Teradata (NYSE:TDC) Price Target Lowered to $38.00 at Northland Securities

Teradata (NYSE:TDC) had its price objective lowered by Northland Securities from $49.00 to $38.00 in a research report report published on Tuesday morning, Benzinga reports. The brokerage currently has an outperform rating on the technology company’s stock.

A number of other equities analysts have also recently commented on TDC. Royal Bank of Canada reduced their target price on Teradata from $40.00 to $32.00 and set a sector perform rating for the company in a report on Tuesday. Barclays cut their price target on Teradata from $35.00 to $30.00 and set an underweight rating for the company in a report on Tuesday. Evercore ISI cut their price target on Teradata from $46.00 to $34.00 and set an outperform rating for the company in a report on Tuesday. StockNews.com cut Teradata from a strong-buy rating to a buy rating in a report on Friday, April 12th. Finally, JMP Securities cut Teradata from an outperform rating to a market perform rating in a report on Tuesday. Three research analysts have rated the stock with a sell rating, four have given a hold rating, four have given a buy rating and one has assigned a strong buy rating to the company’s stock. Based on data from MarketBeat, Teradata currently has a consensus rating of Hold and an average price target of $40.36.

Teradata Price Performance

Shares of Teradata stock opened at $25.12 on Tuesday. The business has a 50 day simple moving average of $32.61 and a two-hundred day simple moving average of $36.50. Teradata has a 12 month low of $24.02 and a 12 month high of $49.44. The stock has a market capitalization of $2.43 billion, a P/E ratio of 59.81, a PEG ratio of 1.71 and a beta of 0.84. The company has a debt-to-equity ratio of 6.87, a current ratio of 0.75 and a quick ratio of 0.77.

Teradata (NYSE:TDC) last announced its earnings results on Monday, August 5th. The technology company reported $0.64 EPS for the quarter, beating analysts’ consensus estimates of $0.48 by $0.16. Teradata had a return on equity of 114.57% and a net margin of 3.45%. The business had revenue of $436.00 million during the quarter, compared to analysts’ expectations of $447.30 million. During the same quarter in the prior year, the firm earned $0.20 earnings per share. The business’s revenue was down 5.6% compared to the same quarter last year. As a group, analysts predict that Teradata will post 1.15 EPS for the current fiscal year.

Insiders Place Their Bets

In other Teradata news, CEO Stephen Mcmillan sold 10,000 shares of the firm’s stock in a transaction on Friday, May 24th. The stock was sold at an average price of $31.95, for a total transaction of $319,500.00. Following the completion of the sale, the chief executive officer now owns 393,579 shares of the company’s stock, valued at $12,574,849.05. The transaction was disclosed in a legal filing with the SEC, which is available through this hyperlink. 0.92% of the stock is owned by insiders.

Institutional Investors Weigh In On Teradata

Hedge funds and other institutional investors have recently added to or reduced their stakes in the business. Crewe Advisors LLC purchased a new position in shares of Teradata during the second quarter worth $26,000. Sound Income Strategies LLC purchased a new position in shares of Teradata during the first quarter worth $31,000. Hexagon Capital Partners LLC boosted its position in shares of Teradata by 111.4% during the second quarter. Hexagon Capital Partners LLC now owns 962 shares of the technology company’s stock worth $33,000 after buying an additional 507 shares during the period. Principal Securities Inc. purchased a new position in shares of Teradata during the fourth quarter worth $38,000. Finally, GAMMA Investing LLC purchased a new position in shares of Teradata during the fourth quarter worth $47,000. Institutional investors and hedge funds 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.