Bank of New York Mellon Corp Raises Stock Position in Teradata Co. (NYSE:TDC)

Bank of New York Mellon Corp raised its stake in shares of Teradata Co. (NYSE:TDC) by 10.6% during the 2nd quarter, according to the company in its most recent Form 13F filing with the Securities & Exchange Commission. The institutional investor owned 1,013,089 shares of the technology company’s stock after purchasing an additional 96,697 shares during the period. Bank of New York Mellon Corp owned 1.05% of Teradata worth $35,012,000 at the end of the most recent quarter.

Several other institutional investors have also modified their holdings of the stock. Russell Investments Group Ltd. lifted its stake in Teradata by 2.4% in the 4th quarter. Russell Investments Group Ltd. now owns 77,628 shares of the technology company’s stock valued at $3,379,000 after buying an additional 1,815 shares in the last quarter. Kestra Private Wealth Services LLC acquired a new stake in shares of Teradata in the fourth quarter worth approximately $289,000. Natixis Advisors L.P. increased its position in shares of Teradata by 4.2% during the fourth quarter. Natixis Advisors L.P. now owns 13,197 shares of the technology company’s stock worth $574,000 after purchasing an additional 535 shares in the last quarter. Amalgamated Bank raised its stake in Teradata by 5.3% in the 4th quarter. Amalgamated Bank now owns 81,264 shares of the technology company’s stock valued at $3,536,000 after purchasing an additional 4,123 shares during the last quarter. Finally, Private Advisor Group LLC lifted its holdings in Teradata by 18.4% in the 4th quarter. Private Advisor Group LLC now owns 6,763 shares of the technology company’s stock valued at $294,000 after purchasing an additional 1,053 shares in the last quarter. Institutional investors and hedge funds own 90.31% of the company’s stock.

Analysts Set New Price Targets

A number of equities research analysts have recently commented on the stock. Guggenheim reiterated a “buy” rating and issued a $60.00 target price on shares of Teradata in a research report on Tuesday, June 25th. Evercore ISI decreased their target price on shares of Teradata from $46.00 to $34.00 and set an “outperform” rating on the stock in a research note on Tuesday, August 6th. StockNews.com upgraded Teradata from a “buy” rating to a “strong-buy” rating in a research report on Tuesday, August 6th. Royal Bank of Canada cut their price target on Teradata from $40.00 to $32.00 and set a “sector perform” rating for the company in a report on Tuesday, August 6th. Finally, Northland Securities lowered their price objective on Teradata from $49.00 to $38.00 and set an “outperform” rating on the stock in a research note on Tuesday, August 6th. Three research analysts have rated the stock with a sell rating, four have issued a hold rating, four have given a buy rating and one has assigned a strong buy rating to the company’s stock. According to data from MarketBeat, the company currently has a consensus rating of “Hold” and a consensus target price of $40.36.

Teradata Stock Performance

NYSE TDC opened at $28.24 on Tuesday. The stock has a market cap of $2.71 billion, a PE ratio of 67.24, a P/E/G ratio of 2.62 and a beta of 0.80. Teradata Co. has a twelve month low of $24.02 and a twelve month high of $49.44. The stock has a fifty day simple moving average of $30.74 and a 200-day simple moving average of $34.10. The company has a current ratio of 0.75, a quick ratio of 0.72 and a debt-to-equity ratio of 6.87.

Teradata (NYSE:TDC) last announced its earnings results on Monday, August 5th. The technology company reported $0.64 earnings per share for the quarter, topping the consensus estimate of $0.48 by $0.16. The company had revenue of $436.00 million during the quarter, compared to analyst estimates of $447.30 million. Teradata had a net margin of 3.45% and a return on equity of 114.57%. Teradata’s revenue was down 5.6% compared to the same quarter last year. During the same quarter last year, the firm posted $0.20 earnings per share. Equities analysts anticipate that Teradata Co. will post 1.3 earnings per share for the current 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.