Teradata (NYSE:TDC) Price Target Cut to $40.00

Teradata (NYSE:TDC) had its price objective cut by stock analysts at TD Cowen from $46.00 to $40.00 in a research note issued on Tuesday, Benzinga reports. The brokerage currently has a “hold” rating on the technology company’s stock. TD Cowen’s price target indicates a potential upside of 22.34% from the company’s previous close.

Other equities analysts also recently issued research reports about the stock. Citigroup lifted their target price on shares of Teradata from $57.00 to $60.00 and gave the stock a “buy” rating in a research note on Monday, February 12th. StockNews.com lowered shares of Teradata from a “strong-buy” rating to a “buy” rating in a research note on Friday, April 12th. Bank of America lowered shares of Teradata from a “neutral” rating to an “underperform” rating and dropped their price objective for the company from $48.00 to $39.00 in a research note on Tuesday. Barclays dropped 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, JMP Securities dropped their price objective on shares of Teradata from $72.00 to $60.00 and set a “market outperform” rating on the stock in a research note on Tuesday. Two investment analysts have rated the stock with a sell rating, three have given a hold rating and six have issued a buy rating to the company’s stock. Based on data from MarketBeat, the stock presently has a consensus rating of “Hold” and an average price target of $49.90.

Teradata Price Performance

Shares of NYSE:TDC 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. Teradata has a 52 week low of $31.61 and a 52 week high of $57.73. The firm has a market cap of $3.19 billion, a PE ratio of 53.60, a price-to-earnings-growth ratio of 1.64 and a beta of 0.95. The firm’s fifty day moving average is $37.58 and its 200-day moving average is $42.14.

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

Insiders Place Their Bets

In other news, insider Hillary Ashton sold 9,743 shares of the business’s stock in a transaction that occurred on Friday, March 1st. The shares were sold at an average price of $37.45, for a total value of $364,875.35. Following the sale, the insider now owns 156,704 shares of the company’s stock, valued at $5,868,564.80. The transaction was disclosed in a legal filing with the SEC, which is accessible through the SEC website. In other news, insider Hillary Ashton sold 9,743 shares of the company’s stock in a transaction dated Friday, March 1st. The stock was sold at an average price of $37.45, for a total transaction of $364,875.35. Following the sale, the insider now directly owns 156,704 shares in the company, valued at $5,868,564.80. The sale was disclosed in a document filed with the SEC, which is available at this link. Also, insider Kathleen R. Cullen-Cote sold 26,275 shares of the firm’s stock in a transaction that occurred on Tuesday, March 5th. The shares were sold at an average price of $37.57, for a total transaction of $987,151.75. Following the completion of the transaction, the insider now owns 127,595 shares of the company’s stock, valued at $4,793,744.15. The disclosure for this sale can be found here. Over the last 90 days, insiders have sold 76,615 shares of company stock valued at $2,903,644. Company insiders own 0.86% of the company’s stock.

Institutional Inflows and Outflows

Several institutional investors have recently made changes to their positions in TDC. Zurcher Kantonalbank Zurich Cantonalbank boosted its stake in Teradata by 12.5% during the third quarter. Zurcher Kantonalbank Zurich Cantonalbank now owns 21,222 shares of the technology company’s stock valued at $955,000 after buying an additional 2,352 shares during the period. Mackenzie Financial Corp boosted its position in shares of Teradata by 102.2% during the 3rd quarter. Mackenzie Financial Corp now owns 146,454 shares of the technology company’s stock valued at $6,443,000 after acquiring an additional 74,036 shares during the last quarter. Strs Ohio grew its holdings in shares of Teradata by 18.8% during the third quarter. Strs Ohio now owns 25,193 shares of the technology company’s stock worth $1,134,000 after purchasing an additional 3,990 shares in the last quarter. Mirae Asset Global Investments Co. Ltd. increased its position in shares of Teradata by 25.2% in the third quarter. Mirae Asset Global Investments Co. Ltd. now owns 33,320 shares of the technology company’s stock worth $1,500,000 after purchasing an additional 6,710 shares during the last quarter. Finally, Portside Wealth Group LLC raised its stake in Teradata by 2.3% in the third quarter. Portside Wealth Group LLC now owns 19,037 shares of the technology company’s stock valued at $856,000 after purchasing an additional 431 shares in the last quarter. 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.