Strategic Global Advisors LLC Acquires Shares of 71,833 Teradata Co. (NYSE:TDC)

Strategic Global Advisors LLC bought a new stake in Teradata Co. (NYSE:TDC) in the fourth quarter, according to its most recent disclosure with the Securities & Exchange Commission. The institutional investor bought 71,833 shares of the technology company’s stock, valued at approximately $2,238,000. Strategic Global Advisors LLC owned about 0.08% of Teradata as of its most recent filing with the Securities & Exchange Commission.

Several other hedge funds have also made changes to their positions in the business. Raiffeisen Bank International AG acquired a new position in Teradata in the 4th quarter valued at about $117,000. ProShare Advisors LLC grew its stake in shares of Teradata by 14.2% in the 4th quarter. ProShare Advisors LLC now owns 13,041 shares of the technology company’s stock valued at $406,000 after purchasing an additional 1,619 shares during the last quarter. Quantedge Capital Pte Ltd acquired a new position in shares of Teradata in the fourth quarter valued at approximately $2,744,000. Quantinno Capital Management LP increased its holdings in shares of Teradata by 84.8% in the fourth quarter. Quantinno Capital Management LP now owns 143,859 shares of the technology company’s stock valued at $4,481,000 after purchasing an additional 66,021 shares during the period. Finally, Man Group plc raised its stake in shares of Teradata by 34.1% during the fourth quarter. Man Group plc now owns 495,372 shares of the technology company’s stock worth $15,431,000 after purchasing an additional 125,985 shares during the last quarter. Institutional investors and hedge funds own 90.31% of the company’s stock.

Analysts Set New Price Targets

TDC has been the topic of a number of analyst reports. Morgan Stanley upgraded shares of Teradata from an “equal weight” rating to an “overweight” rating and set a $26.00 price objective on the stock in a research report on Tuesday, April 8th. Royal Bank of Canada reduced their target price on shares of Teradata from $32.00 to $29.00 and set a “sector perform” rating for the company in a research note on Wednesday, February 12th. StockNews.com lowered shares of Teradata from a “strong-buy” rating to a “buy” rating in a research note on Tuesday, April 8th. Evercore ISI cut their price target on shares of Teradata from $37.00 to $32.00 and set an “outperform” rating for the company in a report on Wednesday, February 12th. Finally, Northland Securities downgraded shares of Teradata from an “outperform” rating to a “market perform” rating and set a $21.00 price objective for the company. in a research report on Wednesday, May 7th. Two equities research 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.com, Teradata has an average rating of “Hold” and a consensus price target of $27.50.

Teradata Stock Down 0.9%

Shares of NYSE TDC opened at $22.91 on Friday. The stock has a market capitalization of $2.19 billion, a price-to-earnings ratio of 19.58, a price-to-earnings-growth ratio of 6.23 and a beta of 0.80. Teradata Co. has a 52 week low of $18.43 and a 52 week high of $35.60. The firm has a 50-day moving average price of $21.90 and a 200 day moving average price of $26.99. The company has a quick ratio of 0.79, a current ratio of 0.81 and a debt-to-equity ratio of 3.65.

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