1,165,812 Shares in Teradata Co. (NYSE:TDC) Purchased by Norges Bank

Norges Bank bought a new stake in Teradata Co. (NYSE:TDC) during the fourth quarter, according to the company in its most recent disclosure with the Securities & Exchange Commission. The institutional investor bought 1,165,812 shares of the technology company’s stock, valued at approximately $36,315,000.

Other hedge funds also recently bought and sold shares of the company. Venturi Wealth Management LLC boosted its position in shares of Teradata by 20.9% during the fourth quarter. Venturi Wealth Management LLC now owns 2,109 shares of the technology company’s stock worth $66,000 after buying an additional 365 shares during the period. Tealwood Asset Management Inc. boosted its holdings in Teradata by 0.9% during the 4th quarter. Tealwood Asset Management Inc. now owns 40,652 shares of the technology company’s stock valued at $1,266,000 after acquiring an additional 368 shares during the period. Xponance Inc. increased its stake in Teradata by 2.3% during the fourth quarter. Xponance Inc. now owns 19,074 shares of the technology company’s stock worth $594,000 after purchasing an additional 428 shares during the period. Sumitomo Mitsui DS Asset Management Company Ltd lifted its position in shares of Teradata by 3.9% during the fourth quarter. Sumitomo Mitsui DS Asset Management Company Ltd now owns 11,596 shares of the technology company’s stock worth $361,000 after purchasing an additional 431 shares in the last quarter. Finally, Wealth Enhancement Advisory Services LLC lifted its position in shares of Teradata by 2.3% during the fourth quarter. Wealth Enhancement Advisory Services LLC now owns 20,383 shares of the technology company’s stock worth $618,000 after purchasing an additional 455 shares in the last quarter. Hedge funds and other institutional investors own 90.31% of the company’s stock.

Teradata Stock Performance

NYSE:TDC opened at $19.73 on Friday. 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 firm has a market cap of $1.89 billion, a price-to-earnings ratio of 16.86, a price-to-earnings-growth ratio of 6.23 and a beta of 0.87. The firm’s fifty day moving average price is $25.33 and its 200 day moving average price is $29.08. Teradata Co. has a 1-year low of $19.43 and a 1-year high of $38.82.

Teradata (NYSE:TDC) last issued its earnings results on Tuesday, February 11th. The technology company reported $0.30 earnings per share for the quarter, missing the consensus estimate of $0.44 by ($0.14). Teradata had a net margin of 6.51% and a return on equity of 149.16%. On average, sell-side analysts expect that Teradata Co. will post 1.31 EPS for the current year.

Analysts Set New Price Targets

A number of research firms have recently weighed in on TDC. Guggenheim cut their price objective on Teradata from $42.00 to $37.00 and set a “buy” rating on the stock in a research report on Wednesday, February 12th. StockNews.com lowered Teradata from a “strong-buy” rating to a “buy” rating in a research report on Saturday, March 29th. Royal Bank of Canada lowered their price objective on Teradata from $32.00 to $29.00 and set a “sector perform” rating for the company in a research report on Wednesday, February 12th. JMP Securities reiterated a “market perform” rating on shares of Teradata in a research note on Thursday, February 13th. Finally, Evercore ISI dropped their price objective on shares of Teradata from $37.00 to $32.00 and set an “outperform” rating on the stock in a research report on Wednesday, February 12th. Three investment analysts have rated the stock with a sell rating, four have issued a hold rating and four have given a buy rating to the company’s stock. Based on data from MarketBeat, the stock currently has a consensus rating of “Hold” and an average price target of $34.30.

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.