Paloma Partners Management Co raised its position in Teradata Co. (NYSE:TDC) by 53.7% during the fourth quarter, according to its most recent disclosure with the Securities and Exchange Commission. The firm owned 73,685 shares of the technology company’s stock after acquiring an additional 25,735 shares during the quarter. Paloma Partners Management Co owned approximately 0.06% of Teradata worth $2,834,000 at the end of the most recent quarter.
Several other hedge funds and other institutional investors also recently made changes to their positions in the stock. BlackRock Inc. increased its position in shares of Teradata by 1.1% during the fourth quarter. BlackRock Inc. now owns 10,925,922 shares of the technology company’s stock valued at $420,211,000 after buying an additional 118,571 shares during the period. Alyeska Investment Group L.P. increased its position in shares of Teradata by 259.2% during the third quarter. Alyeska Investment Group L.P. now owns 2,764,202 shares of the technology company’s stock valued at $93,402,000 after buying an additional 1,994,620 shares during the period. Jupiter Asset Management Ltd. boosted its stake in Teradata by 7.6% during the third quarter. Jupiter Asset Management Ltd. now owns 2,392,621 shares of the technology company’s stock worth $80,847,000 after acquiring an additional 169,000 shares in the last quarter. Thrivent Financial For Lutherans boosted its stake in Teradata by 6.3% during the fourth quarter. Thrivent Financial For Lutherans now owns 1,946,999 shares of the technology company’s stock worth $74,882,000 after acquiring an additional 116,162 shares in the last quarter. Finally, APG Asset Management N.V. boosted its stake in Teradata by 36.8% during the fourth quarter. APG Asset Management N.V. now owns 1,313,700 shares of the technology company’s stock worth $42,076,000 after acquiring an additional 353,300 shares in the last quarter. Institutional investors own 97.94% of the company’s stock.
Several equities research analysts recently commented on the stock. BMO Capital Markets boosted their price objective on shares of Teradata from $40.00 to $42.00 and gave the stock a “market perform” rating in a research note on Friday, February 9th. Wells Fargo & Co boosted their price objective on shares of Teradata from $27.50 to $30.00 and gave the stock an “underperform” rating in a research note on Friday, February 9th. Morgan Stanley raised shares of Teradata from an “underweight” rating to an “equal weight” rating and boosted their price objective for the stock from $31.00 to $40.00 in a research note on Tuesday, January 23rd. Mizuho reissued a “sell” rating and set a $32.00 price objective on shares of Teradata in a research note on Monday, January 22nd. Finally, Bank of America dropped their price objective on shares of Teradata from $48.00 to $45.00 and set a “buy” rating on the stock in a research note on Friday, February 9th. Four research analysts have rated the stock with a sell rating, nine have issued a hold rating and four have assigned a buy rating to the stock. The company has an average rating of “Hold” and an average price target of $34.82.
Teradata Co. (TDC) opened at $42.30 on Wednesday. The stock has a market cap of $5,195.98, a P/E ratio of 43.02, a PEG ratio of 13.32 and a beta of 1.27. Teradata Co. has a 52 week low of $27.05 and a 52 week high of $42.84. The company has a quick ratio of 1.62, a current ratio of 1.65 and a debt-to-equity ratio of 0.72.
Teradata (NYSE:TDC) last issued its earnings results on Thursday, February 8th. The technology company reported $0.58 earnings per share (EPS) for the quarter, topping the consensus estimate of $0.40 by $0.18. The firm had revenue of $626.00 million for the quarter, compared to the consensus estimate of $610.50 million. Teradata had a negative net margin of 3.11% and a positive return on equity of 15.54%. The business’s revenue was up .0% on a year-over-year basis. During the same quarter in the prior year, the firm posted $0.67 earnings per share. research analysts forecast that Teradata Co. will post 1.07 EPS for the current year.
Teradata declared that its Board of Directors has authorized a share buyback plan on Thursday, February 8th that authorizes the company to buyback $310.00 million in outstanding shares. This buyback authorization authorizes the technology company to buy shares of its stock through open market purchases. Stock buyback plans are usually an indication that the company’s leadership believes its shares are undervalued.
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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