Lazard Asset Management LLC Has $2.92 Million Stock Holdings in Teradata Co. (NYSE:TDC)

Lazard Asset Management LLC lifted its stake in shares of Teradata Co. (NYSE:TDC) by 1,566.6% during the fourth quarter, Holdings Channel reports. The firm owned 93,715 shares of the technology company’s stock after purchasing an additional 88,092 shares during the quarter. Lazard Asset Management LLC’s holdings in Teradata were worth $2,918,000 at the end of the most recent quarter.

A number of other institutional investors and hedge funds also recently modified their holdings of the stock. Ameriprise Financial Inc. raised its position in shares of Teradata by 12.4% during 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 period. AQR Capital Management LLC raised its position in shares of Teradata by 17.2% during the fourth quarter. AQR Capital Management LLC now owns 2,839,658 shares of the technology company’s stock worth $88,029,000 after purchasing an additional 416,585 shares during the period. Pacer Advisors Inc. raised its position in shares of Teradata by 5.2% during the fourth quarter. Pacer Advisors Inc. now owns 2,179,728 shares of the technology company’s stock worth $67,899,000 after purchasing an additional 108,426 shares during the period. Charles Schwab Investment Management Inc. raised its position in Teradata by 8.1% during the fourth quarter. Charles Schwab Investment Management Inc. now owns 1,217,654 shares of the technology company’s stock valued at $37,930,000 after buying an additional 91,211 shares during the period. Finally, Norges Bank acquired a new position in Teradata during the fourth quarter valued at $36,315,000. 90.31% of the stock is owned by institutional investors and hedge funds.

Teradata Stock Down 0.9%

TDC opened at $22.91 on Friday. Teradata Co. has a fifty-two week low of $18.43 and a fifty-two week high of $35.60. The business has a 50-day moving average of $21.90 and a 200-day moving average of $27.02. The company has a debt-to-equity ratio of 3.65, a current ratio of 0.81 and a quick ratio of 0.79. The company has a market capitalization of $2.19 billion, a PE ratio of 19.58, a price-to-earnings-growth ratio of 6.23 and a beta of 0.80.

Teradata (NYSE:TDC) last posted its quarterly earnings results on Tuesday, May 6th. The technology company reported $0.66 earnings per share for the quarter, topping analysts’ consensus estimates of $0.57 by $0.09. Teradata had a return on equity of 149.16% and a net margin of 6.51%. The company had revenue of $418.00 million during the quarter, compared to the consensus estimate of $423.85 million. During the same period last year, the business earned $0.57 EPS. The business’s quarterly revenue was down 10.1% on a year-over-year basis. Equities research analysts forecast that Teradata Co. will post 1.31 EPS for the current fiscal year.

Analyst Upgrades and Downgrades

Several research firms recently weighed in on TDC. Royal Bank of Canada dropped their price target on Teradata from $32.00 to $29.00 and set a “sector perform” rating on the stock in a research report on Wednesday, February 12th. Northland Capmk lowered Teradata from a “strong-buy” rating to a “hold” rating in a research report on Wednesday, May 7th. Morgan Stanley raised Teradata from an “equal weight” rating to an “overweight” rating and set a $26.00 price target on the stock in a research report on Tuesday, April 8th. Barclays dropped their price target on Teradata from $25.00 to $22.00 and set an “underweight” rating on the stock in a research report on Monday, April 21st. Finally, Evercore ISI dropped their price target on Teradata from $37.00 to $32.00 and set an “outperform” rating on the stock in a research report on Wednesday, February 12th. Two investment analysts have rated the stock with a sell rating, five have given a hold rating and four have given a buy rating to the stock. According to MarketBeat, Teradata presently has an average rating of “Hold” and a consensus price target of $27.50.

About Teradata

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.