SG Americas Securities LLC Has $1.01 Million Position in Teradata Corporation (NYSE:TDC)

SG Americas Securities LLC raised its position in Teradata Corporation (NYSE:TDC) by 1,220.2% in the 1st quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission. The fund owned 45,019 shares of the technology company’s stock after purchasing an additional 41,609 shares during the quarter. SG Americas Securities LLC’s holdings in Teradata were worth $1,012,000 as of its most recent SEC filing.

A number of other hedge funds have also recently made changes to their positions in the company. Norges Bank acquired a new position in shares of Teradata in the fourth quarter valued at approximately $36,315,000. Victory Capital Management Inc. lifted its holdings in shares of Teradata by 742.5% during the fourth quarter. Victory Capital Management Inc. now owns 1,127,141 shares of the technology company’s stock worth $35,110,000 after purchasing an additional 993,358 shares during the period. Ameriprise Financial Inc. grew its stake in shares of Teradata by 12.4% in the fourth quarter. Ameriprise Financial Inc. now owns 5,450,428 shares of the technology company’s stock worth $169,756,000 after purchasing an additional 599,394 shares during the last quarter. AQR Capital Management LLC increased its holdings in Teradata by 17.2% in the fourth quarter. AQR Capital Management LLC now owns 2,839,658 shares of the technology company’s stock valued at $88,029,000 after purchasing an additional 416,585 shares during the period. Finally, Arrowstreet Capital Limited Partnership raised its position in Teradata by 470.0% during the 4th quarter. Arrowstreet Capital Limited Partnership now owns 495,539 shares of the technology company’s stock worth $15,436,000 after purchasing an additional 408,595 shares during the last quarter. 90.31% of the stock is owned by institutional investors and hedge funds.

Wall Street Analyst Weigh In

A number of research firms have commented on TDC. UBS Group upgraded Teradata from a “sell” rating to a “hold” rating and reduced their price target for the company from $26.00 to $24.00 in a research report on Friday, June 6th. Northland Securities downgraded Teradata from an “outperform” rating to a “market perform” rating and set a $21.00 price target for the company. in a report on Wednesday, May 7th. Northland Capmk downgraded Teradata from a “strong-buy” rating to a “hold” rating in a research note on Wednesday, May 7th. Wall Street Zen raised Teradata from a “hold” rating to a “buy” rating in a research note on Saturday. Finally, Guggenheim dropped their price target on Teradata from $37.00 to $35.00 and set a “buy” rating on the stock in a research note on Wednesday, May 7th. One investment analyst has rated the stock with a sell rating, six have assigned a hold rating and four have issued a buy rating to the stock. Based on data from MarketBeat, Teradata has a consensus rating of “Hold” and a consensus target price of $27.25.

Teradata Trading Up 0.5%

NYSE TDC opened at $22.14 on Wednesday. Teradata Corporation has a 52 week low of $18.43 and a 52 week high of $35.60. The business has a 50 day moving average price of $21.83 and a 200-day moving average price of $25.72. The company has a quick ratio of 0.82, a current ratio of 0.84 and a debt-to-equity ratio of 3.11. The company has a market cap of $2.12 billion, a price-to-earnings ratio of 15.59, a P/E/G ratio of 6.59 and a beta of 0.83.

Teradata (NYSE:TDC) last released its quarterly earnings data on Tuesday, May 6th. The technology company reported $0.66 earnings per share for the quarter, topping the consensus estimate of $0.57 by $0.09. Teradata had a net margin of 8.10% and a return on equity of 129.98%. The firm had revenue of $418.00 million for the quarter, compared to the consensus estimate of $423.85 million. During the same quarter in the prior year, the company posted $0.57 earnings per share. The business’s revenue was down 10.1% on a year-over-year basis. As a group, equities analysts expect that Teradata Corporation will post 1.31 earnings per share for the current fiscal year.

Teradata Company Profile

Teradata Corporation, together with its subsidiaries, provides a connected multi-cloud data platform for enterprise analytics. The company offers Teradata Vantage, an open and connected platform designed to leverage data across an enterprise. Its business consulting services include support services for organizations to establish a data and analytic vision, enable a multi-cloud ecosystem architecture, and identify and operationalize analytical opportunities, as well as to ensure the analytical infrastructure delivers value.