Teradata (NYSE:TDC) Price Target Cut to $37.00 by Analysts at Northland Securities

Teradata (NYSE:TDC) had its price target decreased by Northland Securities from $38.00 to $37.00 in a research note published on Tuesday, Benzinga reports. Northland Securities currently has an outperform rating on the technology company’s stock.

Other equities research 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 report on Tuesday, August 6th. Evercore ISI upped their price objective on Teradata from $34.00 to $37.00 and gave the company an “outperform” rating in a research note on Tuesday, October 15th. StockNews.com upgraded Teradata from a “buy” rating to a “strong-buy” rating in a research note on Tuesday, August 6th. Morgan Stanley dropped their price target on Teradata from $44.00 to $30.00 and set an “equal weight” rating on the stock in a research note on Tuesday, August 6th. Finally, TD Cowen reduced their price objective on shares of Teradata from $37.00 to $29.00 and set a “hold” rating for the company in a research report on Tuesday, August 6th. Three analysts have rated the stock with a sell rating, four have given a hold rating, four have assigned a buy rating and one has issued a strong buy rating to the company. According to MarketBeat, the stock has a consensus rating of “Hold” and a consensus target price of $39.91.

Teradata Stock Performance

Shares of NYSE TDC opened at $28.47 on Tuesday. The company has a debt-to-equity ratio of 6.87, a quick ratio of 0.72 and a current ratio of 0.75. The stock has a 50 day moving average price of $30.06 and a 200 day moving average price of $31.69. The stock has a market capitalization of $2.74 billion, a PE ratio of 33.89, a price-to-earnings-growth ratio of 3.10 and a beta of 0.80. Teradata has a 52 week low of $24.02 and a 52 week high of $49.44.

Teradata (NYSE:TDC) last released its quarterly earnings data on Monday, November 4th. The technology company reported $0.69 EPS for the quarter, beating the consensus estimate of $0.56 by $0.13. Teradata had a return on equity of 160.68% and a net margin of 4.56%. The company had revenue of $440.00 million during the quarter, compared to the consensus estimate of $417.71 million. During the same quarter in the prior year, the firm posted $0.14 EPS. The firm’s revenue for the quarter was up .5% compared to the same quarter last year. Analysts predict that Teradata will post 1.3 earnings per share for the current fiscal year.

Insider Buying and Selling at Teradata

In other news, insider Hillary Ashton sold 14,962 shares of Teradata stock in a transaction that occurred on Tuesday, September 10th. The shares were sold at an average price of $27.53, for a total value of $411,903.86. Following the completion of the sale, the insider now directly owns 121,382 shares in the company, valued at approximately $3,341,646.46. The trade was a 0.00 % decrease in their ownership of the stock. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is accessible through this link. In other Teradata news, insider Hillary Ashton sold 14,962 shares of the firm’s stock in a transaction on Tuesday, September 10th. The stock was sold at an average price of $27.53, for a total transaction of $411,903.86. Following the transaction, the insider now owns 121,382 shares in the company, valued at $3,341,646.46. This trade represents a 0.00 % decrease in their position. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is available at the SEC website. Also, insider Margaret A. Treese sold 5,500 shares of the company’s stock in a transaction on Thursday, August 29th. The shares were sold at an average price of $28.50, for a total value of $156,750.00. Following the sale, the insider now owns 96,783 shares of the company’s stock, valued at approximately $2,758,315.50. The trade was a 0.00 % decrease in their ownership of the stock. The disclosure for this sale can be found here. Insiders own 0.86% of the company’s stock.

Hedge Funds Weigh In On Teradata

Hedge funds and other institutional investors have recently made changes to their positions in the company. M&G Plc boosted its position in shares of Teradata by 2,920.3% during the 2nd quarter. M&G Plc now owns 1,183,683 shares of the technology company’s stock worth $41,429,000 after acquiring an additional 1,144,492 shares in the last quarter. AQR Capital Management LLC increased its stake in shares of Teradata by 60.9% in the 2nd quarter. AQR Capital Management LLC now owns 2,136,209 shares of the technology company’s stock valued at $73,827,000 after purchasing an additional 808,691 shares during the last quarter. Ariel Investments LLC acquired a new position in shares of Teradata during the 1st quarter worth $30,998,000. Lynrock Lake LP lifted its position in shares of Teradata by 9.9% during the 2nd quarter. Lynrock Lake LP now owns 6,666,666 shares of the technology company’s stock worth $230,400,000 after buying an additional 600,000 shares during the last quarter. Finally, Assenagon Asset Management S.A. boosted its stake in Teradata by 828.5% in the third quarter. Assenagon Asset Management S.A. now owns 444,450 shares of the technology company’s stock valued at $13,485,000 after buying an additional 396,584 shares in the last quarter. 90.31% of the stock is currently owned by institutional investors and hedge funds.

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.