Shares of Teradata Co. (NYSE:TDC – Get Free Report) gapped down before the market opened on Tuesday after Bank of America downgraded the stock from a buy rating to a neutral rating. The stock had previously closed at $48.79, but opened at $38.99. Bank of America now has a $48.00 price target on the stock, down from their previous price target of $58.00. Teradata shares last traded at $37.65, with a volume of 1,977,659 shares changing hands.
A number of other research analysts have also recently weighed in on TDC. Barclays lowered their target price on shares of Teradata from $46.00 to $43.00 and set an “underweight” rating on the stock in a research note on Tuesday. JMP Securities restated a “market outperform” rating and set a $72.00 target price on shares of Teradata in a research note on Tuesday. Citigroup lifted their target price on shares of Teradata from $57.00 to $60.00 and gave the company a “buy” rating in a research note on Monday. Finally, StockNews.com upgraded shares of Teradata from a “buy” rating to a “strong-buy” rating in a research note on Sunday, November 5th. One investment analyst has rated the stock with a sell rating, three have given a hold rating, seven have issued a buy rating and one has assigned a strong buy rating to the stock. Based on data from MarketBeat.com, the stock has an average rating of “Moderate Buy” and a consensus target price of $57.64.
Insiders Place Their Bets
In related news, CRO Todd Cione sold 29,251 shares of the company’s stock in a transaction dated Monday, January 8th. The shares were sold at an average price of $43.31, for a total transaction of $1,266,860.81. Following the transaction, the executive now directly owns 76,221 shares in the company, valued at approximately $3,301,131.51. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is accessible through the SEC website. Corporate insiders own 0.90% of the company’s stock.
Hedge Funds Weigh In On Teradata
Hedge funds have recently added to or reduced their stakes in the stock. Rise Advisors LLC bought a new position in Teradata in the 3rd quarter worth about $26,000. North Star Investment Management Corp. bought a new position in Teradata in the 4th quarter worth about $26,000. International Assets Investment Management LLC bought a new position in Teradata in the 3rd quarter worth about $31,000. Smithfield Trust Co bought a new position in Teradata in the 3rd quarter worth about $34,000. Finally, Principal Securities Inc. purchased a new stake in shares of Teradata in the 4th quarter worth approximately $38,000. 91.02% of the stock is currently owned by institutional investors.
Teradata Price Performance
The firm’s 50-day moving average price is $45.57 and its two-hundred day moving average price is $45.83. The stock has a market cap of $3.69 billion, a PE ratio of 61.61, a PEG ratio of 1.91 and a beta of 1.01. The company has a current ratio of 0.83, a quick ratio of 0.82 and a debt-to-equity ratio of 4.56.
Teradata (NYSE:TDC – Get Free Report) last announced its quarterly earnings results on Monday, February 12th. The technology company reported $0.56 earnings per share for the quarter, topping the consensus estimate of $0.51 by $0.05. Teradata had a net margin of 3.39% and a return on equity of 39.28%. The firm had revenue of $457.00 million during the quarter, compared to analysts’ expectations of $455.84 million. During the same quarter in the prior year, the company earned $0.05 EPS. The company’s revenue was up 1.1% compared to the same quarter last year. On average, equities analysts expect that Teradata Co. will post 1.05 earnings per share for the current fiscal year.
About Teradata
Teradata Corporation, together with its subsidiaries, provides a connected multi-cloud data platform for enterprise analytics. The company offers Teradata Vantage, a data platform that allows companies to leverage their data across an enterprise, as well as connects various sources of data to drive ecosystem simplification and support customers on their journey to the cloud through an integrated migration.