Teacher Retirement System of Texas Purchases 29,310 Shares of Teradata Co. (NYSE:TDC)

Teacher Retirement System of Texas lifted its holdings in Teradata Co. (NYSE:TDC) by 57.2% during the fourth quarter, according to its most recent Form 13F filing with the SEC. The firm owned 80,566 shares of the technology company’s stock after purchasing an additional 29,310 shares during the period. Teacher Retirement System of Texas’ holdings in Teradata were worth $2,510,000 as of its most recent filing with the SEC.

Other large investors have also made changes to their positions in the company. Xponance Inc. lifted its holdings in shares of Teradata by 2.3% during the fourth quarter. Xponance Inc. now owns 19,074 shares of the technology company’s stock worth $594,000 after buying an additional 428 shares during the last quarter. Essential Planning LLC. acquired a new position in Teradata during the 4th quarter valued at $431,000. Wealthfront Advisers LLC bought a new stake in Teradata in the 4th quarter valued at $161,000. Raymond James Financial Inc. acquired a new stake in Teradata in the 4th quarter worth $3,321,000. Finally, M&T Bank Corp increased its holdings in shares of Teradata by 8.1% during the 4th quarter. M&T Bank Corp now owns 9,412 shares of the technology company’s stock worth $293,000 after purchasing an additional 707 shares during the period. Institutional investors and hedge funds own 90.31% of the company’s stock.

Wall Street Analysts Forecast Growth

TDC has been the subject of several research reports. Evercore ISI decreased their target price on Teradata from $37.00 to $32.00 and set an “outperform” rating on the stock in a research report on Wednesday, February 12th. Guggenheim decreased their price objective on Teradata from $42.00 to $37.00 and set a “buy” rating on the stock in a report on Wednesday, February 12th. StockNews.com upgraded Teradata from a “buy” rating to a “strong-buy” rating in a research note on Thursday, March 13th. Royal Bank of Canada decreased 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, February 12th. Finally, Barclays dropped their price objective on shares of Teradata from $30.00 to $25.00 and set an “underweight” rating for the company in a research note on Wednesday, February 12th. Three analysts have rated the stock with a sell rating, four have assigned a hold rating, three have issued a buy rating and one has assigned a strong buy rating to the stock. According to MarketBeat, Teradata currently has an average rating of “Hold” and a consensus target price of $34.40.

Teradata Price Performance

NYSE:TDC opened at $23.70 on Thursday. The firm has a market cap of $2.24 billion, a PE ratio of 20.25, a price-to-earnings-growth ratio of 6.23 and a beta of 0.75. The company’s 50-day moving average price is $26.62 and its two-hundred day moving average price is $29.36. The company has a quick ratio of 0.79, a current ratio of 0.81 and a debt-to-equity ratio of 3.65. Teradata Co. has a 12 month low of $21.80 and a 12 month high of $39.70.

Teradata (NYSE:TDC) last released its quarterly 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 return on equity of 149.16% and a net margin of 6.51%. On average, equities analysts anticipate that Teradata Co. will post 1.31 EPS for the current fiscal 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.