Penserra Capital Management LLC Acquires 378,022 Shares of Teradata Corporation $TDC

Penserra Capital Management LLC grew its stake in shares of Teradata Corporation (NYSE:TDC) by 43.4% during the 3rd quarter, according to the company in its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The fund owned 1,249,547 shares of the technology company’s stock after buying an additional 378,022 shares during the period. Penserra Capital Management LLC owned 1.32% of Teradata worth $26,877,000 as of its most recent filing with the Securities and Exchange Commission (SEC).

A number of other hedge funds and other institutional investors have also recently modified their holdings of the stock. AQR Capital Management LLC grew 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 valued at $86,914,000 after acquiring an additional 2,491,938 shares in the last quarter. Boston Trust Walden Corp boosted 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 valued at $43,868,000 after purchasing an additional 349,439 shares during the last quarter. LSV Asset Management grew its position in shares of Teradata by 21.4% during the second quarter. LSV Asset Management now owns 1,929,495 shares of the technology company’s stock valued at $43,047,000 after purchasing an additional 340,496 shares in the last quarter. Allianz Asset Management GmbH increased its holdings in shares of Teradata by 21.0% in the third quarter. Allianz Asset Management GmbH now owns 1,317,179 shares of the technology company’s stock worth $28,333,000 after purchasing an additional 228,654 shares during the last quarter. Finally, Boston Partners lifted its position in shares of Teradata by 2,172.3% in the second quarter. Boston Partners now owns 1,108,665 shares of the technology company’s stock worth $24,731,000 after buying an additional 1,059,875 shares in the last quarter. Institutional investors own 90.31% of the company’s stock.

Teradata Stock Down 7.2%

NYSE TDC opened at $26.00 on Wednesday. The company has a quick ratio of 0.89, a current ratio of 0.90 and a debt-to-equity ratio of 2.21. Teradata Corporation has a 52 week low of $18.43 and a 52 week high of $32.11. The firm has a market capitalization of $2.42 billion, a price-to-earnings ratio of 21.31, a PEG ratio of 3.54 and a beta of 0.61. The company has a fifty day moving average of $30.13 and a two-hundred day moving average of $25.07.

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

Wall Street Analysts Forecast Growth

Several research firms have weighed in on TDC. Royal Bank Of Canada raised their price target on Teradata from $23.00 to $32.00 and gave the company a “sector perform” rating in a report on Monday, January 5th. Weiss Ratings reissued a “hold (c)” rating on shares of Teradata in a report on Monday, December 29th. Morgan Stanley boosted their price target on shares of Teradata from $30.00 to $35.00 and gave the stock an “overweight” rating in a research report on Wednesday, December 17th. 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 report on Monday, November 10th. Finally, Evercore ISI lifted their price objective on shares of Teradata from $25.00 to $28.00 and gave the stock an “outperform” rating in a research note on Wednesday, November 5th. One research analyst has rated the stock with a Strong Buy rating, four have issued a Buy rating, six have issued a Hold rating and one has assigned a Sell rating to the company. According to MarketBeat, the stock currently has an average rating of “Hold” and an average target price of $29.78.

Teradata Company 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.