Merit Financial Group LLC bought a new position in shares of Teradata Co. (NYSE:TDC – Free Report) in the 4th quarter, according to its most recent filing with the Securities and Exchange Commission (SEC). The firm bought 10,143 shares of the technology company’s stock, valued at approximately $316,000.
A number of other hedge funds have also recently made changes to their positions in TDC. Point72 Asset Management L.P. bought a new position in shares of Teradata during the 3rd quarter worth $27,000. GAMMA Investing LLC lifted its stake in Teradata by 88.0% in the third quarter. GAMMA Investing LLC now owns 955 shares of the technology company’s stock worth $29,000 after acquiring an additional 447 shares during the period. Brooklyn Investment Group bought a new position in Teradata during the 3rd quarter worth about $32,000. Allworth Financial LP increased its position in Teradata by 75.2% during the 3rd quarter. Allworth Financial LP now owns 1,326 shares of the technology company’s stock valued at $40,000 after purchasing an additional 569 shares during the period. Finally, International Assets Investment Management LLC raised its holdings in shares of Teradata by 2,934.1% in the 3rd quarter. International Assets Investment Management LLC now owns 1,335 shares of the technology company’s stock valued at $44,000 after purchasing an additional 1,291 shares in the last quarter. 90.31% of the stock is currently owned by institutional investors.
Wall Street Analysts Forecast Growth
TDC has been the topic of a number of recent research reports. Royal Bank of Canada reiterated a “sector perform” rating and set a $32.00 price objective on shares of Teradata in a research note on Tuesday, November 5th. UBS Group lifted their price target on Teradata from $24.00 to $26.00 and gave the company a “sell” rating in a report on Tuesday, November 5th. Barclays boosted their price target on Teradata from $29.00 to $30.00 and gave the stock an “underweight” rating in a research report on Friday, December 6th. Evercore ISI raised their price objective on Teradata from $34.00 to $37.00 and gave the company an “outperform” rating in a research report on Tuesday, October 15th. Finally, Northland Securities reduced their target price on shares of Teradata from $38.00 to $37.00 and set an “outperform” rating for the company in a report on Tuesday, November 5th. Three investment analysts have rated the stock with a sell rating, four have given a hold rating, four have assigned a buy rating and one has issued a strong buy rating to the company. According to MarketBeat, the stock presently has an average rating of “Hold” and a consensus price target of $40.00.
Teradata Stock Down 0.8 %
TDC stock opened at $31.92 on Friday. The stock has a market capitalization of $3.06 billion, a PE ratio of 38.00, a price-to-earnings-growth ratio of 3.32 and a beta of 0.79. Teradata Co. has a 52 week low of $24.02 and a 52 week high of $49.44. The company has a quick ratio of 0.79, a current ratio of 0.80 and a debt-to-equity ratio of 4.01. The firm has a 50 day moving average of $31.43 and a 200 day moving average of $30.50.
Teradata (NYSE:TDC – Get Free Report) last announced its quarterly earnings data on Monday, November 4th. The technology company reported $0.69 earnings per share for the quarter, beating analysts’ consensus estimates of $0.56 by $0.13. The firm had revenue of $440.00 million for the quarter, compared to analyst estimates of $417.71 million. Teradata had a net margin of 4.56% and a return on equity of 145.40%. The business’s quarterly revenue was up .5% compared to the same quarter last year. During the same period in the previous year, the company earned $0.14 earnings per share. Sell-side analysts forecast that Teradata Co. will post 1.41 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.
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