Teradata’s (TDC) Sector Perform Rating Reaffirmed at Royal Bank of Canada

Royal Bank of Canada reaffirmed their sector perform rating on shares of Teradata (NYSE:TDC) in a report issued on Tuesday morning, Benzinga reports. Royal Bank of Canada currently has a $32.00 price objective on the technology company’s stock.

Other equities analysts also recently issued research reports about the stock. JMP Securities downgraded shares of Teradata from an “outperform” rating to a “market perform” rating in a report on Tuesday, August 6th. UBS Group started coverage on shares of Teradata in a report on Friday, July 19th. They issued a “sell” rating and a $32.00 target price on the stock. Barclays lowered their target price on Teradata from $30.00 to $29.00 and set an “underweight” rating for the company in a report on Tuesday. Evercore ISI raised their price target on Teradata from $34.00 to $37.00 and gave the stock an “outperform” rating in a report on Tuesday, October 15th. Finally, StockNews.com upgraded Teradata from a “buy” rating to a “strong-buy” rating in a research note on Tuesday, August 6th. Three analysts have rated the stock with a sell rating, four have issued a hold rating, four have issued a buy rating and one has issued a strong buy rating to the company’s stock. According to data from MarketBeat, Teradata currently has an average rating of “Hold” and an average target price of $39.91.

Teradata Trading Down 14.7 %

NYSE TDC opened at $28.47 on Tuesday. The company’s fifty day moving average price is $30.06 and its two-hundred day moving average price is $31.69. The company has a market capitalization of $2.74 billion, a price-to-earnings ratio of 33.89, a price-to-earnings-growth ratio of 3.10 and a beta of 0.80. 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.

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

Insiders Place Their Bets

In other news, insider Margaret A. Treese sold 5,500 shares of the stock in a transaction that occurred on Thursday, August 29th. The shares were sold at an average price of $28.50, for a total value of $156,750.00. Following the completion of the transaction, the insider now directly 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 transaction was disclosed in a legal filing with the SEC, which is accessible through this link. In other Teradata news, insider Margaret A. Treese sold 5,500 shares of the 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 completion of the transaction, the insider now directly 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 document filed with the SEC, which can be accessed through this hyperlink. Also, insider Hillary Ashton sold 14,962 shares of Teradata stock in a transaction on Tuesday, September 10th. The shares were sold at an average price of $27.53, for a total value of $411,903.86. Following the transaction, the insider now owns 121,382 shares in the company, valued at approximately $3,341,646.46. This trade represents a 0.00 % decrease in their ownership of the stock. The disclosure for this sale can be found here. 0.86% of the stock is owned by insiders.

Hedge Funds Weigh In On Teradata

Large investors have recently made changes to their positions in the business. Commonwealth Equity Services LLC bought a new stake in Teradata during the first quarter worth approximately $634,000. Norden Group LLC lifted its stake in Teradata by 71.5% during the first quarter. Norden Group LLC now owns 8,616 shares of the technology company’s stock valued at $333,000 after buying an additional 3,593 shares in the last quarter. BNP Paribas Financial Markets boosted its holdings in shares of Teradata by 7.6% in the first quarter. BNP Paribas Financial Markets now owns 79,168 shares of the technology company’s stock worth $3,061,000 after buying an additional 5,605 shares during the period. Central Pacific Bank Trust Division purchased a new position in shares of Teradata in the first quarter worth approximately $126,000. Finally, Texas Permanent School Fund Corp raised its holdings in shares of Teradata by 1.4% during the first quarter. Texas Permanent School Fund Corp now owns 85,594 shares of the technology company’s stock valued at $3,310,000 after acquiring an additional 1,147 shares during the period. Institutional investors own 90.31% of the company’s stock.

About Teradata

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.