TD Cowen Trims Teradata (NYSE:TDC) Target Price to $40.00

Teradata (NYSE:TDC) had its price objective reduced by investment analysts at TD Cowen from $46.00 to $40.00 in a research report issued to clients and investors on Tuesday, Benzinga reports. The firm presently has a “hold” rating on the technology company’s stock. TD Cowen’s price target points to a potential upside of 22.34% from the stock’s current price.

TDC has been the topic of a number of other reports. StockNews.com lowered Teradata from a “strong-buy” rating to a “buy” rating in a research note on Friday, April 12th. Morgan Stanley cut 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 reduced their target price on shares of Teradata from $72.00 to $60.00 and set a “market outperform” rating for the company in a research report on Tuesday. Royal Bank of Canada lowered their price target on shares of Teradata from $48.00 to $44.00 and set a “sector perform” rating on the stock in a research report on Tuesday. Finally, Barclays cut their price objective on shares of Teradata from $39.00 to $35.00 and set an “underweight” rating for the company in a report on Tuesday. Two investment analysts have rated the stock with a sell rating, three have assigned a hold rating and six have assigned a buy rating to the company’s stock. According to MarketBeat.com, Teradata has an average rating of “Hold” and a consensus price target of $49.90.

Teradata Trading Down 0.1 %

Shares of Teradata stock opened at $32.70 on Tuesday. The firm has a 50-day simple moving average of $37.58 and a two-hundred day simple moving average of $42.14. The company has a market cap of $3.19 billion, a P/E ratio of 53.60, a price-to-earnings-growth 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 quick ratio of 0.86 and a current ratio of 0.87.

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 analysts’ consensus estimates of $0.55 by $0.02. The business had revenue of $465.00 million during the quarter, compared to the consensus estimate of $461.93 million. Teradata had a net margin of 3.38% and a return on equity of 58.25%. The company’s 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. As a group, equities analysts predict that Teradata will post 1.27 earnings per share for the current fiscal year.

Insider Buying and Selling

In related news, CEO Stephen Mcmillan sold 40,597 shares of the business’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 sale, the chief executive officer now directly owns 528,302 shares in the company, valued at approximately $20,191,702.44. The sale was disclosed in a legal filing with the SEC, which can be accessed through this link. In other Teradata news, CEO Stephen Mcmillan sold 40,597 shares of the company’s stock in a transaction 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 transaction, the chief executive officer now directly owns 528,302 shares in the company, valued at $20,191,702.44. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which can be accessed through the SEC website. Also, 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 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 worth $2,903,644. Company insiders own 0.86% of the company’s stock.

Institutional Inflows and Outflows

A number of large investors have recently added to or reduced their stakes in the company. Entropy Technologies LP acquired a new position in Teradata during the first quarter worth $568,000. ProShare Advisors LLC raised its stake in shares of Teradata by 8.6% in the first quarter. ProShare Advisors LLC now owns 9,613 shares of the technology company’s stock valued at $372,000 after acquiring an additional 758 shares in the last quarter. Russell Investments Group Ltd. raised its stake in shares of Teradata by 61.5% in the first quarter. Russell Investments Group Ltd. now owns 125,369 shares of the technology company’s stock valued at $4,848,000 after acquiring an additional 47,741 shares in the last quarter. Qsemble Capital Management LP acquired a new stake in shares of Teradata in the first quarter valued at $279,000. Finally, Quantbot Technologies LP raised its stake in shares of Teradata by 9,353.1% in the first quarter. Quantbot Technologies LP now owns 83,471 shares of the technology company’s stock valued at $3,228,000 after acquiring an additional 82,588 shares in 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.