Nordea Investment Management AB Acquires 10,082 Shares of Teradata Co. (NYSE:TDC)

Nordea Investment Management AB raised its holdings in Teradata Co. (NYSE:TDC) by 5.6% during the fourth quarter, according to the company in its most recent 13F filing with the SEC. The fund owned 190,077 shares of the technology company’s stock after buying an additional 10,082 shares during the quarter. Nordea Investment Management AB’s holdings in Teradata were worth $5,955,000 at the end of the most recent quarter.

Several other hedge funds have also recently made changes to their positions in the business. Lynrock Lake LP boosted its holdings in Teradata by 9.9% in the second quarter. Lynrock Lake LP now owns 6,666,666 shares of the technology company’s stock valued at $230,400,000 after acquiring an additional 600,000 shares in the last quarter. AQR Capital Management LLC boosted its stake in shares of Teradata by 60.9% during the 2nd quarter. AQR Capital Management LLC now owns 2,136,209 shares of the technology company’s stock valued at $73,827,000 after purchasing an additional 808,691 shares in the last quarter. Pacer Advisors Inc. increased its position in shares of Teradata by 21.7% during the third 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 period. FMR LLC raised its stake in Teradata by 2.7% in the third quarter. FMR LLC now owns 1,932,741 shares of the technology company’s stock worth $58,639,000 after buying an additional 51,080 shares in the last quarter. Finally, Geode Capital Management LLC lifted its holdings in Teradata by 0.5% in the third quarter. Geode Capital Management LLC now owns 1,685,317 shares of the technology company’s stock worth $51,145,000 after buying an additional 8,289 shares during the period. 90.31% of the stock is owned by hedge funds and other institutional investors.

Wall Street Analysts Forecast Growth

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

Teradata Stock Down 0.5 %

TDC stock opened at $31.12 on Friday. The stock has a market capitalization of $2.98 billion, a P/E ratio of 37.05, a P/E/G ratio of 3.17 and a beta of 0.79. The company has a debt-to-equity ratio of 4.01, a current ratio of 0.80 and a quick ratio of 0.79. Teradata Co. has a 1-year low of $24.02 and a 1-year high of $49.44. The business has a fifty day moving average price of $31.20 and a 200-day moving average price of $30.75.

Teradata (NYSE:TDC) last posted its earnings results on Monday, November 4th. The technology company reported $0.69 earnings per share (EPS) 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 business had revenue of $440.00 million for the quarter, compared to analysts’ expectations of $417.71 million. During the same quarter in the prior year, the business earned $0.14 EPS. The business’s revenue for the quarter was up .5% compared to the same quarter last year. Equities analysts forecast that Teradata Co. will post 1.41 earnings per share 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.