Tealwood Asset Management Inc. Boosts Stake in Teradata Co. (NYSE:TDC)

Tealwood Asset Management Inc. increased its stake in shares of Teradata Co. (NYSE:TDC) by 0.9% during the fourth quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The fund owned 40,652 shares of the technology company’s stock after buying an additional 368 shares during the quarter. Tealwood Asset Management Inc.’s holdings in Teradata were worth $1,266,000 as of its most recent SEC filing.

Several other hedge funds have also recently made changes to their positions in TDC. Point72 Asset Management L.P. purchased a new stake in Teradata during the 3rd quarter valued at about $27,000. GAMMA Investing LLC raised its stake in shares of Teradata by 88.0% in the third quarter. GAMMA Investing LLC now owns 955 shares of the technology company’s stock worth $29,000 after purchasing an additional 447 shares during the last quarter. Brooklyn Investment Group purchased a new stake in Teradata in the third quarter valued at approximately $32,000. Allworth Financial LP increased its holdings in Teradata by 75.2% in the 3rd quarter. Allworth Financial LP now owns 1,326 shares of the technology company’s stock worth $40,000 after buying an additional 569 shares during the period. Finally, International Assets Investment Management LLC raised its position in Teradata by 2,934.1% during the 3rd quarter. International Assets Investment Management LLC now owns 1,335 shares of the technology company’s stock worth $44,000 after buying an additional 1,291 shares during the last quarter. 90.31% of the stock is owned by institutional investors and hedge funds.

Analyst Upgrades and Downgrades

A number of analysts have recently weighed in on the stock. Northland Securities cut their price objective on shares of Teradata from $38.00 to $37.00 and set an “outperform” rating on the stock in a research note on Tuesday, November 5th. UBS Group increased their price target on Teradata from $24.00 to $26.00 and gave the stock a “sell” rating in a research report on Tuesday, November 5th. Barclays boosted their price objective on Teradata from $29.00 to $30.00 and gave the company an “underweight” rating in a report on Friday, December 6th. Royal Bank of Canada reaffirmed a “sector perform” rating and set a $32.00 target price on shares of Teradata in a report on Tuesday, November 5th. Finally, Evercore ISI lifted their price target on Teradata from $34.00 to $37.00 and gave the company an “outperform” rating in a research report on Tuesday, October 15th. Three research analysts have rated the stock with a sell rating, four have assigned a hold rating, four have given a buy rating and one has issued a strong buy rating to the company’s stock. Based on data from MarketBeat.com, the company currently has a consensus rating of “Hold” and a consensus target price of $40.00.

Teradata Stock Performance

Shares of TDC stock opened at $30.35 on Tuesday. The company has a market capitalization of $2.90 billion, a P/E ratio of 36.13, a P/E/G ratio of 3.17 and a beta of 0.79. Teradata Co. has a 12-month low of $24.02 and a 12-month high of $49.44. The business’s 50 day moving average is $31.08 and its two-hundred day moving average is $30.64. The company has a current ratio of 0.80, a quick ratio of 0.79 and a debt-to-equity ratio of 4.01.

Teradata (NYSE:TDC) last announced its earnings results on Monday, November 4th. The technology company reported $0.69 earnings per share (EPS) for the quarter, beating analysts’ consensus estimates of $0.56 by $0.13. The firm had revenue of $440.00 million for the quarter, compared to analyst estimates of $417.71 million. Teradata had a return on equity of 145.40% and a net margin of 4.56%. The business’s revenue was up .5% on a year-over-year basis. During the same quarter last year, the firm posted $0.14 EPS. Analysts expect that Teradata Co. will post 1.41 EPS for the current fiscal year.

About Teradata

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.