Teradata (NYSE:TDC) PT Lowered to $43.00 at Barclays

Teradata (NYSE:TDC) had its target price reduced by Barclays from $50.00 to $43.00 in a report issued on Wednesday, The Fly reports.

Several other equities research analysts have also recently issued reports on TDC. Zacks Investment Research cut shares of Teradata from a buy rating to a hold rating and set a $59.00 target price on the stock. in a research note on Tuesday, October 5th. Morgan Stanley lowered their target price on shares of Teradata from $68.00 to $56.00 and set an overweight rating on the stock in a research note on Thursday, December 9th. Credit Suisse Group initiated coverage on shares of Teradata in a research note on Tuesday, November 16th. They set an underperform rating and a $40.00 target price on the stock. Finally, Needham & Company LLC raised shares of Teradata from a hold rating to a buy rating and lifted their target price for the stock from $43.00 to $64.00 in a research note on Monday, December 20th. One investment analyst has rated the stock with a sell rating, three have assigned a hold rating and seven have given a buy rating to the stock. Based on data from MarketBeat.com, Teradata currently has an average rating of Buy and an average price target of $60.55.

Teradata stock opened at $43.80 on Wednesday. The company’s fifty day moving average price is $44.39 and its 200 day moving average price is $49.93. Teradata has a 1 year low of $24.50 and a 1 year high of $59.58. The stock has a market capitalization of $4.75 billion, a P/E ratio of 41.71, a P/E/G ratio of 3.04 and a beta of 1.14. The company has a debt-to-equity ratio of 0.89, a quick ratio of 1.10 and a current ratio of 1.11.

Teradata (NYSE:TDC) last released its quarterly earnings results on Thursday, November 4th. The technology company reported $0.43 earnings per share (EPS) for the quarter, beating analysts’ consensus estimates of $0.33 by $0.10. Teradata had a net margin of 6.16% and a return on equity of 39.29%. The firm had revenue of $460.00 million for the quarter, compared to analysts’ expectations of $455.45 million. During the same quarter last year, the company earned $0.24 EPS. The firm’s revenue for the quarter was up 1.3% compared to the same quarter last year. Sell-side analysts predict that Teradata will post 1.38 EPS for the current year.

In related news, CRO Todd Cione sold 47,074 shares of the business’s stock in a transaction dated Friday, January 7th. The shares were sold at an average price of $42.49, for a total value of $2,000,174.26. The sale was disclosed in a document filed with the SEC, which can be accessed through the SEC website. Also, Director Timothy C. K. Chou sold 2,729 shares of the business’s stock in a transaction dated Friday, October 22nd. The stock was 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. 0.92% of the stock is currently owned by insiders.

A number of large investors have recently modified their holdings of TDC. CI Investments Inc. increased its stake in Teradata by 288.7% during the third quarter. CI Investments Inc. now owns 1,155,523 shares of the technology company’s stock worth $66,269,000 after purchasing an additional 858,240 shares during the period. Allianz Asset Management GmbH increased its stake in Teradata by 13.2% during the second quarter. Allianz Asset Management GmbH now owns 3,142,919 shares of the technology company’s stock worth $157,052,000 after purchasing an additional 366,364 shares during the period. Nuveen Asset Management LLC increased its stake in Teradata by 17.8% during the second quarter. Nuveen Asset Management LLC now owns 1,453,285 shares of the technology company’s stock worth $72,620,000 after purchasing an additional 220,056 shares during the period. Nordea Investment Management AB increased its stake in Teradata by 142.4% during the third quarter. Nordea Investment Management AB now owns 361,716 shares of the technology company’s stock worth $20,628,000 after purchasing an additional 212,512 shares during the period. Finally, State Street Corp increased its stake in Teradata by 7.3% during the second quarter. State Street Corp now owns 2,990,384 shares of the technology company’s stock worth $149,429,000 after purchasing an additional 203,356 shares during the period. Institutional investors own 93.19% of the company’s stock.

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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