Sanford C. Bernstein reissued their underperform rating on shares of Teradata Corporation (NYSE:TDC) in a research report sent to investors on Monday morning. The brokerage currently has a $27.00 price objective on the technology company’s stock.
Other analysts also recently issued research reports about the company. UBS AG reiterated a sell rating and issued a $22.00 price objective (down previously from $24.00) on shares of Teradata Corporation in a research report on Friday, June 16th. Stifel Nicolaus reiterated a hold rating and issued a $32.00 price objective on shares of Teradata Corporation in a research report on Monday, August 14th. BidaskClub downgraded Teradata Corporation from a buy rating to a hold rating in a research report on Friday, August 11th. BMO Capital Markets reiterated a hold rating and issued a $30.00 price objective on shares of Teradata Corporation in a research report on Sunday, July 16th. Finally, Needham & Company LLC began coverage on Teradata Corporation in a research report on Monday. They issued a hold rating for the company. Five research analysts have rated the stock with a sell rating, ten have assigned a hold rating and one has given a buy rating to the company’s stock. The stock currently has an average rating of Hold and an average target price of $28.75.
Shares of Teradata Corporation (NYSE TDC) opened at 32.04 on Monday. The firm has a market cap of $4.04 billion, a P/E ratio of 41.77 and a beta of 1.25. The firm’s 50-day moving average is $31.31 and its 200-day moving average is $30.08. Teradata Corporation has a 52-week low of $26.27 and a 52-week high of $33.32.
Teradata Corporation (NYSE:TDC) last announced its quarterly earnings data on Thursday, July 27th. The technology company reported $0.22 earnings per share for the quarter, meeting the Thomson Reuters’ 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 during the quarter, compared to the consensus estimate of $519.79 million. During the same quarter in the previous year, the company posted $0.71 earnings per share. The business’s revenue was down 14.4% on a year-over-year basis. Analysts anticipate that Teradata Corporation will post $1.25 earnings per share for the current year.
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In other Teradata Corporation news, insider Victor L. Lund bought 31,270 shares of Teradata Corporation stock in a transaction dated Monday, July 31st. The shares were purchased at an average cost of $31.95 per share, with a total value of $999,076.50. Following the completion of the purchase, the insider now owns 111,447 shares of the company’s stock, valued at $3,560,731.65. The transaction was disclosed in a legal filing with the SEC, which can be accessed through the SEC website. Also, CFO Stephen Mark Scheppmann sold 47,065 shares of the business’s stock in a transaction that occurred 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 transaction, the chief financial officer now directly owns 143,689 shares in the company, valued at $4,573,620.87. The disclosure for this sale can be found here. 1.73% of the stock is currently owned by insiders.
Hedge funds have recently modified their holdings of the stock. American Beacon Advisors Inc. purchased a new stake in Teradata Corporation in the first quarter worth $111,000. Westpac Banking Corp purchased a new stake in Teradata Corporation in the first quarter worth $126,000. ETF Managers Group LLC purchased a new stake in Teradata Corporation in the second quarter worth $130,000. Zurcher Kantonalbank Zurich Cantonalbank grew its stake in Teradata Corporation by 9.9% in the second quarter. Zurcher Kantonalbank Zurich Cantonalbank now owns 5,183 shares of the technology company’s stock worth $153,000 after purchasing an additional 469 shares during the period. Finally, LS Investment Advisors LLC grew its stake in Teradata Corporation by 19.1% in the first quarter. LS Investment Advisors LLC now owns 5,827 shares of the technology company’s stock worth $181,000 after purchasing an additional 936 shares during the period. 99.94% of the stock is currently owned by institutional investors.
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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