Barclays Trims Teradata (NYSE:TDC) Target Price to $43.00

Teradata (NYSE:TDC) had its target price cut by Barclays from $50.00 to $43.00 in a research note published on Wednesday, The Fly reports.

TDC has been the subject of several other reports. Zacks Investment Research lowered shares of Teradata from a buy rating to a hold rating and set a $59.00 target price for the company. in a research report on Tuesday, October 5th. Morgan Stanley cut their target price on shares of Teradata from $68.00 to $56.00 and set an overweight rating for the company in a research report on Thursday, December 9th. Needham & Company LLC upgraded shares of Teradata from a hold rating to a buy rating and upped their price target for the stock from $43.00 to $64.00 in a research report on Monday, December 20th. Finally, Credit Suisse Group began coverage on shares of Teradata in a research report on Tuesday, November 16th. They issued an underperform rating and a $40.00 price target for the company. One equities research analyst has rated the stock with a sell rating, three have given a hold rating and seven have given a buy rating to the stock. Based on data from MarketBeat.com, the company currently has a consensus rating of Buy and a consensus price target of $60.55.

TDC opened at $43.80 on Wednesday. The company has a quick ratio of 1.10, a current ratio of 1.11 and a debt-to-equity ratio of 0.89. The firm has a 50 day moving average price of $44.39 and a 200-day moving average price of $49.93. Teradata has a twelve month low of $24.50 and a twelve month high of $59.58. The stock has a market capitalization of $4.75 billion, a price-to-earnings ratio of 41.71, a PEG ratio of 3.04 and a beta of 1.14.

Teradata (NYSE:TDC) last announced its earnings results on Thursday, November 4th. The technology company reported $0.43 earnings per share (EPS) for the quarter, beating the consensus estimate of $0.33 by $0.10. The company had revenue of $460.00 million during the quarter, compared to analyst estimates of $455.45 million. Teradata had a net margin of 6.16% and a return on equity of 39.29%. The firm’s quarterly revenue was up 1.3% compared to the same quarter last year. During the same period in the previous year, the business posted $0.24 earnings per share. As a group, analysts expect that Teradata will post 1.38 earnings per share for the current year.

In related news, CRO Todd Cione sold 47,074 shares of the company’s stock in a transaction on Friday, January 7th. The shares were sold at an average price of $42.49, for a total transaction of $2,000,174.26. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is available at this link. Also, Director Timothy C. K. Chou sold 2,729 shares of the company’s stock in a transaction on Friday, October 22nd. The stock was sold at an average price of $59.00, for a total transaction of $161,011.00. The disclosure for this sale can be found here. 0.92% of the stock is currently owned by corporate insiders.

Several institutional investors and hedge funds have recently made changes to their positions in TDC. Moors & Cabot Inc. purchased a new stake in shares of Teradata in the third quarter valued at $25,000. Valley National Advisers Inc. raised its stake in shares of Teradata by 98.5% in the third quarter. Valley National Advisers Inc. now owns 532 shares of the technology company’s stock valued at $31,000 after acquiring an additional 264 shares during the period. Sandy Spring Bank raised its stake in shares of Teradata by 341.4% in the third quarter. Sandy Spring Bank now owns 618 shares of the technology company’s stock valued at $35,000 after acquiring an additional 478 shares during the period. Rockefeller Capital Management L.P. raised its stake in shares of Teradata by 78.1% in the second quarter. Rockefeller Capital Management L.P. now owns 912 shares of the technology company’s stock valued at $45,000 after acquiring an additional 400 shares during the period. Finally, Alpha Paradigm Partners LLC purchased a new stake in shares of Teradata in the second quarter valued at $102,000. 93.19% of the stock is currently owned by institutional investors and hedge funds.

Teradata Company Profile

Teradata Corp. is the cloud data analytics company. It is built for a multi-cloud reality and solving the data challenges at scale. The company was founded on July 13, 1979 and is headquartered in San Diego, CA.

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