Teradata (NYSE:TDC) Sets New 1-Year Low on Disappointing Earnings

Teradata Co. (NYSE:TDC) hit a new 52-week low during trading on Wednesday after the company announced weaker than expected quarterly earnings. The stock traded as low as $22.73 and last traded at $24.90, with a volume of 184573 shares trading hands. The stock had previously closed at $30.89.

The technology company reported $0.30 earnings per share for the quarter, missing the consensus estimate of $0.44 by ($0.14). Teradata had a net margin of 4.56% and a return on equity of 145.40%.

Wall Street Analysts Forecast Growth

A number of research analysts recently issued reports on TDC shares. Royal Bank of Canada reissued a “sector perform” rating and issued a $32.00 price objective on shares of Teradata in a research note on Tuesday, November 5th. UBS Group raised their target price on shares of Teradata from $24.00 to $26.00 and gave the company a “sell” rating in a research report on Tuesday, November 5th. Northland Securities lowered their price target on shares of Teradata from $38.00 to $37.00 and set an “outperform” rating for the company in a report on Tuesday, November 5th. Barclays cut their price objective on Teradata from $30.00 to $25.00 and set an “underweight” rating on the stock in a report on Wednesday. Finally, Evercore ISI lowered their price target on shares of Teradata from $37.00 to $32.00 and set an “outperform” rating for the company in a report on Wednesday. Three investment analysts have rated the stock with a sell rating, four have issued a hold rating, four have assigned a buy rating and one has issued a strong buy rating to the stock. Based on data from MarketBeat, Teradata presently has an average rating of “Hold” and a consensus price target of $39.09.

Hedge Funds Weigh In On Teradata

Large investors have recently modified their holdings of the company. Algert Global LLC raised its stake in shares of Teradata by 46.3% in the third quarter. Algert Global LLC now owns 113,106 shares of the technology company’s stock worth $3,432,000 after purchasing an additional 35,800 shares during the last quarter. Pacer Advisors Inc. grew its holdings in Teradata by 21.7% during the third quarter. Pacer Advisors Inc. now owns 2,071,302 shares of the technology company’s stock worth $62,843,000 after buying an additional 369,123 shares in the last quarter. UNICOM Systems Inc. purchased a new stake in Teradata in the 4th quarter valued at $3,162,000. John G Ullman & Associates Inc. raised its position in Teradata by 46.8% in the 3rd quarter. John G Ullman & Associates Inc. now owns 144,850 shares of the technology company’s stock valued at $4,395,000 after buying an additional 46,200 shares during the last quarter. Finally, Assenagon Asset Management S.A. lifted its stake in Teradata by 828.5% during 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 acquiring an additional 396,584 shares in the last quarter. 90.31% of the stock is currently owned by institutional investors.

Teradata Stock Down 18.5 %

The company has a current ratio of 0.80, a quick ratio of 0.79 and a debt-to-equity ratio of 4.01. The stock has a market capitalization of $2.41 billion, a PE ratio of 29.78, a P/E/G ratio of 3.19 and a beta of 0.78. The stock’s fifty day simple moving average is $31.67 and its 200-day simple moving average is $30.35.

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.