MERIAN GLOBAL INVESTORS UK Ltd bought a new stake in shares of Teradata Co. (NYSE:TDC) in the 3rd quarter, Holdings Channel reports. The institutional investor bought 111,342 shares of the technology company’s stock, valued at approximately $4,198,000.
Other institutional investors have also modified their holdings of the company. Contravisory Investment Management Inc. raised its position in shares of Teradata by 924.9% during the 3rd quarter. Contravisory Investment Management Inc. now owns 3,628 shares of the technology company’s stock valued at $137,000 after acquiring an additional 3,274 shares during the last quarter. Barrow Hanley Mewhinney & Strauss LLC raised its position in shares of Teradata by 64.9% during the 1st quarter. Barrow Hanley Mewhinney & Strauss LLC now owns 3,714 shares of the technology company’s stock valued at $148,000 after acquiring an additional 1,462 shares during the last quarter. Everett Harris & Co. CA bought a new stake in shares of Teradata during the 2nd quarter valued at $201,000. Sumitomo Mitsui Asset Management Company LTD bought a new stake in shares of Teradata during the 3rd quarter valued at $250,000. Finally, Cubist Systematic Strategies LLC bought a new stake in shares of Teradata during the 1st quarter valued at $251,000. Institutional investors own 98.98% of the company’s stock.
Several analysts have commented on the stock. Barclays upped their target price on shares of Teradata from $31.00 to $34.00 and gave the company an “underweight” rating in a research report on Friday, September 7th. Zacks Investment Research cut shares of Teradata from a “hold” rating to a “sell” rating in a research report on Tuesday, August 7th. Stifel Nicolaus upped their target price on shares of Teradata from $49.00 to $53.00 and gave the company a “buy” rating in a research report on Friday, August 3rd. Standpoint Research cut shares of Teradata from a “buy” rating to a “hold” rating and set a $58.00 target price for the company. in a research report on Tuesday, July 24th. Finally, Citigroup initiated coverage on shares of Teradata in a research report on Thursday, June 28th. They set a “neutral” rating and a $42.00 target price for the company. Four equities research analysts have rated the stock with a sell rating, six have given a hold rating and six have assigned a buy rating to the company’s stock. Teradata presently has a consensus rating of “Hold” and an average target price of $40.33.
TDC opened at $35.20 on Friday. The company has a debt-to-equity ratio of 0.86, a current ratio of 1.79 and a quick ratio of 1.75. Teradata Co. has a 12 month low of $32.13 and a 12 month high of $44.27. The firm has a market capitalization of $4.22 billion, a P/E ratio of 43.46, a PEG ratio of 4.47 and a beta of 1.07.
Teradata (NYSE:TDC) last released its quarterly earnings data on Thursday, August 2nd. The technology company reported $0.26 EPS for the quarter, beating the Zacks’ consensus estimate of $0.19 by $0.07. Teradata had a negative net margin of 2.91% and a positive return on equity of 16.91%. The business had revenue of $544.00 million during the quarter, compared to analysts’ expectations of $524.28 million. During the same quarter in the prior year, the company earned $0.22 EPS. The firm’s quarterly revenue was up 6.0% on a year-over-year basis. As a group, sell-side analysts forecast that Teradata Co. will post 0.78 earnings per share for the current fiscal year.
In related news, EVP Daniel L. Harrington sold 13,000 shares of the company’s stock in a transaction on Monday, August 13th. The shares were sold at an average price of $40.35, for a total value of $524,550.00. Following the completion of the sale, the executive vice president now owns 92,995 shares in the company, valued at approximately $3,752,348.25. The transaction was disclosed in a filing with the SEC, which is available through this link. 1.22% of the stock is owned by corporate insiders.
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.
Read More: Is the Dow Jones Industrial Average (DJIA) still relevant?
Want to see what other hedge funds are holding TDC? Visit HoldingsChannel.com to get the latest 13F filings and insider trades for Teradata Co. (NYSE:TDC).
Receive News & Ratings for Teradata Daily - Enter your email address below to receive a concise daily summary of the latest news and analysts' ratings for Teradata and related companies with MarketBeat.com's FREE daily email newsletter.