Knowledge Leaders Capital LLC Buys New Position in Teradata Co. (TDC)
Knowledge Leaders Capital LLC bought a new position in shares of Teradata Co. (NYSE:TDC) in the 4th quarter, Holdings Channel reports. The firm bought 63,682 shares of the technology company’s stock, valued at approximately $2,449,000. Teradata accounts for about 2.0% of Knowledge Leaders Capital LLC’s portfolio, making the stock its 23rd biggest position.
Other hedge funds have also bought and sold shares of the company. State of Tennessee Treasury Department purchased a new stake in Teradata during the third quarter worth approximately $2,703,000. Cornerstone Capital Management Holdings LLC. lifted its stake in Teradata by 2,458.9% in the third quarter. Cornerstone Capital Management Holdings LLC. now owns 305,531 shares of the technology company’s stock valued at $10,322,000 after buying an additional 293,591 shares during the last quarter. Virginia Retirement Systems ET AL lifted its stake in Teradata by 171.9% in the third quarter. Virginia Retirement Systems ET AL now owns 34,800 shares of the technology company’s stock valued at $1,176,000 after buying an additional 22,000 shares during the last quarter. Lockheed Martin Investment Management Co. purchased a new stake in Teradata in the third quarter valued at approximately $1,304,000. Finally, Jupiter Asset Management Ltd. lifted its stake in Teradata by 7.6% in the third quarter. Jupiter Asset Management Ltd. now owns 2,392,621 shares of the technology company’s stock valued at $80,847,000 after buying an additional 169,000 shares during the last quarter.
Teradata Co. (TDC) traded down $0.55 during trading on Tuesday, reaching $37.77. The company’s stock had a trading volume of 1,283,341 shares, compared to its average volume of 962,110. The company has a debt-to-equity ratio of 0.69, a current ratio of 1.61 and a quick ratio of 1.56. The firm has a market capitalization of $4,570.00, a price-to-earnings ratio of 75.54, a price-to-earnings-growth ratio of 12.77 and a beta of 1.26. Teradata Co. has a 12 month low of $27.05 and a 12 month high of $39.33.
A number of equities research analysts have weighed in on TDC shares. Mizuho reiterated an “underperform” rating and issued a $32.00 price objective (up previously from $26.00) on shares of Teradata in a research note on Wednesday, November 1st. UBS Group upped their price target on Teradata from $24.00 to $30.00 and gave the stock a “sell” rating in a research note on Thursday, November 9th. Morgan Stanley upped their price objective on Teradata from $29.00 to $31.00 and gave the stock an “underweight” rating in a report on Friday, November 3rd. Summit Redstone raised Teradata from a “hold” rating to a “buy” rating in a report on Monday, November 13th. Finally, BMO Capital Markets upped their target price on Teradata from $32.00 to $40.00 and gave the company a “market perform” rating in a report on Friday, November 3rd. Four analysts have rated the stock with a sell rating, eight have assigned a hold rating and one has given a buy rating to the stock. The stock presently has an average rating of “Hold” and a consensus target price of $33.00.
In other news, CFO Mark Culhane bought 4,500 shares of the stock in a transaction on Friday, December 1st. The shares were bought at an average price of $37.66 per share, with a total value of $169,470.00. Following the completion of the acquisition, the chief financial officer now owns 29,924 shares of the company’s stock, valued at $1,126,937.84. The acquisition was disclosed in a legal filing with the Securities & Exchange Commission, which can be accessed through this link. 1.73% of the stock is currently owned by corporate insiders.
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Teradata Corporation is a provider of analytic data platforms, analytic applications and related services. The Company’s segments include Americas region (North America and Latin America) and International region (Europe, Middle East, Africa, Asia Pacific and Japan). Its offerings include analytics solutions, ecosystem architecture consulting and hybrid cloud solutions.
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