Teradata Corp. (TDC) Reaches New 12-Month High at $32.13
Teradata Corp. (NYSE:TDC) shares hit a new 52-week high during mid-day trading on Tuesday . The company traded as high as $32.13 and last traded at $32.05, with a volume of 795,751 shares traded. The stock had previously closed at $31.68.
A number of brokerages have recently issued reports on TDC. Summit Research upgraded shares of Teradata Corp. from a “sell” rating to a “hold” rating and boosted their price target for the stock from $23.00 to $25.00 in a research report on Thursday, May 5th. Credit Agricole SA restated an “underperform” rating on shares of Teradata Corp. in a research report on Monday, August 15th. Summit Redstone restated a “hold” rating on shares of Teradata Corp. in a research report on Tuesday, July 12th. SunTrust Banks Inc. restated a “neutral” rating and issued a $26.00 price target on shares of Teradata Corp. in a research report on Thursday, May 5th. Finally, Barclays PLC downgraded shares of Teradata Corp. from an “equal weight” rating to an “underweight” rating and dropped their price target for the stock from $28.00 to $23.00 in a research report on Wednesday, June 1st. Five research analysts have rated the stock with a sell rating, thirteen have assigned a hold rating and one has given a buy rating to the company’s stock. The company currently has an average rating of “Hold” and an average price target of $26.72.
The company has a market capitalization of $4.12 billion and a P/E ratio of 89.15. The firm’s 50-day moving average is $29.29 and its 200-day moving average is $26.95.
Teradata Corp. (NYSE:TDC) last posted its quarterly earnings results on Tuesday, August 2nd. The company reported $0.71 earnings per share (EPS) for the quarter, topping analysts’ consensus estimates of $0.60 by $0.11. The firm had revenue of $599 million for the quarter, compared to the consensus estimate of $560.67 million. Teradata Corp.’s quarterly revenue was down 3.9% compared to the same quarter last year. During the same period in the previous year, the company posted $0.53 EPS. Equities research analysts forecast that Teradata Corp. will post $2.44 EPS for the current year.
In related news, COO Robert Fair sold 32,500 shares of the company’s stock in a transaction on Friday, May 27th. The stock was sold at an average price of $27.88, for a total transaction of $906,100.00. Following the completion of the sale, the chief operating officer now directly owns 118,345 shares in the company, valued at approximately $3,299,458.60. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is available at the SEC website. Also, Director Nancy E. Cooper sold 1,840 shares of the company’s stock in a transaction on Thursday, August 4th. The stock was sold at an average price of $31.06, for a total value of $57,150.40. Following the sale, the director now owns 35,157 shares of the company’s stock, valued at $1,091,976.42. The disclosure for this sale can be found here.
An institutional investor recently raised its position in Teradata Corp. stock. KBC Group NV increased its position in Teradata Corp. (NYSE:TDC) by 39.8% during the fourth quarter, according to its most recent Form 13F filing with the SEC. The institutional investor owned 95,816 shares of the company’s stock after buying an additional 27,265 shares during the period. KBC Group NV owned approximately 0.07% of Teradata Corp. worth $2,531,000 as of its most recent filing with the SEC.
Teradata Corporation (Teradata) is a provider of analytic data platforms, marketing and analytic applications, and related services. The Company’s analytic data platforms consist of software, hardware and related business consulting and support services for data warehousing, and big data analytics. It operates in two segments: data and analytics, and marketing applications.
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