Wedge Capital Management L L P NC Acquires 16,959 Shares of Teradata Co. (NYSE:TDC)

Wedge Capital Management L L P NC raised its holdings in Teradata Co. (NYSE:TDC) by 29.3% during the 1st quarter, according to its most recent filing with the Securities and Exchange Commission (SEC). The firm owned 74,831 shares of the technology company’s stock after buying an additional 16,959 shares during the quarter. Wedge Capital Management L L P NC’s holdings in Teradata were worth $1,682,000 as of its most recent SEC filing.

Other large investors have also made changes to their positions in the company. Aster Capital Management DIFC Ltd grew its holdings in shares of Teradata by 53.0% in the 4th quarter. Aster Capital Management DIFC Ltd now owns 1,567 shares of the technology company’s stock worth $49,000 after purchasing an additional 543 shares during the last quarter. UMB Bank n.a. grew its holdings in shares of Teradata by 153.1% in the 1st quarter. UMB Bank n.a. now owns 1,906 shares of the technology company’s stock worth $43,000 after purchasing an additional 1,153 shares during the last quarter. Venturi Wealth Management LLC grew its holdings in shares of Teradata by 20.9% in the 4th quarter. Venturi Wealth Management LLC now owns 2,109 shares of the technology company’s stock worth $66,000 after purchasing an additional 365 shares during the last quarter. Raiffeisen Bank International AG bought a new stake in shares of Teradata in the 4th quarter worth about $117,000. Finally, New Vernon Capital Holdings II LLC bought a new stake in shares of Teradata in the 4th quarter worth about $133,000. Institutional investors own 90.31% of the company’s stock.

Analysts Set New Price Targets

Several research firms have recently weighed in on TDC. Wall Street Zen lowered shares of Teradata from a “strong-buy” rating to a “buy” rating in a report on Tuesday, April 8th. Northland Capmk lowered shares of Teradata from a “strong-buy” rating to a “hold” rating in a report on Wednesday, May 7th. Northland Securities downgraded shares of Teradata from an “outperform” rating to a “market perform” rating and set a $21.00 price target on the stock. in a research report on Wednesday, May 7th. UBS Group upgraded shares of Teradata from a “sell” rating to a “hold” rating and reduced their price target for the stock from $26.00 to $24.00 in a research report on Friday, June 6th. Finally, Guggenheim reduced their price target on shares of Teradata from $37.00 to $35.00 and set a “buy” rating on the stock in a research report on Wednesday, May 7th. One research analyst has rated the stock with a sell rating, six have assigned a hold rating and four have given a buy rating to the company. Based on data from MarketBeat.com, the stock presently has an average rating of “Hold” and an average price target of $27.25.

Teradata Stock Performance

Shares of NYSE:TDC opened at $22.78 on Wednesday. The stock has a market capitalization of $2.18 billion, a P/E ratio of 19.47, a P/E/G ratio of 6.23 and a beta of 0.83. Teradata Co. has a 1-year low of $18.43 and a 1-year high of $35.60. The company has a current ratio of 0.81, a quick ratio of 0.79 and a debt-to-equity ratio of 3.65. The business has a 50-day moving average price of $21.61 and a two-hundred day moving average price of $26.03.

Teradata (NYSE:TDC) last announced its quarterly earnings data on Tuesday, May 6th. The technology company reported $0.66 earnings per share for the quarter, topping the consensus estimate of $0.57 by $0.09. The firm had revenue of $418.00 million during the quarter, compared to analysts’ expectations of $423.85 million. Teradata had a return on equity of 149.16% and a net margin of 6.51%. The company’s quarterly revenue was down 10.1% compared to the same quarter last year. During the same period in the previous year, the business posted $0.57 EPS. Equities analysts predict that Teradata Co. will post 1.31 earnings per share for the current year.

Teradata Profile

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.