43,900 Shares in Teradata Co. (NYSE:TDC) Bought by National Bank of Canada FI

National Bank of Canada FI bought a new position in shares of Teradata Co. (NYSE:TDC) during the 4th quarter, according to its most recent filing with the Securities & Exchange Commission. The fund bought 43,900 shares of the technology company’s stock, valued at approximately $1,367,000.

A number of other institutional investors and hedge funds have also recently added to or reduced their stakes in the business. Franklin Resources Inc. lifted its holdings in shares of Teradata by 8.8% during the 4th quarter. Franklin Resources Inc. now owns 138,268 shares of the technology company’s stock valued at $4,307,000 after purchasing an additional 11,239 shares in the last quarter. Arrowstreet Capital Limited Partnership raised its holdings in Teradata by 470.0% during the 4th quarter. Arrowstreet Capital Limited Partnership now owns 495,539 shares of the technology company’s stock worth $15,436,000 after buying an additional 408,595 shares during the period. Cornercap Investment Counsel Inc. bought a new position in Teradata in the fourth quarter valued at approximately $208,000. Norges Bank acquired a new position in shares of Teradata in the fourth quarter valued at approximately $36,315,000. Finally, JPMorgan Chase & Co. increased its position in shares of Teradata by 9.6% during the fourth quarter. JPMorgan Chase & Co. now owns 611,264 shares of the technology company’s stock worth $19,041,000 after acquiring an additional 53,743 shares in the last quarter. 90.31% of the stock is owned by institutional investors and hedge funds.

Teradata Stock Performance

NYSE TDC opened at $19.19 on Wednesday. The firm’s fifty day moving average price is $24.54 and its two-hundred day moving average price is $28.87. Teradata Co. has a 1 year low of $18.43 and a 1 year high of $38.82. The firm has a market capitalization of $1.84 billion, a P/E ratio of 16.40, a price-to-earnings-growth ratio of 6.23 and a beta of 0.87. The company has a current ratio of 0.81, a quick ratio of 0.79 and a debt-to-equity ratio of 3.65.

Teradata (NYSE:TDC) last issued its earnings results on Tuesday, February 11th. The technology company reported $0.30 earnings per share (EPS) for the quarter, missing analysts’ consensus estimates of $0.44 by ($0.14). Teradata had a net margin of 6.51% and a return on equity of 149.16%. As a group, research analysts anticipate that Teradata Co. will post 1.31 EPS for the current year.

Wall Street Analyst Weigh In

A number of equities analysts recently weighed in on the stock. JMP Securities reaffirmed a “market perform” rating on shares of Teradata in a research note on Thursday, February 13th. Guggenheim reduced their price objective on Teradata from $42.00 to $37.00 and set a “buy” rating for the company in a research report on Wednesday, February 12th. Morgan Stanley raised Teradata from an “equal weight” rating to an “overweight” rating and set a $26.00 target price on the stock in a research report on Tuesday. Royal Bank of Canada reduced their price target on Teradata from $32.00 to $29.00 and set a “sector perform” rating for the company in a research report on Wednesday, February 12th. Finally, Evercore ISI lowered their price objective on shares of Teradata from $37.00 to $32.00 and set an “outperform” rating on the stock in a report on Wednesday, February 12th. Three research analysts have rated the stock with a sell rating, three have assigned a hold rating and five have given a buy rating to the company. According to data from MarketBeat, Teradata has an average rating of “Hold” and a consensus target price of $34.00.

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.