Teradata (NYSE:TDC) Price Target Lowered to $40.00 at TD Cowen

Teradata (NYSE:TDC) had its price objective decreased by TD Cowen from $46.00 to $40.00 in a report released on Tuesday, Benzinga reports. The brokerage currently has a “hold” rating on the technology company’s stock. TD Cowen’s price objective would suggest a potential upside of 21.29% from the company’s current price.

A number of other research firms also recently issued reports on TDC. Bank of America downgraded shares of Teradata from a “neutral” rating to an “underperform” rating and dropped their price objective for the company from $48.00 to $39.00 in a research note on Tuesday. Citigroup increased their target price on Teradata from $57.00 to $60.00 and gave the company a “buy” rating in a research report on Monday, February 12th. JMP Securities reduced their price target on Teradata from $72.00 to $60.00 and set a “market outperform” rating for the company in a research report on Tuesday. Morgan Stanley downgraded Teradata from an “overweight” rating to an “equal weight” rating and dropped their price objective for the company from $74.00 to $48.00 in a research report on Tuesday, February 13th. Finally, StockNews.com downgraded shares of Teradata from a “strong-buy” rating to a “buy” rating in a report on Friday, April 12th. Two investment analysts have rated the stock with a sell rating, three have given a hold rating and six have assigned a buy rating to the stock. According to data from MarketBeat.com, the company presently has a consensus rating of “Hold” and a consensus price target of $49.90.

Teradata Trading Down 13.1 %

Shares of Teradata stock traded down $4.98 on Tuesday, hitting $32.98. 2,685,650 shares of the company traded hands, compared to its average volume of 1,114,914. Teradata has a 52 week low of $31.61 and a 52 week high of $57.73. The company has a market cap of $3.22 billion, a PE ratio of 54.54, a PEG ratio of 1.64 and a beta of 0.95. The stock’s 50 day moving average price is $37.75 and its 200-day moving average price is $42.29. The company has a current ratio of 0.87, a quick ratio of 0.86 and a debt-to-equity ratio of 4.02.

Teradata (NYSE:TDC) last released its quarterly earnings data on Monday, May 6th. The technology company reported $0.57 earnings per share for the quarter, beating the consensus estimate of $0.55 by $0.02. Teradata had a return on equity of 58.25% and a net margin of 3.38%. The firm had revenue of $465.00 million during the quarter, compared to the consensus estimate of $461.93 million. During the same period in the previous year, the company posted $0.40 earnings per share. The firm’s quarterly revenue was down 2.3% on a year-over-year basis. Equities research analysts predict that Teradata will post 1.27 EPS for the current year.

Insider Activity

In other Teradata news, CEO Stephen Mcmillan sold 40,597 shares of the company’s stock in a transaction on Thursday, February 22nd. The shares were sold at an average price of $38.22, for a total value of $1,551,617.34. Following the sale, the chief executive officer now directly owns 528,302 shares of the company’s stock, valued at $20,191,702.44. The transaction was disclosed in a filing with the SEC, which is available through the SEC website. In related news, CEO Stephen Mcmillan sold 40,597 shares of the stock in a transaction on Thursday, February 22nd. The shares were sold at an average price of $38.22, for a total transaction of $1,551,617.34. Following the sale, the chief executive officer now directly owns 528,302 shares of the company’s stock, valued at $20,191,702.44. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is accessible through this link. Also, insider Kathleen R. Cullen-Cote sold 26,275 shares of the stock in a transaction dated Tuesday, March 5th. The stock was sold at an average price of $37.57, for a total transaction of $987,151.75. Following the sale, the insider now directly owns 127,595 shares in the company, valued at $4,793,744.15. The disclosure for this sale can be found here. Over the last three months, insiders have sold 76,615 shares of company stock valued at $2,903,644. Company insiders own 0.86% of the company’s stock.

Institutional Inflows and Outflows

A number of hedge funds and other institutional investors have recently made changes to their positions in TDC. North Star Investment Management Corp. acquired a new position in Teradata during the fourth quarter worth $26,000. Sound Income Strategies LLC acquired a new position in shares of Teradata during the 1st quarter worth about $31,000. Smithfield Trust Co purchased a new position in Teradata in the 3rd quarter valued at about $34,000. Principal Securities Inc. purchased a new position in Teradata in the 4th quarter valued at about $38,000. Finally, GAMMA Investing LLC acquired a new stake in Teradata in the 4th quarter worth about $47,000. Hedge funds and other institutional investors own 90.31% of the company’s stock.

Teradata Company Profile

Teradata Corporation, together with its subsidiaries, provides a connected multi-cloud data platform for enterprise analytics. The company offers Teradata Vantage, an open and connected platform designed to leverage data across an enterprise. Its business consulting services include support services for organizations to establish a data and analytic vision, enable a multi-cloud ecosystem architecture, and identify and operationalize analytical opportunities, as well as to ensure the analytical infrastructure delivers value.