Teradata Corp. (TDC) Rating Reiterated by Cowen and Company
Teradata Corp. (NYSE:TDC)‘s stock had its “market perform” rating reaffirmed by analysts at Cowen and Company in a research report issued to clients and investors on Friday. They currently have a $29.00 price objective on the stock. Cowen and Company’s target price indicates a potential upside of 5.65% from the company’s previous close.
A number of other brokerages have also recently issued reports on TDC. reiterated an “underperform” rating on shares of Teradata Corp. in a research note on Monday, August 15th. Mizuho restated a “neutral” rating and issued a $28.00 price target on shares of Teradata Corp. in a research note on Tuesday, August 23rd. Zacks Investment Research upgraded Teradata Corp. from a “sell” rating to a “hold” rating in a research note on Monday, August 8th. TheStreet upgraded Teradata Corp. from a “sell” rating to a “hold” rating in a research note on Tuesday, August 2nd. Finally, Deutsche Bank AG boosted their price target on Teradata Corp. from $26.00 to $28.00 and gave the stock a “hold” rating in a research note on Wednesday, August 3rd. Four analysts have rated the stock with a sell rating, thirteen have given a hold rating and one has assigned a buy rating to the company’s stock. Teradata Corp. currently has an average rating of “Hold” and a consensus price target of $27.25.
Teradata Corp. (NYSE:TDC) opened at 27.45 on Friday. The firm has a 50-day moving average price of $28.71 and a 200 day moving average price of $28.80. The company has a market cap of $3.57 billion, a P/E ratio of 198.91 and a beta of 1.40. Teradata Corp. has a 52 week low of $21.98 and a 52 week high of $33.09.
Teradata Corp. (NYSE:TDC) last announced its quarterly earnings data on Thursday, October 27th. The company reported $0.69 earnings per share (EPS) for the quarter, beating the Zacks’ consensus estimate of $0.52 by $0.17. The business earned $606 million during the quarter, compared to analysts’ expectations of $556.26 million. Teradata Corp. had a return on equity of 34.54% and a net margin of 4.47%. The firm’s quarterly revenue was down 8.9% compared to the same quarter last year. During the same quarter in the previous year, the business earned $0.60 earnings per share. Analysts expect that Teradata Corp. will post $2.49 EPS for the current fiscal year.
In other news, EVP Oliver Ratzesberger sold 2,015 shares of the company’s stock in a transaction dated 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 transaction, the executive vice president now owns 37,468 shares of the company’s stock, valued at $1,184,738.16. The transaction was disclosed in a filing with the SEC, which is accessible through this hyperlink. 2.64% of the stock is owned by insiders.
Institutional investors have recently added to or reduced their stakes in the company. Bank of New York Mellon Corp raised its position in Teradata Corp. by 354.8% in the third quarter. Bank of New York Mellon Corp now owns 5,072,353 shares of the company’s stock worth $157,243,000 after buying an additional 3,957,082 shares during the period. Acadian Asset Management LLC raised its position in Teradata Corp. by 10,927.4% in the second quarter. Acadian Asset Management LLC now owns 2,183,210 shares of the company’s stock worth $54,734,000 after buying an additional 2,163,412 shares during the period. Bank of Montreal Can acquired a new position in Teradata Corp. during the second quarter worth $47,302,000. LSV Asset Management raised its position in Teradata Corp. by 201.4% in the second quarter. LSV Asset Management now owns 2,181,704 shares of the company’s stock worth $54,695,000 after buying an additional 1,457,804 shares during the period. Finally, Los Angeles Capital Management & Equity Research Inc. raised its position in Teradata Corp. by 196.0% in the third quarter. Los Angeles Capital Management & Equity Research Inc. now owns 1,656,463 shares of the company’s stock worth $51,350,000 after buying an additional 1,096,895 shares during the period. 99.75% of the stock is owned by hedge funds and other institutional investors.
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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