Teradata (NYSE:TDC) Price Target Cut to $60.00

Teradata (NYSE:TDC) had its target price cut by investment analysts at JMP Securities from $72.00 to $60.00 in a research report issued to clients and investors on Tuesday, Benzinga reports. The brokerage currently has a “market outperform” rating on the technology company’s stock. JMP Securities’ target price suggests a potential upside of 83.51% from the company’s previous close.

Several other research firms also recently weighed in on TDC. Barclays decreased their price target on shares of Teradata from $43.00 to $39.00 and set an “underweight” rating for the company in a research note on Monday, April 15th. Royal Bank of Canada decreased their price target on shares of Teradata from $59.00 to $48.00 and set a “sector perform” rating for the company in a research note on Tuesday, February 13th. StockNews.com downgraded shares of Teradata from a “strong-buy” rating to a “buy” rating in a research note on Friday, April 12th. Citigroup boosted their price objective on shares of Teradata from $57.00 to $60.00 and gave the stock a “buy” rating in a research note on Monday, February 12th. Finally, Bank of America downgraded shares of Teradata from a “neutral” rating to an “underperform” rating and reduced their price objective for the stock from $48.00 to $39.00 in a research note on Tuesday. Two investment analysts have rated the stock with a sell rating, three have issued a hold rating and six have assigned a buy rating to the company’s stock. Based on data from MarketBeat.com, the stock currently has an average rating of “Hold” and a consensus price target of $49.90.

Teradata Trading Down 0.1 %

TDC opened at $32.70 on Tuesday. The firm has a market cap of $3.19 billion, a P/E ratio of 53.60, a P/E/G ratio of 1.64 and a beta of 0.95. Teradata has a 12 month low of $31.61 and a 12 month high of $57.73. The company has a current ratio of 0.87, a quick ratio of 0.86 and a debt-to-equity ratio of 4.02. The stock has a 50-day moving average of $37.58 and a 200 day moving average of $42.14.

Teradata (NYSE:TDC) last announced its earnings results on Monday, May 6th. The technology company reported $0.57 earnings per share (EPS) for the quarter, beating the consensus estimate of $0.55 by $0.02. Teradata had a return on equity of 58.25% and a net margin of 3.38%. The business had revenue of $465.00 million during the quarter, compared to analyst estimates of $461.93 million. During the same quarter in the previous year, the business earned $0.40 earnings per share. The company’s revenue for the quarter was down 2.3% compared to the same quarter last year. As a group, research analysts forecast that Teradata will post 1.27 EPS for the current year.

Insider Activity

In other news, insider Hillary Ashton sold 9,743 shares of the business’s stock in a transaction on Friday, March 1st. The shares were sold at an average price of $37.45, for a total transaction of $364,875.35. Following the sale, the insider now directly owns 156,704 shares of the company’s stock, valued at $5,868,564.80. The sale was disclosed in a filing with the Securities & Exchange Commission, which is available through this link. In other Teradata news, CEO Stephen Mcmillan sold 40,597 shares of the company’s stock in a transaction on Thursday, February 22nd. The shares were sold at an average price of $38.22, for a total value of $1,551,617.34. Following the sale, the chief executive officer now directly owns 528,302 shares of the company’s stock, valued at $20,191,702.44. The transaction was disclosed in a filing with the SEC, which is available through the SEC website. Also, insider Hillary Ashton sold 9,743 shares of Teradata stock in a transaction dated Friday, March 1st. The shares were sold at an average price of $37.45, for a total value of $364,875.35. Following the transaction, the insider now owns 156,704 shares of the company’s stock, valued at approximately $5,868,564.80. The disclosure for this sale can be found here. Insiders have sold 76,615 shares of company stock valued at $2,903,644 over the last ninety days. 0.86% of the stock is currently owned by insiders.

Institutional Trading of Teradata

Several hedge funds and other institutional investors have recently bought and sold shares of TDC. North Star Investment Management Corp. acquired a new stake in shares of Teradata during the 4th quarter worth approximately $26,000. Sound Income Strategies LLC acquired a new stake in Teradata during the first quarter valued at $31,000. Smithfield Trust Co acquired a new stake in Teradata during the third quarter valued at $34,000. Principal Securities Inc. purchased a new position in Teradata in the fourth quarter valued at $38,000. Finally, GAMMA Investing LLC purchased a new stake in shares of Teradata during the 4th quarter worth about $47,000. 90.31% of the stock is 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.