Teradata (NYSE:TDC) Reaches New 52-Week Low – Here’s What Happened

Teradata Co. (NYSE:TDC)’s share price hit a new 52-week low during mid-day trading on Thursday . The company traded as low as $21.80 and last traded at $21.93, with a volume of 116948 shares trading hands. The stock had previously closed at $22.28.

Analysts Set New Price Targets

A number of analysts have recently weighed in on the stock. Evercore ISI cut their price objective on shares of Teradata from $37.00 to $32.00 and set an “outperform” rating on the stock in a research note on Wednesday, February 12th. Royal Bank of Canada cut their price objective on shares of Teradata from $32.00 to $29.00 and set a “sector perform” rating on the stock in a research note on Wednesday, February 12th. Barclays cut their price objective on shares of Teradata from $30.00 to $25.00 and set an “underweight” rating on the stock in a research note on Wednesday, February 12th. StockNews.com upgraded shares of Teradata from a “buy” rating to a “strong-buy” rating in a research note on Thursday. Finally, Guggenheim cut their price objective on shares of Teradata from $42.00 to $37.00 and set a “buy” rating on the stock in a research note on Wednesday, February 12th. Three analysts have rated the stock with a sell rating, four have issued a hold rating, three have assigned a buy rating and one has assigned a strong buy rating to the stock. Based on data from MarketBeat, the stock currently has a consensus rating of “Hold” and an average target price of $34.40.

Teradata Trading Up 3.3 %

The company has a quick ratio of 0.79, a current ratio of 0.81 and a debt-to-equity ratio of 3.65. The company has a market cap of $2.15 billion, a price-to-earnings ratio of 19.39, a price-to-earnings-growth ratio of 6.23 and a beta of 0.75. The company’s 50-day moving average is $27.98 and its 200 day moving average is $29.64.

Teradata (NYSE:TDC) last posted its quarterly earnings data on Tuesday, February 11th. The technology company reported $0.30 earnings per share (EPS) for the quarter, missing the consensus estimate of $0.44 by ($0.14). Teradata had a net margin of 6.51% and a return on equity of 149.16%. Research analysts predict that Teradata Co. will post 1.31 EPS for the current year.

Hedge Funds Weigh In On Teradata

Several hedge funds and other institutional investors have recently modified their holdings of TDC. Point72 Asset Management L.P. purchased a new position in Teradata during the third quarter worth about $27,000. Brooklyn Investment Group acquired a new stake in shares of Teradata during the third quarter valued at about $32,000. Independence Bank of Kentucky acquired a new stake in shares of Teradata during the fourth quarter valued at about $37,000. Aster Capital Management DIFC Ltd increased its position in shares of Teradata by 53.0% during the fourth quarter. Aster Capital Management DIFC Ltd now owns 1,567 shares of the technology company’s stock valued at $49,000 after acquiring an additional 543 shares during the last quarter. Finally, Groupama Asset Managment acquired a new stake in shares of Teradata during the third quarter valued at about $50,000. 90.31% of the stock is owned by hedge funds and other institutional investors.

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.