Royal Bank of Canada Reiterates Sector Perform Rating for Teradata (NYSE:TDC)

Royal Bank of Canada restated their sector perform rating on shares of Teradata (NYSE:TDC) in a research report report published on Tuesday morning,Benzinga reports. The firm currently has a $32.00 target price on the technology company’s stock.

TDC has been the subject of several other research reports. Evercore ISI lifted their price target on Teradata from $34.00 to $37.00 and gave the company an “outperform” rating in a research note on Tuesday, October 15th. Northland Securities cut their price objective on Teradata from $49.00 to $38.00 and set an “outperform” rating for the company in a research report on Tuesday, August 6th. Morgan Stanley dropped their price target on shares of Teradata from $44.00 to $30.00 and set an “equal weight” rating on the stock in a research note on Tuesday, August 6th. UBS Group initiated coverage on shares of Teradata in a research report on Friday, July 19th. They set a “sell” rating and a $32.00 price target for the company. Finally, StockNews.com raised Teradata from a “buy” rating to a “strong-buy” rating in a report on Tuesday, August 6th. Three investment analysts have rated the stock with a sell rating, four have assigned a hold rating, four have assigned a buy rating and one has given a strong buy rating to the company’s stock. According to data from MarketBeat, the stock has an average rating of “Hold” and a consensus target price of $39.91.

Teradata Trading Down 0.1 %

Shares of NYSE:TDC opened at $29.30 on Tuesday. The company has a current ratio of 0.80, a quick ratio of 0.72 and a debt-to-equity ratio of 4.01. Teradata has a 12-month low of $24.02 and a 12-month high of $49.44. The business has a 50 day moving average of $30.12 and a two-hundred day moving average of $31.61. The company has a market capitalization of $2.80 billion, a PE ratio of 34.88, a PEG ratio of 1.76 and a beta of 0.80.

Teradata (NYSE:TDC) last posted its earnings results on Monday, November 4th. The technology company reported $0.69 earnings per share (EPS) for the quarter, beating the consensus estimate of $0.56 by $0.13. Teradata had a net margin of 4.56% and a return on equity of 145.40%. The firm had revenue of $440.00 million during the quarter, compared to analysts’ expectations of $417.71 million. During the same period in the previous year, the business posted $0.14 EPS. The business’s revenue was up .5% compared to the same quarter last year. As a group, analysts forecast that Teradata will post 2.32 EPS for the current year.

Insider Activity

In related news, 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 completion of the sale, the insider now directly owns 96,783 shares in the company, valued at approximately $2,758,315.50. This trade represents a 0.00 % decrease in their ownership of the stock. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is accessible through this link. In other news, insider Margaret A. Treese sold 5,500 shares of the stock in a transaction that occurred on Thursday, August 29th. The shares were 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 $2,758,315.50. This represents a 0.00 % decrease in their position. The transaction was disclosed in a filing with the SEC, which is available at this hyperlink. Also, insider Hillary Ashton sold 14,962 shares of the company’s stock in a transaction that occurred on Tuesday, September 10th. The shares were sold at an average price of $27.53, for a total value of $411,903.86. Following the completion of the transaction, the insider now owns 121,382 shares in the company, valued at $3,341,646.46. This represents a 0.00 % decrease in their ownership of the stock. The disclosure for this sale can be found here. Corporate insiders own 0.92% of the company’s stock.

Institutional Trading of Teradata

Several institutional investors and hedge funds have recently bought and sold shares of the stock. Russell Investments Group Ltd. raised its stake in shares of Teradata by 61.5% in the 1st quarter. Russell Investments Group Ltd. now owns 125,369 shares of the technology company’s stock valued at $4,848,000 after acquiring an additional 47,741 shares during the period. SG Americas Securities LLC boosted its holdings in 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 acquiring an additional 30,096 shares during the period. Entropy Technologies LP acquired a new position in Teradata in the 1st quarter valued at about $568,000. Assenagon Asset Management S.A. increased its stake in Teradata by 85.2% during the second 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 lifted its position in shares of Teradata by 57.6% during the second quarter. 272 Capital LP now owns 99,903 shares of the technology company’s stock worth $3,453,000 after purchasing an additional 36,503 shares in the last quarter. 90.31% of the stock is currently owned by hedge funds and other institutional investors.

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.