Teradata Corporation (NYSE:TDC)‘s stock had its “hold” rating reissued by equities research analysts at Royal Bank Of Canada in a report issued on Wednesday, October 18th. They presently have a $30.00 price objective on the technology company’s stock. Royal Bank Of Canada’s price target suggests a potential downside of 10.47% from the company’s previous close.
TDC has been the subject of several other reports. BMO Capital Markets reiterated a “hold” rating and set a $30.00 price objective on shares of Teradata Corporation in a research report on Sunday, July 16th. Sanford C. Bernstein reiterated an “underperform” rating and set a $27.00 price objective on shares of Teradata Corporation in a research report on Monday, September 11th. Stifel Nicolaus restated a “hold” rating and issued a $32.00 target price on shares of Teradata Corporation in a research report on Monday, August 14th. BidaskClub downgraded Teradata Corporation from a “buy” rating to a “hold” rating in a research report on Saturday, July 8th. Finally, Needham & Company LLC assumed coverage on Teradata Corporation in a research report on Monday, September 11th. They issued a “hold” rating for the company. Four research analysts have rated the stock with a sell rating, ten have given a hold rating and one has assigned a buy rating to the company’s stock. The company presently has a consensus rating of “Hold” and a consensus target price of $29.11.
Shares of Teradata Corporation (NYSE TDC) traded up 2.89% during trading on Wednesday, hitting $33.51. The stock had a trading volume of 1,796,415 shares. The company’s 50 day moving average price is $32.84 and its 200 day moving average price is $30.56. The stock has a market cap of $4.22 billion, a price-to-earnings ratio of 43.69 and a beta of 1.26. Teradata Corporation has a 12 month low of $26.27 and a 12 month high of $34.30.
Teradata Corporation (NYSE:TDC) last posted its earnings results on Thursday, July 27th. The technology company reported $0.22 EPS for the quarter, meeting the Thomson Reuters’ consensus estimate of $0.22. The company had revenue of $513.00 million during the quarter, compared to analyst estimates of $519.79 million. Teradata Corporation had a return on equity of 21.12% and a net margin of 4.63%. The business’s revenue was down 14.4% compared to the same quarter last year. During the same period in the prior year, the company earned $0.71 earnings per share. Equities research analysts expect that Teradata Corporation will post $1.25 earnings per share for the current fiscal year.
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In related news, CFO Stephen Mark Scheppmann sold 47,065 shares of the company’s stock in a transaction on Monday, July 31st. The shares were sold at an average price of $31.83, for a total value of $1,498,078.95. Following the completion of the sale, the chief financial officer now directly owns 143,689 shares in the company, valued at $4,573,620.87. The sale was disclosed in a filing with the Securities & Exchange Commission, which is available at the SEC website. Also, insider Victor L. Lund purchased 31,270 shares of the firm’s stock in a transaction on Monday, July 31st. The shares were purchased at an average price of $31.95 per share, with a total value of $999,076.50. Following the completion of the acquisition, the insider now directly owns 111,447 shares of the company’s stock, valued at $3,560,731.65. The disclosure for this purchase can be found here. Corporate insiders own 1.73% of the company’s stock.
A number of hedge funds have recently added to or reduced their stakes in TDC. American Beacon Advisors Inc. bought a new stake in Teradata Corporation during the first quarter valued at about $111,000. ETF Managers Group LLC bought a new stake in shares of Teradata Corporation in the second quarter valued at about $130,000. Zurcher Kantonalbank Zurich Cantonalbank lifted its stake 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 valued at $153,000 after buying an additional 469 shares during the period. GW Henssler & Associates Ltd. bought a new stake in shares of Teradata Corporation in the second quarter valued at about $202,000. Finally, PNC Financial Services Group Inc. lifted its stake in shares of Teradata Corporation by 0.4% in the second quarter. PNC Financial Services Group Inc. now owns 7,236 shares of the technology company’s stock valued at $213,000 after buying an additional 31 shares during the period. Institutional investors own 99.66% of the company’s stock.
About Teradata Corporation
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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