Franklin Resources Inc. Acquires 22,359 Shares of Teradata Co. (NYSE:TDC)

Franklin Resources Inc. boosted its holdings in Teradata Co. (NYSE:TDC) by 21.4% in the third quarter, Holdings Channel reports. The firm owned 127,029 shares of the technology company’s stock after purchasing an additional 22,359 shares during the quarter. Franklin Resources Inc.’s holdings in Teradata were worth $4,029,000 as of its most recent SEC filing.

Other hedge funds and other institutional investors have also recently added to or reduced their stakes in the company. Crewe Advisors LLC bought a new position in shares of Teradata in the 2nd quarter valued at about $26,000. Point72 Asset Management L.P. acquired a new position in Teradata during the third quarter valued at approximately $27,000. GAMMA Investing LLC grew its stake in Teradata by 88.0% in the third quarter. GAMMA Investing LLC now owns 955 shares of the technology company’s stock valued at $29,000 after purchasing an additional 447 shares in the last quarter. Brooklyn Investment Group bought a new position in Teradata in the third quarter valued at approximately $32,000. Finally, Allworth Financial LP increased its position in shares of Teradata by 75.2% during the 3rd quarter. Allworth Financial LP now owns 1,326 shares of the technology company’s stock worth $40,000 after purchasing an additional 569 shares during the last quarter. 90.31% of the stock is currently owned by institutional investors and hedge funds.

Wall Street Analyst Weigh In

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

Teradata Price Performance

Shares of NYSE TDC opened at $32.10 on Wednesday. The business’s 50 day moving average is $31.40 and its 200-day moving average is $30.88. The firm has a market cap of $3.07 billion, a P/E ratio of 38.21, a price-to-earnings-growth ratio of 3.17 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 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 posted its earnings results on Monday, November 4th. The technology company reported $0.69 earnings per share for the quarter, topping analysts’ consensus estimates of $0.56 by $0.13. Teradata had a return on equity of 145.40% and a net margin of 4.56%. The company had revenue of $440.00 million during the quarter, compared to the consensus estimate of $417.71 million. During the same quarter last year, the firm earned $0.14 earnings per share. The company’s revenue was up .5% on a year-over-year basis. Equities research analysts predict that Teradata Co. will post 1.41 earnings per share for the current year.

Teradata Company 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.