Investment analysts at BTIG Research started coverage on shares of Teradata Co. (NYSE:TDC) in a research note issued on Monday, April 17th. The brokerage set a “neutral” rating on the technology company’s stock.
Several other research analysts also recently commented on the stock. TheStreet upgraded shares of Teradata from a “c” rating to a “b-” rating in a report on Thursday, March 9th. Mizuho downgraded shares of Teradata from a “neutral” rating to an “underperform” rating and set a $26.00 price objective on the stock. in a report on Thursday, February 16th. BMO Capital Markets boosted their price objective on shares of Teradata from $27.00 to $32.00 and gave the stock a “market perform” rating in a report on Friday, February 10th. Zacks Investment Research downgraded shares of Teradata from a “hold” rating to a “strong sell” rating in a report on Monday, January 30th. Finally, Wells Fargo & Co initiated coverage on shares of Teradata in a report on Wednesday, January 11th. They set an “underperform” rating on the stock. Six analysts have rated the stock with a sell rating, eight have assigned a hold rating and one has assigned a buy rating to the company. The stock currently has a consensus rating of “Hold” and an average price target of $28.13.
Teradata (NYSE:TDC) traded up 1.85% during mid-day trading on Monday, hitting $28.56. The stock had a trading volume of 1,286,137 shares. The stock has a market cap of $3.69 billion, a P/E ratio of 22.28 and a beta of 1.33. The company has a 50 day moving average price of $29.94 and a 200 day moving average price of $29.34. Teradata has a one year low of $24.27 and a one year high of $33.32.
Teradata (NYSE:TDC) last announced its earnings results on Thursday, April 27th. The technology company reported $0.28 EPS for the quarter, hitting the consensus estimate of $0.28. The firm had revenue of $491 million for the quarter, compared to the consensus estimate of $497.29 million. Teradata had a net margin of 5.38% and a return on equity of 32.35%. The business’s quarterly revenue was down 9.9% on a year-over-year basis. During the same quarter last year, the firm posted $0.47 EPS. On average, equities analysts anticipate that Teradata will post $1.25 EPS for the current year.
In other news, Director William S. Stavropoulos sold 3,252 shares of Teradata stock in a transaction dated Friday, February 24th. The shares were sold at an average price of $31.24, for a total transaction of $101,592.48. Following the sale, the director now directly owns 61,149 shares in the company, valued at approximately $1,910,294.76. The sale was disclosed in a document filed with the SEC, which is available through this hyperlink. 2.64% of the stock is currently owned by insiders.
Several hedge funds have recently modified their holdings of TDC. Bank of Nova Scotia acquired a new stake in shares of Teradata during the first quarter valued at $839,000. American Beacon Advisors Inc. acquired a new stake in shares of Teradata during the first quarter valued at $111,000. Shelton Capital Management acquired a new stake in shares of Teradata during the first quarter valued at $2,205,000. State Street Corp raised its stake in shares of Teradata by 1.6% in the first quarter. State Street Corp now owns 4,577,911 shares of the technology company’s stock valued at $142,462,000 after buying an additional 71,155 shares during the period. Finally, Bank of America Corp DE raised its stake in shares of Teradata by 26.6% in the first quarter. Bank of America Corp DE now owns 866,272 shares of the technology company’s stock valued at $26,959,000 after buying an additional 181,867 shares during the period. Institutional investors and hedge funds own 99.75% of the company’s stock.
Teradata Company Profile
Teradata Corporation is a provider of analytic data platforms, analytic applications and related services. The Company’s segments include Americas region (North America and Latin America) and International region (Europe, Middle East, Africa, Asia Pacific and Japan). Its offerings include analytics solutions, ecosystem architecture consulting and hybrid cloud solutions.
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