GAMMA Investing LLC Has $103,000 Stake in Teradata Corporation (NYSE:TDC)

GAMMA Investing LLC lifted its position in shares of Teradata Corporation (NYSE:TDC) by 150.9% during the first quarter, according to its most recent disclosure with the Securities & Exchange Commission. The firm owned 4,589 shares of the technology company’s stock after purchasing an additional 2,760 shares during the quarter. GAMMA Investing LLC’s holdings in Teradata were worth $103,000 at the end of the most recent reporting period.

A number of other institutional investors also recently modified their holdings of TDC. Norges Bank acquired a new position in shares of Teradata during the fourth quarter worth approximately $36,315,000. Victory Capital Management Inc. raised its position in shares of Teradata by 742.5% during the fourth quarter. Victory Capital Management Inc. now owns 1,127,141 shares of the technology company’s stock worth $35,110,000 after purchasing an additional 993,358 shares during the period. Ameriprise Financial Inc. grew its holdings in Teradata by 12.4% during the fourth quarter. Ameriprise Financial Inc. now owns 5,450,428 shares of the technology company’s stock worth $169,756,000 after buying an additional 599,394 shares in the last quarter. AQR Capital Management LLC grew its holdings in Teradata by 17.2% during the fourth quarter. AQR Capital Management LLC now owns 2,839,658 shares of the technology company’s stock worth $88,029,000 after buying an additional 416,585 shares in the last quarter. Finally, Arrowstreet Capital Limited Partnership grew its holdings in Teradata by 470.0% during the fourth quarter. Arrowstreet Capital Limited Partnership now owns 495,539 shares of the technology company’s stock worth $15,436,000 after buying an additional 408,595 shares in the last quarter. 90.31% of the stock is owned by institutional investors and hedge funds.

Teradata Stock Up 0.1%

Shares of NYSE:TDC opened at $23.21 on Monday. The company has a market capitalization of $2.22 billion, a PE ratio of 16.35, a price-to-earnings-growth ratio of 6.94 and a beta of 0.83. The company has a debt-to-equity ratio of 3.11, a current ratio of 0.84 and a quick ratio of 0.82. The business has a fifty day moving average price of $22.23 and a two-hundred day moving average price of $24.76. Teradata Corporation has a 1 year low of $18.43 and a 1 year high of $35.60.

Teradata (NYSE:TDC) last announced its quarterly earnings data 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 firm had revenue of $418.00 million during the quarter, compared to the consensus estimate of $423.85 million. Teradata had a return on equity of 129.98% and a net margin of 8.10%. The business’s revenue for the quarter was down 10.1% on a year-over-year basis. During the same quarter in the prior year, the company earned $0.57 EPS. Analysts forecast that Teradata Corporation will post 1.31 earnings per share for the current year.

Analyst Upgrades and Downgrades

Several equities research analysts recently issued reports on the company. Northland Securities downgraded Teradata from an “outperform” rating to a “market perform” rating and set a $21.00 price target for the company. in a report on Wednesday, May 7th. Morgan Stanley upgraded Teradata from an “equal weight” rating to an “overweight” rating and set a $26.00 price target for the company in a report on Tuesday, April 8th. UBS Group upgraded Teradata from a “sell” rating to a “hold” rating and decreased their price target for the stock from $26.00 to $24.00 in a report on Friday, June 6th. Northland Capmk downgraded Teradata from a “strong-buy” rating to a “hold” rating in a report on Wednesday, May 7th. Finally, Wall Street Zen upgraded Teradata from a “hold” rating to a “buy” rating in a report on Saturday, June 14th. One investment analyst has rated the stock with a sell rating, six have given a hold rating and four have assigned a buy rating to the stock. According to MarketBeat.com, Teradata currently has an average rating of “Hold” and a consensus target price of $27.25.

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.