Teradata (NYSE:TDC) Shares Gap Up Following Earnings Beat

Teradata Co. (NYSE:TDCGet Rating) shares gapped up prior to trading on Tuesday following a stronger than expected earnings report. The stock had previously closed at $30.04, but opened at $31.37. Teradata shares last traded at $31.69, with a volume of 9,681 shares changing hands.

The technology company reported $0.31 EPS for the quarter, beating analysts’ consensus estimates of $0.29 by $0.02. Teradata had a net margin of 4.41% and a return on equity of 34.05%. The firm had revenue of $417.00 million for the quarter, compared to analysts’ expectations of $423.10 million. During the same quarter in the prior year, the company posted $0.24 earnings per share. The business’s revenue for the quarter was down 9.3% on a year-over-year basis.

Wall Street Analyst Weigh In

TDC has been the subject of several recent analyst reports. Citigroup decreased their price target on Teradata from $45.00 to $40.00 and set a “buy” rating for the company in a research note on Tuesday, November 1st. Craig Hallum lowered their target price on shares of Teradata from $57.00 to $40.00 in a research note on Tuesday. StockNews.com assumed coverage on shares of Teradata in a report on Wednesday, October 12th. They set a “buy” rating on the stock. Royal Bank of Canada decreased their price objective on shares of Teradata from $38.00 to $37.00 and set a “sector perform” rating for the company in a report on Tuesday. Finally, Barclays dropped their target price on shares of Teradata from $36.00 to $33.00 and set an “underweight” rating on the stock in a report on Tuesday, October 18th. Two research analysts have rated the stock with a sell rating, two have given a hold rating and six have given a buy rating to the company. According to MarketBeat, the company has a consensus rating of “Hold” and an average price target of $45.67.

Institutional Trading of Teradata

A number of hedge funds and other institutional investors have recently added to or reduced their stakes in TDC. Ronald Blue Trust Inc. purchased a new position in shares of Teradata during the 2nd quarter worth $26,000. Whittier Trust Co. of Nevada Inc. bought a new stake in Teradata during the second quarter valued at about $31,000. Parallel Advisors LLC increased its position in Teradata by 480.1% in the second quarter. Parallel Advisors LLC now owns 1,137 shares of the technology company’s stock worth $42,000 after buying an additional 941 shares in the last quarter. SeaCrest Wealth Management LLC bought a new position in shares of Teradata in the second quarter worth about $43,000. Finally, Canada Pension Plan Investment Board purchased a new position in shares of Teradata during the 1st quarter valued at about $44,000. 94.86% of the stock is owned by hedge funds and other institutional investors.

Teradata Trading Up 3.1 %

The stock has a 50 day moving average of $31.20 and a 200-day moving average of $35.19. The company has a market capitalization of $3.24 billion, a P/E ratio of 42.44, a P/E/G ratio of 1.34 and a beta of 0.99. The company has a current ratio of 1.05, a quick ratio of 1.03 and a debt-to-equity ratio of 2.45.

About Teradata

(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.

Further Reading

Receive News & Ratings for Teradata Daily - Enter your email address below to receive a concise daily summary of the latest news and analysts' ratings for Teradata and related companies with MarketBeat.com's FREE daily email newsletter.