Teradata (NYSE:TDC) Price Target Cut to $29.00 by Analysts at Barclays

Teradata (NYSE:TDC) had its target price trimmed by Barclays from $30.00 to $29.00 in a research note published on Tuesday,Benzinga reports. The brokerage currently has an underweight rating on the technology company’s stock.

A number of other equities research analysts also recently commented on TDC. UBS Group initiated coverage on shares of Teradata in a research report on Friday, July 19th. They issued a “sell” rating and a $32.00 price objective for the company. TD Cowen decreased their price target on Teradata from $37.00 to $29.00 and set a “hold” rating on the stock in a research note on Tuesday, August 6th. Evercore ISI increased their price objective on Teradata from $34.00 to $37.00 and gave the stock an “outperform” rating in a research report on Tuesday, October 15th. Morgan Stanley lowered their price target on shares of 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, StockNews.com upgraded shares of Teradata from a “buy” rating to a “strong-buy” rating in a research note on Tuesday, August 6th. Three equities research analysts have rated the stock with a sell rating, four have assigned a hold rating, four have assigned a buy rating and one has given a strong buy rating to the stock. According to MarketBeat, the stock presently has an average rating of “Hold” and an average target price of $39.91.

Teradata Trading Down 0.1 %

NYSE:TDC opened at $29.30 on Tuesday. Teradata has a 12-month low of $24.02 and a 12-month high of $49.44. The company has a current ratio of 0.80, a quick ratio of 0.72 and a debt-to-equity ratio of 4.01. The stock’s 50 day simple moving average is $30.12 and its 200-day simple moving average is $31.61. The firm has a market cap of $2.80 billion, a P/E ratio of 34.88, a PEG ratio of 1.76 and a beta of 0.80.

Teradata (NYSE:TDC) last posted its quarterly earnings data on Monday, November 4th. The technology company reported $0.69 earnings per share for the quarter, beating analysts’ consensus estimates of $0.56 by $0.13. The firm had revenue of $440.00 million for the quarter, compared to analyst estimates of $417.71 million. Teradata had a net margin of 4.56% and a return on equity of 145.40%. Teradata’s quarterly revenue was up .5% on a year-over-year basis. During the same period last year, the firm posted $0.14 EPS. Equities analysts anticipate that Teradata will post 2.32 EPS for the current year.

Insiders Place Their Bets

In other news, insider Hillary Ashton sold 14,962 shares of the 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 sale, the insider now directly owns 121,382 shares in the company, valued at $3,341,646.46. This represents a 0.00 % decrease in their ownership of the stock. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is available through the SEC website. In other news, insider Margaret A. Treese sold 5,500 shares of the company’s stock in a transaction on Thursday, August 29th. The stock was sold at an average price of $28.50, for a total value of $156,750.00. Following the sale, the insider now directly owns 96,783 shares in the company, valued at $2,758,315.50. This represents a 0.00 % decrease in their ownership of the stock. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is available through the SEC website. Also, insider Hillary Ashton sold 14,962 shares of the stock in a transaction 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 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 position. The disclosure for this sale can be found here. 0.92% of the stock is currently owned by company insiders.

Institutional Investors Weigh In On Teradata

Hedge funds have recently modified their holdings of the company. M&G Plc lifted its stake in shares of Teradata by 2,920.3% during the second quarter. M&G Plc now owns 1,183,683 shares of the technology company’s stock valued at $41,429,000 after buying an additional 1,144,492 shares during the period. AQR Capital Management LLC raised its holdings in 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 acquiring an additional 808,691 shares during the last quarter. Ariel Investments LLC purchased a new position in shares of Teradata during the 1st quarter worth $30,998,000. Lynrock Lake LP boosted its holdings in shares of Teradata by 9.9% during the second quarter. Lynrock Lake LP now owns 6,666,666 shares of the technology company’s stock worth $230,400,000 after purchasing an additional 600,000 shares during the last quarter. Finally, Assenagon Asset Management S.A. grew its position in shares of 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 purchasing an additional 396,584 shares during the period. 90.31% of the stock is owned by institutional investors and hedge funds.

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.