Principal Financial Group Inc. Has $6.80 Million Stock Position in Teradata Co. (NYSE:TDC)

Principal Financial Group Inc. lessened its holdings in Teradata Co. (NYSE:TDC) by 30.6% during the third quarter, HoldingsChannel reports. The firm owned 224,227 shares of the technology company’s stock after selling 98,774 shares during the quarter. Principal Financial Group Inc.’s holdings in Teradata were worth $6,803,000 at the end of the most recent reporting period.

Other hedge funds and other institutional investors also recently modified their holdings of the company. AQR Capital Management LLC boosted its stake in Teradata by 60.9% in the second quarter. AQR Capital Management LLC now owns 2,136,209 shares of the technology company’s stock valued at $73,827,000 after buying an additional 808,691 shares in the last quarter. Lynrock Lake LP grew its holdings in shares of Teradata by 9.9% during the 2nd quarter. Lynrock Lake LP now owns 6,666,666 shares of the technology company’s stock valued at $230,400,000 after purchasing an additional 600,000 shares during the last quarter. Assenagon Asset Management S.A. increased its position in Teradata by 828.5% during the 3rd quarter. Assenagon Asset Management S.A. now owns 444,450 shares of the technology company’s stock worth $13,485,000 after purchasing an additional 396,584 shares in the last quarter. Pacer Advisors Inc. lifted its stake in Teradata by 21.7% in the 3rd quarter. Pacer Advisors Inc. now owns 2,071,302 shares of the technology company’s stock valued at $62,843,000 after purchasing an additional 369,123 shares during the last quarter. Finally, Robeco Institutional Asset Management B.V. boosted its position in Teradata by 1,553.7% in the third quarter. Robeco Institutional Asset Management B.V. now owns 186,170 shares of the technology company’s stock valued at $5,648,000 after buying an additional 174,912 shares in the last quarter. Institutional investors own 90.31% of the company’s stock.

Analyst Upgrades and Downgrades

Several research analysts have recently issued reports on the stock. Evercore ISI upped their price target on shares of Teradata from $34.00 to $37.00 and gave the stock an “outperform” rating in a report on Tuesday, October 15th. Barclays lifted their price target on Teradata from $29.00 to $30.00 and gave the company an “underweight” rating in a research note on Friday, December 6th. Royal Bank of Canada reiterated a “sector perform” rating and issued a $32.00 price objective on shares of Teradata in a report on Tuesday, November 5th. Northland Securities reduced their target price on shares of Teradata from $38.00 to $37.00 and set an “outperform” rating on the stock in a report on Tuesday, November 5th. Finally, UBS Group raised their price target on shares of Teradata from $24.00 to $26.00 and gave the company a “sell” rating in a research note on Tuesday, November 5th. Three equities research analysts have rated the stock with a sell rating, four have assigned a hold rating, four have given a buy rating and one has assigned a strong buy rating to the company’s stock. Based on data from MarketBeat.com, the company presently has an average rating of “Hold” and a consensus target price of $40.00.

Teradata Stock Up 0.4 %

Shares of NYSE:TDC opened at $31.15 on Thursday. The business’s 50-day moving average is $31.33 and its 200-day moving average is $30.83. Teradata Co. has a 1 year low of $24.02 and a 1 year high of $49.44. The company has a market capitalization of $2.98 billion, a price-to-earnings ratio of 37.08, a P/E/G ratio of 3.17 and a beta of 0.79. The company has a debt-to-equity ratio of 4.01, a current ratio of 0.80 and a quick ratio of 0.79.

Teradata (NYSE:TDC) last posted its quarterly earnings results on Monday, November 4th. The technology company reported $0.69 earnings per share (EPS) for the quarter, topping analysts’ consensus estimates of $0.56 by $0.13. The firm had revenue of $440.00 million for the quarter, compared to analysts’ expectations of $417.71 million. Teradata had a return on equity of 145.40% and a net margin of 4.56%. The company’s revenue for the quarter was up .5% compared to the same quarter last year. During the same period in the prior year, the business earned $0.14 EPS. Equities research analysts predict that Teradata Co. will post 1.41 earnings per share for the current 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.