Mitsubishi UFJ Asset Management Co. Ltd. Acquires 13,847 Shares of Teradata Corporation (NYSE:TDC)

Mitsubishi UFJ Asset Management Co. Ltd. lifted its holdings in Teradata Corporation (NYSE:TDC) by 63.4% during the first quarter, HoldingsChannel reports. The firm owned 35,689 shares of the technology company’s stock after purchasing an additional 13,847 shares during the period. Mitsubishi UFJ Asset Management Co. Ltd.’s holdings in Teradata were worth $802,000 as of its most recent filing with the SEC.

A number of other institutional investors have also made changes to their positions in the business. Vanguard Group Inc. increased its stake in shares of Teradata by 5.6% in the first quarter. Vanguard Group Inc. now owns 13,774,843 shares of the technology company’s stock worth $309,658,000 after purchasing an additional 728,333 shares during the period. Ameriprise Financial Inc. increased its stake in shares of Teradata by 12.4% in the fourth quarter. Ameriprise Financial Inc. now owns 5,450,428 shares of the technology company’s stock worth $169,756,000 after purchasing an additional 599,394 shares during the period. AQR Capital Management LLC grew its position in Teradata by 17.2% during the fourth quarter. AQR Capital Management LLC now owns 2,839,658 shares of the technology company’s stock worth $88,029,000 after buying an additional 416,585 shares in the last quarter. LSV Asset Management increased its stake in Teradata by 95.6% during the first quarter. LSV Asset Management now owns 1,588,999 shares of the technology company’s stock valued at $35,721,000 after acquiring an additional 776,799 shares during the period. Finally, Charles Schwab Investment Management Inc. increased its stake in Teradata by 10.0% during the first quarter. Charles Schwab Investment Management Inc. now owns 1,339,577 shares of the technology company’s stock valued at $30,114,000 after acquiring an additional 121,923 shares during the period. 90.31% of the stock is currently owned by institutional investors.

Analyst Ratings Changes

Several equities analysts recently issued reports on the company. Northland Securities lowered Teradata from an “outperform” rating to a “market perform” rating and set a $21.00 price target on the stock. in a research note on Wednesday, May 7th. Guggenheim lowered their price target on Teradata from $37.00 to $35.00 and set a “buy” rating on the stock in a research note on Wednesday, May 7th. Northland Capmk lowered Teradata from a “strong-buy” rating to a “hold” rating in a research note on Wednesday, May 7th. Wall Street Zen upgraded Teradata from a “hold” rating to a “buy” rating in a research note on Saturday, June 14th. Finally, Barclays lowered their price target on Teradata from $25.00 to $22.00 and set an “underweight” rating on the stock in a research note on Monday, April 21st. One research analyst has rated the stock with a sell rating, five have issued a hold rating and four have given a buy rating to the company. According to data from MarketBeat.com, the stock presently has a consensus rating of “Hold” and an average price target of $26.86.

Teradata Trading Up 3.9%

TDC stock opened at $21.42 on Thursday. Teradata Corporation has a 1-year low of $18.43 and a 1-year high of $33.69. The firm has a market cap of $2.02 billion, a P/E ratio of 18.96, a P/E/G ratio of 4.91 and a beta of 0.83. The business’s 50 day moving average is $21.84 and its 200-day moving average is $22.96. The company has a current ratio of 0.84, a quick ratio of 0.84 and a debt-to-equity ratio of 2.78.

Teradata (NYSE:TDC) last released its quarterly earnings data on Tuesday, August 5th. The technology company reported $0.47 earnings per share for the quarter, beating the consensus estimate of $0.41 by $0.06. The company had revenue of $408.00 million for the quarter, compared to analyst estimates of $399.73 million. Teradata had a return on equity of 96.29% and a net margin of 6.57%. The company’s revenue was down 6.4% compared to the same quarter last year. During the same period in the prior year, the company posted $0.64 EPS. Equities analysts anticipate that Teradata Corporation will post 1.31 earnings per share for the current fiscal 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.