Teradata (NYSE:TDC) Price Target Lowered to $37.00 at Northland Securities

Teradata (NYSE:TDC) had its price target trimmed by Northland Securities from $38.00 to $37.00 in a research note issued to investors on Tuesday,Benzinga reports. The firm currently has an outperform rating on the technology company’s stock.

Several other analysts have also commented on TDC. StockNews.com upgraded shares of Teradata from a “buy” rating to a “strong-buy” rating in a research report on Tuesday, August 6th. Morgan Stanley dropped their price target on Teradata from $44.00 to $30.00 and set an “equal weight” rating for the company in a research report on Tuesday, August 6th. TD Cowen reduced their price objective on Teradata from $37.00 to $29.00 and set a “hold” rating on the stock in a research report on Tuesday, August 6th. UBS Group started coverage on Teradata in a research note on Friday, July 19th. They set a “sell” rating and a $32.00 price objective on the stock. Finally, JMP Securities lowered shares of Teradata from an “outperform” rating to a “market perform” rating in a report on Tuesday, August 6th. Three equities research analysts have rated the stock with a sell rating, four have assigned a hold rating, four have issued a buy rating and one has assigned a strong buy rating to the company’s stock. According to MarketBeat, Teradata presently has an average rating of “Hold” and an average price target of $39.91.

Teradata Price Performance

Shares of NYSE:TDC opened at $29.88 on Tuesday. The business’s 50 day simple moving average is $30.16 and its 200-day simple moving average is $31.56. The firm has a market capitalization of $2.86 billion, a price-to-earnings ratio of 35.57, a price-to-earnings-growth ratio of 1.76 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 4.01, a current ratio of 0.80 and a quick ratio of 0.72.

Teradata (NYSE:TDC) last announced its quarterly earnings results 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 business had revenue of $440.00 million during the quarter, compared to analysts’ expectations of $417.71 million. During the same quarter last year, the business posted $0.14 earnings per share. The business’s revenue for the quarter was up .5% on a year-over-year basis. As a group, equities analysts forecast that Teradata will post 2.32 earnings per share for the current fiscal year.

Insiders Place Their Bets

In other news, insider Hillary Ashton sold 14,962 shares of the business’s 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 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 position. The sale was disclosed in a filing with the Securities & Exchange Commission, which is available at this link. In other news, insider Margaret A. Treese sold 5,500 shares of Teradata stock in a transaction dated Thursday, August 29th. The stock was sold at an average price of $28.50, for a total value of $156,750.00. Following the transaction, the insider now directly owns 96,783 shares of the company’s stock, valued at $2,758,315.50. The trade was a 0.00 % decrease in their position. The transaction was disclosed in a document filed with the SEC, which is available at this link. Also, insider Hillary Ashton sold 14,962 shares of the firm’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 transaction, the insider now owns 121,382 shares in the company, valued at $3,341,646.46. The trade was a 0.00 % decrease in their position. The disclosure for this sale can be found here. 0.92% of the stock is currently owned by insiders.

Institutional Inflows and Outflows

A number of hedge funds and other institutional investors have recently modified their holdings of TDC. M&G Plc raised its holdings in shares of Teradata by 2,920.3% during the 2nd quarter. M&G Plc now owns 1,183,683 shares of the technology company’s stock valued at $41,429,000 after buying an additional 1,144,492 shares during the period. AQR Capital Management LLC lifted its stake in shares of Teradata by 60.9% in the second quarter. AQR Capital Management LLC now owns 2,136,209 shares of the technology company’s stock worth $73,827,000 after acquiring an additional 808,691 shares in the last quarter. Ariel Investments LLC purchased a new position in Teradata in the first quarter valued at about $30,998,000. Lynrock Lake LP increased its holdings in 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 purchasing an additional 600,000 shares during the last quarter. Finally, Assenagon Asset Management S.A. raised its position in shares of Teradata by 828.5% in the 3rd quarter. Assenagon Asset Management S.A. now owns 444,450 shares of the technology company’s stock valued at $13,485,000 after purchasing an additional 396,584 shares in the last quarter. Institutional investors and hedge funds own 90.31% of the company’s stock.

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.