, March 2nd. BMO Capital Markets dropped their price objective on Teradata from $42.00 to $40.00 and set a “market perform” rating on the stock in a research note on Friday, May 4th. Finally, Sanford C. Bernstein raised Teradata from an “underperform” rating to a “market perform” rating in a research note on Monday, March 5th. Three analysts have rated the stock with a sell rating, seven have issued a hold rating and six have issued a buy rating to the stock. Teradata presently has a consensus rating of “Hold” and an average price target of $36.64.
Teradata Company Profile
Teradata Corporation provides analytic data solutions and related services worldwide. The company operates through Americas Data and Analytics, and International Data and Analytics segments. Its analytic data solutions comprise software, hardware, and related business consulting and support services.
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