Teradata Corp. (TDC) Sets New 52-Week High at $32.57
Teradata Corp. (NYSE:TDC) reached a new 52-week high during trading 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 have recently commented on TDC. Summit Research upgraded Teradata Corp. from a “sell” rating to a “hold” rating and upped their price objective for the stock from $23.00 to $25.00 in a research note on Thursday, May 5th. Oppenheimer Holdings Inc. reiterated a “hold” rating on shares of Teradata Corp. in a research note on Friday, May 6th. Zacks Investment Research upgraded Teradata Corp. from a “sell” rating to a “hold” rating in a research note on Monday, August 8th. Barclays PLC lowered Teradata Corp. from an “equal weight” rating to an “underweight” rating and cut their price target for the stock from $28.00 to $23.00 in a research note on Wednesday, June 1st. Finally, Morgan Stanley reiterated a “sell” rating and issued a $26.00 price target on shares of Teradata Corp. in a research note on Wednesday, August 3rd. Five analysts have rated the stock with a sell rating, twelve have given a hold rating and one has given a buy rating to the company’s stock. The stock currently has a consensus rating of “Hold” and a consensus price target of $26.50.
The firm has a 50 day moving average price of $29.67 and a 200-day moving average price of $27.05. The stock has a market cap of $4.25 billion and a P/E ratio of 91.98.
Teradata Corp. (NYSE:TDC) last posted its earnings results on Tuesday, August 2nd. The company reported $0.71 earnings per share for the quarter, beating the 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 in the previous year, the firm earned $0.53 earnings per share. The business’s revenue for the quarter was down 3.9% compared to the same quarter last year. On average, equities research analysts predict 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 business’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 transaction, the director now directly owns 35,157 shares in the company, valued at approximately $1,091,976.42. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is accessible through the SEC website.
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 filing with the Securities and Exchange Commission (SEC). The institutional investor 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 quarter.
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.