Mirae Asset Global Investments Co. Ltd. Buys 12,006 Shares of Teradata Co. (NYSE:TDC)

Mirae Asset Global Investments Co. Ltd. raised its holdings in shares of Teradata Co. (NYSE:TDC) by 36.0% in the 4th quarter, according to the company in its most recent Form 13F filing with the Securities and Exchange Commission. The fund owned 45,326 shares of the technology company’s stock after purchasing an additional 12,006 shares during the quarter. Mirae Asset Global Investments Co. Ltd.’s holdings in Teradata were worth $1,972,000 at the end of the most recent reporting period.

Other institutional investors and hedge funds have also made changes to their positions in the company. North Star Investment Management Corp. bought a new stake in shares of Teradata during the fourth quarter worth $26,000. International Assets Investment Management LLC bought a new stake in shares of Teradata during the third quarter worth $31,000. Smithfield Trust Co bought a new stake in shares of Teradata during the third quarter worth $34,000. Canada Pension Plan Investment Board bought a new stake in shares of Teradata during the first quarter worth $44,000. Finally, Rockefeller Capital Management L.P. lifted its position in shares of Teradata by 126.5% during the fourth quarter. Rockefeller Capital Management L.P. now owns 1,633 shares of the technology company’s stock worth $54,000 after purchasing an additional 912 shares during the last quarter. 90.31% of the stock is currently owned by institutional investors.

Teradata Price Performance

TDC opened at $36.33 on Friday. Teradata Co. has a 1 year low of $35.36 and a 1 year high of $57.73. The firm has a market capitalization of $3.55 billion, a PE ratio of 59.56, a price-to-earnings-growth ratio of 1.60 and a beta of 0.95. The company has a debt-to-equity ratio of 4.02, a current ratio of 0.87 and a quick ratio of 0.86. The business’s 50-day moving average is $38.10 and its two-hundred day moving average is $42.91.

Teradata (NYSE:TDC) last issued its quarterly earnings results on Monday, February 12th. The technology company reported $0.56 earnings per share for the quarter, topping analysts’ consensus estimates of $0.51 by $0.05. Teradata had a return on equity of 58.25% and a net margin of 3.38%. The business had revenue of $457.00 million for the quarter, compared to analyst estimates of $455.84 million. During the same quarter in the previous year, the firm earned $0.05 earnings per share. The company’s revenue was up 1.1% on a year-over-year basis. Research analysts anticipate that Teradata Co. will post 1.27 earnings per share for the current fiscal year.

Insider Transactions at Teradata

In other news, insider Hillary Ashton sold 9,743 shares of the business’s stock in a transaction dated Friday, March 1st. The stock was sold at an average price of $37.45, for a total transaction of $364,875.35. Following the sale, the insider now owns 156,704 shares in the company, valued at $5,868,564.80. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is available through this hyperlink. In related news, CEO Stephen Mcmillan sold 40,597 shares of Teradata stock in a transaction dated Thursday, February 22nd. The stock was sold at an average price of $38.22, for a total transaction of $1,551,617.34. Following the completion of the sale, the chief executive officer now owns 528,302 shares of the company’s stock, valued at $20,191,702.44. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is available at the SEC website. Also, insider Hillary Ashton sold 9,743 shares of Teradata stock in a transaction dated Friday, March 1st. The stock was sold at an average price of $37.45, for a total value of $364,875.35. Following the sale, the insider now directly owns 156,704 shares of the company’s stock, valued at approximately $5,868,564.80. The disclosure for this sale can be found here. Over the last 90 days, insiders have sold 76,615 shares of company stock worth $2,903,644. Insiders own 0.92% of the company’s stock.

Analysts Set New Price Targets

TDC has been the topic of several research reports. Morgan Stanley lowered Teradata from an “overweight” rating to an “equal weight” rating and cut their price target for the company from $74.00 to $48.00 in a research note on Tuesday, February 13th. Citigroup raised their price target on Teradata from $57.00 to $60.00 and gave the company a “buy” rating in a research note on Monday, February 12th. Bank of America lowered Teradata from a “buy” rating to a “neutral” rating and cut their price target for the company from $58.00 to $48.00 in a research note on Tuesday, February 13th. Royal Bank of Canada cut their price target on Teradata from $59.00 to $48.00 and set a “sector perform” rating on the stock in a research note on Tuesday, February 13th. Finally, JMP Securities restated a “market outperform” rating and set a $72.00 price target on shares of Teradata in a research note on Tuesday, February 13th. One investment analyst has rated the stock with a sell rating, three have assigned a hold rating and seven have given a buy rating to the stock. Based on data from MarketBeat.com, the company presently has a consensus rating of “Moderate Buy” and a consensus price target of $56.90.

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.