Mission Wealth Management LP Purchases 1,301 Shares of Teradata Co. (NYSE:TDC)

Mission Wealth Management LP boosted its stake in shares of Teradata Co. (NYSE:TDC) by 12.5% in the third quarter, according to the company in its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The firm owned 11,694 shares of the technology company’s stock after purchasing an additional 1,301 shares during the quarter. Mission Wealth Management LP’s holdings in Teradata were worth $265,000 at the end of the most recent reporting period.

Other hedge funds also recently added to or reduced their stakes in the company. Invesco Ltd. boosted its position in Teradata by 132.9% during the first quarter. Invesco Ltd. now owns 173,394 shares of the technology company’s stock worth $3,553,000 after purchasing an additional 98,938 shares during the period. Russell Investments Group Ltd. boosted its position in Teradata by 23.1% during the second quarter. Russell Investments Group Ltd. now owns 612,736 shares of the technology company’s stock worth $12,753,000 after purchasing an additional 114,840 shares during the period. First Quadrant L P CA bought a new position in Teradata during the second quarter worth $126,000. Federated Hermes Inc. boosted its position in Teradata by 471.7% during the second quarter. Federated Hermes Inc. now owns 121,851 shares of the technology company’s stock worth $2,535,000 after purchasing an additional 100,537 shares during the period. Finally, Geode Capital Management LLC boosted its position in Teradata by 1.1% during the first quarter. Geode Capital Management LLC now owns 1,236,964 shares of the technology company’s stock worth $25,345,000 after purchasing an additional 13,772 shares during the period.

TDC stock opened at $21.79 on Friday. The company has a market cap of $2.38 billion, a PE ratio of 22.01, a price-to-earnings-growth ratio of 2.77 and a beta of 0.98. The business has a 50-day simple moving average of $22.68 and a 200 day simple moving average of $21.94. Teradata Co. has a 52 week low of $17.62 and a 52 week high of $31.42. The company has a quick ratio of 1.03, a current ratio of 1.06 and a debt-to-equity ratio of 1.48.

Teradata (NYSE:TDC) last posted its quarterly earnings results on Thursday, August 6th. The technology company reported $0.24 EPS for the quarter, beating the Zacks’ consensus estimate of $0.21 by $0.03. The business had revenue of $457.00 million during the quarter, compared to the consensus estimate of $443.26 million. Teradata had a return on equity of 12.92% and a net margin of 6.07%. Teradata’s revenue for the quarter was down 4.4% compared to the same quarter last year. During the same quarter in the previous year, the firm earned $0.29 earnings per share. On average, analysts anticipate that Teradata Co. will post 0.5 EPS for the current fiscal year.

A number of brokerages have recently issued reports on TDC. Morgan Stanley boosted their target price on shares of Teradata from $33.00 to $36.00 and gave the company an “overweight” rating in a research report on Friday, August 7th. Citigroup boosted their target price on shares of Teradata from $28.00 to $29.00 and gave the company a “buy” rating in a research report on Monday, August 10th. BMO Capital Markets boosted their target price on shares of Teradata from $24.00 to $27.00 and gave the company a “market perform” rating in a research report on Monday, August 10th. Needham & Company LLC reissued a “hold” rating on shares of Teradata in a research report on Friday, August 7th. Finally, Barclays reissued a “sell” rating and issued a $17.00 target price on shares of Teradata in a research report on Monday, August 10th. Two analysts have rated the stock with a sell rating, seven have given a hold rating and two have given a buy rating to the company’s stock. Teradata presently has a consensus rating of “Hold” and a consensus price target of $27.00.

Teradata Profile

Teradata Corporation provides hybrid cloud analytics software. Its solutions and services comprise software, hardware, and related business consulting and support services to deliver analytics in company's analytical ecosystem. It operates through three segments: North America and Latin America region; Europe, Middle East and Africa region; and Asia Pacific and Japan region.

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Institutional Ownership by Quarter for Teradata (NYSE:TDC)

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