Teradata (NYSE:TDC) Announces Quarterly Earnings Results, Beats Estimates By $0.02 EPS

Teradata (NYSE:TDC – Get Rating) issued its quarterly earnings results on Thursday. The technology company reported $0.65 EPS for the quarter, beating the consensus estimate of $0.63 by $0.02, MarketWatch Earnings reports. Teradata had a return on equity of 40.90% and a net margin of 7.67%. The firm had revenue of $496.00 million during the quarter, compared to analysts’ expectations of $490.86 million. During the same period in the prior year, the firm posted $0.55 earnings per share. The business’s quarterly revenue was up 1.0% compared to the same quarter last year. Teradata updated its Q2 guidance to $0.26 to $0.30 EPS.

Shares of NYSE TDC traded down $4.05 during trading hours on Friday, reaching $35.84. 3,886,444 shares of the stock were exchanged, compared to its average volume of 1,005,133. The stock’s fifty day simple moving average is $46.01 and its 200 day simple moving average is $46.22. Teradata has a 52 week low of $34.93 and a 52 week high of $59.38. The company has a debt-to-equity ratio of 0.82, a quick ratio of 1.05 and a current ratio of 1.07. The firm has a market capitalization of $3.67 billion, a price-to-earnings ratio of 30.90, a P/E/G ratio of 1.40 and a beta of 1.08.

In other Teradata news, insider Kathleen R. Cullen-Cote sold 22,443 shares of the firm’s stock in a transaction on Thursday, March 3rd. The stock was sold at an average price of $49.29, for a total transaction of $1,106,215.47. The transaction was disclosed in a document filed with the SEC, which is accessible through the SEC website. Also, Director Timothy C. K. Chou sold 2,265 shares of the firm’s stock in a transaction on Monday, April 4th. The stock was sold at an average price of $49.06, for a total value of $111,120.90. Following the transaction, the director now owns 22,321 shares in the company, valued at approximately $1,095,068.26. The disclosure for this sale can be found here. In the last 90 days, insiders have sold 62,940 shares of company stock worth $3,041,408. Corporate insiders own 0.92% of the company’s stock.

Institutional investors and hedge funds have recently modified their holdings of the company. Virtu Financial LLC bought a new position in shares of Teradata in the 4th quarter valued at $229,000. Comerica Bank increased its stake in shares of Teradata by 1.0% in the 4th quarter. Comerica Bank now owns 50,708 shares of the technology company’s stock valued at $2,022,000 after purchasing an additional 522 shares during the last quarter. Deutsche Bank AG increased its stake in shares of Teradata by 216.5% in the 4th quarter. Deutsche Bank AG now owns 51,160 shares of the technology company’s stock valued at $2,173,000 after purchasing an additional 34,994 shares during the last quarter. Vident Investment Advisory LLC increased its stake in shares of Teradata by 9.5% in the 4th quarter. Vident Investment Advisory LLC now owns 53,369 shares of the technology company’s stock valued at $2,267,000 after purchasing an additional 4,643 shares during the last quarter. Finally, Penserra Capital Management LLC boosted its holdings in shares of Teradata by 48.5% during the 4th quarter. Penserra Capital Management LLC now owns 60,004 shares of the technology company’s stock valued at $2,548,000 after acquiring an additional 19,598 shares in the last quarter. Institutional investors own 98.54% of the company’s stock.

A number of analysts have recently issued reports on the company. TheStreet raised Teradata from a “c+” rating to a “b-” rating in a research report on Tuesday, February 8th. Credit Suisse Group cut their price objective on Teradata from $40.00 to $34.00 and set an “underperform” rating for the company in a research report on Tuesday, February 8th. Morgan Stanley raised their price objective on Teradata from $56.00 to $57.00 and gave the company an “overweight” rating in a research report on Tuesday, February 8th. Barclays cut their price objective on Teradata from $50.00 to $43.00 in a research report on Wednesday, January 12th. Finally, StockNews.com cut Teradata from a “strong-buy” rating to a “buy” rating in a research report on Thursday. One research analyst has rated the stock with a sell rating, three have assigned a hold rating and seven have given a buy rating to the company’s stock. Based on data from MarketBeat, the company presently has a consensus rating of “Buy” and a consensus target price of $56.36.

Teradata Company Profile (Get Rating)

Teradata Corporation, together with its subsidiaries, provides a connected multi-cloud data platform for enterprise analytics. The company offers Teradata Vantage, a data platform that allows companies to leverage their data across an enterprise, as well as connects various sources of data to drive ecosystem simplification and support customers on their journey to the cloud through an integrated migration.

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