Optimize Financial Inc Invests $1.42 Million in Teradata Corporation $TDC

Optimize Financial Inc bought a new stake in Teradata Corporation (NYSE:TDC) during the third quarter, according to the company in its most recent filing with the Securities & Exchange Commission. The firm bought 65,803 shares of the technology company’s stock, valued at approximately $1,415,000. Optimize Financial Inc owned about 0.07% of Teradata at the end of the most recent quarter.

A number of other institutional investors have also recently added to or reduced their stakes in TDC. AQR Capital Management LLC increased its stake in Teradata by 175.3% during the second quarter. AQR Capital Management LLC now owns 3,913,277 shares of the technology company’s stock worth $86,914,000 after acquiring an additional 2,491,938 shares during the last quarter. Boston Trust Walden Corp grew its holdings in shares of Teradata by 21.6% during the 2nd quarter. Boston Trust Walden Corp now owns 1,966,309 shares of the technology company’s stock worth $43,868,000 after purchasing an additional 349,439 shares during the period. LSV Asset Management increased its position in Teradata by 21.4% during the 2nd quarter. LSV Asset Management now owns 1,929,495 shares of the technology company’s stock worth $43,047,000 after purchasing an additional 340,496 shares in the last quarter. Allianz Asset Management GmbH raised its holdings in Teradata by 21.0% in the third quarter. Allianz Asset Management GmbH now owns 1,317,179 shares of the technology company’s stock valued at $28,333,000 after buying an additional 228,654 shares during the period. Finally, Penserra Capital Management LLC raised its holdings in Teradata by 43.4% in the third quarter. Penserra Capital Management LLC now owns 1,249,547 shares of the technology company’s stock valued at $26,877,000 after buying an additional 378,022 shares during the period. Hedge funds and other institutional investors own 90.31% of the company’s stock.

Teradata Trading Down 7.2%

NYSE TDC opened at $26.00 on Wednesday. The company has a debt-to-equity ratio of 2.21, a quick ratio of 0.89 and a current ratio of 0.90. Teradata Corporation has a one year low of $18.43 and a one year high of $32.11. The company has a 50-day simple moving average of $30.13 and a 200-day simple moving average of $25.07. The firm has a market capitalization of $2.42 billion, a PE ratio of 21.31, a price-to-earnings-growth ratio of 3.54 and a beta of 0.61.

Teradata (NYSE:TDC) last released its quarterly earnings data on Tuesday, November 4th. The technology company reported $0.72 earnings per share for the quarter, topping the consensus estimate of $0.53 by $0.19. Teradata had a net margin of 7.15% and a return on equity of 83.22%. The firm had revenue of $416.00 million for the quarter, compared to analyst estimates of $406.30 million. During the same quarter in the prior year, the business earned $0.69 earnings per share. Teradata’s quarterly revenue was down 5.5% on a year-over-year basis. On average, equities analysts forecast that Teradata Corporation will post 1.31 earnings per share for the current year.

Wall Street Analysts Forecast Growth

Several equities research analysts have issued reports on the stock. Citizens Jmp upgraded shares of Teradata from a “market perform” rating to an “outperform” rating and set a $42.00 price objective for the company in a research note on Monday, November 10th. Wall Street Zen raised shares of Teradata from a “buy” rating to a “strong-buy” rating in a research report on Saturday, November 8th. Weiss Ratings reiterated a “hold (c)” rating on shares of Teradata in a report on Monday, December 29th. Morgan Stanley boosted their price objective on Teradata from $30.00 to $35.00 and gave the stock an “overweight” rating in a research note on Wednesday, December 17th. Finally, Barclays increased their target price on Teradata from $24.00 to $27.00 and gave the company an “underweight” rating in a research note on Monday, January 12th. One equities research analyst has rated the stock with a Strong Buy rating, four have issued a Buy rating, six have given a Hold rating and one has given a Sell rating to the stock. According to data from MarketBeat, the company has an average rating of “Hold” and an average price target of $29.78.

Teradata Profile

Teradata Corporation is a global provider of enterprise analytics and data management solutions designed to help organizations unlock value from their data assets. The company offers both cloud-based and on-premises platforms that support data warehousing, big data analytics, and machine learning. Through its flagship analytics ecosystem, Teradata enables businesses to integrate, analyze, and manage large volumes of structured and unstructured data at scale.

Central to Teradata’s product suite is the Teradata Vantage analytics platform, which unifies diverse data types across multiple environments—including public and private clouds—into a single, coherent architecture.