Teradata (NYSE:TDC) Reaches New 12-Month Low at $29.38

Teradata Co. (NYSE:TDC)’s stock price hit a new 52-week low on Wednesday . The company traded as low as $29.38 and last traded at $29.42, with a volume of 8152 shares trading hands. The stock had previously closed at $30.02.

A number of analysts recently weighed in on TDC shares. ValuEngine downgraded shares of Teradata from a “buy” rating to a “hold” rating in a research report on Tuesday, September 17th. Morgan Stanley increased their price target on shares of Teradata from $57.00 to $58.00 and gave the company an “overweight” rating in a research report on Friday, August 2nd. Finally, Royal Bank of Canada cut their price target on shares of Teradata to $40.00 and set a “market perform” rating on the stock in a research report on Friday, August 2nd. Three research analysts have rated the stock with a sell rating, three have given a hold rating and two have issued a buy rating to the company’s stock. The company has an average rating of “Hold” and an average price target of $42.29.

The company has a debt-to-equity ratio of 1.54, a quick ratio of 1.26 and a current ratio of 1.31. The stock has a market capitalization of $3.43 billion, a price-to-earnings ratio of 33.22, a P/E/G ratio of 1.68 and a beta of 1.21. The firm’s fifty day simple moving average is $31.86 and its 200 day simple moving average is $37.09.

Teradata (NYSE:TDC) last announced its earnings results on Thursday, August 1st. The technology company reported $0.29 EPS for the quarter, topping the consensus estimate of $0.17 by $0.12. The firm had revenue of $478.00 million for the quarter, compared to the consensus estimate of $485.17 million. Teradata had a net margin of 1.07% and a return on equity of 23.03%. The business’s quarterly revenue was down 12.1% on a year-over-year basis. During the same period last year, the company posted $0.26 EPS. Analysts forecast that Teradata Co. will post 0.94 earnings per share for the current year.

Teradata announced that its Board of Directors has approved a stock repurchase program on Thursday, August 1st that authorizes the company to buyback $500.00 million in outstanding shares. This buyback authorization authorizes the technology company to repurchase up to 11.7% of its stock through open market purchases. Stock buyback programs are generally a sign that the company’s board believes its stock is undervalued.

A number of hedge funds have recently made changes to their positions in TDC. JPMorgan Chase & Co. grew its stake in shares of Teradata by 25.9% during the 1st quarter. JPMorgan Chase & Co. now owns 204,971 shares of the technology company’s stock worth $8,947,000 after acquiring an additional 42,145 shares in the last quarter. First Trust Advisors LP grew its stake in shares of Teradata by 35.0% during the 1st quarter. First Trust Advisors LP now owns 2,912,423 shares of the technology company’s stock worth $127,127,000 after acquiring an additional 754,396 shares in the last quarter. Parametric Portfolio Associates LLC grew its stake in shares of Teradata by 8.1% during the 1st quarter. Parametric Portfolio Associates LLC now owns 440,342 shares of the technology company’s stock worth $19,221,000 after acquiring an additional 32,979 shares in the last quarter. Acadian Asset Management LLC grew its stake in shares of Teradata by 46.3% during the 1st quarter. Acadian Asset Management LLC now owns 10,229 shares of the technology company’s stock worth $446,000 after acquiring an additional 3,235 shares in the last quarter. Finally, PNC Financial Services Group Inc. grew its stake in shares of Teradata by 1,251.0% during the 1st quarter. PNC Financial Services Group Inc. now owns 115,210 shares of the technology company’s stock worth $5,029,000 after acquiring an additional 106,682 shares in the last quarter. Hedge funds and other institutional investors own 98.53% of the company’s stock.

About Teradata (NYSE:TDC)

Teradata Corporation provides hybrid cloud analytics software. Its solutions and services comprise software, hardware, and related business consulting and support services to deliver analytics in company's analytical ecosystem. It operates through three segments: North America and Latin America region; Europe, Middle East and Africa region; and Asia Pacific and Japan region.

Featured Story: What is the cash asset ratio?

Receive News & Ratings for Teradata Daily - Enter your email address below to receive a concise daily summary of the latest news and analysts' ratings for Teradata and related companies with MarketBeat.com's FREE daily email newsletter.



Comments


share news on Facebook
tweet this investment news
share on linkedin
share on StockTwits
share on reddit