Teradata (NYSE:TDC) Given New $44.00 Price Target at Royal Bank of Canada

Teradata (NYSE:TDC) had its price target dropped by investment analysts at Royal Bank of Canada from $48.00 to $44.00 in a research note issued on Tuesday, Benzinga reports. The brokerage currently has a “sector perform” rating on the technology company’s stock. Royal Bank of Canada’s price target suggests a potential upside of 34.58% from the stock’s previous close.

A number of other brokerages also recently issued reports on TDC. Barclays lowered their price target on shares of Teradata from $39.00 to $35.00 and set an “underweight” rating on the stock in a report on Tuesday. StockNews.com cut shares of Teradata from a “strong-buy” rating to a “buy” rating in a research note on Friday, April 12th. Morgan Stanley lowered shares of Teradata from an “overweight” rating to an “equal weight” rating and reduced their price target for the company from $74.00 to $48.00 in a research report on Tuesday, February 13th. Bank of America downgraded Teradata from a “neutral” rating to an “underperform” rating and lowered their price objective for the stock from $48.00 to $39.00 in a research report on Tuesday. Finally, Citigroup boosted their target price on Teradata from $57.00 to $60.00 and gave the stock a “buy” rating in a research report on Monday, February 12th. Two research 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. Based on data from MarketBeat, the stock has an average rating of “Hold” and an average target price of $49.90.

Teradata Stock Down 0.1 %

TDC opened at $32.70 on Tuesday. Teradata has a 12 month low of $31.61 and a 12 month high of $57.73. The company has a market cap of $3.19 billion, a PE ratio of 53.60, a price-to-earnings-growth ratio of 1.64 and a beta of 0.95. The company has a current ratio of 0.87, a quick ratio of 0.86 and a debt-to-equity ratio of 4.02. The company has a 50 day moving average of $37.58 and a 200 day moving average of $42.14.

Teradata (NYSE:TDC) last posted its quarterly earnings results on Monday, May 6th. The technology company reported $0.57 EPS for the quarter, topping 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 firm had revenue of $465.00 million during the quarter, compared to analyst estimates of $461.93 million. During the same period last year, the company earned $0.40 earnings per share. The business’s revenue for the quarter was down 2.3% on a year-over-year basis. On average, sell-side analysts expect that Teradata will post 1.27 EPS for the current year.

Insider Activity at Teradata

In related news, 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 transaction was disclosed in a legal filing with the SEC, which can be accessed through this hyperlink. In other news, insider Kathleen R. Cullen-Cote sold 26,275 shares of the stock in a transaction dated Tuesday, March 5th. The shares were sold at an average price of $37.57, for a total transaction of $987,151.75. Following the completion of the sale, the insider now directly owns 127,595 shares in the company, valued at $4,793,744.15. The transaction was disclosed in a document filed with the SEC, which is accessible through the SEC website. Also, CEO Stephen Mcmillan sold 40,597 shares of the stock in a transaction dated 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 sale, 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. Insiders have sold a total of 76,615 shares of company stock valued at $2,903,644 over the last 90 days. 0.86% of the stock is owned by insiders.

Institutional Trading of Teradata

A number of institutional investors have recently modified their holdings of TDC. North Star Investment Management Corp. purchased a new stake in Teradata in the fourth quarter worth about $26,000. Smithfield Trust Co purchased a new stake in Teradata in the third quarter worth about $34,000. Sound Income Strategies LLC purchased a new stake in Teradata in the first quarter worth about $31,000. Principal Securities Inc. purchased a new stake in Teradata in the fourth quarter worth about $38,000. Finally, GAMMA Investing LLC bought a new position in shares of Teradata during the fourth quarter valued at approximately $47,000. 90.31% of the stock is currently owned by hedge funds and other 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.