Teradata (NYSE:TDC) Price Target Cut to $46.00 by Analysts at Evercore ISI

Teradata (NYSE:TDC) had its price target trimmed by Evercore ISI from $58.00 to $46.00 in a report issued on Tuesday, Benzinga reports. The firm currently has an outperform rating on the technology company’s stock.

TDC has been the topic of several other research reports. Royal Bank of Canada reduced their price target on shares of Teradata from $48.00 to $44.00 and set a sector perform rating on the stock in a research note on Tuesday. TD Cowen decreased their price target on shares of Teradata from $46.00 to $40.00 and set a hold rating for the company in a research note on Tuesday. JMP Securities dropped their price objective on Teradata from $72.00 to $60.00 and set a market outperform rating on the stock in a research note on Tuesday. Barclays decreased their target price on Teradata from $39.00 to $35.00 and set an underweight rating for the company in a research report on Tuesday. Finally, StockNews.com downgraded Teradata from a strong-buy rating to a buy rating in a research report on Friday, April 12th. Two research analysts have rated the stock with a sell rating, three have assigned a hold rating and six have given a buy rating to the stock. According to MarketBeat, Teradata presently has an average rating of Hold and a consensus target price of $49.90.

Teradata Stock Down 13.8 %

Shares of NYSE:TDC opened at $32.72 on Tuesday. The firm has a market capitalization of $3.20 billion, a PE ratio of 53.64, a price-to-earnings-growth ratio of 1.64 and a beta of 0.95. The business has a 50 day simple moving average of $37.66 and a two-hundred day simple moving average of $42.21. Teradata has a 1 year low of $31.61 and a 1 year high of $57.73. The company has a debt-to-equity ratio of 4.02, a current ratio of 0.87 and a quick ratio of 0.86.

Teradata (NYSE:TDC) last posted its quarterly earnings data on Monday, May 6th. The technology company reported $0.57 earnings per share (EPS) for the quarter, beating analysts’ consensus estimates of $0.55 by $0.02. Teradata had a return on equity of 58.25% and a net margin of 3.38%. The company had revenue of $465.00 million during the quarter, compared to analysts’ expectations of $461.93 million. During the same quarter in the previous year, the business earned $0.40 EPS. Teradata’s revenue was down 2.3% compared to the same quarter last year. On average, equities analysts predict that Teradata will post 1.27 EPS for the current year.

Insider Buying and Selling at Teradata

In related news, CEO Stephen Mcmillan sold 40,597 shares of the business’s stock in a transaction that occurred on Thursday, February 22nd. The shares were sold at an average price of $38.22, for a total transaction of $1,551,617.34. Following the completion of the transaction, the chief executive officer now owns 528,302 shares in the company, valued at approximately $20,191,702.44. The transaction was disclosed in a document filed with the SEC, which is available at this hyperlink. In related news, CEO Stephen Mcmillan sold 40,597 shares of the company’s stock in a transaction dated Thursday, February 22nd. The stock was sold at an average price of $38.22, for a total transaction of $1,551,617.34. Following the transaction, the chief executive officer now directly owns 528,302 shares of the company’s stock, valued at approximately $20,191,702.44. The sale was disclosed in a filing with the Securities & Exchange Commission, which is available at this link. Also, insider Kathleen R. Cullen-Cote sold 26,275 shares of the firm’s stock in a transaction dated Tuesday, March 5th. The stock was sold at an average price of $37.57, for a total value of $987,151.75. Following the completion of the sale, the insider now directly owns 127,595 shares of the company’s stock, valued at approximately $4,793,744.15. The disclosure for this sale can be found here. Over the last ninety days, insiders sold 76,615 shares of company stock valued at $2,903,644. 0.86% of the stock is currently owned by insiders.

Institutional Inflows and Outflows

Hedge funds and other institutional investors have recently made changes to their positions in the stock. North Star Investment Management Corp. acquired a new position in shares of Teradata in the 4th quarter valued at $26,000. Sound Income Strategies LLC purchased a new position in shares of Teradata in the first quarter worth about $31,000. Smithfield Trust Co acquired a new stake in shares of Teradata during the third quarter worth about $34,000. Principal Securities Inc. purchased a new stake in Teradata in the fourth quarter valued at approximately $38,000. Finally, GAMMA Investing LLC acquired a new position in Teradata in the 4th quarter worth approximately $47,000. Hedge funds and other institutional investors own 90.31% of the company’s stock.

About Teradata

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.