Here’s What Makes Teradata (TDC) A Great Investment Choice

First Eagle Investment Management, an investment management firm, published its third-quarter 2021 investor letter – a copy of which can be downloaded here. A net return of -1.93% was delivered by its Global Fund for the third quarter of 2021. The Global Fund underperformed the MSCI World Index in the period. You can take a look at the fund’s top 5 holdings to have an idea about their best picks for 2021.

First Eagle Investment Management, in its Q3 2021 investor letter, mentioned Teradata Corporation (NYSE: TDC) and discussed its stance on the firm. Teradata Corporation is a San Diego, California-based software company with a $4.8 billion market capitalization. TDC delivered a 100.31% return since the beginning of the year, while its 12-month returns are up by 100.31%. The stock closed at $45.01 per share on November 25, 2021.

Here is what First Eagle Investment Management has to say about Teradata Corporation  in its Q3 2021 investor letter:

“A longstanding participant in the data warehousing space, Teradata has been transitioning its focus from on-premises database management and analytics to the rapidly growing cloud-computing market. The company has delivered a series of impressive quarterly results, and markets appear to be taking notice of what we see as a sticky, high-margin, high-cash-generating business.”

Photo by Hack Capital on Unsplash

Based on our calculations, Teradata Corporation (NYSE: TDC) was not able to clinch a spot in our list of the 30 Most Popular Stocks Among Hedge Funds. TDC was in 28 hedge fund portfolios at the end of the third quarter of 2021, compared to 26 funds in the previous quarter. Teradata Corporation (NYSE: TDC) delivered a -16.51% return in the past 3 months.

Disclosure: None. This article is originally published at Insider Monkey.