Nuveen LLC Buys New Stake in Teradata Corporation $TDC

Nuveen LLC acquired a new position in Teradata Corporation (NYSE:TDC) in the first quarter, according to the company in its most recent filing with the Securities & Exchange Commission. The institutional investor acquired 1,117,238 shares of the technology company’s stock, valued at approximately $25,116,000. Nuveen LLC owned 1.17% of Teradata as of its most recent filing with the Securities & Exchange Commission.

A number of other large investors have also modified their holdings of the company. Vanguard Group Inc. raised its position in shares of Teradata by 5.6% in the first quarter. Vanguard Group Inc. now owns 13,774,843 shares of the technology company’s stock worth $309,658,000 after acquiring an additional 728,333 shares during the period. Ameriprise Financial Inc. raised its position 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 acquiring an additional 599,394 shares during the period. AQR Capital Management LLC raised its position in shares of Teradata by 17.2% in the fourth quarter. AQR Capital Management LLC now owns 2,839,658 shares of the technology company’s stock worth $88,029,000 after acquiring an additional 416,585 shares during the period. LSV Asset Management raised its position in shares of Teradata by 95.6% in the first quarter. LSV Asset Management now owns 1,588,999 shares of the technology company’s stock worth $35,721,000 after acquiring an additional 776,799 shares during the period. Finally, Charles Schwab Investment Management Inc. raised its position in shares of Teradata by 10.0% in the first quarter. Charles Schwab Investment Management Inc. now owns 1,339,577 shares of the technology company’s stock worth $30,114,000 after acquiring an additional 121,923 shares during the period. Institutional investors and hedge funds own 90.31% of the company’s stock.

Analyst Upgrades and Downgrades

A number of research analysts have weighed in on TDC shares. Guggenheim decreased their price objective on shares of Teradata from $37.00 to $35.00 and set a “buy” rating for the company in a research report on Wednesday, May 7th. UBS Group reduced their price target on shares of Teradata from $24.00 to $23.00 and set a “neutral” rating for the company in a research report on Wednesday, August 6th. Wall Street Zen upgraded shares of Teradata from a “hold” rating to a “buy” rating in a research report on Saturday, June 14th. Northland Securities downgraded shares of Teradata from an “outperform” rating to a “market perform” rating and set a $21.00 price target for the company. in a research report on Wednesday, May 7th. Finally, Barclays reduced their price target on shares of Teradata from $25.00 to $22.00 and set an “underweight” rating for the company in a research report on Monday, April 21st. One analyst has rated the stock with a sell rating, five have assigned a hold rating and four have given a buy rating to the company. Based on data from MarketBeat, the company presently has a consensus rating of “Hold” and a consensus target price of $26.86.

Teradata Stock Down 0.2%

Shares of NYSE TDC opened at $21.12 on Monday. Teradata Corporation has a 12-month low of $18.43 and a 12-month high of $33.69. The stock has a market cap of $2.00 billion, a PE ratio of 18.69, a P/E/G ratio of 5.02 and a beta of 0.83. The company has a current ratio of 0.84, a quick ratio of 0.84 and a debt-to-equity ratio of 2.78. The company has a 50-day moving average of $21.79 and a 200 day moving average of $22.67.

Teradata (NYSE:TDC) last announced its quarterly earnings data on Tuesday, August 5th. The technology company reported $0.47 earnings per share (EPS) for the quarter, beating the consensus estimate of $0.41 by $0.06. Teradata had a net margin of 6.57% and a return on equity of 96.29%. The company had revenue of $408.00 million during the quarter, compared to analysts’ expectations of $399.73 million. During the same quarter in the prior year, the company earned $0.64 EPS. Teradata’s revenue was down 6.4% compared to the same quarter last year. As a group, sell-side analysts predict that Teradata Corporation will post 1.31 EPS for the current fiscal year.

Teradata 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.