Prescott Group Capital Management L.L.C. lessened its position in Teradata (NYSE:TDC) by 77.8% during the first quarter, according to the company in its most recent 13F filing with the SEC. The fund owned 10,000 shares of the technology company’s stock after selling 35,000 shares during the quarter. Prescott Group Capital Management L.L.C.’s holdings in Teradata were worth $397,000 as of its most recent filing with the SEC.
A number of other institutional investors have also recently made changes to their positions in the stock. Engineers Gate Manager LP acquired a new stake in Teradata in the 1st quarter valued at approximately $734,000. Schwab Charles Investment Management Inc. grew its stake in Teradata by 4.0% in the first quarter. Schwab Charles Investment Management Inc. now owns 512,397 shares of the technology company’s stock valued at $20,327,000 after purchasing an additional 19,757 shares in the last quarter. Robeco Institutional Asset Management B.V. grew its stake in Teradata by 7.2% in the first quarter. Robeco Institutional Asset Management B.V. now owns 96,689 shares of the technology company’s stock valued at $3,836,000 after purchasing an additional 6,474 shares in the last quarter. Balter Liquid Alternatives LLC bought a new position in Teradata in the first quarter valued at approximately $262,000. Finally, Prudential Financial Inc. grew its stake in Teradata by 56.7% in the first quarter. Prudential Financial Inc. now owns 347,196 shares of the technology company’s stock valued at $13,773,000 after purchasing an additional 125,600 shares in the last quarter. 97.94% of the stock is currently owned by institutional investors and hedge funds.
TDC has been the subject of a number of analyst reports. Morgan Stanley upgraded Teradata from an “underweight” rating to an “equal weight” rating and raised their price target for the company from $31.00 to $40.00 in a research note on Tuesday, January 23rd. Mizuho restated a “sell” rating and issued a $32.00 price target on shares of Teradata in a research note on Monday, January 22nd. Cowen upgraded Teradata from a “market perform” rating to an “outperform” rating in a research note on Friday, February 2nd. Wells Fargo raised their price target on Teradata from $27.50 to $30.00 and gave the company an “underperform” rating in a research note on Friday, February 9th. Finally, ValuEngine upgraded Teradata from a “hold” rating to a “buy” rating in a research note on Friday, March 2nd. Four equities research analysts have rated the stock with a sell rating, eight have given a hold rating and four have issued a buy rating to the company. The stock presently has an average rating of “Hold” and a consensus price target of $36.27.
Shares of NYSE TDC opened at $39.48 on Monday. 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 has a 12 month low of $27.05 and a 12 month high of $42.84. The company has a market cap of $4.79 billion, a PE ratio of 45.91, a price-to-earnings-growth ratio of 14.15 and a beta of 1.20.
Teradata (NYSE:TDC) last issued its earnings results on Thursday, May 3rd. The technology company reported $0.19 EPS for the quarter, topping the Thomson Reuters’ consensus estimate 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 during the quarter, compared to the consensus estimate of $495.95 million. During the same period in the previous year, the company posted $0.28 EPS. The firm’s revenue for the quarter was up 3.1% compared to the same quarter last year. research analysts expect that Teradata will post 0.93 EPS for the current year.
Teradata announced that its board has initiated a stock buyback plan on Thursday, February 8th that permits the company to repurchase $310.00 million in shares. This repurchase authorization permits the technology company to purchase shares of its stock through open market purchases. Stock repurchase plans are often a sign that the company’s board of directors believes its stock is undervalued.
Teradata Company Profile
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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