Teradata (NYSE:TDC) Hits New 52-Week Low – Here’s What Happened

Teradata Co. (NYSE:TDC)’s stock price hit a new 52-week low during mid-day trading on Thursday . The company traded as low as $21.39 and last traded at $21.58, with a volume of 345716 shares trading hands. The stock had previously closed at $22.93.

Analysts Set New Price Targets

Several equities research analysts have commented on TDC shares. Royal Bank of Canada dropped their target price on Teradata from $32.00 to $29.00 and set a “sector perform” rating on the stock in a report on Wednesday, February 12th. Barclays dropped their price target on shares of Teradata from $30.00 to $25.00 and set an “underweight” rating on the stock in a research note on Wednesday, February 12th. Morgan Stanley set a $29.00 price objective on shares of Teradata in a research note on Monday, March 24th. Evercore ISI dropped their target price on shares of Teradata from $37.00 to $32.00 and set an “outperform” rating on the stock in a research note on Wednesday, February 12th. Finally, StockNews.com cut Teradata from a “strong-buy” rating to a “buy” rating in a research report on Saturday, March 29th. Three investment analysts have rated the stock with a sell rating, four have assigned a hold rating and four have given a buy rating to the company’s stock. Based on data from MarketBeat.com, Teradata presently has an average rating of “Hold” and a consensus target price of $34.30.

Teradata Price Performance

The company has a debt-to-equity ratio of 3.65, a current ratio of 0.81 and a quick ratio of 0.79. The company has a market capitalization of $1.89 billion, a P/E ratio of 16.86, a price-to-earnings-growth ratio of 6.23 and a beta of 0.87. The firm’s 50-day moving average is $25.33 and its 200-day moving average is $29.07.

Teradata (NYSE:TDC) last posted its quarterly earnings data on Tuesday, February 11th. The technology company reported $0.30 EPS for the quarter, missing the consensus estimate of $0.44 by ($0.14). Teradata had a return on equity of 149.16% and a net margin of 6.51%. Analysts predict that Teradata Co. will post 1.31 EPS for the current fiscal year.

Institutional Investors Weigh In On Teradata

A number of institutional investors and hedge funds have recently added to or reduced their stakes in TDC. Ameriprise Financial Inc. increased its stake in shares of Teradata by 12.4% in the fourth quarter. Ameriprise Financial Inc. now owns 5,450,428 shares of the technology company’s stock worth $169,756,000 after purchasing an additional 599,394 shares in the last quarter. AQR Capital Management LLC increased its stake in Teradata by 17.2% in the 4th quarter. AQR Capital Management LLC now owns 2,839,658 shares of the technology company’s stock worth $88,029,000 after buying an additional 416,585 shares in the last quarter. Pacer Advisors Inc. raised its holdings in Teradata by 5.2% during the fourth quarter. Pacer Advisors Inc. now owns 2,179,728 shares of the technology company’s stock valued at $67,899,000 after acquiring an additional 108,426 shares during the period. FMR LLC raised its holdings in Teradata by 2.7% during the third quarter. FMR LLC now owns 1,932,741 shares of the technology company’s stock valued at $58,639,000 after acquiring an additional 51,080 shares during the period. Finally, Geode Capital Management LLC lifted its position in shares of Teradata by 0.5% in the third quarter. Geode Capital Management LLC now owns 1,685,317 shares of the technology company’s stock valued at $51,145,000 after acquiring an additional 8,289 shares in the last quarter. 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.