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

Teradata (NYSE:TDC)‘s stock had its “sector perform” rating reiterated by investment analysts at Royal Bank of Canada in a research report issued on Tuesday, Benzinga reports. They presently have a $32.00 price objective on the technology company’s stock. Royal Bank of Canada’s price target would indicate a potential upside of 9.70% from the company’s current price.

Several other equities research analysts have also commented on the stock. TD Cowen dropped their price target on shares of Teradata from $37.00 to $29.00 and set a “hold” rating on the stock in a research note on Tuesday, August 6th. Evercore ISI increased their price objective on shares of Teradata from $34.00 to $37.00 and gave the company an “outperform” rating in a report on Tuesday, October 15th. Northland Securities decreased their price objective on shares of Teradata from $49.00 to $38.00 and set an “outperform” rating for the company in a report on Tuesday, August 6th. JMP Securities cut shares of Teradata from an “outperform” rating to a “market perform” rating in a report on Tuesday, August 6th. Finally, Barclays decreased their price objective on shares of Teradata from $30.00 to $29.00 and set an “underweight” rating for the company in a report on Tuesday. Three analysts have rated the stock with a sell rating, four have given a hold rating, four have assigned a buy rating and one has issued a strong buy rating to the company. Based on data from MarketBeat, the company presently has an average rating of “Hold” and an average price target of $40.55.

Teradata Stock Performance

TDC traded down $4.21 on Tuesday, hitting $29.17. 1,037,240 shares of the company’s stock were exchanged, compared to its average volume of 934,375. The stock has a fifty day moving average of $30.06 and a two-hundred day moving average of $31.69. Teradata has a twelve month low of $24.02 and a twelve month high of $49.44. The firm has a market cap of $2.80 billion, a PE ratio of 46.40, a P/E/G ratio of 3.08 and a beta of 0.80. The company has a current ratio of 0.75, a quick ratio of 0.72 and a debt-to-equity ratio of 6.87.

Teradata (NYSE:TDC) last announced its quarterly earnings results on Monday, November 4th. The technology company reported $0.69 EPS for the quarter, beating the consensus estimate of $0.56 by $0.13. Teradata had a net margin of 3.45% and a return on equity of 114.57%. The company had revenue of $440.00 million for the quarter, compared to analyst estimates of $417.71 million. During the same quarter last year, the business earned $0.14 earnings per share. Teradata’s revenue was up .5% compared to the same quarter last year. On average, research analysts anticipate that Teradata will post 1.3 earnings per share for the current fiscal year.

Insiders Place Their Bets

In other news, insider Hillary Ashton sold 14,962 shares of the company’s stock in a transaction 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 transaction, the insider now directly owns 121,382 shares of the company’s stock, valued at approximately $3,341,646.46. This represents a 0.00 % decrease in their ownership of the stock. The transaction was disclosed in a legal filing with the SEC, which can be accessed through this link. In other Teradata news, insider Margaret A. Treese sold 5,500 shares of the business’s stock in a transaction dated Thursday, August 29th. The stock was 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. The trade was a 0.00 % decrease in their ownership of the stock. The sale was disclosed in a filing with the Securities & Exchange Commission, which is available at this hyperlink. Also, insider Hillary Ashton sold 14,962 shares of the business’s stock in a transaction dated Tuesday, September 10th. The stock was sold at an average price of $27.53, for a total value of $411,903.86. Following the completion of the sale, the insider now directly owns 121,382 shares of the company’s stock, valued at $3,341,646.46. This represents a 0.00 % decrease in their position. The disclosure for this sale can be found here. Insiders own 0.86% of the company’s stock.

Hedge Funds Weigh In On Teradata

Several institutional investors and hedge funds have recently added to or reduced their stakes in TDC. Crewe Advisors LLC bought a new position in Teradata during the second quarter valued at about $26,000. GAMMA Investing LLC boosted its holdings in Teradata by 88.0% during the third quarter. GAMMA Investing LLC now owns 955 shares of the technology company’s stock valued at $29,000 after purchasing an additional 447 shares in the last quarter. Hexagon Capital Partners LLC boosted its holdings in Teradata by 111.4% during the second quarter. Hexagon Capital Partners LLC now owns 962 shares of the technology company’s stock valued at $33,000 after purchasing an additional 507 shares in the last quarter. Allworth Financial LP boosted its holdings in Teradata by 75.2% during the third quarter. Allworth Financial LP now owns 1,326 shares of the technology company’s stock valued at $40,000 after purchasing an additional 569 shares in the last quarter. Finally, International Assets Investment Management LLC boosted its holdings in Teradata by 2,934.1% during the third quarter. International Assets Investment Management LLC now owns 1,335 shares of the technology company’s stock valued at $44,000 after purchasing an additional 1,291 shares in the last quarter. 90.31% of the stock is currently owned by institutional investors.

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.