Teradata (NYSE:TDC) Reaches New 12-Month Low After Analyst Downgrade

Teradata Co. (NYSE:TDC)’s stock price hit a new 52-week low during mid-day trading on Tuesday after Evercore ISI lowered their price target on the stock from $58.00 to $46.00. Evercore ISI currently has an outperform rating on the stock. Teradata traded as low as $31.61 and last traded at $32.76, with a volume of 583415 shares trading hands. The stock had previously closed at $37.96.

Several other analysts also recently commented on the stock. Barclays reduced their price objective on shares of Teradata from $39.00 to $35.00 and set an “underweight” rating for the company in a research report on Tuesday. JMP Securities decreased their target price on Teradata from $72.00 to $60.00 and set a “market outperform” rating for the company in a research report on Tuesday. Citigroup increased their price target on Teradata from $57.00 to $60.00 and gave the stock a “buy” rating in a report on Monday, February 12th. Bank of America lowered Teradata from a “neutral” rating to an “underperform” rating and lowered their target price for the stock from $48.00 to $39.00 in a research report on Tuesday. Finally, StockNews.com lowered shares of Teradata from a “strong-buy” rating to a “buy” rating in a research note on Friday, April 12th. Two research analysts have rated the stock with a sell rating, three have issued a hold rating and six have issued a buy rating to the stock. According to MarketBeat.com, Teradata currently has a consensus rating of “Hold” and an average price target of $49.90.

Insider Buying and Selling at Teradata

In other Teradata news, CEO Stephen Mcmillan sold 40,597 shares of the 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 owns 528,302 shares in the company, valued at approximately $20,191,702.44. The transaction was disclosed in a document filed with the SEC, which is available at this link. In other Teradata news, insider Hillary Ashton sold 9,743 shares of the business’s stock in a transaction dated Friday, March 1st. The shares were sold at an average price of $37.45, for a total value of $364,875.35. Following the transaction, the insider now directly owns 156,704 shares in the company, valued at $5,868,564.80. The transaction was disclosed in a filing with the SEC, which can be accessed through this hyperlink. Also, CEO Stephen Mcmillan sold 40,597 shares of the firm’s stock in a transaction on Thursday, February 22nd. The stock was 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 disclosure for this sale can be found here. In the last three months, insiders have sold 76,615 shares of company stock worth $2,903,644. Corporate insiders own 0.86% of the company’s stock.

Institutional Investors Weigh In On Teradata

A number of hedge funds and other institutional investors have recently bought and sold shares of the business. North Star Investment Management Corp. purchased a new position in Teradata in the fourth quarter worth $26,000. Sound Income Strategies LLC purchased a new position in Teradata in the 1st quarter worth $31,000. Smithfield Trust Co purchased a new stake in Teradata during the third quarter valued at about $34,000. Principal Securities Inc. bought a new position in shares of Teradata during the fourth quarter valued at about $38,000. Finally, GAMMA Investing LLC purchased a new position in shares of Teradata in the fourth quarter worth about $47,000. Institutional investors own 90.31% of the company’s stock.

Teradata Stock Performance

The company has a market cap of $3.20 billion, a P/E ratio of 53.64, a price-to-earnings-growth ratio of 1.64 and a beta of 0.95. The business has a 50 day moving average price of $37.66 and a two-hundred day moving average price of $42.21. The company has a debt-to-equity ratio of 4.02, a quick ratio of 0.86 and a current ratio of 0.87.

Teradata (NYSE:TDC) last released its quarterly earnings data on Monday, May 6th. The technology company reported $0.57 earnings per share for the quarter, beating analysts’ consensus estimates of $0.55 by $0.02. The firm had revenue of $465.00 million during the quarter, compared to analyst estimates of $461.93 million. Teradata had a return on equity of 58.25% and a net margin of 3.38%. The business’s quarterly revenue was down 2.3% compared to the same quarter last year. During the same quarter in the prior year, the firm posted $0.40 earnings per share. On average, sell-side analysts anticipate that Teradata Co. will post 1.27 earnings per share for the current year.

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.