Teradata Corp. (TDC) Trading 1.2% Higher
Teradata Corp. (NYSE:TDC)’s share price traded up 1.2% on Friday . The stock 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.
Several equities analysts have weighed in on the company. SunTrust Banks Inc. restated a “neutral” rating and set a $26.00 target price on shares of Teradata Corp. in a report on Thursday, May 5th. Barclays PLC lowered Teradata Corp. from an “equal weight” rating to an “underweight” rating and dropped their price objective for the stock from $28.00 to $23.00 in a research note on Wednesday, June 1st. Oppenheimer Holdings Inc. reiterated a “hold” rating on shares of Teradata Corp. in a research note on Friday, May 6th. TheStreet upgraded Teradata Corp. from a “sell” rating to a “hold” rating in a research note on Tuesday, August 2nd. Finally, Mizuho lifted their price objective on Teradata Corp. from $24.00 to $28.00 and gave the stock a “neutral” rating in a research note on Wednesday, August 3rd. Five equities research analysts have rated the stock with a sell rating, thirteen have assigned a hold rating and one has issued a buy rating to the company. The company has a consensus rating of “Hold” and an average price target of $26.72.
The stock’s 50-day moving average price is $29.67 and its 200-day moving average price is $27.05. The stock has a market capitalization of $4.21 billion and a P/E ratio of 91.21.
Teradata Corp. (NYSE:TDC) last issued its earnings results on Tuesday, August 2nd. The company reported $0.71 earnings per share (EPS) for the quarter, beating the Zacks’ consensus estimate of $0.60 by $0.11. The firm earned $599 million during the quarter, compared to the consensus estimate of $560.67 million. During the same period in the previous year, the company posted $0.53 earnings per share. The firm’s revenue for the quarter was down 3.9% compared to the same quarter last year. On average, equities analysts forecast that Teradata Corp. will post $2.44 EPS for the current fiscal year.
In other news, Director Nancy E. Cooper sold 1,840 shares of the company’s stock in a transaction dated Thursday, August 4th. The shares were 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 of the company’s stock, valued at approximately $1,091,976.42. The sale was disclosed in a legal filing with the SEC, which can be accessed through the SEC website.
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 firm 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.