Teradata Corporation (NYSE:TDC) was upgraded by analysts at BidaskClub from a “hold” rating to a “buy” rating in a report released on Friday, August 4th.
Several other research analysts have also issued reports on TDC. BTIG Research started coverage on shares of Teradata Corporation in a report on Monday, April 17th. They set a “neutral” rating for the company. BMO Capital Markets lowered their price target on shares of Teradata Corporation from $32.00 to $30.00 and set a “market perform” rating for the company in a report on Thursday, April 27th. Deutsche Bank AG restated a “hold” rating and set a $30.00 price target (down previously from $32.00) on shares of Teradata Corporation in a report on Saturday, April 29th. TheStreet lowered shares of Teradata Corporation from a “b-” rating to a “c” rating in a report on Thursday, April 27th. Finally, Sanford C. Bernstein initiated coverage on shares of Teradata Corporation in a research note on Wednesday, May 24th. They issued an “underperform” rating and a $25.00 price objective for the company. Five research analysts have rated the stock with a sell rating, nine have issued a hold rating and one has assigned a buy rating to the company’s stock. The company has a consensus rating of “Hold” and an average price target of $28.50.
Shares of Teradata Corporation (TDC) opened at 30.08 on Friday. The firm has a 50-day moving average of $30.28 and a 200 day moving average of $30.04. Teradata Corporation has a 52 week low of $26.27 and a 52 week high of $33.32. The company has a market cap of $3.79 billion, a P/E ratio of 39.22 and a beta of 1.28.
Teradata Corporation (NYSE:TDC) last released its quarterly earnings results on Thursday, July 27th. The technology company reported $0.22 earnings per share (EPS) for the quarter, hitting the consensus estimate of $0.22. Teradata Corporation had a net margin of 4.63% and a return on equity of 21.12%. The firm had revenue of $513 million during the quarter, compared to analyst estimates of $519.79 million. During the same quarter last year, the business earned $0.71 EPS. The company’s revenue was down 14.4% compared to the same quarter last year. Equities analysts anticipate that Teradata Corporation will post $1.25 earnings per share for the current fiscal year.
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In other Teradata Corporation news, CFO Stephen Mark Scheppmann sold 47,065 shares of the business’s stock in a transaction on Monday, July 31st. The shares were sold at an average price of $31.83, for a total transaction of $1,498,078.95. Following the completion of the sale, the chief financial officer now owns 143,689 shares in the company, valued at approximately $4,573,620.87. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is accessible through the SEC website. Also, insider Victor L. Lund purchased 31,270 shares of the firm’s stock in a transaction on Monday, July 31st. The shares were acquired at an average price of $31.95 per share, with a total value of $999,076.50. Following the purchase, the insider now directly owns 111,447 shares in the company, valued at approximately $3,560,731.65. The disclosure for this purchase can be found here. Insiders own 1.73% of the company’s stock.
A number of institutional investors have recently bought and sold shares of TDC. American Beacon Advisors Inc. purchased a new position in Teradata Corporation during the first quarter worth about $111,000. Westpac Banking Corp purchased a new position in Teradata Corporation during the first quarter worth about $126,000. ETF Managers Group LLC purchased a new position in Teradata Corporation during the second quarter worth about $130,000. TrimTabs Asset Management LLC increased its position in Teradata Corporation by 88.8% in the first quarter. TrimTabs Asset Management LLC now owns 4,268 shares of the technology company’s stock worth $133,000 after buying an additional 2,008 shares in the last quarter. Finally, Zurcher Kantonalbank Zurich Cantonalbank increased its position in Teradata Corporation by 9.9% in the second quarter. Zurcher Kantonalbank Zurich Cantonalbank now owns 5,183 shares of the technology company’s stock worth $153,000 after buying an additional 469 shares in the last quarter.
About Teradata Corporation
Teradata Corporation is a provider of analytic data platforms, analytic applications and related services. The Company’s segments include Americas region (North America and Latin America) and International region (Europe, Middle East, Africa, Asia Pacific and Japan). Its offerings include analytics solutions, ecosystem architecture consulting and hybrid cloud solutions.
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