Teradata (NYSE:TDC) Given New $40.00 Price Target at TD Cowen

Teradata (NYSE:TDC) had its price objective reduced by TD Cowen from $46.00 to $40.00 in a report released on Tuesday morning, Benzinga reports. They currently have a hold rating on the technology company’s stock.

Several other analysts have also recently issued reports on the company. Barclays reduced their price objective on Teradata from $39.00 to $35.00 and set an underweight rating on the stock in a research note on Tuesday. Royal Bank of Canada lowered their price objective on Teradata from $48.00 to $44.00 and set a sector perform rating for the company in a research report on Tuesday. StockNews.com downgraded shares of Teradata from a strong-buy rating to a buy rating in a research note on Friday, April 12th. Morgan Stanley downgraded shares of Teradata from an overweight rating to an equal weight rating and dropped their price objective for the company from $74.00 to $48.00 in a research report on Tuesday, February 13th. Finally, JMP Securities decreased their price objective on shares of Teradata from $72.00 to $60.00 and set a market outperform rating for the company in a research report on Tuesday. Two equities research analysts have rated the stock with a sell rating, three have issued a hold rating and six have assigned a buy rating to the company’s stock. According to data from MarketBeat.com, Teradata has a consensus rating of Hold and a consensus price target of $49.90.

Teradata Stock Performance

Shares of Teradata stock opened at $32.72 on Tuesday. The company has a debt-to-equity ratio of 4.02, a current ratio of 0.87 and a quick ratio of 0.86. The stock has a market capitalization of $3.20 billion, a price-to-earnings 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 moving average of $37.66 and a 200 day moving average of $42.21. Teradata has a 12 month low of $31.61 and a 12 month high of $57.73.

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

Insider Buying and Selling at Teradata

In other news, insider Kathleen R. Cullen-Cote sold 26,275 shares of the business’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 transaction was disclosed in a document filed with the Securities & Exchange Commission, which can be accessed through the SEC website. In other Teradata news, CEO Stephen Mcmillan sold 40,597 shares of the stock in a transaction that occurred 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 sale, the chief executive officer now directly owns 528,302 shares of the company’s stock, valued at approximately $20,191,702.44. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which can be accessed through this hyperlink. Also, insider Kathleen R. Cullen-Cote sold 26,275 shares of the stock in a transaction on Tuesday, March 5th. The stock was sold at an average price of $37.57, for a total value of $987,151.75. Following the sale, the insider now directly owns 127,595 shares of the company’s stock, valued at $4,793,744.15. The disclosure for this sale can be found here. Insiders sold 76,615 shares of company stock worth $2,903,644 over the last 90 days. Corporate insiders own 0.86% of the company’s stock.

Institutional Inflows and Outflows

Institutional investors and hedge funds have recently made changes to their positions in the company. Orion Portfolio Solutions LLC grew its stake in shares of Teradata by 3.5% during the 3rd quarter. Orion Portfolio Solutions LLC now owns 7,583 shares of the technology company’s stock worth $341,000 after purchasing an additional 259 shares during the period. Fifth Third Bancorp boosted its stake in shares of Teradata by 6.8% during the 3rd quarter. Fifth Third Bancorp now owns 4,336 shares of the technology company’s stock worth $195,000 after acquiring an additional 276 shares in the last quarter. HB Wealth Management LLC grew its holdings in shares of Teradata by 4.5% in the 4th quarter. HB Wealth Management LLC now owns 6,488 shares of the technology company’s stock worth $282,000 after acquiring an additional 280 shares during the period. Vanguard Personalized Indexing Management LLC increased its stake in Teradata by 3.4% in the 4th quarter. Vanguard Personalized Indexing Management LLC now owns 9,169 shares of the technology company’s stock valued at $399,000 after purchasing an additional 305 shares in the last quarter. Finally, Gotham Asset Management LLC raised its holdings in Teradata by 3.4% during the third quarter. Gotham Asset Management LLC now owns 9,538 shares of the technology company’s stock worth $429,000 after purchasing an additional 311 shares during the last quarter. 90.31% of the stock is currently owned by institutional investors and hedge funds.

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.