Barclays Trims Teradata (NYSE:TDC) Target Price to $30.00

Teradata (NYSE:TDC) had its price objective reduced by Barclays from $35.00 to $30.00 in a report released on Tuesday morning, Benzinga reports. They currently have an underweight rating on the technology company’s stock.

Other equities analysts have also recently issued reports about the stock. JMP Securities cut shares of Teradata from an outperform rating to a market perform rating in a research report on Tuesday. TD Cowen lowered their price objective on shares of Teradata from $46.00 to $40.00 and set a hold rating for the company in a research report on Tuesday, May 7th. Evercore ISI lowered their price objective on shares of Teradata from $58.00 to $46.00 and set an outperform rating for the company in a research report on Tuesday, May 7th. Bank of America lowered shares of Teradata from a neutral rating to an underperform rating and reduced their target price for the stock from $48.00 to $39.00 in a report on Tuesday, May 7th. Finally, Guggenheim reaffirmed a buy rating and issued a $60.00 price objective on shares of Teradata in a research note on Tuesday, June 25th. Three investment analysts have rated the stock with a sell rating, four have assigned a hold rating, four have assigned a buy rating and one has issued a strong buy rating to the company. According to data from MarketBeat, the company has an average rating of Hold and a consensus price target of $40.36.

Teradata Price Performance

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

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

Insider Buying and Selling

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

Institutional Inflows and Outflows

Institutional investors and hedge funds have recently bought and sold shares of the stock. Crewe Advisors LLC acquired a new position in Teradata during the second quarter worth $26,000. Sound Income Strategies LLC acquired a new position in Teradata during the first quarter worth $31,000. Hexagon Capital Partners LLC raised its holdings in 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 last quarter. Principal Securities Inc. acquired a new position in Teradata during the fourth quarter worth $38,000. Finally, GAMMA Investing LLC acquired a new position in Teradata during the fourth quarter worth $47,000. 90.31% of the stock is owned by institutional investors.

About Teradata

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.