JPMorgan Chase & Co. Buys 53,743 Shares of Teradata Co. (NYSE:TDC)

JPMorgan Chase & Co. increased its stake in shares of Teradata Co. (NYSE:TDC) by 9.6% during the fourth quarter, according to the company in its most recent disclosure with the Securities & Exchange Commission. The firm owned 611,264 shares of the technology company’s stock after acquiring an additional 53,743 shares during the period. JPMorgan Chase & Co.’s holdings in Teradata were worth $19,041,000 as of its most recent SEC filing.

Other institutional investors have also added to or reduced their stakes in the company. UNICOM Systems Inc. acquired a new position in Teradata during the 4th quarter worth approximately $3,162,000. Unified Investment Management bought a new stake in shares of Teradata in the fourth quarter worth $932,000. Victory Capital Management Inc. grew its position in Teradata by 742.5% in the fourth quarter. Victory Capital Management Inc. now owns 1,127,141 shares of the technology company’s stock valued at $35,110,000 after purchasing an additional 993,358 shares in the last quarter. Versant Capital Management Inc lifted its position in Teradata by 210.2% during the 4th quarter. Versant Capital Management Inc now owns 2,578 shares of the technology company’s stock worth $80,000 after buying an additional 1,747 shares in the last quarter. Finally, Merit Financial Group LLC acquired a new position in shares of Teradata during the 4th quarter worth about $316,000. 90.31% of the stock is owned by institutional investors.

Teradata Stock Performance

TDC opened at $20.68 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 company has a market capitalization of $1.99 billion, a PE ratio of 17.68, a price-to-earnings-growth ratio of 6.23 and a beta of 0.87. The business has a fifty day simple moving average of $23.90 and a 200 day simple moving average of $28.71. Teradata Co. has a 1 year low of $18.43 and a 1 year high of $38.45.

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 net margin of 6.51% and a return on equity of 149.16%. Research analysts expect that Teradata Co. will post 1.31 EPS for the current year.

Wall Street Analysts Forecast Growth

TDC has been the topic of several recent analyst reports. StockNews.com lowered Teradata from a “strong-buy” rating to a “buy” rating in a research report on Tuesday. Morgan Stanley raised shares of Teradata from an “equal weight” rating to an “overweight” rating and set a $26.00 price target on the stock in a research report on Tuesday. Barclays decreased their price objective on shares of Teradata from $30.00 to $25.00 and set an “underweight” rating for the company in a research report on Wednesday, February 12th. Guggenheim dropped their target price on shares of Teradata from $42.00 to $37.00 and set a “buy” rating on the stock in a report on Wednesday, February 12th. Finally, Evercore ISI lowered their price target on Teradata from $37.00 to $32.00 and set an “outperform” rating on the stock in a research report on Wednesday, February 12th. Three equities research analysts have rated the stock with a sell rating, three have assigned a hold rating and five have given a buy rating to the company. According to MarketBeat.com, the stock presently has an average rating of “Hold” and a consensus price target of $34.00.

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.