Teradata Corporation (NYSE:TDC) Stock Has Consensus Price Target of $36.12

Teradata Corporation (NYSE:TDC) has been given a consensus recommendation of “Hold” by the nine brokerages that are presently covering the company, Marketbeat.com reports. One analyst has rated the stock with a sell rating, five have given a hold rating and three have issued a buy rating on the company. The average 1 year price objective among analysts that have issued ratings on the stock in the last year is $36.12.

TDC has been the subject of a number of analyst reports. UBS Group lowered their price target on Teradata from $36.00 to $32.00 and set a “neutral” rating for the company in a research report on Monday, September 21st. Weiss Ratings upgraded shares of Teradata from a “hold (c)” rating to a “hold (c+)” rating in a research report on Monday, November 9th. Barclays boosted their price objective on shares of Teradata from $27.00 to $28.00 and gave the company an “underweight” rating in a research report on Friday, November 6th. Wall Street Zen downgraded shares of Teradata from a “buy” rating to a “hold” rating in a research note on Sunday. Finally, Citigroup raised their target price on shares of Teradata from $36.00 to $40.00 and gave the stock a “buy” rating in a report on Friday, October 30th.

Insider Activity

In other Teradata news, CEO Stephen Mcmillan sold 10,000 shares of the firm’s stock in a transaction dated Monday, November 9th. The shares were sold at an average price of $32.51, for a total value of $325,100.00. Following the completion of the sale, the chief executive officer owned 742,446 shares of the company’s stock, valued at $24,136,919.46. This trade represents a 1.33% decrease in their ownership of the stock. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is available at this hyperlink. The transaction was executed under a pre-arranged Rule 10b5-1 trading plan. Also, COO Michael D. Hutchinson sold 48,077 shares of the business’s stock in a transaction that occurred on Tuesday, September 15th. The shares were sold at an average price of $30.00, for a total value of $1,442,310.00. Following the transaction, the chief operating officer owned 171,927 shares of the company’s stock, valued at $5,157,810. This trade represents a 21.85% decrease in their position. The disclosure for this sale is available in the SEC filing. The transaction was executed under a pre-arranged Rule 10b5-1 trading plan. Insiders have sold a total of 68,077 shares of company stock worth $2,067,610 over the last quarter. 0.96% of the stock is currently owned by insiders.

Institutional Investors Weigh In On Teradata

Hedge funds and other institutional investors have recently modified their holdings of the business. Twin Capital Management Inc. increased its holdings in shares of Teradata by 2.0% during the 1st quarter. Twin Capital Management Inc. now owns 21,019 shares of the technology company’s stock valued at $539,000 after purchasing an additional 405 shares in the last quarter. GAMMA Investing LLC lifted its stake in shares of Teradata by 10.6% in the 2nd quarter. GAMMA Investing LLC now owns 5,646 shares of the technology company’s stock valued at $196,000 after purchasing an additional 541 shares during the period. Elevation Wealth Partners LLC lifted its stake in shares of Teradata by 65.7% in the 3rd quarter. Elevation Wealth Partners LLC now owns 1,959 shares of the technology company’s stock valued at $56,000 after purchasing an additional 777 shares during the period. Choreo LLC lifted its stake in shares of Teradata by 6.5% in the 3rd quarter. Choreo LLC now owns 13,150 shares of the technology company’s stock valued at $379,000 after purchasing an additional 800 shares during the period. Finally, Pension & Wealth Management Advisors Inc. purchased a new stake in Teradata during the third quarter worth $25,000. 90.31% of the stock is currently owned by hedge funds and other institutional investors.

Teradata Trading Up 1.7%

NYSE TDC traded up $0.59 during trading hours on Friday, hitting $34.77. 3,856,848 shares of the company were exchanged, compared to its average volume of 2,062,142. Teradata has a 52 week low of $23.86 and a 52 week high of $41.78. The company has a quick ratio of 0.92, a current ratio of 0.94 and a debt-to-equity ratio of 0.07. The stock has a 50-day moving average price of $31.05 and a 200 day moving average price of $30.10. The stock has a market cap of $3.18 billion, a PE ratio of 7.35, a price-to-earnings-growth ratio of 2.14 and a beta of 0.61.

Teradata (NYSE:TDC) last posted its quarterly earnings data on Thursday, November 5th. The technology company reported $0.70 earnings per share (EPS) for the quarter, beating the consensus estimate of $0.58 by $0.12. The business had revenue of $399.00 million during the quarter, compared to analyst estimates of $395.66 million. Teradata had a return on equity of 35.61% and a net margin of 27.24%. The company’s revenue for the quarter was down 4.1% on a year-over-year basis. During the same period last year, the company earned $0.72 EPS. Analysts forecast that Teradata will post 1.85 earnings per share for the current fiscal year.

About Teradata

Teradata provides cloud analytics and data platform services for organizations that manage large, complex data environments. Its offerings support the collection, integration, storage and analysis of data to help customers generate insights and build data-driven applications. The company’s portfolio includes Teradata VantageCloud, which supports cloud and hybrid deployments, and ClearScape Analytics, a set of tools for applying advanced analytics and artificial intelligence to data. Teradata also offers consulting, implementation and support services to help customers design and manage their data environments.