Evercore ISI Lowers Teradata (NYSE:TDC) Price Target to $46.00

Teradata (NYSE:TDC) had its target price dropped by equities research analysts at Evercore ISI from $58.00 to $46.00 in a research report issued on Tuesday, Benzinga reports. The brokerage presently has an “outperform” rating on the technology company’s stock. Evercore ISI’s price objective points to a potential upside of 40.69% from the stock’s previous close.

A number of other brokerages have also recently weighed in on TDC. Citigroup lifted their price objective on shares of Teradata from $57.00 to $60.00 and gave the company a “buy” rating in a research note on Monday, February 12th. Royal Bank of Canada cut their price objective on shares of Teradata from $48.00 to $44.00 and set a “sector perform” rating on the stock in a research note on Tuesday. Morgan Stanley cut shares of Teradata from an “overweight” rating to an “equal weight” rating and cut their price objective for the company from $74.00 to $48.00 in a research note on Tuesday, February 13th. Barclays cut their price objective on shares of Teradata from $39.00 to $35.00 and set an “underweight” rating on the stock in a research note on Tuesday. Finally, TD Cowen cut their price objective on shares of Teradata from $46.00 to $40.00 and set a “hold” rating on the stock in a research note on Tuesday. Two equities research analysts have rated the stock with a sell rating, three have assigned a hold rating and six have issued a buy rating to the company. According to data from MarketBeat, the company currently has a consensus rating of “Hold” and an average target price of $49.90.

Teradata Stock Performance

TDC stock opened at $32.70 on Tuesday. The company has a debt-to-equity ratio of 4.02, a quick ratio of 0.86 and a current ratio of 0.87. The stock has a market capitalization of $3.19 billion, a price-to-earnings ratio of 53.60, a PEG ratio of 1.64 and a beta of 0.95. Teradata has a 1 year low of $31.61 and a 1 year high of $57.73. The stock’s fifty day moving average is $37.58 and its two-hundred day moving average is $42.14.

Teradata (NYSE:TDC) last posted its earnings results on Monday, May 6th. The technology company reported $0.57 earnings per share (EPS) for the quarter, beating analysts’ consensus estimates of $0.55 by $0.02. The company had revenue of $465.00 million for the quarter, compared to analysts’ expectations of $461.93 million. Teradata had a return on equity of 58.25% and a net margin of 3.38%. The firm’s quarterly revenue was down 2.3% compared to the same quarter last year. During the same period last year, the business posted $0.40 earnings per share. On average, research analysts predict that Teradata will post 1.27 EPS for the current year.

Insider Buying and Selling

In related news, insider Kathleen R. Cullen-Cote sold 26,275 shares of the stock in a transaction that occurred on Tuesday, March 5th. The stock was sold at an average price of $37.57, for a total value of $987,151.75. Following the transaction, the insider now owns 127,595 shares in the company, valued at $4,793,744.15. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is available at this link. In other Teradata news, CEO Stephen Mcmillan sold 40,597 shares of the company’s stock in a transaction that occurred on Thursday, February 22nd. The stock was sold at an average price of $38.22, for a total transaction of $1,551,617.34. Following the completion of the sale, the chief executive officer now owns 528,302 shares of the company’s stock, valued at $20,191,702.44. The sale was disclosed in a document filed with the Securities & Exchange Commission, which can be accessed through the SEC website. Also, insider Kathleen R. Cullen-Cote sold 26,275 shares of the company’s stock in a transaction that occurred on Tuesday, March 5th. The stock was sold at an average price of $37.57, for a total value of $987,151.75. Following the sale, the insider now directly owns 127,595 shares of the company’s stock, valued at approximately $4,793,744.15. The disclosure for this sale can be found here. Over the last quarter, insiders have sold 76,615 shares of company stock worth $2,903,644. Insiders own 0.86% of the company’s stock.

Institutional Investors Weigh In On Teradata

A number of large investors have recently added to or reduced their stakes in the stock. Entropy Technologies LP bought a new stake in Teradata during the first quarter worth approximately $568,000. ProShare Advisors LLC boosted its position in shares of Teradata by 8.6% in the first quarter. ProShare Advisors LLC now owns 9,613 shares of the technology company’s stock valued at $372,000 after acquiring an additional 758 shares during the period. Russell Investments Group Ltd. boosted its position in shares of Teradata by 61.5% in the first 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. Qsemble Capital Management LP bought a new stake in shares of Teradata in the first quarter valued at approximately $279,000. Finally, Quantbot Technologies LP boosted its position in shares of Teradata by 9,353.1% in the first quarter. Quantbot Technologies LP now owns 83,471 shares of the technology company’s stock valued at $3,228,000 after acquiring an additional 82,588 shares during the period. Institutional investors own 90.31% of the company’s stock.

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.