Teradata (NYSE:TDC) Stock Price Expected to Rise, UBS Group Analyst Says

Teradata (NYSE:TDC) had its price objective hoisted by research analysts at UBS Group from $24.00 to $26.00 in a note issued to investors on Tuesday, Benzinga reports. The firm currently has a “sell” rating on the technology company’s stock. UBS Group’s price target suggests a potential downside of 11.35% from the stock’s current price.

Several other analysts also recently weighed in on the stock. Morgan Stanley dropped their target price on shares of Teradata from $44.00 to $30.00 and set an “equal weight” rating on the stock in a research report on Tuesday, August 6th. Royal Bank of Canada restated a “sector perform” rating and issued a $32.00 target price on shares of Teradata in a research note on Tuesday. Evercore ISI lifted their price target on Teradata from $34.00 to $37.00 and gave the stock an “outperform” rating in a research report on Tuesday, October 15th. Barclays reduced their price objective on Teradata from $30.00 to $29.00 and set an “underweight” rating for the company in a research note on Tuesday. Finally, StockNews.com upgraded Teradata from a “buy” rating to a “strong-buy” rating in a research report on Tuesday, August 6th. Three investment analysts have rated the stock with a sell rating, four have assigned a hold rating, four have issued a buy rating and one has given a strong buy rating to the company’s stock. According to data from MarketBeat, Teradata has an average rating of “Hold” and an average price target of $39.91.

Teradata Stock Performance

Shares of TDC opened at $29.33 on Tuesday. The company has a current ratio of 0.75, a quick ratio of 0.72 and a debt-to-equity ratio of 6.87. The firm has a market cap of $2.82 billion, a PE ratio of 34.92, a P/E/G ratio of 3.10 and a beta of 0.80. Teradata has a 12 month low of $24.02 and a 12 month high of $49.44. The stock has a fifty day moving average price of $30.07 and a 200-day moving average price of $31.64.

Teradata (NYSE:TDC) last released its quarterly earnings results on Monday, November 4th. The technology company reported $0.69 EPS for the quarter, beating analysts’ consensus estimates of $0.56 by $0.13. Teradata had a return on equity of 160.68% and a net margin of 4.56%. The company had revenue of $440.00 million during the quarter, compared to analysts’ expectations of $417.71 million. During the same period last year, the business posted $0.14 earnings per share. The firm’s revenue was up .5% compared to the same quarter last year. Equities research analysts predict that Teradata will post 1.3 earnings per share for the current fiscal year.

Insider Buying and Selling at Teradata

In other news, insider Hillary Ashton sold 14,962 shares of the stock in a transaction dated Tuesday, September 10th. The shares were sold at an average price of $27.53, for a total transaction of $411,903.86. Following the sale, the insider now directly owns 121,382 shares of the company’s stock, valued at $3,341,646.46. This represents a 0.00 % decrease in their position. The transaction was disclosed in a legal filing with the SEC, which is available through this link. In other news, insider Margaret A. Treese sold 5,500 shares of the company’s stock in a transaction that occurred on Thursday, August 29th. The stock was sold at an average price of $28.50, for a total transaction of $156,750.00. Following the completion of the transaction, the insider now directly owns 96,783 shares of the company’s stock, valued at $2,758,315.50. This represents a 0.00 % decrease in their position. The sale was disclosed in a filing with the SEC, which is available through this link. Also, insider Hillary Ashton sold 14,962 shares of Teradata stock in a transaction on Tuesday, September 10th. The shares were sold at an average price of $27.53, for a total transaction of $411,903.86. Following the completion of the sale, the insider now directly owns 121,382 shares in the company, valued at $3,341,646.46. This represents a 0.00 % decrease in their position. The disclosure for this sale can be found here. 0.86% of the stock is owned by corporate insiders.

Hedge Funds Weigh In On Teradata

Hedge funds and other institutional investors have recently added to or reduced their stakes in the stock. Commonwealth Equity Services LLC purchased a new position in Teradata in the 1st quarter valued at about $634,000. Norden Group LLC boosted its stake in shares of Teradata by 71.5% in the first quarter. Norden Group LLC now owns 8,616 shares of the technology company’s stock worth $333,000 after acquiring an additional 3,593 shares during the last quarter. BNP Paribas Financial Markets increased its position in shares of Teradata by 7.6% during the first quarter. BNP Paribas Financial Markets now owns 79,168 shares of the technology company’s stock worth $3,061,000 after purchasing an additional 5,605 shares in the last quarter. Central Pacific Bank Trust Division acquired a new position in Teradata in the 1st quarter valued at $126,000. Finally, Texas Permanent School Fund Corp lifted its holdings in Teradata by 1.4% in the 1st quarter. Texas Permanent School Fund Corp now owns 85,594 shares of the technology company’s stock valued at $3,310,000 after purchasing an additional 1,147 shares in the last quarter. 90.31% of the stock is owned by hedge funds and other 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.