Barclays Cuts Teradata (NYSE:TDC) Price Target to $39.00

Teradata (NYSE:TDC) had its price target reduced by equities research analysts at Barclays from $43.00 to $39.00 in a research report issued to clients and investors on Monday, Benzinga reports. The brokerage presently has an “underweight” rating on the technology company’s stock. Barclays‘s target price indicates a potential upside of 7.41% from the stock’s current price.

TDC has been the subject of a number of other research reports. Morgan Stanley lowered Teradata from an “overweight” rating to an “equal weight” rating and reduced their target price for the company from $74.00 to $48.00 in a report on Tuesday, February 13th. Citigroup lifted their price target on Teradata from $57.00 to $60.00 and gave the company a “buy” rating in a research report on Monday, February 12th. Royal Bank of Canada dropped their price target on Teradata from $59.00 to $48.00 and set a “sector perform” rating for the company in a research report on Tuesday, February 13th. StockNews.com downgraded Teradata from a “strong-buy” rating to a “buy” rating in a research report on Friday. Finally, Bank of America downgraded Teradata from a “buy” rating to a “neutral” rating and dropped their price target for the company from $58.00 to $48.00 in a research report on Tuesday, February 13th. One analyst has rated the stock with a sell rating, three have assigned a hold rating and seven have issued a buy rating to the company’s stock. According to MarketBeat, the stock currently has an average rating of “Moderate Buy” and an average target price of $56.90.

Teradata Stock Down 3.2 %

TDC stock opened at $36.31 on Monday. The company has a quick ratio of 0.86, a current ratio of 0.87 and a debt-to-equity ratio of 4.02. The firm has a market capitalization of $3.55 billion, a PE ratio of 59.52, a PEG ratio of 1.60 and a beta of 0.95. Teradata has a twelve month low of $36.23 and a twelve month high of $57.73. The stock has a 50-day simple moving average of $39.29 and a two-hundred day simple moving average of $43.20.

Teradata (NYSE:TDC) last posted its earnings results on Monday, February 12th. The technology company reported $0.56 earnings per share for the quarter, beating analysts’ consensus estimates of $0.51 by $0.05. The business had revenue of $457.00 million during the quarter, compared to analyst estimates of $455.84 million. Teradata had a return on equity of 58.25% and a net margin of 3.38%. The company’s quarterly revenue was up 1.1% compared to the same quarter last year. During the same quarter in the previous year, the firm earned $0.05 EPS. On average, equities analysts predict that Teradata will post 1.27 EPS for the current fiscal year.

Insider Buying and Selling

In related news, insider Hillary Ashton sold 9,743 shares of the business’s stock in a transaction that occurred on Friday, March 1st. The stock was sold at an average price of $37.45, for a total value of $364,875.35. Following the completion of the sale, the insider now owns 156,704 shares in the company, valued at approximately $5,868,564.80. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is accessible through this link. In other Teradata news, insider Hillary Ashton sold 9,743 shares of the business’s stock in a transaction that occurred on Friday, March 1st. The stock was sold at an average price of $37.45, for a total value of $364,875.35. Following the completion of the sale, the insider now owns 156,704 shares in the company, valued at $5,868,564.80. The sale was disclosed in a filing with the Securities & Exchange Commission, which is accessible through the SEC website. Also, insider Kathleen R. Cullen-Cote sold 26,275 shares of the business’s stock in a transaction that occurred on Tuesday, March 5th. The shares were sold at an average price of $37.57, for a total value of $987,151.75. Following the completion of the sale, the insider now owns 127,595 shares of the company’s stock, valued at approximately $4,793,744.15. The disclosure for this sale can be found here. Insiders sold 76,615 shares of company stock worth $2,903,644 in the last quarter. 0.86% of the stock is owned by insiders.

Institutional Trading of Teradata

Several hedge funds and other institutional investors have recently bought and sold shares of TDC. Private Advisor Group LLC bought a new stake in Teradata in the first quarter valued at approximately $231,000. Natixis Advisors L.P. increased its stake in shares of Teradata by 46.7% during the first quarter. Natixis Advisors L.P. now owns 21,282 shares of the technology company’s stock valued at $1,049,000 after buying an additional 6,779 shares during the period. Bank of Montreal Can increased its stake in shares of Teradata by 21.1% during the first quarter. Bank of Montreal Can now owns 10,977 shares of the technology company’s stock valued at $546,000 after buying an additional 1,916 shares during the period. Rhumbline Advisers increased its stake in shares of Teradata by 0.3% during the first quarter. Rhumbline Advisers now owns 302,170 shares of the technology company’s stock valued at $14,894,000 after buying an additional 947 shares during the period. Finally, Commonwealth of Pennsylvania Public School Empls Retrmt SYS increased its stake in shares of Teradata by 10.5% during the first quarter. Commonwealth of Pennsylvania Public School Empls Retrmt SYS now owns 39,764 shares of the technology company’s stock valued at $1,960,000 after buying an additional 3,791 shares during the period. Institutional investors own 90.31% of the company’s stock.

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.