Analysts Set Teradata Co. (NYSE:TDC) PT at $40.36

Shares of Teradata Co. (NYSE:TDC) have received an average recommendation of “Hold” from the eleven brokerages that are presently covering the firm, MarketBeat reports. Three analysts have rated the stock with a sell recommendation, four have given a hold recommendation and four have issued a buy recommendation on the company. The average 12 month price target among brokers that have covered the stock in the last year is $40.36.

Several equities analysts have commented on the stock. Barclays lowered their price objective on shares of Teradata from $35.00 to $30.00 and set an “underweight” rating for the company in a research report on Tuesday, August 6th. StockNews.com upgraded Teradata from a “buy” rating to a “strong-buy” rating in a research report on Tuesday, August 6th. UBS Group assumed coverage on Teradata in a research report on Friday, July 19th. They set a “sell” rating and a $32.00 price objective on the stock. TD Cowen dropped their target price on Teradata from $37.00 to $29.00 and set a “hold” rating for the company in a report on Tuesday, August 6th. Finally, Morgan Stanley cut their target price on Teradata from $44.00 to $30.00 and set an “equal weight” rating on the stock in a research report on Tuesday, August 6th.

Insider Activity at Teradata

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 value of $156,750.00. Following the sale, the insider now owns 96,783 shares in the company, valued at $2,758,315.50. The transaction was disclosed in a legal filing with the SEC, which is accessible through the SEC website. 0.92% of the stock is owned by company insiders.

Hedge Funds Weigh In On Teradata

A number of hedge funds have recently added to or reduced their stakes in the stock. Northwestern Mutual Wealth Management Co. boosted its holdings in shares of Teradata by 28.8% in the second quarter. Northwestern Mutual Wealth Management Co. now owns 4,981 shares of the technology company’s stock valued at $172,000 after purchasing an additional 1,113 shares during the period. Creative Planning lifted its holdings in shares of Teradata by 28.3% in the 2nd quarter. Creative Planning now owns 14,752 shares of the technology company’s stock worth $510,000 after buying an additional 3,253 shares during the period. Algert Global LLC lifted its holdings in shares of Teradata by 66.2% in the 2nd quarter. Algert Global LLC now owns 77,306 shares of the technology company’s stock worth $2,672,000 after buying an additional 30,804 shares during the period. Lynrock Lake LP grew its position in shares of Teradata by 9.9% during the 2nd quarter. Lynrock Lake LP now owns 6,666,666 shares of the technology company’s stock worth $230,400,000 after buying an additional 600,000 shares in the last quarter. Finally, Dark Forest Capital Management LP purchased a new position in shares of Teradata during the second quarter valued at $342,000. 90.31% of the stock is currently owned by institutional investors.

Teradata Stock Down 1.7 %

TDC opened at $27.77 on Friday. Teradata has a 52 week low of $24.02 and a 52 week high of $49.44. The company has a quick ratio of 0.72, a current ratio of 0.75 and a debt-to-equity ratio of 6.87. The firm has a 50-day simple moving average of $30.62 and a two-hundred day simple moving average of $34.04. The company has a market capitalization of $2.67 billion, a PE ratio of 66.12, a price-to-earnings-growth ratio of 2.62 and a beta of 0.80.

Teradata (NYSE:TDC) last issued its quarterly earnings data on Monday, August 5th. The technology company reported $0.64 earnings per share (EPS) for the quarter, topping the consensus estimate of $0.48 by $0.16. The business had revenue of $436.00 million for the quarter, compared to analysts’ expectations of $447.30 million. Teradata had a return on equity of 114.57% and a net margin of 3.45%. The company’s revenue for the quarter was down 5.6% on a year-over-year basis. During the same period in the prior year, the firm earned $0.20 EPS. Analysts forecast that Teradata will post 1.3 earnings per share for the current fiscal year.

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.