Teradata (NYSE:TDC) Reaches New 52-Week Low at $36.56

Teradata Co. (NYSE:TDC)’s stock price reached a new 52-week low during trading on Friday . The stock traded as low as $36.56 and last traded at $36.57, with a volume of 336082 shares traded. The stock had previously closed at $37.50.

Wall Street Analysts Forecast Growth

Several research firms have commented on TDC. Barclays dropped their price target on shares of Teradata from $46.00 to $43.00 and set an “underweight” rating for the company in a research note on Tuesday, February 13th. StockNews.com downgraded shares of Teradata from a “strong-buy” rating to a “buy” rating in a research note on Friday. Morgan Stanley downgraded shares of Teradata from an “overweight” rating to an “equal weight” rating and lowered their target price for the stock from $74.00 to $48.00 in a research note on Tuesday, February 13th. JMP Securities reiterated a “market outperform” rating and set a $72.00 target price on shares of Teradata in a research note on Tuesday, February 13th. Finally, Bank of America downgraded shares of Teradata from a “buy” rating to a “neutral” rating and lowered their target price for the stock from $58.00 to $48.00 in a research note on Tuesday, February 13th. One investment analyst has rated the stock with a sell rating, three have issued a hold rating and seven have issued a buy rating to the company’s stock. According to data from MarketBeat.com, the company currently has an average rating of “Moderate Buy” and a consensus target price of $57.30.

Teradata Trading Down 3.2 %

The stock has a market capitalization of $3.55 billion, a PE ratio of 59.52, a PEG ratio of 1.60 and a beta of 0.95. The company has a quick ratio of 0.86, a current ratio of 0.87 and a debt-to-equity ratio of 4.02. The business’s 50-day moving average is $39.29 and its two-hundred day moving average is $43.21.

Teradata (NYSE:TDC) last announced its earnings results on Monday, February 12th. The technology company reported $0.56 EPS for the quarter, beating analysts’ consensus estimates of $0.51 by $0.05. Teradata had a net margin of 3.38% and a return on equity of 58.25%. The business had revenue of $457.00 million during the quarter, compared to analysts’ expectations of $455.84 million. During the same period in the prior year, the company earned $0.05 earnings per share. The business’s revenue was up 1.1% compared to the same quarter last year. On average, analysts anticipate that Teradata Co. will post 1.27 earnings per share for the current fiscal year.

Insider Activity

In other news, CEO Stephen Mcmillan sold 40,597 shares of the company’s stock in a transaction dated Thursday, February 22nd. The shares were sold at an average price of $38.22, for a total value of $1,551,617.34. Following the completion of the sale, the chief executive officer now directly owns 528,302 shares of the company’s stock, valued at $20,191,702.44. The sale was disclosed in a filing with the Securities & Exchange Commission, which is available through this link. In other news, CEO Stephen Mcmillan sold 40,597 shares of the company’s stock in a transaction dated Thursday, February 22nd. The shares were sold at an average price of $38.22, for a total value of $1,551,617.34. Following the completion of the sale, the chief executive officer now directly owns 528,302 shares of the company’s stock, valued at $20,191,702.44. The sale was disclosed in a filing with the Securities & Exchange Commission, which is available through this link. Also, insider Hillary Ashton sold 9,743 shares of the business’s stock in a transaction dated Friday, March 1st. The stock was sold at an average price of $37.45, for a total transaction of $364,875.35. Following the transaction, the insider now owns 156,704 shares in the company, valued at $5,868,564.80. The disclosure for this sale can be found here. Over the last three months, insiders sold 76,615 shares of company stock valued at $2,903,644. Insiders own 0.92% of the company’s stock.

Institutional Inflows and Outflows

A number of institutional investors and hedge funds have recently made changes to their positions in the company. Wallace Advisory Group LLC increased its stake in shares of Teradata by 9.1% during the first quarter. Wallace Advisory Group LLC now owns 7,141 shares of the technology company’s stock worth $276,000 after acquiring an additional 594 shares during the period. Tealwood Asset Management Inc. increased its stake in shares of Teradata by 21.1% during the first quarter. Tealwood Asset Management Inc. now owns 25,043 shares of the technology company’s stock worth $968,000 after acquiring an additional 4,362 shares during the period. Kapitalo Investimentos Ltda grew its position in Teradata by 96.8% during the fourth quarter. Kapitalo Investimentos Ltda now owns 8,110 shares of the technology company’s stock worth $353,000 after buying an additional 3,989 shares during the period. GSA Capital Partners LLP grew its position in Teradata by 164.6% during the fourth quarter. GSA Capital Partners LLP now owns 22,303 shares of the technology company’s stock worth $970,000 after buying an additional 13,875 shares during the period. Finally, Mercer Global Advisors Inc. ADV grew its position in Teradata by 9.7% during the fourth quarter. Mercer Global Advisors Inc. ADV now owns 5,931 shares of the technology company’s stock worth $258,000 after buying an additional 525 shares during the period. 90.31% of the stock is currently owned by institutional investors and hedge funds.

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.