Teradata Corporation (NYSE:TDC)‘s stock had its “hold” rating restated by stock analysts at Royal Bank Of Canada in a research note issued to investors on Wednesday, October 18th. They presently have a $30.00 price objective on the technology company’s stock. Royal Bank Of Canada’s target price would indicate a potential downside of 7.89% from the company’s previous close.
Other research analysts have also recently issued research reports about the stock. BidaskClub raised shares of Teradata Corporation from a “hold” rating to a “buy” rating in a research report on Friday, August 4th. Needham & Company LLC initiated coverage on shares of Teradata Corporation in a research note on Monday, September 11th. They set a “hold” rating on the stock. Stifel Nicolaus restated a “hold” rating and set a $32.00 target price on shares of Teradata Corporation in a research note on Monday, August 14th. BMO Capital Markets reaffirmed a “hold” rating and issued a $30.00 price target on shares of Teradata Corporation in a report on Sunday, July 16th. Finally, Sanford C. Bernstein reaffirmed an “underperform” rating and set a $27.00 price target on shares of Teradata Corporation in a report on Monday, September 11th. Four research analysts have rated the stock with a sell rating, ten have assigned a hold rating and one has assigned a buy rating to the company’s stock. The stock currently has an average rating of “Hold” and a consensus target price of $29.11.
Shares of Teradata Corporation (NYSE TDC) traded up 1.41% on Wednesday, reaching $33.03. 414,530 shares of the company’s stock traded hands. Teradata Corporation has a 52-week low of $26.27 and a 52-week high of $34.30. The stock has a market cap of $4.16 billion, a price-to-earnings ratio of 43.06 and a beta of 1.26. The firm’s 50-day moving average is $32.72 and its 200-day moving average is $30.53.
Teradata Corporation (NYSE:TDC) last issued its quarterly earnings results on Thursday, July 27th. The technology company reported $0.22 EPS for the quarter, hitting the consensus estimate of $0.22. Teradata Corporation had a net margin of 4.63% and a return on equity of 21.12%. The company had revenue of $513.00 million during the quarter, compared to analyst estimates of $519.79 million. During the same quarter in the previous year, the firm earned $0.71 EPS. The firm’s revenue was down 14.4% compared to the same quarter last year. Analysts anticipate that Teradata Corporation will post $1.25 EPS for the current fiscal year.
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In other Teradata Corporation news, insider Victor L. Lund purchased 31,270 shares of the company’s stock in a transaction that occurred on Monday, July 31st. The shares were purchased at an average cost of $31.95 per share, with a total value of $999,076.50. Following the completion of the transaction, the insider now owns 111,447 shares of the company’s stock, valued at $3,560,731.65. The acquisition was disclosed in a filing with the Securities & Exchange Commission, which is accessible through this hyperlink. Also, CFO Stephen Mark Scheppmann sold 47,065 shares of the company’s stock in a transaction on Monday, July 31st. The shares were sold at an average price of $31.83, for a total value of $1,498,078.95. Following the transaction, the chief financial officer now directly owns 143,689 shares in the company, valued at $4,573,620.87. The disclosure for this sale can be found here. Corporate insiders own 1.73% of the company’s stock.
Several institutional investors and hedge funds have recently added to or reduced their stakes in TDC. Comerica Bank boosted its stake in Teradata Corporation by 0.3% during the 1st quarter. Comerica Bank now owns 31,346 shares of the technology company’s stock valued at $921,000 after purchasing an additional 98 shares during the period. UBS Asset Management Americas Inc. raised its holdings in Teradata Corporation by 13.0% in the 1st quarter. UBS Asset Management Americas Inc. now owns 111,023 shares of the technology company’s stock valued at $3,455,000 after acquiring an additional 12,814 shares in the last quarter. Alliancebernstein L.P. raised its holdings in Teradata Corporation by 43.7% in the 1st quarter. Alliancebernstein L.P. now owns 323,348 shares of the technology company’s stock valued at $10,063,000 after acquiring an additional 98,268 shares in the last quarter. Credit Agricole S A raised its holdings in Teradata Corporation by 41.4% in the 1st quarter. Credit Agricole S A now owns 13,336 shares of the technology company’s stock valued at $415,000 after acquiring an additional 3,904 shares in the last quarter. Finally, Principal Financial Group Inc. raised its holdings in shares of Teradata Corporation by 1.7% in the 1st quarter. Principal Financial Group Inc. now owns 208,504 shares of the technology company’s stock worth $6,489,000 after buying an additional 3,426 shares in the last quarter. Institutional investors own 99.66% of the company’s stock.
About Teradata Corporation
Teradata Corporation is a provider of analytic data platforms, analytic applications and related services. The Company’s segments include Americas region (North America and Latin America) and International region (Europe, Middle East, Africa, Asia Pacific and Japan). Its offerings include analytics solutions, ecosystem architecture consulting and hybrid cloud solutions.
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