Teradata (NYSE:TDC) PT Lowered to $44.00

Teradata (NYSE:TDC) had its price target cut by Royal Bank of Canada from $48.00 to $44.00 in a report issued on Tuesday, Benzinga reports. The brokerage currently has a “sector perform” rating on the technology company’s stock. Royal Bank of Canada’s price objective points to a potential upside of 34.58% from the stock’s current price.

Other research analysts also recently issued reports about the company. Barclays decreased their price objective on Teradata from $39.00 to $35.00 and set an “underweight” rating for the company in a report on Tuesday. Morgan Stanley lowered Teradata from an “overweight” rating to an “equal weight” rating and lowered their price target for the stock from $74.00 to $48.00 in a research report on Tuesday, February 13th. Bank of America downgraded Teradata from a “neutral” rating to an “underperform” rating and cut their price objective for the company from $48.00 to $39.00 in a report on Tuesday. Citigroup boosted their target price on shares of Teradata from $57.00 to $60.00 and gave the stock a “buy” rating in a report on Monday, February 12th. Finally, StockNews.com cut shares of Teradata from a “strong-buy” rating to a “buy” rating in a research note on Friday, April 12th. Two investment analysts have rated the stock with a sell rating, three have assigned a hold rating and six have issued a buy rating to the stock. According to data from MarketBeat, the company has a consensus rating of “Hold” and an average target price of $49.90.

Teradata Stock Down 0.1 %

NYSE:TDC opened at $32.70 on Tuesday. The company has a debt-to-equity ratio of 4.02, a quick ratio of 0.86 and a current ratio of 0.87. The company has a market cap of $3.19 billion, a PE ratio of 53.60, a PEG ratio of 1.64 and a beta of 0.95. Teradata has a 52-week low of $31.61 and a 52-week high of $57.73. The stock has a 50-day simple moving average of $37.58 and a 200 day simple moving average of $42.14.

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, topping analysts’ consensus estimates of $0.55 by $0.02. The business had revenue of $465.00 million during the quarter, compared to the consensus estimate of $461.93 million. Teradata had a return on equity of 58.25% and a net margin of 3.38%. Teradata’s quarterly revenue was down 2.3% on a year-over-year basis. During the same period last year, the company earned $0.40 earnings per share. On average, sell-side analysts expect that Teradata will post 1.27 EPS for the current fiscal year.

Insiders Place Their Bets

In other news, insider Hillary Ashton sold 9,743 shares of the stock in a transaction that occurred on Friday, March 1st. The stock was sold at an average price of $37.45, for a total transaction of $364,875.35. Following the transaction, the insider now owns 156,704 shares in the company, valued at $5,868,564.80. The sale was disclosed in a filing with the SEC, which is available through the SEC website. In related news, insider Hillary Ashton sold 9,743 shares of the company’s stock in a transaction dated Friday, March 1st. The shares were sold at an average price of $37.45, for a total value of $364,875.35. Following the transaction, the insider now directly owns 156,704 shares in the company, valued at $5,868,564.80. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is available at this hyperlink. Also, CEO Stephen Mcmillan sold 40,597 shares of Teradata 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 completion of the sale, the chief executive officer now owns 528,302 shares of the company’s stock, valued at approximately $20,191,702.44. The disclosure for this sale can be found here. Insiders sold 76,615 shares of company stock worth $2,903,644 over the last three months. Insiders own 0.86% of the company’s stock.

Hedge Funds Weigh In On Teradata

Several hedge funds and other institutional investors have recently added to or reduced their stakes in the stock. North Star Investment Management Corp. acquired a new stake in shares of Teradata during the 4th quarter worth $26,000. Sound Income Strategies LLC acquired a new position in Teradata in the first quarter valued at about $31,000. Smithfield Trust Co acquired a new position in Teradata in the third quarter valued at about $34,000. Principal Securities Inc. acquired a new position in Teradata in the fourth quarter valued at about $38,000. Finally, GAMMA Investing LLC acquired a new position in Teradata in the fourth quarter valued at about $47,000. 90.31% of the stock is owned by institutional investors and hedge funds.

Teradata Company Profile

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.