Northwestern Mutual Investment Management Company LLC grew its position in Teradata Co. (NYSE:TDC) by 57.5% during the 1st quarter, according to the company in its most recent disclosure with the SEC. The firm owned 24,963 shares of the technology company’s stock after purchasing an additional 9,116 shares during the period. Northwestern Mutual Investment Management Company LLC’s holdings in Teradata were worth $990,000 at the end of the most recent reporting period.
A number of other institutional investors and hedge funds have also recently bought and sold shares of the business. Clinton Group Inc. acquired a new stake in Teradata in the first quarter worth $239,000. Profund Advisors LLC raised its holdings in shares of Teradata by 14.9% during the first quarter. Profund Advisors LLC now owns 16,564 shares of the technology company’s stock worth $657,000 after acquiring an additional 2,145 shares during the period. Gideon Capital Advisors Inc. acquired a new stake in shares of Teradata during the first quarter worth $605,000. Principal Financial Group Inc. raised its holdings in shares of Teradata by 3.4% during the first quarter. Principal Financial Group Inc. now owns 532,815 shares of the technology company’s stock worth $21,137,000 after acquiring an additional 17,503 shares during the period. Finally, Arnhold LLC acquired a new stake in shares of Teradata during the first quarter worth $2,269,000. Institutional investors own 97.45% of the company’s stock.
TDC has been the topic of a number of research analyst reports. Stifel Nicolaus upgraded shares of Teradata from a “hold” rating to a “buy” rating and raised their price objective for the stock from $45.00 to $49.00 in a report on Thursday, May 31st. Mizuho upgraded shares of Teradata from an “underperform” rating to a “buy” rating in a report on Wednesday, May 30th. ValuEngine upgraded shares of Teradata from a “hold” rating to a “buy” rating in a report on Friday, March 2nd. BMO Capital Markets dropped their price objective on shares of Teradata from $42.00 to $40.00 and set a “market perform” rating on the stock in a report on Friday, May 4th. Finally, Sanford C. Bernstein upgraded shares of Teradata from an “underperform” rating to a “market perform” rating in a report on Monday, March 5th. Three investment analysts have rated the stock with a sell rating, seven have assigned a hold rating and six have issued a buy rating to the company. The company has an average rating of “Hold” and a consensus price target of $36.64.
Teradata stock opened at $43.34 on Thursday. Teradata Co. has a 1-year low of $28.33 and a 1-year high of $44.27. The firm has a market capitalization of $5.27 billion, a P/E ratio of 53.51, a price-to-earnings-growth ratio of 15.00 and a beta of 1.17. The company has a quick ratio of 1.63, a current ratio of 1.68 and a debt-to-equity ratio of 0.71.
Teradata (NYSE:TDC) last issued its quarterly earnings data on Thursday, May 3rd. The technology company reported $0.19 earnings per share for the quarter, beating analysts’ consensus estimates of $0.16 by $0.03. Teradata had a positive return on equity of 14.76% and a negative net margin of 3.32%. The company had revenue of $506.00 million for the quarter, compared to the consensus estimate of $495.95 million. During the same quarter last year, the company earned $0.28 earnings per share. The firm’s revenue for the quarter was up 3.1% compared to the same quarter last year. research analysts anticipate that Teradata Co. will post 0.97 earnings per share for the current year.
Teradata Corporation provides analytic data solutions and related services worldwide. The company operates through Americas Data and Analytics, and International Data and Analytics segments. Its analytic data solutions comprise software, hardware, and related business consulting and support services.
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