Evercore ISI Lowers Teradata (NYSE:TDC) Price Target to $46.00

Teradata (NYSE:TDC) had its target price reduced by investment analysts at Evercore ISI from $58.00 to $46.00 in a research note issued to investors on Tuesday, Benzinga reports. The firm presently has an “outperform” rating on the technology company’s stock. Evercore ISI’s price target would indicate a potential upside of 40.69% from the company’s current price.

TDC has been the topic of several other reports. Citigroup upped their target price on Teradata from $57.00 to $60.00 and gave the company a “buy” rating in a report on Monday, February 12th. Barclays decreased 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. Bank of America lowered shares of Teradata from a “neutral” rating to an “underperform” rating and dropped their target price for the company from $48.00 to $39.00 in a report on Tuesday. Morgan Stanley lowered Teradata from an “overweight” rating to an “equal weight” rating and lowered their price objective for the stock from $74.00 to $48.00 in a research report on Tuesday, February 13th. Finally, StockNews.com downgraded Teradata from a “strong-buy” rating to a “buy” rating in a research note on Friday, April 12th. Two 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 an average rating of “Hold” and a consensus price target of $49.90.

Teradata Trading Down 0.1 %

TDC opened at $32.70 on Tuesday. The company has a debt-to-equity ratio of 4.02, a current ratio of 0.87 and a quick ratio of 0.86. Teradata has a fifty-two week low of $31.61 and a fifty-two week high of $57.73. The company’s 50 day moving average price is $37.58 and its two-hundred day moving average price is $42.14. The firm has a market capitalization of $3.19 billion, a price-to-earnings ratio of 53.60, a PEG 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, topping the consensus estimate of $0.55 by $0.02. Teradata had a net margin of 3.38% and a return on equity of 58.25%. The company had revenue of $465.00 million for the quarter, compared to analysts’ expectations of $461.93 million. During the same quarter in the previous year, the firm posted $0.40 earnings per share. Teradata’s revenue for the quarter was down 2.3% on a year-over-year basis. As a group, research analysts predict that Teradata will post 1.27 earnings per share for the current year.

Insider Buying and Selling at Teradata

In other Teradata news, CEO Stephen Mcmillan sold 40,597 shares of Teradata stock in a transaction 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 transaction was disclosed in a legal filing with the SEC, which is available at the SEC website. In other news, insider Hillary Ashton sold 9,743 shares of Teradata stock in a transaction dated Friday, March 1st. The shares were sold at an average price of $37.45, for a total transaction 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 can be accessed through this link. Also, CEO Stephen Mcmillan sold 40,597 shares of Teradata stock in a transaction dated Thursday, February 22nd. The shares were sold at an average price of $38.22, for a total transaction 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 ninety days, insiders sold 76,615 shares of company stock valued at $2,903,644. Corporate insiders own 0.86% of the company’s stock.

Institutional Inflows and Outflows

A number of hedge funds have recently made changes to their positions in the business. Vanguard Group Inc. grew its holdings in shares of Teradata by 4.4% during the third quarter. Vanguard Group Inc. now owns 11,671,512 shares of the technology company’s stock valued at $525,451,000 after buying an additional 496,702 shares during the last quarter. American Century Companies Inc. grew its holdings in shares of Teradata by 21.2% during the third quarter. American Century Companies Inc. now owns 2,585,939 shares of the technology company’s stock valued at $116,419,000 after buying an additional 451,816 shares during the last quarter. Dimensional Fund Advisors LP boosted its holdings in Teradata by 7.9% during the fourth quarter. Dimensional Fund Advisors LP now owns 1,584,625 shares of the technology company’s stock worth $68,948,000 after purchasing an additional 116,489 shares during the last quarter. AQR Capital Management LLC boosted its holdings in Teradata by 7.0% during the third quarter. AQR Capital Management LLC now owns 1,362,284 shares of the technology company’s stock worth $61,330,000 after purchasing an additional 89,280 shares during the last quarter. Finally, Boston Trust Walden Corp boosted its holdings in Teradata by 3.1% during the fourth quarter. Boston Trust Walden Corp now owns 1,267,342 shares of the technology company’s stock worth $55,142,000 after purchasing an additional 38,043 shares during the last quarter. 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.