Teradata Corporation (TDC) Stake Lowered by Los Angeles Capital Management & Equity Research Inc.
Los Angeles Capital Management & Equity Research Inc. lessened its stake in Teradata Corporation (NYSE:TDC) by 83.7% in the 3rd quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission. The fund owned 271,384 shares of the technology company’s stock after selling 1,391,189 shares during the quarter. Los Angeles Capital Management & Equity Research Inc. owned approximately 0.21% of Teradata Corporation worth $9,170,000 as of its most recent SEC filing.
Several other hedge funds and other institutional investors also recently added to or reduced their stakes in TDC. Global X MANAGEMENT CO LLC raised its stake in Teradata Corporation by 16.8% in the 3rd quarter. Global X MANAGEMENT CO LLC now owns 10,689 shares of the technology company’s stock valued at $361,000 after acquiring an additional 1,535 shares during the period. Oregon Public Employees Retirement Fund raised its stake in Teradata Corporation by 223.7% in the 3rd quarter. Oregon Public Employees Retirement Fund now owns 48,253 shares of the technology company’s stock valued at $1,630,000 after acquiring an additional 33,346 shares during the period. State of Tennessee Treasury Department bought a new stake in Teradata Corporation in the 3rd quarter valued at $2,703,000. Canada Pension Plan Investment Board raised its stake in Teradata Corporation by 131.2% in the 3rd quarter. Canada Pension Plan Investment Board now owns 839,067 shares of the technology company’s stock valued at $28,352,000 after acquiring an additional 476,100 shares during the period. Finally, Victory Capital Management Inc. bought a new stake in Teradata Corporation in the 3rd quarter valued at $33,107,000.
TDC has been the topic of a number of research analyst reports. BidaskClub cut Teradata Corporation from a “buy” rating to a “hold” rating in a research note on Friday, August 11th. BMO Capital Markets increased their price target on Teradata Corporation from $32.00 to $40.00 and gave the company a “market perform” rating in a research note on Friday, November 3rd. Royal Bank Of Canada restated a “hold” rating and issued a $30.00 price target on shares of Teradata Corporation in a research note on Wednesday, October 18th. Mizuho restated an “underperform” rating and issued a $32.00 price target (up previously from $26.00) on shares of Teradata Corporation in a research note on Wednesday, November 1st. Finally, Morgan Stanley increased their price target on Teradata Corporation from $29.00 to $31.00 and gave the company an “underweight” rating in a research note on Friday, November 3rd. Five investment analysts have rated the stock with a sell rating, nine have assigned a hold rating and two have issued a buy rating to the stock. The company has an average rating of “Hold” and an average target price of $31.50.
Teradata Corporation (NYSE:TDC) opened at $35.83 on Friday. The company has a debt-to-equity ratio of 0.69, a current ratio of 1.61 and a quick ratio of 1.56. Teradata Corporation has a 12-month low of $26.27 and a 12-month high of $38.08. The company has a market capitalization of $4,335.43, a price-to-earnings ratio of 31.99, a P/E/G ratio of 7.42 and a beta of 1.23.
Teradata Corporation (NYSE:TDC) last issued its quarterly earnings results on Thursday, November 2nd. The technology company reported $0.29 EPS for the quarter, topping the Zacks’ consensus estimate 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 analysts’ expectations of $511.23 million. During the same quarter last year, the business earned $0.69 earnings per share. Teradata Corporation’s revenue was down 4.7% on a year-over-year basis. analysts expect that Teradata Corporation will post 0.91 EPS for the current fiscal year.
About Teradata Corporation
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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