Ieq Capital LLC Increases Stock Position in Teradata Co. (NYSE:TDC)

Ieq Capital LLC grew its position in shares of Teradata Co. (NYSE:TDC) by 751.4% in the 4th quarter, according to the company in its most recent Form 13F filing with the Securities and Exchange Commission. The fund owned 77,120 shares of the technology company’s stock after acquiring an additional 68,062 shares during the period. Ieq Capital LLC owned about 0.08% of Teradata worth $2,402,000 as of its most recent SEC filing.

Several other large investors also recently modified their holdings of the business. Point72 Asset Management L.P. purchased a new stake in Teradata in the 3rd quarter worth approximately $27,000. Brooklyn Investment Group purchased a new position in Teradata during the 3rd quarter valued at $32,000. Independence Bank of Kentucky bought a new position in Teradata in the 4th quarter worth $37,000. Allworth Financial LP increased its position in shares of Teradata by 75.2% during the third quarter. Allworth Financial LP now owns 1,326 shares of the technology company’s stock valued at $40,000 after buying an additional 569 shares during the period. Finally, International Assets Investment Management LLC raised its stake in Teradata by 2,934.1% in the third quarter. International Assets Investment Management LLC now owns 1,335 shares of the technology company’s stock worth $44,000 after buying an additional 1,291 shares in the last quarter. 90.31% of the stock is owned by institutional investors.

Wall Street Analyst Weigh In

TDC has been the topic of several research reports. Evercore ISI reduced their target price on Teradata from $37.00 to $32.00 and set an “outperform” rating on the stock in a report on Wednesday, February 12th. Guggenheim reduced their price target on Teradata from $42.00 to $37.00 and set a “buy” rating on the stock in a research note on Wednesday, February 12th. JMP Securities reissued a “market perform” rating on shares of Teradata in a research report on Thursday, February 13th. Northland Securities reduced their target price on shares of Teradata from $38.00 to $37.00 and set an “outperform” rating on the stock in a research report on Tuesday, November 5th. Finally, Royal Bank of Canada lowered their price target on shares of Teradata from $32.00 to $29.00 and set a “sector perform” rating for the company in a research report on Wednesday, February 12th. Three analysts have rated the stock with a sell rating, four have issued a hold rating and four have given a buy rating to the company’s stock. Based on data from MarketBeat, Teradata has an average rating of “Hold” and an average price target of $34.40.

Teradata Stock Performance

Shares of TDC opened at $23.34 on Monday. The company has a market cap of $2.23 billion, a price-to-earnings ratio of 19.94, a P/E/G ratio of 6.23 and a beta of 0.78. The business’s fifty day simple moving average is $30.40 and its two-hundred day simple moving average is $30.05. Teradata Co. has a 12 month low of $22.73 and a 12 month high of $39.70. The company has a current ratio of 0.81, a quick ratio of 0.79 and a debt-to-equity ratio of 3.65.

Teradata (NYSE:TDC) last released its quarterly earnings data on Tuesday, February 11th. The technology company reported $0.30 EPS for the quarter, missing the consensus estimate of $0.44 by ($0.14). Teradata had a return on equity of 149.16% and a net margin of 6.51%. Research analysts anticipate that Teradata Co. 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.