Teradata (NYSE:TDC) Stock Rating Lowered by JMP Securities

JMP Securities downgraded shares of Teradata (NYSE:TDC) from an outperform rating to a market perform rating in a research note released on Tuesday morning, MarketBeat reports.

Other research analysts have also recently issued reports about the stock. TD Cowen lowered their target price on shares of Teradata from $46.00 to $40.00 and set a hold rating on the stock in a report on Tuesday, May 7th. UBS Group began coverage on shares of Teradata in a report on Friday, July 19th. They set a sell rating and a $32.00 target price on the stock. Bank of America cut shares of Teradata from a neutral rating to an underperform rating and lowered their target price for the stock from $48.00 to $39.00 in a report on Tuesday, May 7th. Royal Bank of Canada lowered their target price on shares of Teradata from $48.00 to $44.00 and set a sector perform rating on the stock in a report on Tuesday, May 7th. Finally, StockNews.com lowered shares of Teradata from a strong-buy rating to a buy rating in a research report on Friday, April 12th. Three analysts have rated the stock with a sell rating, four have assigned a hold rating, four have assigned a buy rating and one has assigned a strong buy rating to the company’s stock. According to data from MarketBeat.com, Teradata presently has a consensus rating of Hold and a consensus price target of $40.36.

Teradata Stock Up 2.5 %

Teradata stock opened at $25.12 on Tuesday. The stock has a market cap of $2.43 billion, a P/E ratio of 59.81, a P/E/G ratio of 1.71 and a beta of 0.84. The company has a quick ratio of 0.77, a current ratio of 0.75 and a debt-to-equity ratio of 6.87. Teradata has a twelve month low of $24.02 and a twelve month high of $49.44. The company’s 50-day moving average price is $32.61 and its two-hundred day moving average price is $36.50.

Teradata (NYSE:TDC) last released its quarterly earnings results on Monday, August 5th. The technology company reported $0.64 earnings per share for the quarter, beating the consensus estimate of $0.48 by $0.16. Teradata had a net margin of 3.45% and a return on equity of 114.57%. The firm had revenue of $436.00 million for the quarter, compared to analysts’ expectations of $447.30 million. During the same period in the prior year, the firm earned $0.20 EPS. The business’s revenue was down 5.6% on a year-over-year basis. As a group, analysts expect that Teradata will post 1.15 EPS for the current year.

Insider Buying and Selling at Teradata

In other Teradata news, CEO Stephen Mcmillan sold 10,000 shares of the firm’s stock in a transaction that occurred on Friday, May 24th. The shares were sold at an average price of $31.95, for a total value of $319,500.00. Following the sale, the chief executive officer now owns 393,579 shares in the company, valued at $12,574,849.05. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is accessible through this link. Company insiders own 0.92% of the company’s stock.

Institutional Trading of Teradata

Hedge funds have recently added to or reduced their stakes in the stock. Versor Investments LP acquired a new stake in Teradata in the fourth quarter valued at approximately $1,049,000. Nisa Investment Advisors LLC lifted its holdings in shares of Teradata by 24.1% during the fourth quarter. Nisa Investment Advisors LLC now owns 139,096 shares of the technology company’s stock worth $6,052,000 after purchasing an additional 27,004 shares during the period. Norges Bank acquired a new position in shares of Teradata during the fourth quarter worth $54,332,000. Russell Investments Group Ltd. lifted its holdings in shares of Teradata by 61.5% during the first quarter. Russell Investments Group Ltd. now owns 125,369 shares of the technology company’s stock worth $4,848,000 after purchasing an additional 47,741 shares during the period. Finally, Redwood Investment Management LLC lifted its holdings in shares of Teradata by 295.6% during the fourth quarter. Redwood Investment Management LLC now owns 138,867 shares of the technology company’s stock worth $6,042,000 after purchasing an additional 103,761 shares during the period. Institutional investors and hedge funds 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.