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

JPMorgan Chase & Co. raised its stake in shares of Teradata Co. (NYSE:TDC) by 6.3% in the third quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission. The fund owned 557,521 shares of the technology company’s stock after buying an additional 32,940 shares during the quarter. JPMorgan Chase & Co. owned about 0.58% of Teradata worth $16,915,000 at the end of the most recent quarter.

Several other hedge funds have also added to or reduced their stakes in TDC. Victory Capital Management Inc. increased its position in shares of Teradata by 59.3% during the second quarter. Victory Capital Management Inc. now owns 131,204 shares of the technology company’s stock valued at $4,534,000 after acquiring an additional 48,822 shares in the last quarter. Arizona State Retirement System raised its stake in shares of Teradata by 1.5% in the second quarter. Arizona State Retirement System now owns 27,268 shares of the technology company’s stock worth $942,000 after purchasing an additional 390 shares during the last quarter. Savant Capital LLC bought a new position in shares of Teradata during the second quarter valued at $541,000. Texas Permanent School Fund Corp boosted its position in shares of Teradata by 2.5% during the second quarter. Texas Permanent School Fund Corp now owns 87,726 shares of the technology company’s stock valued at $3,032,000 after buying an additional 2,132 shares during the last quarter. Finally, Oppenheimer Asset Management Inc. increased its holdings in Teradata by 17.7% in the 2nd quarter. Oppenheimer Asset Management Inc. now owns 129,212 shares of the technology company’s stock worth $4,466,000 after buying an additional 19,475 shares in the last quarter. 90.31% of the stock is owned by institutional investors.

Teradata Stock Down 2.5 %

Shares of NYSE:TDC opened at $30.35 on Friday. Teradata Co. has a 12 month low of $24.02 and a 12 month high of $49.44. 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 50-day moving average price of $31.20 and a 200 day moving average price of $30.75. The company has a market cap of $2.90 billion, a price-to-earnings ratio of 36.13, a PEG ratio of 3.17 and a beta of 0.79.

Teradata (NYSE:TDC) last issued 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 company had revenue of $440.00 million during the quarter, compared to the consensus estimate of $417.71 million. Teradata had a return on equity of 145.40% and a net margin of 4.56%. Teradata’s revenue was up .5% on a year-over-year basis. During the same period last year, the company earned $0.14 earnings per share. As a group, equities research analysts predict that Teradata Co. will post 1.41 earnings per share for the current year.

Wall Street Analysts Forecast Growth

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

About Teradata

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.