Geode Capital Management LLC Increases Stake in Teradata Co. (NYSE:TDC)

Geode Capital Management LLC lifted its position in shares of Teradata Co. (NYSE:TDC) by 0.5% during the third quarter, according to the company in its most recent Form 13F filing with the Securities & Exchange Commission. The firm owned 1,685,317 shares of the technology company’s stock after acquiring an additional 8,289 shares during the quarter. Geode Capital Management LLC’s holdings in Teradata were worth $51,145,000 at the end of the most recent quarter.

Other large investors have also recently added to or reduced their stakes in the company. Raymond James & Associates raised its stake in shares of Teradata by 20.6% during the 2nd quarter. Raymond James & Associates now owns 113,102 shares of the technology company’s stock worth $3,909,000 after buying an additional 19,308 shares in the last quarter. Calamos Advisors LLC raised its position in Teradata by 9.6% in the second quarter. Calamos Advisors LLC now owns 22,454 shares of the technology company’s stock worth $776,000 after acquiring an additional 1,961 shares in the last quarter. Bank of New York Mellon Corp lifted its holdings in Teradata by 10.6% in the second quarter. Bank of New York Mellon Corp now owns 1,013,089 shares of the technology company’s stock valued at $35,012,000 after acquiring an additional 96,697 shares during the period. Allspring Global Investments Holdings LLC boosted its position in shares of Teradata by 0.4% during the 2nd quarter. Allspring Global Investments Holdings LLC now owns 554,751 shares of the technology company’s stock worth $19,172,000 after purchasing an additional 2,364 shares in the last quarter. Finally, Zurcher Kantonalbank Zurich Cantonalbank grew its stake in shares of Teradata by 6.6% during the 2nd quarter. Zurcher Kantonalbank Zurich Cantonalbank now owns 25,598 shares of the technology company’s stock worth $885,000 after purchasing an additional 1,585 shares during the period. 90.31% of the stock is owned by hedge funds and other institutional investors.

Analysts Set New Price Targets

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

Teradata Price Performance

NYSE:TDC opened at $32.23 on Monday. The firm has a market cap of $3.08 billion, a price-to-earnings ratio of 38.37, a price-to-earnings-growth ratio of 3.17 and a beta of 0.79. Teradata Co. has a 12-month low of $24.02 and a 12-month 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. The company’s 50-day moving average is $31.39 and its two-hundred day moving average is $30.89.

Teradata (NYSE:TDC) last released its earnings results on Monday, November 4th. The technology company reported $0.69 EPS for the quarter, topping 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 firm had revenue of $440.00 million during the quarter, compared to analysts’ expectations of $417.71 million. During the same period in the previous year, the company earned $0.14 EPS. Teradata’s revenue for the quarter was up .5% on a year-over-year basis. Research analysts expect that Teradata Co. will post 1.41 EPS for the current year.

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.