Teradata (NYSE:TDC) Reaches New 12-Month Low on Analyst Downgrade

Shares of Teradata Co. (NYSE:TDC) hit a new 52-week low on Tuesday after Evercore ISI lowered their price target on the stock from $58.00 to $46.00. Evercore ISI currently has an outperform rating on the stock. Teradata traded as low as $31.61 and last traded at $32.76, with a volume of 583415 shares changing hands. The stock had previously closed at $37.96.

TDC has been the topic of several other reports. StockNews.com downgraded Teradata from a “strong-buy” rating to a “buy” rating in a research report on Friday, April 12th. JMP Securities lowered their target price on Teradata from $72.00 to $60.00 and set a “market outperform” rating on the stock in a report on Tuesday. Citigroup upped their price target on Teradata from $57.00 to $60.00 and gave the stock a “buy” rating in a report on Monday, February 12th. Bank of America downgraded shares of Teradata from a “neutral” rating to an “underperform” rating and lowered their price objective for the stock from $48.00 to $39.00 in a research note on Tuesday. Finally, Barclays cut their target price on shares of Teradata from $39.00 to $35.00 and set an “underweight” rating for the company in a research note on Tuesday. Two analysts have rated the stock with a sell rating, three have assigned a hold rating and six have assigned a buy rating to the company. Based on data from MarketBeat.com, the company currently has a consensus rating of “Hold” and an average price target of $49.90.

Insider Transactions at Teradata

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

Institutional Trading of Teradata

Several hedge funds have recently modified their holdings of TDC. Norges Bank bought a new stake in Teradata during the 4th quarter worth approximately $54,332,000. Federated Hermes Inc. increased its stake in shares of Teradata by 616.4% in the fourth quarter. Federated Hermes Inc. now owns 617,653 shares of the technology company’s stock valued at $26,874,000 after buying an additional 531,440 shares in the last quarter. Vanguard Group Inc. raised its holdings in shares of Teradata by 4.4% in the third quarter. Vanguard Group Inc. now owns 11,671,512 shares of the technology company’s stock valued at $525,451,000 after buying an additional 496,702 shares during the last quarter. American Century Companies Inc. lifted its position in Teradata by 21.2% during the 3rd quarter. American Century Companies Inc. now owns 2,585,939 shares of the technology company’s stock worth $116,419,000 after buying an additional 451,816 shares in the last quarter. Finally, Invesco Ltd. grew its holdings in Teradata by 124.5% during the 3rd quarter. Invesco Ltd. now owns 594,626 shares of the technology company’s stock worth $26,770,000 after acquiring an additional 329,808 shares during the last quarter. Institutional investors and hedge funds own 90.31% of the company’s stock.

Teradata Stock Down 0.1 %

The firm’s 50-day simple moving average is $37.58 and its two-hundred day simple moving average is $42.14. The stock has a market cap of $3.19 billion, a price-to-earnings ratio of 53.60, a PEG ratio of 1.64 and a beta of 0.95. 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 (NYSE:TDC) last issued its quarterly earnings results on Monday, May 6th. The technology company reported $0.57 earnings per share for the quarter, beating analysts’ consensus estimates of $0.55 by $0.02. Teradata had a net margin of 3.38% and a return on equity of 58.25%. The business had revenue of $465.00 million during the quarter, compared to analyst estimates of $461.93 million. During the same quarter last year, the business posted $0.40 earnings per share. Teradata’s revenue for the quarter was down 2.3% compared to the same quarter last year. On average, sell-side analysts expect that Teradata Co. will post 1.27 EPS for the current fiscal year.

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.