Teradata (NYSE:TDC) updated its FY 2021 earnings guidance on Thursday. The company provided earnings per share guidance of $2.110-$2.150 for the period, compared to the Thomson Reuters consensus earnings per share estimate of $1.970. The company issued revenue guidance of -.Teradata also updated its Q4 2021 guidance to $0.250-$0.290 EPS.
Several research firms recently issued reports on TDC. Zacks Investment Research lowered shares of Teradata from a buy rating to a hold rating and set a $59.00 target price on the stock. in a report on Tuesday, October 5th. Morgan Stanley restated a buy rating on shares of Teradata in a report on Friday, November 5th. Credit Suisse Group began coverage on shares of Teradata in a research note on Tuesday, November 16th. They issued an underperform rating and a $40.00 price target for the company. Craig Hallum reaffirmed a buy rating and issued a $88.00 price target on shares of Teradata in a research note on Friday, September 10th. Finally, Royal Bank of Canada lifted their price target on shares of Teradata from $50.00 to $58.00 and gave the company a sector perform rating in a research note on Friday, September 10th. One equities research analyst has rated the stock with a sell rating, three have given a hold rating and six have given a buy rating to the stock. According to data from MarketBeat, Teradata presently has a consensus rating of Buy and an average target price of $63.22.
Shares of NYSE:TDC traded up $0.79 during midday trading on Thursday, hitting $45.01. 701,788 shares of the company’s stock were exchanged, compared to its average volume of 1,557,534. The company has a debt-to-equity ratio of 0.89, a current ratio of 1.11 and a quick ratio of 1.10. The stock has a 50 day moving average price of $53.39 and a 200-day moving average price of $50.66. The company has a market cap of $4.88 billion, a PE ratio of 42.87, a price-to-earnings-growth ratio of 2.20 and a beta of 1.11. Teradata has a 12 month low of $21.07 and a 12 month high of $59.58.
In other Teradata news, Director Timothy C. K. Chou sold 2,728 shares of the company’s stock in a transaction dated Monday, September 27th. The shares were sold at an average price of $55.13, for a total value of $150,394.64. The sale was disclosed in a filing with the Securities & Exchange Commission, which can be accessed through this hyperlink. Also, Director Timothy C. K. Chou sold 2,729 shares of the business’s stock in a transaction dated Friday, October 22nd. The shares were sold at an average price of $59.00, for a total transaction of $161,011.00. The disclosure for this sale can be found here. Over the last three months, insiders have sold 7,761 shares of company stock valued at $444,300. 0.92% of the stock is currently owned by insiders.
An institutional investor recently raised its position in Teradata stock. Morgan Stanley raised its stake in Teradata Co. (NYSE:TDC) by 60.4% during the second quarter, according to the company in its most recent Form 13F filing with the Securities & Exchange Commission. The fund owned 323,627 shares of the technology company’s stock after acquiring an additional 121,822 shares during the quarter. Morgan Stanley owned approximately 0.30% of Teradata worth $16,171,000 as of its most recent filing with the Securities & Exchange Commission. 90.54% of the stock is owned by institutional investors.
Teradata Company Profile
Teradata Corp. is the cloud data analytics company. It is built for a multi-cloud reality and solving the data challenges at scale. The company was founded on July 13, 1979 and is headquartered in San Diego, CA.
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