Teradata (NYSE:TDC – Get Rating) was downgraded by StockNews.com from a “strong-buy” rating to a “buy” rating in a research note issued on Wednesday.
A number of other equities research analysts also recently weighed in on TDC. Barclays lowered their price objective on shares of Teradata from $50.00 to $43.00 in a research report on Wednesday, January 12th. Zacks Investment Research raised shares of Teradata from a “hold” rating to a “strong-buy” rating and set a $59.00 price objective for the company in a research report on Friday, February 11th. Needham & Company LLC raised shares of Teradata from a “hold” rating to a “buy” rating and boosted their price objective for the company from $43.00 to $64.00 in a research report on Monday, December 20th. Bank of America boosted their price objective on shares of Teradata from $71.00 to $76.00 and gave the company a “buy” rating in a research report on Tuesday, February 8th. Finally, Citigroup boosted their price objective on shares of Teradata from $48.00 to $56.00 and gave the company a “buy” rating in a research report on Tuesday, February 8th. One equities research analyst has rated the stock with a sell rating, two have given a hold rating, eight have assigned a buy rating and one has assigned a strong buy rating to the company’s stock. According to data from MarketBeat.com, the stock currently has a consensus rating of “Buy” and a consensus target price of $58.00.
TDC opened at $47.80 on Wednesday. The company has a 50-day moving average of $47.26 and a 200-day moving average of $48.04. The company has a market capitalization of $4.90 billion, a P/E ratio of 36.77, a PEG ratio of 2.33 and a beta of 1.02. Teradata has a 1-year low of $37.35 and a 1-year high of $59.38. The company has a debt-to-equity ratio of 0.82, a quick ratio of 1.05 and a current ratio of 1.07.
Teradata (NYSE:TDC – Get Rating) last released its earnings results on Monday, February 7th. The technology company reported $0.34 earnings per share for the quarter, topping the Thomson Reuters’ consensus estimate of $0.10 by $0.24. The company had revenue of $475.00 million during the quarter, compared to the consensus estimate of $477.58 million. Teradata had a net margin of 7.67% and a return on equity of 40.90%. The company’s revenue was down 3.3% on a year-over-year basis. During the same quarter in the previous year, the firm earned $0.22 EPS. As a group, sell-side analysts expect that Teradata will post 1.09 earnings per share for the current fiscal year.
In other news, CFO Claire Bramley sold 4,500 shares of the company’s stock in a transaction that occurred on Wednesday, March 9th. The shares were sold at an average price of $45.40, for a total value of $204,300.00. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is available through this link. Also, insider Kathleen R. Cullen-Cote sold 22,443 shares of the company’s stock in a transaction that occurred on Thursday, March 3rd. The stock was sold at an average price of $49.29, for a total transaction of $1,106,215.47. The disclosure for this sale can be found here. Insiders have sold a total of 103,657 shares of company stock valued at $4,742,965 over the last three months. 0.92% of the stock is currently owned by company insiders.
A number of hedge funds have recently added to or reduced their stakes in the stock. BlackRock Inc. lifted its stake in Teradata by 0.9% during the fourth quarter. BlackRock Inc. now owns 10,132,960 shares of the technology company’s stock valued at $430,348,000 after purchasing an additional 86,588 shares during the last quarter. Capital International Investors lifted its stake in Teradata by 5.0% during the fourth quarter. Capital International Investors now owns 3,454,835 shares of the technology company’s stock valued at $146,727,000 after purchasing an additional 163,061 shares during the last quarter. Allianz Asset Management GmbH lifted its stake in Teradata by 5.5% during the third quarter. Allianz Asset Management GmbH now owns 3,314,474 shares of the technology company’s stock valued at $190,084,000 after purchasing an additional 171,555 shares during the last quarter. American Century Companies Inc. raised its holdings in shares of Teradata by 30.5% during the fourth quarter. American Century Companies Inc. now owns 2,923,419 shares of the technology company’s stock valued at $124,158,000 after acquiring an additional 682,425 shares during the period. Finally, Geode Capital Management LLC lifted its position in shares of Teradata by 6.1% in the 4th quarter. Geode Capital Management LLC now owns 1,615,887 shares of the technology company’s stock valued at $68,637,000 after acquiring an additional 92,327 shares in the last quarter. 95.45% of the stock is owned by institutional investors and hedge funds.
Teradata Company Profile
Teradata Corp. is the cloud data analytics company which is built for a multi-cloud reality and solving the data challenges at scale. It operates through three operating segments: Americas (North America and Latin America), EMEA(Europe, Middle East and Africa) and APJ(Asia Pacific and Japan) geographic regions.