Teradata (NYSE:TDC) Price Target Cut to $60.00

Teradata (NYSE:TDC) had its price objective dropped by JMP Securities from $72.00 to $60.00 in a research report issued on Tuesday, Benzinga reports. The brokerage presently has a “market outperform” rating on the technology company’s stock. JMP Securities’ price objective would indicate a potential upside of 83.51% from the company’s current price.

Several other equities analysts have also issued reports on the company. 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. 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. StockNews.com lowered Teradata from a “strong-buy” rating to a “buy” rating in a report on Friday, April 12th. Morgan Stanley lowered 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. Finally, Citigroup raised their price objective on Teradata from $57.00 to $60.00 and gave the stock a “buy” rating in a report on Monday, February 12th. Two equities research analysts have rated the stock with a sell rating, three have issued a hold rating and six have issued a buy rating to the company’s stock. According to MarketBeat.com, the company has a consensus rating of “Hold” and an average target price of $49.90.

Teradata Stock Performance

NYSE:TDC opened at $32.70 on Tuesday. The firm has a market capitalization 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 business’s fifty day moving average price is $37.58 and its 200 day moving average price is $42.14. 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 12 month low of $31.61 and a 12 month high of $57.73.

Teradata (NYSE:TDC) last posted its earnings results on Monday, May 6th. The technology company reported $0.57 EPS for the quarter, beating the consensus estimate of $0.55 by $0.02. The firm had revenue of $465.00 million for the quarter, compared to analyst estimates of $461.93 million. Teradata had a return on equity of 58.25% and a net margin of 3.38%. Teradata’s revenue for the quarter was down 2.3% compared to the same quarter last year. During the same quarter in the prior year, the company posted $0.40 earnings per share. On average, sell-side analysts anticipate that Teradata will post 1.27 earnings per share for the current fiscal year.

Insider Buying and Selling at Teradata

In other news, insider Hillary Ashton sold 9,743 shares of the stock in a transaction that occurred on Friday, March 1st. The stock was 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 of the company’s stock, valued at approximately $5,868,564.80. The sale was disclosed in a document filed with the SEC, which is accessible through this link. 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 transaction of $364,875.35. Following the transaction, the insider now owns 156,704 shares of the company’s stock, valued at $5,868,564.80. The sale was disclosed in a filing with the Securities & Exchange Commission, which is available at this hyperlink. Also, insider Kathleen R. Cullen-Cote sold 26,275 shares of the company’s stock in a transaction 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 transaction, the insider now directly owns 127,595 shares in the company, valued at approximately $4,793,744.15. The disclosure for this sale can be found here. In the last 90 days, insiders have sold 76,615 shares of company stock valued at $2,903,644. 0.86% of the stock is owned by corporate insiders.

Institutional Inflows and Outflows

Institutional investors and hedge funds have recently bought and sold shares of the business. Nisa Investment Advisors LLC grew its holdings in Teradata by 24.1% during the fourth quarter. Nisa Investment Advisors LLC now owns 139,096 shares of the technology company’s stock worth $6,052,000 after acquiring an additional 27,004 shares during the period. Charles Schwab Investment Management Inc. grew its holdings in Teradata by 5.1% in the third quarter. Charles Schwab Investment Management Inc. now owns 993,252 shares of the technology company’s stock valued at $44,716,000 after purchasing an additional 47,927 shares during the last quarter. Quantbot Technologies LP grew its holdings in Teradata by 101.8% in the third quarter. Quantbot Technologies LP now owns 28,768 shares of the technology company’s stock valued at $1,295,000 after purchasing an additional 14,509 shares during the last quarter. Polar Capital Holdings Plc grew its holdings in Teradata by 3.9% in the third quarter. Polar Capital Holdings Plc now owns 935,108 shares of the technology company’s stock valued at $42,099,000 after purchasing an additional 34,809 shares during the last quarter. Finally, Sycomore Asset Management acquired a new stake in Teradata in the fourth quarter valued at $2,071,000. Institutional investors and hedge funds own 90.31% of the company’s stock.

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.