Teradata Corporation Sees Unusually Large Options Volume (TDC)
Teradata Corporation (NYSE:TDC) was the recipient of unusually large options trading on Wednesday. Stock investors purchased 1,784 call options on the company. This is an increase of Infinity compared to the typical volume of 0 call options.
Institutional investors and hedge funds have recently modified their holdings of the business. Legal & General Group Plc boosted its stake in Teradata Corporation by 19.7% in the second quarter. Legal & General Group Plc now owns 163,021 shares of the technology company’s stock worth $4,809,000 after buying an additional 26,822 shares in the last quarter. Jensen Investment Management Inc. boosted its stake in Teradata Corporation by 24.2% in the second quarter. Jensen Investment Management Inc. now owns 20,420 shares of the technology company’s stock worth $602,000 after buying an additional 3,980 shares in the last quarter. Burney Co. boosted its stake in Teradata Corporation by 8.8% in the second quarter. Burney Co. now owns 53,695 shares of the technology company’s stock worth $1,603,000 after buying an additional 4,334 shares in the last quarter. Riverhead Capital Management LLC boosted its stake in Teradata Corporation by 87.3% in the second quarter. Riverhead Capital Management LLC now owns 81,878 shares of the technology company’s stock worth $2,415,000 after buying an additional 38,156 shares in the last quarter. Finally, Bank of America Corp DE boosted its stake in Teradata Corporation by 26.6% in the first quarter. Bank of America Corp DE now owns 866,272 shares of the technology company’s stock worth $26,959,000 after buying an additional 181,867 shares in the last quarter.
Shares of Teradata Corporation (TDC) opened at $36.09 on Friday. The stock has a market cap of $4,850.71, a price-to-earnings ratio of 33.09, a price-to-earnings-growth ratio of 7.74 and a beta of 1.23. The company has a debt-to-equity ratio of 0.69, a current ratio of 1.61 and a quick ratio of 1.90.
Teradata Corporation (NYSE:TDC) last issued its earnings results on Thursday, November 2nd. The technology company reported $0.29 earnings per share (EPS) for the quarter, topping the Thomson Reuters’ consensus estimate of $0.12 by $0.17. The business had revenue of $526.00 million during the quarter, compared to analyst estimates of $511.23 million. Teradata Corporation had a return on equity of 16.47% and a net margin of 3.01%. Teradata Corporation’s revenue for the quarter was down 4.7% on a year-over-year basis. During the same quarter in the prior year, the firm earned $0.69 earnings per share. equities analysts predict that Teradata Corporation will post 0.9 EPS for the current year.
A number of equities research analysts recently issued reports on the company. BMO Capital Markets raised their price target on Teradata Corporation from $32.00 to $40.00 and gave the stock a “market perform” rating in a research note on Friday. Morgan Stanley raised their price target on Teradata Corporation from $29.00 to $31.00 and gave the stock an “underweight” rating in a research note on Friday. Mizuho raised their price target on Teradata Corporation from $26.00 to $32.00 and gave the stock an “underperform” rating in a research note on Thursday. Deutsche Bank AG raised their price target on Teradata Corporation from $30.00 to $32.00 and gave the stock a “hold” rating in a research note on Tuesday, October 24th. Finally, Royal Bank Of Canada reissued a “hold” rating and set a $30.00 price target on shares of Teradata Corporation in a research note on Wednesday, October 18th. Five investment analysts have rated the stock with a sell rating, ten have issued a hold rating and one has assigned a buy rating to the stock. The company currently has a consensus rating of “Hold” and a consensus price target of $30.70.
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About Teradata Corporation
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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