UBS Group Forecasts Strong Price Appreciation for Teradata (NYSE:TDC) Stock

Teradata (NYSE:TDC) had its target price lifted by UBS Group from $24.00 to $26.00 in a research report sent to investors on Tuesday,Benzinga reports. UBS Group currently has a sell rating on the technology company’s stock.

A number of other research analysts have also recently issued reports on TDC. JMP Securities cut Teradata from an “outperform” rating to a “market perform” rating in a report on Tuesday, August 6th. Northland Securities reduced their price target on shares of Teradata from $38.00 to $37.00 and set an “outperform” rating on the stock in a research report on Tuesday. TD Cowen dropped their price objective on shares of Teradata from $37.00 to $29.00 and set a “hold” rating for the company in a report on Tuesday, August 6th. Barclays cut their target price on shares of Teradata from $30.00 to $29.00 and set an “underweight” rating for the company in a research note on Tuesday. Finally, Evercore ISI increased their price target on Teradata from $34.00 to $37.00 and gave the stock an “outperform” rating in a research report on Tuesday, October 15th. Three investment analysts have rated the stock with a sell rating, four have issued a hold rating, four have given a buy rating and one has given a strong buy rating to the company’s stock. According to data from MarketBeat, Teradata presently has an average rating of “Hold” and a consensus price target of $39.91.

Teradata Price Performance

NYSE:TDC opened at $29.88 on Tuesday. The company has a market capitalization of $2.86 billion, a price-to-earnings ratio of 35.57, a PEG ratio of 1.76 and a beta of 0.80. The company has a 50-day moving average of $30.16 and a 200-day moving average of $31.56. Teradata has a 52 week low of $24.02 and a 52 week high of $49.44. The company has a debt-to-equity ratio of 4.01, a quick ratio of 0.72 and a current ratio of 0.80.

Teradata (NYSE:TDC) last released its quarterly earnings data on Monday, November 4th. The technology company reported $0.69 earnings per share for the quarter, beating analysts’ consensus estimates of $0.56 by $0.13. Teradata had a return on equity of 145.40% and a net margin of 4.56%. The company had revenue of $440.00 million for the quarter, compared to the consensus estimate of $417.71 million. During the same period in the previous year, the business earned $0.14 earnings per share. The company’s quarterly revenue was up .5% on a year-over-year basis. As a group, equities research analysts anticipate that Teradata will post 2.32 earnings per share for the current fiscal year.

Insider Activity

In related news, insider Hillary Ashton sold 14,962 shares of the business’s stock in a transaction that occurred on Tuesday, September 10th. The shares were sold at an average price of $27.53, for a total transaction of $411,903.86. Following the completion of the sale, the insider now directly owns 121,382 shares of the company’s stock, valued at $3,341,646.46. The trade was a 0.00 % decrease in their ownership of the stock. The transaction was disclosed in a filing with the SEC, which is available at this link. In other Teradata news, 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 transaction of $411,903.86. Following the completion of the sale, the insider now owns 121,382 shares of the company’s stock, valued at approximately $3,341,646.46. The trade was a 0.00 % decrease in their position. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is accessible through the SEC website. Also, insider Margaret A. Treese sold 5,500 shares of the stock in a transaction 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 approximately $2,758,315.50. This trade represents a 0.00 % decrease in their position. The disclosure for this sale can be found here. Insiders own 0.92% of the company’s stock.

Hedge Funds Weigh In On Teradata

Several institutional investors have recently modified their holdings of TDC. Crossmark Global Holdings Inc. grew its holdings in Teradata by 4.6% during the third quarter. Crossmark Global Holdings Inc. now owns 7,228 shares of the technology company’s stock valued at $219,000 after purchasing an additional 315 shares during the period. Sumitomo Mitsui DS Asset Management Company Ltd lifted its holdings in Teradata by 3.4% during the second quarter. Sumitomo Mitsui DS Asset Management Company Ltd now owns 10,716 shares of the technology company’s stock worth $370,000 after acquiring an additional 351 shares in the last quarter. Arizona State Retirement System grew its stake in Teradata by 1.5% in the second quarter. Arizona State Retirement System now owns 27,268 shares of the technology company’s stock valued at $942,000 after acquiring an additional 390 shares during the period. Harbor Capital Advisors Inc. increased its holdings in shares of Teradata by 2.1% in the third quarter. Harbor Capital Advisors Inc. now owns 20,949 shares of the technology company’s stock worth $636,000 after acquiring an additional 434 shares in the last quarter. Finally, GAMMA Investing LLC raised its position in shares of Teradata by 88.0% during the third quarter. GAMMA Investing LLC now owns 955 shares of the technology company’s stock worth $29,000 after purchasing an additional 447 shares during the period. 90.31% of the stock is currently owned by institutional investors and hedge funds.

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.