Barclays Lowers Teradata (NYSE:TDC) Price Target to $35.00

Teradata (NYSE:TDC) had its price objective decreased by equities researchers at Barclays from $39.00 to $35.00 in a research note issued to investors on Tuesday, Benzinga reports. The firm currently has an “underweight” rating on the technology company’s stock. Barclays‘s price objective indicates a potential upside of 7.05% from the company’s previous close.

A number of other brokerages have also recently weighed in on TDC. Citigroup lifted their price objective on shares of Teradata from $57.00 to $60.00 and gave the company a “buy” rating in a research note on Monday, February 12th. JMP Securities lowered their target price on Teradata from $72.00 to $60.00 and set a “market outperform” rating on the stock in a report on Tuesday. Royal Bank of Canada lowered their target price on Teradata from $59.00 to $48.00 and set a “sector perform” rating on the stock in a report on Tuesday, February 13th. 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 report on Tuesday. Finally, Morgan Stanley lowered 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 report on Tuesday, February 13th. Two research analysts have rated the stock with a sell rating, three have given a hold rating and six have assigned a buy rating to the company. According to data from MarketBeat, the company currently has a consensus rating of “Hold” and an average price target of $49.90.

Teradata Price Performance

Shares of NYSE TDC opened at $32.70 on Tuesday. Teradata has a fifty-two week low of $31.61 and a fifty-two week high of $57.73. The firm’s 50-day simple moving average is $37.58 and its 200 day simple moving average is $42.14. 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 stock has a market cap of $3.19 billion, a P/E ratio of 53.60, a P/E/G ratio of 1.64 and a beta of 0.95.

Teradata (NYSE:TDC) last issued 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. Teradata had a net margin of 3.38% and a return on equity of 58.25%. The business had revenue of $465.00 million for the quarter, compared to analysts’ expectations of $461.93 million. During the same period in the previous year, the business earned $0.40 earnings per share. The company’s revenue was down 2.3% on a year-over-year basis. Equities analysts expect that Teradata will post 1.27 EPS for the current year.

Insider Activity

In other news, CEO Stephen Mcmillan sold 40,597 shares of the stock in a transaction that occurred 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 transaction was disclosed in a document filed with the Securities & Exchange Commission, which can be accessed through this hyperlink. In related news, insider Hillary Ashton sold 9,743 shares of the company’s stock in a transaction on Friday, March 1st. The stock was sold at an average price of $37.45, for a total value of $364,875.35. Following the completion of the transaction, the insider now directly owns 156,704 shares in the company, valued at $5,868,564.80. The sale was disclosed in a filing with the Securities & Exchange Commission, which is accessible through the SEC website. Also, CEO Stephen Mcmillan sold 40,597 shares of the 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 transaction, the chief executive officer now owns 528,302 shares of the company’s stock, valued at $20,191,702.44. 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. 0.86% of the stock is owned by company insiders.

Institutional Inflows and Outflows

Several hedge funds have recently bought and sold shares of TDC. Zurcher Kantonalbank Zurich Cantonalbank grew its holdings in shares of Teradata by 12.5% during the third quarter. Zurcher Kantonalbank Zurich Cantonalbank now owns 21,222 shares of the technology company’s stock worth $955,000 after purchasing an additional 2,352 shares during the last quarter. Mackenzie Financial Corp grew its holdings in shares of Teradata by 102.2% during 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 last quarter. Strs Ohio grew its holdings in shares of Teradata by 18.8% during 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 last quarter. Mirae Asset Global Investments Co. Ltd. grew its holdings in shares of Teradata by 25.2% during 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 last quarter. Finally, Portside Wealth Group LLC grew its holdings in shares of Teradata by 2.3% during 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 last quarter. 90.31% of the stock is currently owned by institutional investors and hedge funds.

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.