Teradata Corp. (TDC) Shares Up 1.2%
Shares of Teradata Corp. (NYSE:TDC) shot up 1.2% during trading on Friday . The company traded as high as $32.41 and last traded at $32.14, with a volume of 1,284,763 shares trading hands. The stock had previously closed at $31.75.
A number of brokerages have commented on TDC. Credit Agricole SA reiterated an “underperform” rating on shares of Teradata Corp. in a research note on Monday, August 15th. Mizuho reissued a “neutral” rating and issued a $28.00 price objective on shares of Teradata Corp. in a research report on Tuesday. Zacks Investment Research raised shares of Teradata Corp. from a “sell” rating to a “hold” rating in a research report on Monday, August 8th. Morgan Stanley reissued a “sell” rating and issued a $26.00 price objective on shares of Teradata Corp. in a research report on Wednesday, August 3rd. Finally, TheStreet raised shares of Teradata Corp. from a “sell” rating to a “hold” rating in a research report on Tuesday, August 2nd. Five investment 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. The stock currently has a consensus rating of “Hold” and an average price target of $26.72.
The firm’s 50 day moving average price is $29.67 and its 200-day moving average price is $27.05. The company has a market cap of $4.21 billion and a P/E ratio of 91.21.
Teradata Corp. (NYSE:TDC) last issued its quarterly earnings results on Tuesday, August 2nd. The company reported $0.71 earnings per share for the quarter, topping the Zacks’ consensus estimate of $0.60 by $0.11. During the same period last year, the firm posted $0.53 earnings per share. The company earned $599 million during the quarter, compared to analysts’ expectations of $560.67 million. Teradata Corp.’s quarterly revenue was down 3.9% compared to the same quarter last year. Analysts anticipate that Teradata Corp. will post $2.44 earnings per share for the current year.
In related news, Director Nancy E. Cooper sold 1,840 shares of the business’s stock in a transaction dated 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 directly owns 35,157 shares in the company, valued at approximately $1,091,976.42. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is available at this hyperlink.
A hedge fund recently raised its stake in Teradata Corp. stock. KBC Group NV boosted its position in shares of Teradata Corp. (NYSE:TDC) by 39.8% during the fourth quarter, according to its most recent 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 about 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.