ING Groep NV Purchases 94,700 Shares of Teradata Co. (NYSE:TDC)

ING Groep NV boosted its position in Teradata Co. (NYSE:TDC) by 137.0% during the fourth quarter, according to its most recent disclosure with the Securities and Exchange Commission (SEC). The fund owned 163,800 shares of the technology company’s stock after acquiring an additional 94,700 shares during the quarter. ING Groep NV’s holdings in Teradata were worth $5,102,000 at the end of the most recent reporting period.

A number of other hedge funds have also added to or reduced their stakes in the company. Handelsbanken Fonder AB increased its stake in Teradata by 16.7% in the fourth quarter. Handelsbanken Fonder AB now owns 25,104 shares of the technology company’s stock valued at $782,000 after acquiring an additional 3,600 shares during the last quarter. Ieq Capital LLC increased its stake in Teradata by 751.4% in the fourth quarter. Ieq Capital LLC now owns 77,120 shares of the technology company’s stock valued at $2,402,000 after acquiring an additional 68,062 shares during the last quarter. Alberta Investment Management Corp bought a new position in Teradata in the fourth quarter valued at approximately $1,374,000. Kentucky Retirement Systems Insurance Trust Fund bought a new position in Teradata in the fourth quarter valued at approximately $180,000. Finally, Kestra Investment Management LLC boosted its position in Teradata by 53.0% in the fourth quarter. Kestra Investment Management LLC now owns 29,988 shares of the technology company’s stock valued at $934,000 after buying an additional 10,392 shares in the last quarter. 90.31% of the stock is owned by institutional investors.

Teradata Price Performance

TDC stock opened at $23.34 on Friday. The firm has a market cap of $2.23 billion, a price-to-earnings ratio of 19.94, a PEG ratio of 6.35 and a beta of 0.78. 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 $22.73 and a 12-month high of $39.70. The company’s fifty day simple moving average is $30.40 and its 200 day simple moving average is $29.98.

Teradata (NYSE:TDC) last released its earnings results on Tuesday, February 11th. The technology company reported $0.30 earnings per share (EPS) for the quarter, missing the consensus estimate of $0.44 by ($0.14). Teradata had a net margin of 6.51% and a return on equity of 149.16%. On average, analysts expect that Teradata Co. will post 1.31 earnings per share for the current year.

Analysts Set New Price Targets

A number of brokerages have weighed in on TDC. Barclays cut their target price on shares of Teradata from $30.00 to $25.00 and set an “underweight” rating on the stock in a research report on Wednesday, February 12th. UBS Group raised their target price on shares of Teradata from $24.00 to $26.00 and gave the company a “sell” rating in a research report on Tuesday, November 5th. Evercore ISI cut their target price on shares of Teradata from $37.00 to $32.00 and set an “outperform” rating on the stock in a research report on Wednesday, February 12th. Royal Bank of Canada cut their target price on shares of Teradata from $32.00 to $29.00 and set a “sector perform” rating on the stock in a research report on Wednesday, February 12th. Finally, JMP Securities restated a “market perform” rating on shares of Teradata in a research report on Thursday, February 13th. Three research analysts have rated the stock with a sell rating, four have assigned a hold rating and four have issued a buy rating to the stock. According to data from MarketBeat.com, the stock presently has a consensus rating of “Hold” and an average price target of $34.40.

Teradata 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.