JPMorgan Chase & Co. Buys 32,940 Shares of Teradata Co. (NYSE:TDC)

JPMorgan Chase & Co. boosted its stake in shares of Teradata Co. (NYSE:TDCFree Report) by 6.3% in the third quarter, HoldingsChannel reports. The institutional investor owned 557,521 shares of the technology company’s stock after purchasing an additional 32,940 shares during the period. JPMorgan Chase & Co.’s holdings in Teradata were worth $16,915,000 at the end of the most recent quarter.

Other large investors also recently added to or reduced their stakes in the company. Point72 Asset Management L.P. bought a new position in shares of Teradata during the third quarter valued at approximately $27,000. GAMMA Investing LLC boosted its position in Teradata by 88.0% during the third quarter. GAMMA Investing LLC now owns 955 shares of the technology company’s stock valued at $29,000 after purchasing an additional 447 shares in the last quarter. Brooklyn Investment Group purchased a new stake in shares of Teradata during the third quarter valued at about $32,000. Allworth Financial LP grew its position in shares of Teradata by 75.2% in the 3rd quarter. Allworth Financial LP now owns 1,326 shares of the technology company’s stock worth $40,000 after buying an additional 569 shares during the last quarter. Finally, International Assets Investment Management LLC lifted its position in Teradata by 2,934.1% during the third quarter. International Assets Investment Management LLC now owns 1,335 shares of the technology company’s stock valued at $44,000 after acquiring an additional 1,291 shares during the last quarter. 90.31% of the stock is owned by hedge funds and other institutional investors.

Teradata Stock Performance

Shares of TDC stock opened at $30.35 on Friday. The company has a quick ratio of 0.79, a current ratio of 0.80 and a debt-to-equity ratio of 4.01. Teradata Co. has a 52-week low of $24.02 and a 52-week high of $49.44. The business has a 50-day simple moving average of $31.20 and a 200-day simple moving average of $30.75. The stock has a market cap of $2.90 billion, a PE ratio of 36.13, a price-to-earnings-growth ratio of 3.17 and a beta of 0.79.

Teradata (NYSE:TDCGet Free Report) last released its quarterly earnings results on Monday, November 4th. The technology company reported $0.69 EPS for the quarter, beating the consensus estimate of $0.56 by $0.13. Teradata had a net margin of 4.56% and a return on equity of 145.40%. The company had revenue of $440.00 million for the quarter, compared to analyst estimates of $417.71 million. During the same quarter last year, the business earned $0.14 earnings per share. The firm’s revenue was up .5% on a year-over-year basis. On average, equities analysts expect that Teradata Co. will post 1.41 EPS for the current year.

Wall Street Analyst Weigh In

Several analysts have recently commented on TDC shares. Evercore ISI increased their price objective on Teradata from $34.00 to $37.00 and gave the company an “outperform” rating in a report on Tuesday, October 15th. Barclays boosted their price target on Teradata from $29.00 to $30.00 and gave the stock 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 target price on shares of Teradata in a research note on Tuesday, November 5th. Northland Securities decreased their price target on shares of Teradata from $38.00 to $37.00 and set an “outperform” rating for the company in a report on Tuesday, November 5th. Finally, 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 report on Tuesday, November 5th. Three equities research analysts have rated the stock with a sell rating, four have given a hold rating, four have given a buy rating and one has issued a strong buy rating to the stock. Based on data from MarketBeat.com, the stock currently has a consensus rating of “Hold” and a consensus price target of $40.00.

Check Out Our Latest Report on TDC

Teradata Company Profile

(Free Report)

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.

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Institutional Ownership by Quarter for Teradata (NYSE:TDC)

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