Invesco Ltd. grew its stake in shares of Teradata Corporation (NYSE:TDC – Free Report) by 83.4% during the 1st quarter, according to the company in its most recent disclosure with the Securities & Exchange Commission. The firm owned 455,700 shares of the technology company’s stock after buying an additional 207,268 shares during the period. Invesco Ltd. owned 0.48% of Teradata worth $10,244,000 at the end of the most recent reporting period.
Several other hedge funds and other institutional investors have also recently modified their holdings of the stock. Zions Bancorporation National Association UT bought a new stake in shares of Teradata during the first quarter valued at about $76,000. Townsquare Capital LLC increased its position in shares of Teradata by 4.6% during the first quarter. Townsquare Capital LLC now owns 106,838 shares of the technology company’s stock valued at $2,402,000 after buying an additional 4,700 shares during the period. Citigroup Inc. increased its position in shares of Teradata by 23.2% during the first quarter. Citigroup Inc. now owns 390,345 shares of the technology company’s stock valued at $8,775,000 after buying an additional 73,436 shares during the period. Mitsubishi UFJ Asset Management Co. Ltd. increased its position in shares of Teradata by 63.4% during the first quarter. Mitsubishi UFJ Asset Management Co. Ltd. now owns 35,689 shares of the technology company’s stock valued at $802,000 after buying an additional 13,847 shares during the period. Finally, Maryland State Retirement & Pension System bought a new stake in shares of Teradata during the first quarter valued at about $752,000. 90.31% of the stock is currently owned by institutional investors.
Teradata Price Performance
Shares of Teradata stock opened at $21.3850 on Monday. The business has a 50 day moving average of $21.67 and a 200 day moving average of $22.30. The company has a quick ratio of 0.84, a current ratio of 0.84 and a debt-to-equity ratio of 2.78. The company has a market cap of $2.02 billion, a PE ratio of 18.92, a P/E/G ratio of 5.10 and a beta of 0.83. Teradata Corporation has a 52 week low of $18.43 and a 52 week high of $33.69.
Analysts Set New Price Targets
Several brokerages have recently weighed in on TDC. Wall Street Zen cut Teradata from a “buy” rating to a “hold” rating in a research report on Saturday. Northland Securities lowered Teradata from an “outperform” rating to a “market perform” rating and set a $21.00 price objective for the company. in a report on Wednesday, May 7th. Northland Capmk lowered Teradata from a “strong-buy” rating to a “hold” rating in a report on Wednesday, May 7th. UBS Group cut their price objective on Teradata from $24.00 to $23.00 and set a “neutral” rating for the company in a report on Wednesday, August 6th. Finally, Guggenheim cut their price objective on Teradata from $37.00 to $35.00 and set a “buy” rating for the company in a report on Wednesday, May 7th. Three analysts have rated the stock with a Buy rating, five have issued a Hold rating and one has issued a Sell rating to the company’s stock. According to data from MarketBeat.com, the company presently has a consensus rating of “Hold” and an average price target of $26.86.
Check Out Our Latest Research Report on TDC
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.
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