Sumitomo Mitsui DS Asset Management Company Ltd Increases Stock Position in Teradata Co. (NYSE:TDC)

Sumitomo Mitsui DS Asset Management Company Ltd raised its holdings in Teradata Co. (NYSE:TDC) by 3.9% during the 4th quarter, according to its most recent disclosure with the Securities and Exchange Commission (SEC). The institutional investor owned 11,596 shares of the technology company’s stock after purchasing an additional 431 shares during the period. Sumitomo Mitsui DS Asset Management Company Ltd’s holdings in Teradata were worth $361,000 at the end of the most recent reporting period.

Several other institutional investors and hedge funds also recently modified their holdings of the business. Point72 Asset Management L.P. acquired a new position in shares of Teradata in the third quarter valued at approximately $27,000. GAMMA Investing LLC raised its position in shares of Teradata by 88.0% in the third quarter. GAMMA Investing LLC now owns 955 shares of the technology company’s stock valued at $29,000 after buying an additional 447 shares during the last quarter. Brooklyn Investment Group acquired a new position in shares of Teradata in the third quarter valued at approximately $32,000. Independence Bank of Kentucky acquired a new position in shares of Teradata in the fourth quarter valued at approximately $37,000. Finally, Allworth Financial LP raised its position in shares of 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 buying an additional 569 shares during the last quarter. Hedge funds and other institutional investors own 90.31% of the company’s stock.

Teradata Stock Performance

Shares of TDC stock opened at $24.61 on Thursday. The company’s fifty day simple moving average is $31.53 and its 200-day simple moving average is $30.31. Teradata Co. has a 52 week low of $22.73 and a 52 week high of $39.70. The company has a current ratio of 0.80, a quick ratio of 0.79 and a debt-to-equity ratio of 4.01. The company has a market cap of $2.36 billion, a PE ratio of 29.30, a P/E/G ratio of 3.19 and a beta of 0.78.

Teradata (NYSE:TDC) last issued its earnings results on Tuesday, February 11th. The technology company reported $0.30 EPS for the quarter, missing analysts’ consensus estimates of $0.44 by ($0.14). Teradata had a net margin of 4.56% and a return on equity of 145.40%. As a group, equities research analysts anticipate that Teradata Co. will post 1.41 EPS for the current year.

Analyst Upgrades and Downgrades

TDC has been the subject of a number of analyst reports. Evercore ISI cut their price objective on shares of Teradata from $37.00 to $32.00 and set an “outperform” rating for the company in a research report on Wednesday. UBS Group boosted their price objective on shares of Teradata from $24.00 to $26.00 and gave the company a “sell” rating in a research report on Tuesday, November 5th. Northland Securities cut their price objective on shares of Teradata from $38.00 to $37.00 and set an “outperform” rating for the company in a research report on Tuesday, November 5th. Guggenheim dropped their price target on shares of Teradata from $42.00 to $37.00 and set a “buy” rating for the company in a research report on Wednesday. Finally, Royal Bank of Canada cut their price target on shares of Teradata from $32.00 to $29.00 and set a “sector perform” rating on the stock in a research note on Wednesday. Three equities research analysts have rated the stock with a sell rating, four have assigned a hold rating, three have assigned a buy rating and one has assigned a strong buy rating to the company’s stock. According to MarketBeat, Teradata currently has a consensus rating of “Hold” and a consensus target price of $34.40.

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.