Barclays Lowers Teradata (NYSE:TDC) Price Target to $29.00

Teradata (NYSE:TDC) had its target price cut by analysts at Barclays from $30.00 to $29.00 in a research report issued on Tuesday, Benzinga reports. The firm presently has an “underweight” rating on the technology company’s stock. Barclays‘s target price suggests a potential downside of 1.13% from the company’s current price.

TDC has been the topic of several other reports. JMP Securities lowered Teradata from an “outperform” rating to a “market perform” rating in a research report on Tuesday, August 6th. UBS Group started coverage on shares of Teradata in a research note on Friday, July 19th. They set a “sell” rating and a $32.00 price objective for the company. Evercore ISI increased their price target on Teradata from $34.00 to $37.00 and gave the company an “outperform” rating in a report on Tuesday, October 15th. Royal Bank of Canada decreased their price objective on shares of Teradata from $40.00 to $32.00 and set a “sector perform” rating for the company in a research report on Tuesday, August 6th. Finally, Northland Securities cut their price target on shares of Teradata from $49.00 to $38.00 and set an “outperform” rating on the stock in a report on Tuesday, August 6th. Three equities research analysts have rated the stock with a sell rating, four have issued a hold rating, four have issued a buy rating and one has assigned a strong buy rating to the company’s stock. Based on data from MarketBeat.com, Teradata currently has a consensus rating of “Hold” and a consensus target price of $39.91.

Teradata Price Performance

Teradata stock opened at $29.33 on Tuesday. The business has a 50 day simple moving average of $30.07 and a 200-day simple moving average of $31.64. Teradata has a 12 month low of $24.02 and a 12 month high of $49.44. The company has a debt-to-equity ratio of 6.87, a current ratio of 0.75 and a quick ratio of 0.72. The stock has a market capitalization of $2.82 billion, a PE ratio of 34.92, a price-to-earnings-growth ratio of 3.10 and a beta of 0.80.

Teradata (NYSE:TDC) last issued its quarterly earnings data on Monday, November 4th. The technology company reported $0.69 earnings per share (EPS) for the quarter, topping the consensus estimate of $0.56 by $0.13. The firm had revenue of $440.00 million during the quarter, compared to analysts’ expectations of $417.71 million. Teradata had a return on equity of 160.68% and a net margin of 4.56%. Teradata’s revenue was up .5% on a year-over-year basis. During the same period in the previous year, the firm posted $0.14 earnings per share. Equities analysts predict that Teradata will post 1.3 earnings per share for the current year.

Insider Transactions at Teradata

In related news, insider Margaret A. Treese sold 5,500 shares of the firm’s stock in a transaction on Thursday, August 29th. The stock was sold at an average price of $28.50, for a total transaction of $156,750.00. Following the sale, the insider now owns 96,783 shares of the company’s stock, valued at approximately $2,758,315.50. This trade represents a 0.00 % decrease in their position. The sale was disclosed in a filing with the SEC, which can be accessed through this link. In other Teradata news, insider Hillary Ashton sold 14,962 shares of the stock in a transaction dated Tuesday, September 10th. The stock was sold at an average price of $27.53, for a total transaction of $411,903.86. Following the completion of the transaction, the insider now owns 121,382 shares in the company, valued at approximately $3,341,646.46. This represents a 0.00 % decrease in their position. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is accessible through this link. Also, insider Margaret A. Treese sold 5,500 shares of Teradata stock in a transaction that occurred on Thursday, August 29th. The shares were sold at an average price of $28.50, for a total transaction of $156,750.00. Following the completion of the sale, the insider now owns 96,783 shares in the company, valued at $2,758,315.50. This trade represents a 0.00 % decrease in their ownership of the stock. The disclosure for this sale can be found here. Insiders own 0.92% of the company’s stock.

Institutional Inflows and Outflows

Several hedge funds and other institutional investors have recently made changes to their positions in TDC. Vanguard Group Inc. increased its holdings in Teradata by 3.3% in the 1st quarter. Vanguard Group Inc. now owns 11,841,180 shares of the technology company’s stock valued at $457,898,000 after buying an additional 377,761 shares during the period. Lynrock Lake LP grew its holdings in shares of Teradata by 9.9% during the second quarter. Lynrock Lake LP now owns 6,666,666 shares of the technology company’s stock worth $230,400,000 after purchasing an additional 600,000 shares during the last quarter. AQR Capital Management LLC increased its stake in shares of Teradata by 60.9% in the second quarter. AQR Capital Management LLC now owns 2,136,209 shares of the technology company’s stock valued at $73,827,000 after buying an additional 808,691 shares during the period. Pacer Advisors Inc. raised its holdings in Teradata by 27.5% in the 2nd quarter. Pacer Advisors Inc. now owns 1,702,179 shares of the technology company’s stock valued at $58,827,000 after buying an additional 367,641 shares during the last quarter. Finally, Boston Trust Walden Corp boosted its position in Teradata by 14.5% during the 2nd quarter. Boston Trust Walden Corp now owns 1,673,431 shares of the technology company’s stock worth $57,834,000 after buying an additional 212,359 shares during the period. 90.31% of the stock is currently owned by institutional investors.

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.