Teradata (NYSE:TDC) Given New $29.00 Price Target at Barclays

Teradata (NYSE:TDC) had its target price cut by Barclays from $30.00 to $29.00 in a report released on Tuesday morning, Benzinga reports. They currently have an underweight rating on the technology company’s stock.

A number of other brokerages also recently issued reports on TDC. UBS Group initiated coverage on Teradata in a report on Friday, July 19th. They set a “sell” rating and a $32.00 price target on the stock. TD Cowen reduced their price objective on shares of Teradata from $37.00 to $29.00 and set a “hold” rating on the stock in a research report on Tuesday, August 6th. JMP Securities cut shares of Teradata from an “outperform” rating to a “market perform” rating in a research report on Tuesday, August 6th. StockNews.com upgraded shares of Teradata from a “buy” rating to a “strong-buy” rating in a research report on Tuesday, August 6th. Finally, Morgan Stanley lowered their price objective on shares of Teradata from $44.00 to $30.00 and set an “equal weight” rating for the company in a report on Tuesday, August 6th. Three equities research analysts have rated the stock with a sell rating, four have given a hold rating, four have issued a buy rating and one has issued a strong buy rating to the stock. According to data from MarketBeat, the company presently has a consensus rating of “Hold” and an average target price of $39.91.

Teradata Stock Performance

NYSE TDC opened at $28.47 on Tuesday. The company has a 50-day simple moving average of $30.06 and a two-hundred day simple moving average of $31.69. Teradata has a 12-month low of $24.02 and a 12-month high of $49.44. The firm has a market cap of $2.74 billion, a price-to-earnings ratio of 33.89, a PEG ratio of 3.10 and a beta of 0.80. The company has a quick ratio of 0.72, a current ratio of 0.75 and a debt-to-equity ratio of 6.87.

Teradata (NYSE:TDC) last posted its quarterly earnings results on Monday, November 4th. The technology company reported $0.69 earnings per share (EPS) for the quarter, topping the consensus estimate of $0.56 by $0.13. Teradata had a return on equity of 160.68% and a net margin of 4.56%. The business had revenue of $440.00 million for the quarter, compared to analyst estimates of $417.71 million. During the same period last year, the company earned $0.14 EPS. Teradata’s revenue for the quarter was up .5% compared to the same quarter last year. On average, equities analysts forecast that Teradata will post 1.3 EPS for the current year.

Insider Activity at Teradata

In other Teradata news, insider Margaret A. Treese sold 5,500 shares of Teradata stock in a transaction on Thursday, August 29th. The stock was sold at an average price of $28.50, for a total value of $156,750.00. Following the completion of the sale, the insider now owns 96,783 shares of the company’s stock, valued at approximately $2,758,315.50. This trade represents a 0.00 % decrease in their position. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is accessible through this link. In other Teradata news, insider Hillary Ashton sold 14,962 shares of the company’s stock in a transaction dated Tuesday, September 10th. The shares were sold at an average price of $27.53, for a total transaction of $411,903.86. Following the transaction, the insider now owns 121,382 shares in the company, valued at approximately $3,341,646.46. This represents a 0.00 % decrease in their position. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is accessible through this hyperlink. Also, insider Margaret A. Treese sold 5,500 shares of the firm’s stock in a transaction dated Thursday, August 29th. The shares were sold at an average price of $28.50, for a total transaction of $156,750.00. Following the sale, the insider now directly owns 96,783 shares in the company, valued at approximately $2,758,315.50. The trade was a 0.00 % decrease in their position. The disclosure for this sale can be found here. 0.86% of the stock is currently owned by insiders.

Institutional Inflows and Outflows

A number of hedge funds and other institutional investors have recently added to or reduced their stakes in TDC. Russell Investments Group Ltd. lifted its holdings in shares of Teradata by 61.5% during the 1st quarter. Russell Investments Group Ltd. now owns 125,369 shares of the technology company’s stock valued at $4,848,000 after buying an additional 47,741 shares during the period. SG Americas Securities LLC grew its stake in shares of Teradata by 114.7% during the 2nd quarter. SG Americas Securities LLC now owns 56,346 shares of the technology company’s stock valued at $1,947,000 after purchasing an additional 30,096 shares during the period. Entropy Technologies LP purchased a new stake in shares of Teradata during the 1st quarter valued at about $568,000. Assenagon Asset Management S.A. lifted its stake in shares of Teradata by 85.2% in the 2nd quarter. Assenagon Asset Management S.A. now owns 47,866 shares of the technology company’s stock worth $1,654,000 after purchasing an additional 22,027 shares during the period. Finally, 272 Capital LP boosted its holdings in shares of Teradata by 57.6% in the second quarter. 272 Capital LP now owns 99,903 shares of the technology company’s stock worth $3,453,000 after buying an additional 36,503 shares during the last quarter. Institutional investors own 90.31% of the company’s stock.

Teradata Company Profile

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.