Teradata Corporation (TDC) Stake Lowered by First Eagle Investment Management LLC
First Eagle Investment Management LLC lowered its stake in shares of Teradata Corporation (NYSE:TDC) by 0.4% during the third quarter, according to its most recent disclosure with the Securities and Exchange Commission. The firm owned 17,267,313 shares of the technology company’s stock after selling 63,600 shares during the quarter. Teradata Corporation comprises approximately 1.3% of First Eagle Investment Management LLC’s holdings, making the stock its 25th largest holding. First Eagle Investment Management LLC owned 13.19% of Teradata Corporation worth $583,463,000 as of its most recent SEC filing.
A number of other hedge funds also recently made changes to their positions in TDC. BlackRock Inc. increased its position in Teradata Corporation by 42.6% during the second quarter. BlackRock Inc. now owns 11,126,276 shares of the technology company’s stock worth $328,115,000 after acquiring an additional 3,324,754 shares during the period. Ameriprise Financial Inc. increased its position in Teradata Corporation by 24.1% during the second quarter. Ameriprise Financial Inc. now owns 6,293,085 shares of the technology company’s stock worth $185,598,000 after acquiring an additional 1,221,193 shares during the period. Victory Capital Management Inc. bought a new position in Teradata Corporation during the third quarter worth $33,107,000. Frontier Capital Management Co. LLC acquired a new stake in Teradata Corporation during the second quarter worth $22,262,000. Finally, Bank of New York Mellon Corp boosted its stake in Teradata Corporation by 6.0% during the second quarter. Bank of New York Mellon Corp now owns 12,436,915 shares of the technology company’s stock worth $366,764,000 after buying an additional 705,690 shares in the last quarter.
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Several equities research analysts have recently commented on TDC shares. BMO Capital Markets restated a “hold” rating and issued a $30.00 target price on shares of Teradata Corporation in a research note on Sunday, July 16th. BidaskClub raised Teradata Corporation from a “hold” rating to a “buy” rating in a report on Friday, August 4th. Stifel Nicolaus reaffirmed a “hold” rating and issued a $32.00 price target on shares of Teradata Corporation in a report on Monday, August 14th. Needham & Company LLC started coverage on Teradata Corporation in a report on Monday, September 11th. They issued a “hold” rating for the company. Finally, Sanford C. Bernstein reaffirmed an “underperform” rating and issued a $27.00 price target on shares of Teradata Corporation in a report on Monday, September 11th. Five equities research analysts have rated the stock with a sell rating, ten have assigned a hold rating and two have issued a buy rating to the company. The company currently has an average rating of “Hold” and an average price target of $31.50.
Teradata Corporation (NYSE TDC) traded up $0.09 during trading hours on Monday, reaching $35.35. The company’s stock had a trading volume of 803,600 shares, compared to its average volume of 1,666,415. Teradata Corporation has a 52-week low of $26.27 and a 52-week high of $38.08. The company has a current ratio of 1.61, a quick ratio of 1.56 and a debt-to-equity ratio of 0.69. The firm has a market cap of $4,277.35, a P/E ratio of 31.56, a P/E/G ratio of 7.32 and a beta of 1.23.
Teradata Corporation (NYSE:TDC) last released its quarterly earnings results on Thursday, November 2nd. The technology company reported $0.29 earnings per share for the quarter, topping analysts’ consensus estimates of $0.12 by $0.17. The firm had revenue of $526.00 million during the quarter, compared to the consensus estimate of $511.23 million. Teradata Corporation had a return on equity of 16.47% and a net margin of 3.01%. The business’s revenue was down 4.7% on a year-over-year basis. During the same quarter in the prior year, the firm posted $0.69 EPS. research analysts forecast that Teradata Corporation will post 0.91 EPS for the current year.
Teradata Corporation Profile
Teradata Corporation is a provider of analytic data platforms, analytic applications and related services. The Company’s segments include Americas region (North America and Latin America) and International region (Europe, Middle East, Africa, Asia Pacific and Japan). Its offerings include analytics solutions, ecosystem architecture consulting and hybrid cloud solutions.
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