Teradata Co. (TDC) Receives “Hold” Rating from Deutsche Bank AG
Deutsche Bank AG restated their hold rating on shares of Teradata Co. (NYSE:TDC) in a research report sent to investors on Saturday, April 29th. The firm currently has a $30.00 price target on the technology company’s stock, down from their prior price target of $32.00.
A number of other equities research analysts have also recently weighed in on the stock. BTIG Research initiated coverage on shares of Teradata in a research report on Monday, April 17th. They set a neutral rating for the company. Mizuho cut shares of Teradata from a neutral rating to an underperform rating and set a $26.00 price target for the company. in a research report on Friday, February 10th. BMO Capital Markets dropped their price target on shares of Teradata from $32.00 to $30.00 and set a market perform rating for the company in a research report on Thursday, April 27th. Wells Fargo & Co initiated coverage on shares of Teradata in a research report on Wednesday, January 11th. They set an underperform rating for the company. Finally, Zacks Investment Research cut shares of Teradata from a hold rating to a strong sell rating in a research report on Monday, January 30th. Six analysts have rated the stock with a sell rating, eight have assigned a hold rating and one has given a buy rating to the company. Teradata presently has an average rating of Hold and an average target price of $28.13.
Teradata (NYSE:TDC) traded up 2.051% during mid-day trading on Friday, hitting $28.615. 455,961 shares of the stock were exchanged. The company’s 50-day moving average price is $30.01 and its 200 day moving average price is $29.33. The firm has a market capitalization of $3.70 billion, a price-to-earnings ratio of 22.321 and a beta of 1.33. Teradata has a 52 week low of $24.27 and a 52 week high of $33.32.
Teradata (NYSE:TDC) last issued its earnings results on Thursday, April 27th. The technology company reported $0.28 EPS for the quarter, hitting analysts’ consensus estimates of $0.28. Teradata had a net margin of 5.38% and a return on equity of 32.35%. The company had revenue of $491 million for the quarter, compared to the consensus estimate of $497.29 million. During the same period in the previous year, the firm earned $0.47 earnings per share. Teradata’s quarterly revenue was down 9.9% compared to the same quarter last year. Equities research analysts expect that Teradata will post $1.25 EPS for the current year.
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In other Teradata news, Director William S. Stavropoulos sold 3,252 shares of the business’s stock in a transaction on Friday, February 24th. The shares were sold at an average price of $31.24, for a total value of $101,592.48. Following the transaction, the director now directly owns 61,149 shares of the company’s stock, valued at approximately $1,910,294.76. The sale was disclosed in a filing with the Securities & Exchange Commission, which is accessible through this link. Insiders own 2.64% of the company’s stock.
Institutional investors have recently bought and sold shares of the company. American Beacon Advisors Inc. bought a new position in Teradata during the first quarter worth $111,000. Westpac Banking Corp bought a new position in Teradata during the first quarter worth $126,000. TrimTabs Asset Management LLC boosted its position in Teradata by 88.8% in the first quarter. TrimTabs Asset Management LLC now owns 4,268 shares of the technology company’s stock worth $133,000 after buying an additional 2,008 shares during the period. James Investment Research Inc. boosted its position in Teradata by 1,193.8% in the first quarter. James Investment Research Inc. now owns 5,175 shares of the technology company’s stock worth $161,000 after buying an additional 4,775 shares during the period. Finally, Ladenburg Thalmann Financial Services Inc. boosted its stake in shares of Teradata by 19.3% in the fourth quarter. Ladenburg Thalmann Financial Services Inc. now owns 6,241 shares of the technology company’s stock worth $170,000 after buying an additional 1,008 shares during the last quarter. 99.75% of the stock is currently owned by institutional investors and hedge funds.
Teradata Corporation is a provider of analytic data platforms, analytic applications and related services. The Company’s segments include Americas region (North America and Latin America) and International region (Europe, Middle East, Africa, Asia Pacific and Japan). Its offerings include analytics solutions, ecosystem architecture consulting and hybrid cloud solutions.
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