Teradata (NYSE:TDC) Price Target Cut to $35.00

Teradata (NYSE:TDC) had its target price lowered by stock analysts at Barclays from $39.00 to $35.00 in a research report issued to clients and investors on Tuesday, Benzinga reports. The firm currently has an “underweight” rating on the technology company’s stock. Barclays‘s price target would indicate a potential upside of 7.05% from the company’s previous close.

Several other equities analysts have also commented on the company. Royal Bank of Canada dropped their target price on Teradata from $59.00 to $48.00 and set a “sector perform” rating on the stock in a report on Tuesday, February 13th. Citigroup increased their target price on Teradata from $57.00 to $60.00 and gave the company a “buy” rating in a report on Monday, February 12th. Morgan Stanley lowered Teradata from an “overweight” rating to an “equal weight” rating and dropped their target price for the company from $74.00 to $48.00 in a report on Tuesday, February 13th. JMP Securities dropped their target price on Teradata from $72.00 to $60.00 and set a “market outperform” rating on the stock in a report on Tuesday. Finally, StockNews.com lowered Teradata from a “strong-buy” rating to a “buy” rating in a report 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 company. According to MarketBeat.com, Teradata currently has an average rating of “Hold” and a consensus target price of $49.90.

Teradata Stock Down 0.1 %

NYSE:TDC opened at $32.70 on Tuesday. The company has a quick ratio of 0.86, a current ratio of 0.87 and a debt-to-equity ratio of 4.02. The stock’s fifty day moving average is $37.58 and its two-hundred day moving average is $42.14. Teradata has a 52 week low of $31.61 and a 52 week high of $57.73. The stock has a market capitalization of $3.19 billion, a price-to-earnings ratio of 53.60, a price-to-earnings-growth ratio of 1.64 and a beta of 0.95.

Teradata (NYSE:TDC) last posted its quarterly earnings data on Monday, May 6th. The technology company reported $0.57 earnings per share for the quarter, topping analysts’ consensus estimates of $0.55 by $0.02. Teradata had a return on equity of 58.25% and a net margin of 3.38%. The business had revenue of $465.00 million for the quarter, compared to analyst estimates of $461.93 million. During the same quarter in the prior year, the company earned $0.40 earnings per share. The company’s revenue was down 2.3% on a year-over-year basis. Research analysts anticipate that Teradata will post 1.27 EPS for the current year.

Insiders Place Their Bets

In related news, CEO Stephen Mcmillan sold 40,597 shares of the firm’s 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 transaction, the chief executive officer now owns 528,302 shares of the company’s stock, valued at $20,191,702.44. The transaction was disclosed in a filing with the SEC, which is accessible through this link. In related news, CEO Stephen Mcmillan sold 40,597 shares of the 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 sale, the chief executive officer now directly owns 528,302 shares of the company’s stock, valued at $20,191,702.44. The sale was disclosed in a filing with the SEC, which is available through the SEC website. Also, insider Hillary Ashton sold 9,743 shares of the business’s stock in a transaction on Friday, March 1st. The shares were sold at an average price of $37.45, for a total transaction of $364,875.35. Following the completion of the transaction, the insider now directly owns 156,704 shares in the company, valued at $5,868,564.80. The disclosure for this sale can be found here. Over the last 90 days, insiders have sold 76,615 shares of company stock valued at $2,903,644. 0.86% of the stock is currently owned by insiders.

Institutional Investors Weigh In On Teradata

A number of hedge funds have recently added to or reduced their stakes in TDC. North Star Investment Management Corp. acquired a new position in Teradata during the 4th quarter worth approximately $26,000. Sound Income Strategies LLC purchased a new stake in shares of Teradata in the first quarter valued at approximately $31,000. Smithfield Trust Co purchased a new stake in shares of Teradata in the third quarter valued at approximately $34,000. Principal Securities Inc. purchased a new stake in shares of Teradata in the fourth quarter valued at approximately $38,000. Finally, GAMMA Investing LLC purchased a new stake in shares of Teradata in the fourth quarter valued at approximately $47,000. Institutional investors and hedge funds own 90.31% of the company’s stock.

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.