Analysts at Needham & Company LLC initiated coverage on shares of Teradata Corporation (NYSE:TDC) in a research report issued to clients and investors on Monday, September 11th, MarketBeat.com reports. The firm set a “hold” rating on the technology company’s stock.
TDC has been the topic of several other reports. BidaskClub lowered Teradata Corporation from a “buy” rating to a “hold” rating in a research report on Saturday, July 8th. Sanford C. Bernstein started coverage on Teradata Corporation in a research report on Wednesday, May 24th. They set an “underperform” rating and a $25.00 price target on the stock. BMO Capital Markets lifted their price target on Teradata Corporation from $30.00 to $32.00 and gave the company a “market perform” rating in a research report on Friday, July 28th. Stifel Nicolaus restated a “hold” rating and set a $32.00 price target on shares of Teradata Corporation in a research report on Monday, July 10th. Finally, UBS AG reissued a “sell” rating and issued a $22.00 target price (down from $24.00) on shares of Teradata Corporation in a report on Friday, June 16th. Five investment analysts have rated the stock with a sell rating, nine have given a hold rating and one has assigned a buy rating to the company’s stock. The company presently has a consensus rating of “Hold” and an average price target of $28.75.
Teradata Corporation (NYSE:TDC) opened at 32.88 on Monday. The company has a market capitalization of $4.14 billion, a PE ratio of 42.87 and a beta of 1.25. The firm’s 50 day moving average price is $31.41 and its 200-day moving average price is $30.09. Teradata Corporation has a 12-month low of $26.27 and a 12-month high of $33.36.
Teradata Corporation (NYSE:TDC) last issued its quarterly earnings data on Thursday, July 27th. The technology company reported $0.22 earnings per share for the quarter, hitting the Zacks’ consensus estimate of $0.22. Teradata Corporation had a return on equity of 21.12% and a net margin of 4.63%. The firm had revenue of $513.00 million for the quarter, compared to analyst estimates of $519.79 million. During the same period last year, the company earned $0.71 EPS. The business’s quarterly revenue was down 14.4% compared to the same quarter last year. On average, equities analysts anticipate that Teradata Corporation will post $1.25 earnings per share for the current fiscal year.
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In other news, insider Victor L. Lund acquired 31,270 shares of Teradata Corporation stock in a transaction that occurred on Monday, July 31st. The stock was bought at an average price of $31.95 per share, for a total transaction of $999,076.50. Following the completion of the transaction, the insider now owns 111,447 shares in the company, valued at $3,560,731.65. The purchase was disclosed in a document filed with the Securities & Exchange Commission, which can be accessed through the SEC website. Also, CFO Stephen Mark Scheppmann sold 47,065 shares of the company’s stock in a transaction on Monday, July 31st. The shares were sold at an average price of $31.83, for a total value of $1,498,078.95. Following the sale, the chief financial officer now owns 143,689 shares of the company’s stock, valued at approximately $4,573,620.87. The disclosure for this sale can be found here. 1.73% of the stock is owned by insiders.
A number of institutional investors have recently bought and sold shares of TDC. ProShare Advisors LLC increased its position in Teradata Corporation by 0.8% during the first quarter. ProShare Advisors LLC now owns 29,619 shares of the technology company’s stock valued at $922,000 after acquiring an additional 237 shares during the last quarter. Janney Montgomery Scott LLC increased its position in Teradata Corporation by 26.6% during the first quarter. Janney Montgomery Scott LLC now owns 14,821 shares of the technology company’s stock valued at $461,000 after acquiring an additional 3,116 shares during the last quarter. Great West Life Assurance Co. Can grew its holdings in Teradata Corporation by 0.3% during the first quarter. Great West Life Assurance Co. Can now owns 34,190 shares of the technology company’s stock valued at $1,064,000 after purchasing an additional 86 shares during the period. Commerzbank Aktiengesellschaft FI bought a new stake in Teradata Corporation during the first quarter valued at about $201,000. Finally, Boston Partners bought a new stake in Teradata Corporation during the first quarter valued at about $607,000.
About Teradata Corporation
Teradata Corporation is a provider of analytic data platforms, analytic applications and related services. The Company’s segments include Americas region (North America and Latin America) and International region (Europe, Middle East, Africa, Asia Pacific and Japan). Its offerings include analytics solutions, ecosystem architecture consulting and hybrid cloud solutions.
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