Teradata Co. (NYSE:TDC) Shares Acquired by State of New Jersey Common Pension Fund D

State of New Jersey Common Pension Fund D boosted its holdings in Teradata Co. (NYSE:TDC) by 0.8% in the fourth quarter, according to its most recent disclosure with the Securities & Exchange Commission. The institutional investor owned 71,158 shares of the technology company’s stock after purchasing an additional 568 shares during the quarter. State of New Jersey Common Pension Fund D’s holdings in Teradata were worth $2,217,000 as of its most recent SEC filing.

Other institutional investors and hedge funds have also recently added to or reduced their stakes in the company. Point72 Asset Management L.P. acquired a new position in Teradata in the third quarter valued at approximately $27,000. Brooklyn Investment Group acquired a new position in Teradata in the third quarter valued at approximately $32,000. Independence Bank of Kentucky acquired a new position in Teradata in the fourth quarter valued at approximately $37,000. Allworth Financial LP boosted its holdings in Teradata by 75.2% in the third quarter. Allworth Financial LP now owns 1,326 shares of the technology company’s stock valued at $40,000 after purchasing an additional 569 shares in the last quarter. Finally, International Assets Investment Management LLC boosted its holdings in Teradata by 2,934.1% in the third quarter. International Assets Investment Management LLC now owns 1,335 shares of the technology company’s stock valued at $44,000 after purchasing an additional 1,291 shares in the last quarter. 90.31% of the stock is owned by institutional investors and hedge funds.

Wall Street Analyst Weigh In

A number of brokerages recently issued reports on TDC. Barclays lowered their price target on Teradata from $30.00 to $25.00 and set an “underweight” rating for the company in a report on Wednesday, February 12th. StockNews.com cut Teradata from a “strong-buy” rating to a “buy” rating in a research note on Thursday, February 13th. Evercore ISI reduced their price objective on Teradata from $37.00 to $32.00 and set an “outperform” rating for the company in a research note on Wednesday, February 12th. Royal Bank of Canada reduced their price objective on Teradata from $32.00 to $29.00 and set a “sector perform” rating for the company in a research note on Wednesday, February 12th. Finally, UBS Group boosted 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 equities research analysts have rated the stock with a sell rating, four have assigned a hold rating and four have given a buy rating to the company’s stock. Based on data from MarketBeat.com, the company currently has a consensus rating of “Hold” and an average price target of $34.40.

Teradata Price Performance

Teradata stock opened at $23.34 on Friday. Teradata Co. has a 12 month low of $22.73 and a 12 month high of $39.70. The company has a debt-to-equity ratio of 3.65, a current ratio of 0.81 and a quick ratio of 0.79. The business has a 50 day simple moving average of $30.40 and a 200-day simple moving average of $29.98. The stock has a market capitalization of $2.23 billion, a PE ratio of 19.94, a price-to-earnings-growth ratio of 6.35 and a beta of 0.78.

Teradata (NYSE:TDC) last released its quarterly earnings results on Tuesday, February 11th. The technology company reported $0.30 EPS for the quarter, missing the consensus estimate of $0.44 by ($0.14). Teradata had a return on equity of 149.16% and a net margin of 6.51%. Equities analysts predict that Teradata Co. will post 1.31 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.