Bank of America Downgrades Teradata (NYSE:TDC) to Underperform

Teradata (NYSE:TDC) was downgraded by equities research analysts at Bank of America from a “neutral” rating to an “underperform” rating in a note issued to investors on Tuesday, MarketBeat Ratings reports. They currently have a $39.00 price target on the technology company’s stock, down from their previous price target of $48.00. Bank of America‘s price target would indicate a potential upside of 19.28% from the stock’s previous close.

TDC has been the topic of a number of other research reports. Morgan Stanley downgraded Teradata from an “overweight” rating to an “equal weight” rating and dropped their price objective for the stock from $74.00 to $48.00 in a report on Tuesday, February 13th. Barclays dropped their price objective on Teradata from $43.00 to $39.00 and set an “underweight” rating on the stock in a report on Monday, April 15th. Royal Bank of Canada dropped their price objective on Teradata from $59.00 to $48.00 and set a “sector perform” rating on the stock in a report on Tuesday, February 13th. JMP Securities restated a “market outperform” rating and issued a $72.00 price objective on shares of Teradata in a report on Tuesday, February 13th. Finally, StockNews.com downgraded Teradata from a “strong-buy” rating to a “buy” rating in a report on Friday, April 12th. Two equities research analysts have rated the stock with a sell rating, three have given a hold rating and six have given a buy rating to the company’s stock. Based on data from MarketBeat, Teradata has a consensus rating of “Hold” and an average target price of $49.90.

Teradata Price Performance

Shares of TDC opened at $32.70 on Tuesday. The company has a market capitalization of $3.19 billion, a price-to-earnings ratio of 53.60, a P/E/G ratio of 1.64 and a beta of 0.95. Teradata has a fifty-two week low of $31.61 and a fifty-two week high of $57.73. The company has a debt-to-equity ratio of 4.02, a current ratio of 0.87 and a quick ratio of 0.86. The business’s 50-day moving average is $37.58 and its 200-day moving average is $42.14.

Teradata (NYSE:TDC) last issued its earnings results 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. Teradata had a return on equity of 58.25% and a net margin of 3.38%. The company had revenue of $465.00 million for the quarter, compared to the consensus estimate of $461.93 million. During the same quarter in the prior year, the company earned $0.40 EPS. The firm’s quarterly revenue was down 2.3% on a year-over-year basis. Equities research analysts expect that Teradata will post 1.27 EPS for the current fiscal year.

Insiders Place Their Bets

In other Teradata news, CEO Stephen Mcmillan sold 40,597 shares of the company’s stock in a transaction that occurred on Thursday, February 22nd. The stock was sold at an average price of $38.22, for a total transaction of $1,551,617.34. Following the completion of the sale, the chief executive officer now owns 528,302 shares of the company’s stock, valued at $20,191,702.44. The sale was disclosed in a document filed with the Securities & Exchange Commission, which can be accessed through the SEC website. In other news, insider Kathleen R. Cullen-Cote sold 26,275 shares of the stock in a transaction that occurred on Tuesday, March 5th. The stock was sold at an average price of $37.57, for a total value of $987,151.75. Following the completion of the sale, the insider now directly owns 127,595 shares of the company’s stock, valued at $4,793,744.15. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which can be accessed through this hyperlink. Also, CEO Stephen Mcmillan sold 40,597 shares of the stock in a transaction that occurred on 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 disclosure for this sale can be found here. Insiders sold 76,615 shares of company stock valued at $2,903,644 over the last 90 days. 0.86% of the stock is currently owned by company insiders.

Institutional Investors Weigh In On Teradata

Several hedge funds have recently modified their holdings of TDC. Zurcher Kantonalbank Zurich Cantonalbank boosted its position in shares of Teradata by 12.5% in the third quarter. Zurcher Kantonalbank Zurich Cantonalbank now owns 21,222 shares of the technology company’s stock valued at $955,000 after acquiring an additional 2,352 shares during the period. Mackenzie Financial Corp lifted its position in Teradata by 102.2% in the third quarter. Mackenzie Financial Corp now owns 146,454 shares of the technology company’s stock worth $6,443,000 after purchasing an additional 74,036 shares during the period. Strs Ohio lifted its position in Teradata by 18.8% in the third quarter. Strs Ohio now owns 25,193 shares of the technology company’s stock worth $1,134,000 after purchasing an additional 3,990 shares during the period. Mirae Asset Global Investments Co. Ltd. lifted its position in Teradata by 25.2% in the third quarter. Mirae Asset Global Investments Co. Ltd. now owns 33,320 shares of the technology company’s stock worth $1,500,000 after purchasing an additional 6,710 shares during the period. Finally, Portside Wealth Group LLC lifted its position in Teradata by 2.3% in the third quarter. Portside Wealth Group LLC now owns 19,037 shares of the technology company’s stock worth $856,000 after purchasing an additional 431 shares during the period. 90.31% of the stock is owned by institutional investors.

Teradata Company Profile

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.