Shares of Teradata Corporation (NYSE:TDC) traded up NaN during mid-day trading on Thursday following a better than expected earnings announcement. The company traded as high as $38.08 and last traded at $0.00. 5,398,073 shares were traded during trading, an increase of Infinity from the average session volume of 0 shares. The technology company reported $0.29 earnings per share (EPS) for the quarter, topping the consensus estimate of $0.23 by $0.06. The business had revenue of $526.00 million for the quarter, compared to analysts’ expectations of $511.23 million. Teradata Corporation had a return on equity of 21.12% and a net margin of 4.63%. The business’s revenue for the quarter was down 4.7% on a year-over-year basis. During the same period last year, the firm posted $0.69 earnings per share.

Several research analysts have issued reports on the company. Mizuho raised their target price on Teradata Corporation from $26.00 to $32.00 and gave the stock an “underperform” rating in a research report on Thursday. Deutsche Bank AG raised their target price on Teradata Corporation from $30.00 to $32.00 and gave the stock a “hold” rating in a research report on Tuesday, October 24th. Royal Bank Of Canada reissued a “hold” rating and issued a $30.00 target price on shares of Teradata Corporation in a research report on Wednesday, October 18th. Sanford C. Bernstein reissued an “underperform” rating and issued a $27.00 target price on shares of Teradata Corporation in a research report on Monday, September 11th. Finally, Needham & Company LLC assumed coverage on Teradata Corporation in a research report on Monday, September 11th. They issued a “hold” rating on the stock. Four investment analysts have rated the stock with a sell rating, ten have issued a hold rating and one has assigned a buy rating to the stock. The stock has an average rating of “Hold” and a consensus target price of $29.78.

Institutional investors and hedge funds have recently modified their holdings of the stock. Legal & General Group Plc raised its stake in Teradata Corporation by 19.7% during the 2nd quarter. Legal & General Group Plc now owns 163,021 shares of the technology company’s stock valued at $4,809,000 after purchasing an additional 26,822 shares during the period. Jensen Investment Management Inc. raised its stake in Teradata Corporation by 24.2% during the 2nd quarter. Jensen Investment Management Inc. now owns 20,420 shares of the technology company’s stock valued at $602,000 after purchasing an additional 3,980 shares during the period. Burney Co. raised its stake in Teradata Corporation by 8.8% during the 2nd quarter. Burney Co. now owns 53,695 shares of the technology company’s stock valued at $1,603,000 after purchasing an additional 4,334 shares during the period. Riverhead Capital Management LLC raised its stake in Teradata Corporation by 87.3% during the 2nd quarter. Riverhead Capital Management LLC now owns 81,878 shares of the technology company’s stock valued at $2,415,000 after purchasing an additional 38,156 shares during the period. Finally, Bank of America Corp DE raised its stake in Teradata Corporation by 26.6% during the 1st quarter. Bank of America Corp DE now owns 866,272 shares of the technology company’s stock valued at $26,959,000 after purchasing an additional 181,867 shares during the period.

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Teradata Corporation Company 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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