Teradata (NYSE:TDC) Price Target Lowered to $40.00 at TD Cowen

Teradata (NYSE:TDC) had its price target lowered by TD Cowen from $46.00 to $40.00 in a research report sent to investors on Tuesday, Benzinga reports. The firm currently has a hold rating on the technology company’s stock.

TDC has been the subject of several other reports. Bank of America lowered shares of Teradata from a neutral rating to an underperform rating and decreased their price objective for the stock from $48.00 to $39.00 in a report on Tuesday. Royal Bank of Canada decreased their price target on shares of Teradata from $48.00 to $44.00 and set a sector perform rating for the company in a research note on Tuesday. StockNews.com cut Teradata from a strong-buy rating to a buy rating in a research report on Friday, April 12th. 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, Morgan Stanley lowered Teradata from an overweight rating to an equal weight rating and dropped their price target for the company from $74.00 to $48.00 in a research report on Tuesday, February 13th. Two research analysts have rated the stock with a sell rating, three have given a hold rating and six have given a buy rating to the stock. Based on data from MarketBeat, Teradata currently has an average rating of Hold and an average price target of $49.90.

Teradata Stock Down 13.8 %

Shares of NYSE:TDC opened at $32.72 on Tuesday. The stock’s 50-day moving average is $37.66 and its 200 day moving average is $42.21. The company has a market cap of $3.20 billion, a PE ratio of 53.64, a P/E/G ratio of 1.64 and a beta of 0.95. 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 has a 1 year low of $31.61 and a 1 year high of $57.73.

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

Insider Buying and Selling at Teradata

In other news, CEO Stephen Mcmillan sold 40,597 shares of the firm’s stock in a transaction on 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 completion of the transaction, the chief executive officer now directly owns 528,302 shares in the company, valued at $20,191,702.44. The sale was disclosed in a filing with the Securities & Exchange Commission, which is available through this hyperlink. In other news, CEO Stephen Mcmillan sold 40,597 shares of the company’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 value of $1,551,617.34. Following the transaction, the chief executive officer now owns 528,302 shares in the company, valued at $20,191,702.44. The sale was disclosed in a legal filing with the SEC, which is available at this link. Also, insider Kathleen R. Cullen-Cote sold 26,275 shares of the firm’s stock in a transaction that occurred on Tuesday, March 5th. The shares were sold at an average price of $37.57, for a total transaction of $987,151.75. Following 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 90 days, insiders sold 76,615 shares of company stock worth $2,903,644. 0.86% of the stock is owned by insiders.

Institutional Inflows and Outflows

Hedge funds and other institutional investors have recently modified their holdings of the business. Zurcher Kantonalbank Zurich Cantonalbank lifted its stake in Teradata by 12.5% during the 3rd quarter. Zurcher Kantonalbank Zurich Cantonalbank now owns 21,222 shares of the technology company’s stock valued at $955,000 after acquiring an additional 2,352 shares during the period. Mackenzie Financial Corp boosted its holdings in Teradata by 102.2% in the third quarter. Mackenzie Financial Corp now owns 146,454 shares of the technology company’s stock worth $6,443,000 after purchasing an additional 74,036 shares during the last quarter. Strs Ohio grew its position in Teradata by 18.8% in the 3rd quarter. Strs Ohio now owns 25,193 shares of the technology company’s stock worth $1,134,000 after purchasing an additional 3,990 shares during the period. Mirae Asset Global Investments Co. Ltd. grew its position in Teradata by 25.2% in the 3rd quarter. Mirae Asset Global Investments Co. Ltd. now owns 33,320 shares of the technology company’s stock worth $1,500,000 after purchasing an additional 6,710 shares during the period. Finally, Portside Wealth Group LLC raised its stake in Teradata by 2.3% during the 3rd quarter. Portside Wealth Group LLC now owns 19,037 shares of the technology company’s stock valued at $856,000 after buying an additional 431 shares during the last quarter. 90.31% of the stock is owned by institutional investors.

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.