Teradata Corp. (TDC) Sets New 12-Month High at $32.57
Teradata Corp. (NYSE:TDC)’s share price reached a new 52-week high on Monday . The stock traded as high as $32.57 and last traded at $32.57, with a volume of 684,394 shares. The stock had previously closed at $32.29.
Several research firms recently weighed in on TDC. Credit Agricole SA reissued an “underperform” rating on shares of Teradata Corp. in a research report on Monday, August 15th. Mizuho reissued a “neutral” rating and set a $28.00 price objective on shares of Teradata Corp. in a research report on Tuesday, August 23rd. Zacks Investment Research upgraded Teradata Corp. from a “sell” rating to a “hold” rating in a research note on Monday, August 8th. Morgan Stanley restated a “sell” rating and set a $26.00 price target on shares of Teradata Corp. in a research note on Wednesday, August 3rd. Finally, TheStreet upgraded Teradata Corp. from a “sell” rating to a “hold” rating in a research note on Tuesday, August 2nd. Five equities research analysts have rated the stock with a sell rating, twelve have issued 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 $26.50.
The company has a 50-day moving average of $30.04 and a 200 day moving average of $27.25. The firm has a market cap of $4.25 billion and a price-to-earnings ratio of 92.06.
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 Thomson Reuters’ consensus estimate of $0.60 by $0.11. The firm earned $599 million during the quarter, compared to analyst estimates of $560.67 million. During the same quarter last year, the business posted $0.53 earnings per share. The company’s revenue for the quarter was down 3.9% on a year-over-year basis. On average, analysts anticipate that Teradata Corp. will post $2.44 earnings per share for the current fiscal year.
In other Teradata Corp. news, Director Nancy E. Cooper sold 1,840 shares of the firm’s stock in a transaction that occurred on Thursday, August 4th. The shares were sold at an average price of $31.06, for a total transaction of $57,150.40. Following the completion of the sale, the director now directly owns 35,157 shares in the company, valued at $1,091,976.42. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is available at this hyperlink.
An institutional investor recently raised its position in Teradata Corp. stock. Hartford Investment Management Co. increased its stake in Teradata Corp. (NYSE:TDC) by 8.1% during the fourth quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission. The fund owned 53,015 shares of the company’s stock after buying an additional 3,985 shares during the period. Hartford Investment Management Co.’s holdings in Teradata Corp. were worth $1,401,000 at the end of the most recent reporting period.
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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