Needham & Company LLC started coverage on shares of Teradata Corporation (NYSE:TDC) in a report released on Monday, MarketBeat reports. The brokerage issued a hold rating on the technology company’s stock.

Other equities research analysts have also issued research reports about the company. BidaskClub raised Teradata Corporation from a hold rating to a buy rating in a report on Friday, August 4th. BMO Capital Markets reaffirmed a hold rating and set a $30.00 target price on shares of Teradata Corporation in a report on Sunday, July 16th. Stifel Nicolaus reaffirmed a hold rating and set a $32.00 target price on shares of Teradata Corporation in a report on Monday, July 10th. UBS AG reaffirmed a sell rating and set a $22.00 target price (down previously from $24.00) on shares of Teradata Corporation in a report on Friday, June 16th. Finally, Sanford C. Bernstein assumed coverage on Teradata Corporation in a report on Wednesday, May 24th. They set an underperform rating and a $25.00 target price for the company. Five investment analysts have rated the stock with a sell rating, ten have issued 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 $28.75.

Shares of Teradata Corporation (NYSE TDC) opened at 31.61 on Monday. The company’s 50-day moving average is $31.18 and its 200 day moving average is $30.05. Teradata Corporation has a 52-week low of $26.27 and a 52-week high of $33.32. The company has a market cap of $3.98 billion, a PE ratio of 41.21 and a beta of 1.25.

Teradata Corporation (NYSE:TDC) last announced its quarterly earnings data on Thursday, July 27th. The technology company reported $0.22 earnings per share for the quarter, hitting the consensus estimate of $0.22. Teradata Corporation had a return on equity of 21.12% and a net margin of 4.63%. The company had revenue of $513.00 million during the quarter, compared to analyst estimates of $519.79 million. During the same quarter last year, the firm posted $0.71 EPS. The firm’s revenue for the quarter was down 14.4% on a year-over-year basis. On average, analysts anticipate that Teradata Corporation will post $1.25 EPS for the current year.

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In other Teradata Corporation news, insider Victor L. Lund purchased 31,270 shares of the company’s stock in a transaction dated Monday, July 31st. The stock was purchased at an average price of $31.95 per share, for a total transaction of $999,076.50. Following the transaction, the insider now owns 111,447 shares in the company, valued at approximately $3,560,731.65. The transaction was disclosed in a document filed with the SEC, which is accessible through the SEC website. Also, CFO Stephen Mark Scheppmann sold 47,065 shares of Teradata Corporation stock in a transaction dated Monday, July 31st. The shares were sold at an average price of $31.83, for a total value of $1,498,078.95. Following the sale, the chief financial officer now owns 143,689 shares of the company’s stock, valued at approximately $4,573,620.87. The disclosure for this sale can be found here. Company insiders own 1.73% of the company’s stock.

Several institutional investors and hedge funds have recently modified their holdings of the company. PNC Financial Services Group Inc. boosted its position in shares of Teradata Corporation by 0.4% during the 2nd quarter. PNC Financial Services Group Inc. now owns 7,236 shares of the technology company’s stock valued at $213,000 after acquiring an additional 31 shares during the last quarter. Advantus Capital Management Inc boosted its position in shares of Teradata Corporation by 0.6% during the 1st quarter. Advantus Capital Management Inc now owns 12,936 shares of the technology company’s stock valued at $403,000 after acquiring an additional 78 shares during the last quarter. Great West Life Assurance Co. Can boosted its position in shares of Teradata Corporation by 0.3% during the 1st quarter. Great West Life Assurance Co. Can now owns 34,190 shares of the technology company’s stock valued at $1,064,000 after acquiring an additional 86 shares during the last quarter. Wedge Capital Management L L P NC boosted its position in shares of Teradata Corporation by 0.5% during the 2nd quarter. Wedge Capital Management L L P NC now owns 19,366 shares of the technology company’s stock valued at $571,000 after acquiring an additional 87 shares during the last quarter. Finally, Contravisory Investment Management Inc. boosted its position in shares of Teradata Corporation by 1.0% during the 2nd quarter. Contravisory Investment Management Inc. now owns 9,556 shares of the technology company’s stock valued at $282,000 after acquiring an additional 92 shares during the last quarter. Hedge funds and other institutional investors own 99.94% of the company’s stock.

Teradata Corporation Company Profile

Teradata Corporation is a provider of analytic data platforms, analytic applications and related services. The Company’s segments include Americas region (North America and Latin America) and International region (Europe, Middle East, Africa, Asia Pacific and Japan). Its offerings include analytics solutions, ecosystem architecture consulting and hybrid cloud solutions.

Analyst Recommendations for Teradata Corporation (NYSE:TDC)

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