Lockheed Martin Investment Management Co. Purchases Shares of 38,600 Teradata Corporation (TDC)
Lockheed Martin Investment Management Co. purchased a new position in shares of Teradata Corporation (NYSE:TDC) during the 3rd quarter, according to the company in its most recent Form 13F filing with the Securities and Exchange Commission. The fund purchased 38,600 shares of the technology company’s stock, valued at approximately $1,304,000.
Several other large investors have also recently made changes to their positions in TDC. BlackRock Inc. boosted its stake in shares of Teradata Corporation by 42.6% during the 2nd 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 in the last quarter. Ameriprise Financial Inc. boosted its stake in shares of Teradata Corporation by 24.1% during the 2nd 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 in the last quarter. Victory Capital Management Inc. purchased a new stake in shares of Teradata Corporation during the 3rd quarter worth approximately $33,107,000. Frontier Capital Management Co. LLC purchased a new stake in shares of Teradata Corporation during the 2nd quarter worth approximately $22,262,000. Finally, Bank of New York Mellon Corp boosted its stake in shares of Teradata Corporation by 6.0% during the 2nd quarter. Bank of New York Mellon Corp now owns 12,436,915 shares of the technology company’s stock worth $366,764,000 after acquiring an additional 705,690 shares in the last quarter.
A number of equities research analysts recently issued reports on TDC shares. Sanford C. Bernstein reaffirmed an “underperform” rating and issued a $27.00 target price on shares of Teradata Corporation in a research note on Monday, September 11th. Needham & Company LLC started coverage on Teradata Corporation in a research note on Monday, September 11th. They issued a “hold” rating on the stock. Mizuho reaffirmed an “underperform” rating and issued a $32.00 target price (up previously from $26.00) on shares of Teradata Corporation in a research note on Wednesday, November 1st. Royal Bank Of Canada reaffirmed a “hold” rating and issued a $30.00 target price on shares of Teradata Corporation in a research note on Wednesday, October 18th. Finally, BMO Capital Markets upped their target price on Teradata Corporation from $30.00 to $32.00 and gave the company a “market perform” rating in a research note on Friday, July 28th. Five analysts have rated the stock with a sell rating, ten have issued a hold rating and two have given a buy rating to the stock. Teradata Corporation currently has a consensus rating of “Hold” and an average target price of $31.50.
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Shares of Teradata Corporation (TDC) traded up $0.48 during trading on Tuesday, hitting $35.83. The company’s stock had a trading volume of 1,071,600 shares, compared to its average volume of 1,663,699. Teradata Corporation has a one year low of $26.27 and a one year high of $38.08. The stock has a market cap of $4,277.35, a price-to-earnings ratio of 31.56, a PEG ratio of 7.32 and a beta of 1.23. The company has a current ratio of 1.61, a quick ratio of 1.56 and a debt-to-equity ratio of 0.69.
Teradata Corporation (NYSE:TDC) last issued 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. Teradata Corporation had a return on equity of 16.47% and a net margin of 3.01%. The company had revenue of $526.00 million for the quarter, compared to analyst estimates of $511.23 million. During the same quarter in the prior year, the company posted $0.69 EPS. The business’s revenue for the quarter was down 4.7% compared to the same quarter last year. analysts forecast that Teradata Corporation will post 0.91 EPS for the current fiscal 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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