Teradata (NYSE:TDC) Hits New 12-Month Low on Disappointing Earnings

Teradata Co. (NYSE:TDC)’s share price hit a new 52-week low during trading on Wednesday following a weaker than expected earnings announcement. The stock traded as low as $22.73 and last traded at $24.90, with a volume of 184573 shares. The stock had previously closed at $30.89.

The technology company reported $0.30 earnings per share (EPS) for the quarter, missing analysts’ consensus estimates of $0.44 by ($0.14). Teradata had a net margin of 4.56% and a return on equity of 145.40%.

Analyst Upgrades and Downgrades

A number of research analysts have recently weighed in on TDC shares. Northland Securities reduced their target price on shares of Teradata from $38.00 to $37.00 and set an “outperform” rating for the company in a research report on Tuesday, November 5th. Evercore ISI reduced their price objective on Teradata from $37.00 to $32.00 and set an “outperform” rating for the company in a report on Wednesday. Barclays lowered their target price on Teradata from $30.00 to $25.00 and set an “underweight” rating on the stock in a research note on Wednesday. Royal Bank of Canada reiterated a “sector perform” rating and set a $32.00 price target on shares of Teradata in a research note on Tuesday, November 5th. Finally, UBS Group lifted their price objective on Teradata from $24.00 to $26.00 and gave the stock a “sell” rating in a report on Tuesday, November 5th. Three research analysts have rated the stock with a sell rating, four have assigned a hold rating, four have issued a buy rating and one has assigned a strong buy rating to the stock. According to data from MarketBeat, the company has a consensus rating of “Hold” and an average target price of $39.09.

Hedge Funds Weigh In On Teradata

Several hedge funds have recently bought and sold shares of TDC. Creative Planning grew its holdings in shares of Teradata by 28.3% during the second quarter. Creative Planning now owns 14,752 shares of the technology company’s stock worth $510,000 after purchasing an additional 3,253 shares in the last quarter. GAMMA Investing LLC raised its position in shares of Teradata by 88.0% during the 3rd quarter. GAMMA Investing LLC now owns 955 shares of the technology company’s stock valued at $29,000 after buying an additional 447 shares in the last quarter. CWM LLC lifted its holdings in shares of Teradata by 293.8% during the 3rd quarter. CWM LLC now owns 21,972 shares of the technology company’s stock worth $667,000 after acquiring an additional 16,393 shares during the last quarter. Wedge Capital Management L L P NC increased its stake in Teradata by 9.2% in the third quarter. Wedge Capital Management L L P NC now owns 62,120 shares of the technology company’s stock valued at $1,885,000 after acquiring an additional 5,226 shares during the last quarter. Finally, nVerses Capital LLC purchased a new stake in Teradata during the third quarter valued at about $185,000. Hedge funds and other institutional investors own 90.31% of the company’s stock.

Teradata Stock Performance

The company has a 50 day simple moving average of $31.67 and a 200-day simple moving average of $30.35. The company has a debt-to-equity ratio of 4.01, a current ratio of 0.80 and a quick ratio of 0.79. The stock has a market cap of $2.41 billion, a P/E ratio of 29.78, a price-to-earnings-growth ratio of 3.19 and a beta of 0.78.

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.