Mercer Global Advisors Inc. ADV Takes Position in Teradata Co. (NYSE:TDC)

Mercer Global Advisors Inc. ADV acquired a new stake in shares of Teradata Co. (NYSE:TDC) during the fourth quarter, according to the company in its most recent Form 13F filing with the Securities and Exchange Commission. The institutional investor acquired 7,632 shares of the technology company’s stock, valued at approximately $238,000.

A number of other hedge funds have also made changes to their positions in TDC. Barclays PLC increased its holdings in shares of Teradata by 49.2% during the 3rd quarter. Barclays PLC now owns 169,687 shares of the technology company’s stock valued at $5,150,000 after acquiring an additional 55,979 shares during the last quarter. Wealth Enhancement Advisory Services LLC boosted its stake in Teradata by 2.3% during the 4th quarter. Wealth Enhancement Advisory Services LLC now owns 20,383 shares of the technology company’s stock valued at $618,000 after purchasing an additional 455 shares during the period. Assenagon Asset Management S.A. boosted its stake in Teradata by 73.0% during the 4th quarter. Assenagon Asset Management S.A. now owns 768,892 shares of the technology company’s stock valued at $23,951,000 after purchasing an additional 324,442 shares during the period. Merit Financial Group LLC bought a new stake in Teradata during the 4th quarter valued at approximately $316,000. Finally, Impact Partnership Wealth LLC bought a new stake in Teradata during the 4th quarter valued at approximately $224,000. Institutional investors and hedge funds own 90.31% of the company’s stock.

Teradata Price Performance

Shares of TDC stock opened at $22.91 on Friday. The stock has a 50 day moving average of $21.90 and a two-hundred day moving average of $27.02. The company has a current ratio of 0.81, a quick ratio of 0.79 and a debt-to-equity ratio of 3.65. Teradata Co. has a 12 month low of $18.43 and a 12 month high of $35.60. The company has a market capitalization of $2.19 billion, a P/E ratio of 19.58, a P/E/G ratio of 6.23 and a beta of 0.80.

Teradata (NYSE:TDC) last issued its earnings results on Tuesday, May 6th. The technology company reported $0.66 earnings per share (EPS) 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 business had revenue of $418.00 million during the quarter, compared to analysts’ expectations of $423.85 million. During the same period in the prior year, the firm posted $0.57 EPS. Teradata’s quarterly revenue was down 10.1% compared to the same quarter last year. As a group, equities analysts expect that Teradata Co. will post 1.31 EPS for the current year.

Analysts Set New Price Targets

Several analysts recently weighed in on TDC shares. Northland Securities downgraded Teradata from an “outperform” rating to a “market perform” rating and set a $21.00 target price for the company. in a research note on Wednesday, May 7th. StockNews.com downgraded Teradata from a “strong-buy” rating to a “buy” rating in a research note on Tuesday, April 8th. Royal Bank of Canada decreased their target price on Teradata from $32.00 to $29.00 and set a “sector perform” rating for the company in a research note on Wednesday, February 12th. JMP Securities reiterated a “market perform” rating on shares of Teradata in a research report on Thursday, February 13th. Finally, Northland Capmk downgraded Teradata from a “strong-buy” rating to a “hold” rating in a research report on Wednesday, May 7th. Two analysts have rated the stock with a sell rating, five have assigned a hold rating and four have issued a buy rating to the company’s stock. According to data from MarketBeat, the company has an average rating of “Hold” and an average 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.