Independence Bank of Kentucky Takes $37,000 Position in Teradata Co. (NYSE:TDC)

Independence Bank of Kentucky purchased a new position in shares of Teradata Co. (NYSE:TDC) during the 4th quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission. The fund purchased 1,200 shares of the technology company’s stock, valued at approximately $37,000.

A number of other institutional investors and hedge funds have also recently bought and sold shares of the stock. Algert Global LLC boosted its stake in shares of Teradata by 46.3% in the third quarter. Algert Global LLC now owns 113,106 shares of the technology company’s stock valued at $3,432,000 after purchasing an additional 35,800 shares during the period. Pacer Advisors Inc. boosted its position in Teradata by 21.7% in the 3rd quarter. Pacer Advisors Inc. now owns 2,071,302 shares of the technology company’s stock valued at $62,843,000 after buying an additional 369,123 shares during the last quarter. John G Ullman & Associates Inc. grew its stake in shares of Teradata by 46.8% during the third quarter. John G Ullman & Associates Inc. now owns 144,850 shares of the technology company’s stock valued at $4,395,000 after acquiring an additional 46,200 shares in the last quarter. Assenagon Asset Management S.A. increased its position in shares of Teradata by 828.5% during the third quarter. Assenagon Asset Management S.A. now owns 444,450 shares of the technology company’s stock worth $13,485,000 after acquiring an additional 396,584 shares during the last quarter. Finally, BNP Paribas Financial Markets lifted its stake in shares of Teradata by 127.6% in the third quarter. BNP Paribas Financial Markets now owns 112,049 shares of the technology company’s stock worth $3,400,000 after acquiring an additional 62,826 shares in the last quarter. Hedge funds and other institutional investors own 90.31% of the company’s stock.

Wall Street Analyst Weigh In

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

Teradata Price Performance

Shares of NYSE TDC opened at $31.91 on Monday. The company has a debt-to-equity ratio of 4.01, a current ratio of 0.80 and a quick ratio of 0.79. The firm has a market capitalization of $3.05 billion, a PE ratio of 37.98, a P/E/G ratio of 3.35 and a beta of 0.79. Teradata Co. has a 1-year low of $24.02 and a 1-year high of $49.44. The business’s fifty day moving average price is $31.67 and its two-hundred day moving average price is $30.39.

Teradata (NYSE:TDC) last issued its quarterly earnings data on Monday, November 4th. The technology company reported $0.69 earnings per share for the quarter, beating the consensus estimate of $0.56 by $0.13. Teradata had a net margin of 4.56% and a return on equity of 145.40%. The firm had revenue of $440.00 million for the quarter, compared to the consensus estimate of $417.71 million. During the same period last year, the firm posted $0.14 EPS. Teradata’s quarterly revenue was up .5% compared to the same quarter last year. On average, research analysts expect that Teradata Co. will post 1.41 EPS 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.