Stifel Nicolaus reissued their hold rating on shares of Teradata Corporation (NYSE:TDC) in a research note issued to investors on Monday morning. The firm currently has a $32.00 target price on the technology company’s stock.
Several other equities analysts also recently weighed in on TDC. BTIG Research assumed coverage on shares of Teradata Corporation in a research note on Monday, April 17th. They issued a neutral rating on the stock. BMO Capital Markets decreased their price target on shares of Teradata Corporation from $32.00 to $30.00 and set a market perform rating on the stock in a research note on Thursday, April 27th. Deutsche Bank AG reissued a hold rating and issued a $30.00 price target (down from $32.00) on shares of Teradata Corporation in a research note on Saturday, April 29th. TheStreet downgraded shares of Teradata Corporation from a b- rating to a c rating in a research note on Thursday, April 27th. Finally, Sanford C. Bernstein assumed coverage on shares of Teradata Corporation in a research note on Wednesday, May 24th. They issued an underperform rating and a $25.00 price target on the stock. Five analysts have rated the stock with a sell rating, nine have assigned a hold rating and one has assigned a buy rating to the stock. Teradata Corporation currently has a consensus rating of Hold and an average price target of $28.50.
Shares of Teradata Corporation (NYSE TDC) opened at 30.28 on Monday. The stock has a market capitalization of $3.82 billion, a PE ratio of 39.48 and a beta of 1.28. Teradata Corporation has a 12 month low of $26.27 and a 12 month high of $33.32. The stock’s 50 day moving average is $30.27 and its 200 day moving average is $30.03.
Teradata Corporation (NYSE:TDC) last announced its earnings results on Thursday, July 27th. The technology company reported $0.22 earnings per share (EPS) for the quarter, meeting the Thomson Reuters’ consensus estimate of $0.22. Teradata Corporation had a net margin of 4.63% and a return on equity of 21.12%. The business had revenue of $513 million for the quarter, compared to analyst estimates of $519.79 million. During the same quarter last year, the business earned $0.71 earnings per share. The company’s revenue for the quarter was down 14.4% compared to the same quarter last year. Analysts anticipate that Teradata Corporation will post $1.25 earnings per share for the current fiscal year.
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In other news, insider Victor L. Lund bought 31,270 shares of Teradata Corporation stock in a transaction on Monday, July 31st. The shares were bought at an average cost of $31.95 per share, with a total value of $999,076.50. Following the completion of the purchase, the insider now directly owns 111,447 shares of the company’s stock, valued at $3,560,731.65. The purchase was disclosed in a filing with the Securities & Exchange Commission, which can be accessed through the SEC website. Also, CFO Stephen Mark Scheppmann sold 47,065 shares of Teradata Corporation stock in a transaction dated Monday, July 31st. The stock was sold at an average price of $31.83, for a total transaction of $1,498,078.95. Following the transaction, the chief financial officer now directly owns 143,689 shares in the company, valued at $4,573,620.87. The disclosure for this sale can be found here. 1.73% of the stock is owned by insiders.
Institutional investors have recently modified their holdings of the company. American Beacon Advisors Inc. purchased a new position in shares of Teradata Corporation during the first quarter worth approximately $111,000. Westpac Banking Corp purchased a new position in shares of Teradata Corporation during the first quarter worth approximately $126,000. ETF Managers Group LLC purchased a new position in shares of Teradata Corporation during the second quarter worth approximately $130,000. TrimTabs Asset Management LLC increased its position in shares of Teradata Corporation by 88.8% in the first quarter. TrimTabs Asset Management LLC now owns 4,268 shares of the technology company’s stock worth $133,000 after buying an additional 2,008 shares during the period. Finally, Zurcher Kantonalbank Zurich Cantonalbank increased its position in shares of Teradata Corporation by 9.9% in the second quarter. Zurcher Kantonalbank Zurich Cantonalbank now owns 5,183 shares of the technology company’s stock worth $153,000 after buying an additional 469 shares during the period.
Teradata Corporation 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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