Teradata (NYSE:TDC – Get Free Report) issued an update on its first quarter earnings guidance on Monday morning. The company provided earnings per share guidance of $0.53-0.57 for the period, compared to the consensus earnings per share estimate of $0.73. Teradata also updated its FY24 guidance to $2.15-2.31 EPS.
Wall Street Analyst Weigh In
A number of research firms have issued reports on TDC. StockNews.com raised shares of Teradata from a buy rating to a strong-buy rating in a research note on Sunday, November 5th. Citigroup boosted their target price on shares of Teradata from $57.00 to $60.00 and gave the company a buy rating in a research note on Monday. One research analyst has rated the stock with a sell rating, two have assigned a hold rating, six have given a buy rating and one has assigned a strong buy rating to the company’s stock. According to data from MarketBeat, the company has a consensus rating of Moderate Buy and a consensus price target of $57.44.
Teradata Price Performance
Teradata (NYSE:TDC – Get Free Report) last released its earnings results on Monday, February 12th. The technology company reported $0.56 EPS for the quarter, topping analysts’ consensus estimates of $0.51 by $0.05. Teradata had a net margin of 3.39% and a return on equity of 39.28%. The business had revenue of $457.00 million for the quarter, compared to the consensus estimate of $455.84 million. During the same period in the previous year, the firm earned $0.05 EPS. The business’s revenue for the quarter was up 1.1% on a year-over-year basis. On average, equities analysts forecast that Teradata will post 1.05 EPS for the current year.
In other news, CRO Todd Cione sold 29,251 shares of the business’s stock in a transaction that occurred on Monday, January 8th. The shares were sold at an average price of $43.31, for a total transaction of $1,266,860.81. Following the sale, the executive now owns 76,221 shares in the company, valued at $3,301,131.51. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which can be accessed through this hyperlink. In related news, CRO Todd Cione sold 29,251 shares of the business’s stock in a transaction that occurred on Monday, January 8th. The shares were sold at an average price of $43.31, for a total transaction of $1,266,860.81. Following the transaction, the executive now directly owns 76,221 shares of the company’s stock, valued at $3,301,131.51. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is accessible through the SEC website. Also, insider Margaret A. Treese sold 9,148 shares of the business’s stock in a transaction that occurred on Tuesday, November 14th. The shares were sold at an average price of $47.36, for a total transaction of $433,249.28. Following the transaction, the insider now directly owns 79,801 shares in the company, valued at $3,779,375.36. The disclosure for this sale can be found here. 0.90% of the stock is owned by company insiders.
Institutional Trading of Teradata
Large investors have recently added to or reduced their stakes in the business. Canada Pension Plan Investment Board bought a new stake in Teradata in the first quarter worth approximately $44,000. Rockefeller Capital Management L.P. grew its position in Teradata by 126.5% in the fourth quarter. Rockefeller Capital Management L.P. now owns 1,633 shares of the technology company’s stock worth $54,000 after acquiring an additional 912 shares in the last quarter. Quantbot Technologies LP bought a new stake in shares of Teradata during the 1st quarter worth $71,000. International Assets Investment Management LLC boosted its holdings in shares of Teradata by 173.0% during the 4th quarter. International Assets Investment Management LLC now owns 1,914 shares of the technology company’s stock worth $83,000 after buying an additional 1,213 shares during the period. Finally, Northwestern Mutual Wealth Management Co. boosted its holdings in shares of Teradata by 14.5% during the 4th quarter. Northwestern Mutual Wealth Management Co. now owns 2,602 shares of the technology company’s stock worth $88,000 after buying an additional 329 shares during the period. 91.02% of the stock is owned by institutional investors.
Teradata Corporation, together with its subsidiaries, provides a connected multi-cloud data platform for enterprise analytics. The company offers Teradata Vantage, a data platform that allows companies to leverage their data across an enterprise, as well as connects various sources of data to drive ecosystem simplification and support customers on their journey to the cloud through an integrated migration.
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