Savant Capital LLC purchased a new position in shares of Teradata Corporation (NYSE:TDC – Free Report) during the second quarter, HoldingsChannel.com reports. The fund purchased 33,346 shares of the technology company’s stock, valued at approximately $744,000.
Several other hedge funds and other institutional investors have also recently made changes to their positions in TDC. IFP Advisors Inc grew its stake in Teradata by 405.4% during the 2nd quarter. IFP Advisors Inc now owns 1,223 shares of the technology company’s stock worth $27,000 after buying an additional 981 shares during the last quarter. First Command Advisory Services Inc. acquired a new stake in Teradata in the second quarter worth about $42,000. Zions Bancorporation National Association UT purchased a new stake in shares of Teradata during the first quarter worth about $76,000. US Bancorp DE increased its holdings in shares of Teradata by 23.0% during the first quarter. US Bancorp DE now owns 4,337 shares of the technology company’s stock valued at $97,000 after acquiring an additional 811 shares in the last quarter. Finally, Hennessy Advisors Inc. purchased a new position in shares of Teradata in the 2nd quarter valued at approximately $107,000. Hedge funds and other institutional investors own 90.31% of the company’s stock.
Teradata Trading Up 0.7%
Shares of Teradata stock opened at $27.18 on Friday. The stock has a market cap of $2.53 billion, a PE ratio of 22.27, a price-to-earnings-growth ratio of 3.68 and a beta of 0.71. The firm has a fifty day moving average price of $22.51 and a 200 day moving average price of $22.04. Teradata Corporation has a 1 year low of $18.43 and a 1 year high of $33.20. The company has a debt-to-equity ratio of 2.21, a current ratio of 0.90 and a quick ratio of 0.89.
Wall Street Analysts Forecast Growth
Several research firms have weighed in on TDC. TD Cowen boosted their target price on shares of Teradata from $24.00 to $25.00 and gave the stock a “hold” rating in a research report on Wednesday, November 5th. Cowen reissued a “hold” rating on shares of Teradata in a report on Wednesday, November 5th. Citizens Jmp raised Teradata from a “market perform” rating to an “outperform” rating and set a $42.00 target price on the stock in a research report on Monday, November 10th. Weiss Ratings reaffirmed a “sell (d+)” rating on shares of Teradata in a research report on Wednesday, October 8th. Finally, Barclays boosted their price target on Teradata from $22.00 to $24.00 and gave the company an “underweight” rating in a research note on Wednesday, November 5th. Four equities research analysts have rated the stock with a Buy rating, eight have issued a Hold rating and two have assigned a Sell rating to the stock. According to MarketBeat, Teradata presently has a consensus rating of “Hold” and a consensus price target of $28.11.
Get Our Latest Stock Report on TDC
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.
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