Teradata Corp. (TDC) Given a $32.00 Price Target by Bank of America Corp. Analysts
Teradata Corp. (NYSE:TDC) received a $32.00 price objective from investment analysts at Bank of America Corp. in a research report issued to clients and investors on Monday. The brokerage currently has a “buy” rating on the stock. Bank of America Corp.’s target price points to a potential upside of 17.67% from the company’s previous close.
A number of other equities research analysts have also commented on the company. William Blair reiterated a “market perform” rating on shares of Teradata Corp. in a research report on Friday, September 16th. restated an “underperform” rating on shares of Teradata Corp. in a research report on Monday, August 15th. Mizuho restated a “neutral” rating and issued a $28.00 price objective on shares of Teradata Corp. in a research report on Tuesday, August 23rd. Cowen and Company restated a “market perform” rating and issued a $32.00 price objective on shares of Teradata Corp. in a research report on Tuesday, September 13th. Finally, Deutsche Bank AG upped their price objective on Teradata Corp. from $26.00 to $28.00 and gave the stock a “hold” rating in a research report on Wednesday, August 3rd. Four analysts have rated the stock with a sell rating, thirteen have given a hold rating and one has given a buy rating to the company’s stock. The company presently has a consensus rating of “Hold” and an average target price of $27.25.
Teradata Corp. (NYSE:TDC) traded up 0.78% during midday trading on Monday, reaching $27.28. 964,430 shares of the company’s stock were exchanged. The firm’s 50 day moving average is $28.81 and its 200 day moving average is $28.73. Teradata Corp. has a 52 week low of $21.98 and a 52 week high of $33.09. The firm has a market capitalization of $3.54 billion, a price-to-earnings ratio of 197.68 and a beta of 1.40.
Teradata Corp. (NYSE:TDC) last posted its quarterly earnings data on Thursday, October 27th. The company reported $0.69 earnings per share (EPS) for the quarter, beating the Thomson Reuters’ consensus estimate of $0.52 by $0.17. The firm had revenue of $606 million for the quarter, compared to the consensus estimate of $556.26 million. Teradata Corp. had a net margin of 4.47% and a return on equity of 34.54%. The company’s revenue for the quarter was down 8.9% compared to the same quarter last year. During the same quarter in the prior year, the company posted $0.60 earnings per share. On average, equities analysts anticipate that Teradata Corp. will post $2.49 earnings per share for the current year.
In other Teradata Corp. news, EVP Oliver Ratzesberger sold 2,015 shares of the firm’s stock in a transaction on Friday, September 2nd. The stock was sold at an average price of $31.62, for a total value of $63,714.30. Following the completion of the sale, the executive vice president now directly owns 37,468 shares of the company’s stock, valued at approximately $1,184,738.16. The sale was disclosed in a filing with the Securities & Exchange Commission, which can be accessed through this hyperlink. 2.64% of the stock is owned by corporate insiders.
Hedge funds have recently modified their holdings of the company. Fuller & Thaler Asset Management Inc. bought a new stake in shares of Teradata Corp. during the second quarter worth about $104,000. Assetmark Inc. increased its stake in shares of Teradata Corp. by 4,059.4% in the second quarter. Assetmark Inc. now owns 4,201 shares of the company’s stock worth $105,000 after buying an additional 4,100 shares during the period. Zurcher Kantonalbank Zurich Cantonalbank increased its stake in shares of Teradata Corp. by 15.7% in the third quarter. Zurcher Kantonalbank Zurich Cantonalbank now owns 3,722 shares of the company’s stock worth $115,000 after buying an additional 506 shares during the period. Creative Planning increased its stake in shares of Teradata Corp. by 1.4% in the second quarter. Creative Planning now owns 5,965 shares of the company’s stock worth $150,000 after buying an additional 82 shares during the period. Finally, Paradigm Asset Management Co. LLC increased its stake in shares of Teradata Corp. by 17.5% in the second quarter. Paradigm Asset Management Co. LLC now owns 7,700 shares of the company’s stock worth $193,000 after buying an additional 1,146 shares during the period. 99.75% of the stock is owned by institutional investors and hedge funds.
Teradata Corp. Company Profile
Teradata Corporation (Teradata) is a provider of analytic data platforms, marketing and analytic applications, and related services. The Company’s analytic data platforms consist of software, hardware and related business consulting and support services for data warehousing, and big data analytics. It operates in two segments: data and analytics, and marketing applications.
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