Teradata (NYSE:TDC) Sets New 52-Week Low – Here’s What Happened

Teradata Co. (NYSE:TDC) shares hit a new 52-week low during mid-day trading on Thursday . The stock traded as low as $21.39 and last traded at $21.58, with a volume of 345716 shares trading hands. The stock had previously closed at $22.93.

Analyst Upgrades and Downgrades

A number of analysts recently weighed in on the stock. Royal Bank of Canada dropped their price objective on shares of Teradata from $32.00 to $29.00 and set a “sector perform” rating on the stock in a report on Wednesday, February 12th. Guggenheim dropped their price target on shares of Teradata from $42.00 to $37.00 and set a “buy” rating on the stock in a research note on Wednesday, February 12th. Evercore ISI reduced their price objective on Teradata from $37.00 to $32.00 and set an “outperform” rating for the company in a research report on Wednesday, February 12th. Morgan Stanley set a $29.00 target price on Teradata in a research report on Monday, March 24th. Finally, Barclays reduced their price target on Teradata from $30.00 to $25.00 and set an “underweight” rating for the company in a research report on Wednesday, February 12th. Three research analysts have rated the stock with a sell rating, four have assigned a hold rating and four have issued a buy rating to the stock. Based on data from MarketBeat, the company presently has an average rating of “Hold” and an average price target of $34.30.

Teradata Stock Down 7.0 %

The company has a debt-to-equity ratio of 3.65, a quick ratio of 0.79 and a current ratio of 0.81. The stock’s fifty day simple moving average is $25.79 and its two-hundred day simple moving average is $29.19. The company has a market capitalization of $2.02 billion, a price-to-earnings ratio of 18.22, a P/E/G ratio of 6.23 and a beta of 0.75.

Teradata (NYSE:TDC) last issued its earnings results on Tuesday, February 11th. The technology company reported $0.30 earnings per share for the quarter, missing analysts’ consensus estimates of $0.44 by ($0.14). Teradata had a return on equity of 149.16% and a net margin of 6.51%. On average, sell-side analysts anticipate that Teradata Co. will post 1.31 EPS for the current year.

Hedge Funds Weigh In On Teradata

A number of hedge funds and other institutional investors have recently modified their holdings of TDC. Venturi Wealth Management LLC raised its holdings in shares of Teradata by 20.9% during the fourth quarter. Venturi Wealth Management LLC now owns 2,109 shares of the technology company’s stock valued at $66,000 after acquiring an additional 365 shares during the period. Tealwood Asset Management Inc. raised its stake in Teradata by 0.9% during the 4th quarter. Tealwood Asset Management Inc. now owns 40,652 shares of the technology company’s stock valued at $1,266,000 after purchasing an additional 368 shares during the period. Xponance Inc. lifted its holdings in shares of Teradata by 2.3% in the fourth quarter. Xponance Inc. now owns 19,074 shares of the technology company’s stock valued at $594,000 after purchasing an additional 428 shares in the last quarter. Sumitomo Mitsui DS Asset Management Company Ltd grew its holdings in shares of Teradata by 3.9% during the fourth quarter. Sumitomo Mitsui DS Asset Management Company Ltd now owns 11,596 shares of the technology company’s stock valued at $361,000 after buying an additional 431 shares in the last quarter. Finally, Wealth Enhancement Advisory Services LLC raised its position in Teradata by 2.3% during the fourth quarter. Wealth Enhancement Advisory Services LLC now owns 20,383 shares of the technology company’s stock valued at $618,000 after buying an additional 455 shares during the period. Institutional investors and hedge funds own 90.31% of the company’s stock.

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.