Handelsbanken Fonder AB Raises Stock Holdings in Teradata Co. (NYSE:TDC)

Handelsbanken Fonder AB lifted its holdings in shares of Teradata Co. (NYSE:TDC) by 16.7% in the fourth quarter, according to its most recent disclosure with the Securities and Exchange Commission. The fund owned 25,104 shares of the technology company’s stock after acquiring an additional 3,600 shares during the quarter. Handelsbanken Fonder AB’s holdings in Teradata were worth $782,000 at the end of the most recent quarter.

A number of other institutional investors and hedge funds also recently modified their holdings of the business. Crossmark Global Holdings Inc. increased its position in shares of Teradata by 4.6% during the third quarter. Crossmark Global Holdings Inc. now owns 7,228 shares of the technology company’s stock valued at $219,000 after acquiring an additional 315 shares during the last quarter. Venturi Wealth Management LLC increased 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 valued at $66,000 after acquiring an additional 365 shares during the last quarter. Tealwood Asset Management Inc. increased its position in shares of Teradata by 0.9% during the fourth 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 last quarter. Sumitomo Mitsui DS Asset Management Company Ltd increased 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 valued at $361,000 after acquiring an additional 431 shares during the last quarter. Finally, Harbor Capital Advisors Inc. increased its position in shares of Teradata by 2.1% during the third quarter. Harbor Capital Advisors Inc. now owns 20,949 shares of the technology company’s stock valued at $636,000 after acquiring an additional 434 shares during the last quarter. 90.31% of the stock is owned by hedge funds and other institutional investors.

Teradata Price Performance

Shares of NYSE TDC opened at $23.79 on Friday. The stock has a market cap of $2.28 billion, a PE ratio of 20.34, a price-to-earnings-growth ratio of 6.23 and a beta of 0.78. Teradata Co. has a fifty-two week low of $22.73 and a fifty-two week high of $39.70. The company has a debt-to-equity ratio of 3.65, a quick ratio of 0.79 and a current ratio of 0.81. The stock has a fifty day moving average of $29.56 and a 200-day moving average of $29.93.

Teradata (NYSE:TDC) last announced its quarterly 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%. Equities research analysts anticipate that Teradata Co. will post 1.31 earnings per share for the current year.

Wall Street Analyst Weigh In

A number of analysts have issued reports on the company. Royal Bank of Canada decreased their target price 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. Evercore ISI decreased their target price on Teradata from $37.00 to $32.00 and set an “outperform” rating for the company in a research report on Wednesday, February 12th. JMP Securities reissued a “market perform” rating on shares of Teradata in a research report on Thursday, February 13th. Barclays decreased their target price on Teradata from $30.00 to $25.00 and set an “underweight” rating for the company in a research report on Wednesday, February 12th. Finally, StockNews.com downgraded Teradata from a “strong-buy” rating to a “buy” rating in a research report on Thursday, February 13th. Three 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 stock. According to MarketBeat, Teradata 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.