PNC Financial Services Group Inc. Grows Stock Holdings in Teradata Corporation (NYSE:TDC)

PNC Financial Services Group Inc. grew its holdings in shares of Teradata Corporation (NYSE:TDC) by 99.9% in the 1st quarter, according to the company in its most recent disclosure with the Securities & Exchange Commission. The firm owned 11,265 shares of the technology company’s stock after buying an additional 5,630 shares during the quarter. PNC Financial Services Group Inc.’s holdings in Teradata were worth $253,000 at the end of the most recent quarter.

Several other institutional investors also recently bought and sold shares of the business. LSV Asset Management boosted its stake in shares of Teradata by 95.6% in the first quarter. LSV Asset Management now owns 1,588,999 shares of the technology company’s stock valued at $35,721,000 after purchasing an additional 776,799 shares during the period. Ameriprise Financial Inc. boosted its stake in shares of Teradata by 12.4% in the fourth quarter. Ameriprise Financial Inc. now owns 5,450,428 shares of the technology company’s stock valued at $169,756,000 after purchasing an additional 599,394 shares during the period. AQR Capital Management LLC boosted its stake in shares of Teradata by 17.2% in the fourth quarter. AQR Capital Management LLC now owns 2,839,658 shares of the technology company’s stock valued at $88,029,000 after purchasing an additional 416,585 shares during the period. Assenagon Asset Management S.A. boosted its stake in shares of Teradata by 42.2% in the first quarter. Assenagon Asset Management S.A. now owns 1,093,028 shares of the technology company’s stock valued at $24,571,000 after purchasing an additional 324,136 shares during the period. Finally, Northern Trust Corp boosted its stake in shares of Teradata by 30.5% in the fourth quarter. Northern Trust Corp now owns 1,101,181 shares of the technology company’s stock valued at $34,302,000 after purchasing an additional 257,649 shares during the period. 90.31% of the stock is currently owned by hedge funds and other institutional investors.

Wall Street Analysts Forecast Growth

Several research analysts have recently weighed in on the stock. Northland Capmk downgraded shares of Teradata from a “strong-buy” rating to a “hold” rating in a research note on Wednesday, May 7th. Wall Street Zen upgraded shares of Teradata from a “hold” rating to a “buy” rating in a research note on Saturday, June 14th. Northland Securities downgraded shares of Teradata from an “outperform” rating to a “market perform” rating and set a $21.00 price objective on the stock. in a research note on Wednesday, May 7th. UBS Group reduced their price objective on shares of Teradata from $24.00 to $23.00 and set a “neutral” rating on the stock in a research note on Wednesday, August 6th. Finally, Guggenheim reduced their price objective on shares of Teradata from $37.00 to $35.00 and set a “buy” rating on the stock in a research note on Wednesday, May 7th. One investment analyst has rated the stock with a sell rating, five have assigned a hold rating and four have given a buy rating to the company. According to MarketBeat.com, Teradata presently has a consensus rating of “Hold” and an average target price of $26.86.

Teradata Trading Down 0.2%

NYSE TDC opened at $21.12 on Friday. Teradata Corporation has a 12 month low of $18.43 and a 12 month high of $33.69. The company has a debt-to-equity ratio of 2.78, a current ratio of 0.84 and a quick ratio of 0.84. The company has a market capitalization of $2.00 billion, a price-to-earnings ratio of 18.69, a price-to-earnings-growth ratio of 5.02 and a beta of 0.83. The company’s fifty day moving average price is $21.79 and its two-hundred day moving average price is $22.74.

Teradata (NYSE:TDC) last issued its earnings results on Tuesday, August 5th. The technology company reported $0.47 earnings per share for the quarter, topping analysts’ consensus estimates of $0.41 by $0.06. The company had revenue of $408.00 million for the quarter, compared to analysts’ expectations of $399.73 million. Teradata had a net margin of 6.57% and a return on equity of 96.29%. The firm’s revenue was down 6.4% compared to the same quarter last year. During the same period in the prior year, the company earned $0.64 earnings per share. As a group, research analysts predict that Teradata Corporation will post 1.31 earnings per share for the current fiscal year.

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.