The Vanguard Group, Inc. recently announced the acquisition of new stake in Teradata Corp (NYSE:TDC). The institutional investor has increased its shareholding in the Technology company by 4.49% to 11.52 million shares with purchase of 0.5 million shares. This fresh investment now brings its stake to 11.78% valued currently at $544.26 million. In addition, Lynrock Lake LP raised its holdings by 91044.0 to 5.07 million shares. And SSgA Funds Management, Inc. has lifted its position by 0.10% or 2944.0 shares – to 2.96 million shares.
With over 0.46 million Teradata Corp (TDC) shares trading Friday and a closing price of $44.10 on the day, the dollar volume was approximately $20.4 million. The shares have shown a negative half year performance of -13.00% and its price on 12/22/23 gained nearly 0.18%. Currently, there are 101.10M common shares owned by the public and among those 96.28M shares have been available to trade.
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Insiders at the company have transacted a total of 75 times over the past 12 months, according to data filed with the U.S. Securities and Exchange Commission (SEC). 22 of these insider trades were purchases, accounting for 867,773 shares. Insider sales of the common stock occurred on 53 occasions, with total insider shares sold totaling 671,816 shares.
The top 3 mutual fund holders in Teradata Corp are Vanguard Total Stock Market ETF, iShares Core S&P Mid Cap ETF, and Vanguard Small Cap Index Fund. Vanguard Total Stock Market ETF owns 3.11 million shares of the company’s stock, all valued at over $146.99 million. The company bought an additional 3437.0 shares recently to bring their total holdings to about 3.18% of the shares outstanding. iShares Core S&P Mid Cap ETF bought 547.0 shares to see its total holdings expand to 3.08 million shares valued at over $145.61 million and representing 3.15% of the shares outstanding. Vanguard Small Cap Index Fund bought 11440.0 shares to bring its total holdings to over 2.59 million shares at a value of $122.28 million. Vanguard Small Cap Index Fund now owns shares totaling to 2.65% of the shares outstanding.
Shares of Teradata Corp (NYSE: TDC) opened at $44.11, up $0.09 from a prior closing price of $44.02. However, the script later moved the day high at 44.30, up 0.18%. The company’s stock has a 5-day price change of 2.87% and -0.97% over the past three months. TDC shares are trading 31.02% year to date (YTD), with the 12-month market performance up to 32.23% higher. It has a 12-month low price of $32.33 and touched a high of $57.73 over the same period. TDC has an average intraday trading volume of 856.84K shares. The stock is trading above its simple moving averages at the SMA20, SMA50, and SMA200, as the current price level is off by -2.18%, -1.99%, and -3.56% respectively.
Institutional ownership of Teradata Corp (NYSE: TDC) shares accounts for 92.49% of the company’s 101.10M shares outstanding. Mutual fund holders own 5.76%, while other institutional holders and individual stakeholders account for 53.02% and 40.46% respectively.
It has a market capitalization of $4.31B and a beta (3y monthly) value of 1.05. The stock’s trailing 12-month PE ratio is 73.59, while the earnings-per-share (ttm) stands at $0.60. The company has a PEG of 3.39 and a Quick Ratio of 0.82 with the debt-to-equity ratio at 5.33. Price movements for the stock have been influenced by the stock’s volatility, which stands at 1.82% over the week and 2.47% over the month.
Analysts forecast that Teradata Corp (TDC) will achieve an EPS of $0.51 for the current quarter, $0.73 for the next quarter and $2.38 for 2024. The lowest estimate earnings-per-share for the quarter is $0.48 while analysts give the company a high EPS estimate of $0.53. Comparatively, EPS for the current quarter was $0.35 a year ago. Earnings per share for the fiscal year are expected to increase by 22.81%, and 18.02% over the next financial year.
If you are looking to buy this stock, then you may note that the average analyst recommendation by 12 brokerage firm advisors rate Teradata Corp (TDC) as a “Strong Buy” at a consensus score of 1.75. Specifically, 8 Wall Street analysts polled rate the stock as a buy, while 2 of the 12 advise that investors “hold,” and 1 rated it as a “Sell.”
Looking at the support for the TDC, a number of firms have released research notes about the stock. Evercore ISI stated their Outperform rating for the stock in a research note on September 28, 2023, with the firm’s price target at $65.
