Teradata (NYSE:TDC) Given New $39.00 Price Target at Barclays

Teradata (NYSE:TDC) had its target price decreased by Barclays from $43.00 to $39.00 in a research note issued to investors on Monday morning, Benzinga reports. Barclays currently has an underweight rating on the technology company’s stock.

Other equities research analysts have also issued reports about the stock. Citigroup lifted their price target on shares of Teradata from $57.00 to $60.00 and gave the company a buy rating in a report on Monday, February 12th. StockNews.com lowered shares of Teradata from a strong-buy rating to a buy rating in a report on Friday, April 12th. Bank of America downgraded shares of Teradata from a buy rating to a neutral rating and cut their target price for the stock from $58.00 to $48.00 in a research report on Tuesday, February 13th. Morgan Stanley downgraded shares of Teradata from an overweight rating to an equal weight rating and cut their target price for the stock from $74.00 to $48.00 in a research report on Tuesday, February 13th. Finally, JMP Securities reiterated a market outperform rating and set a $72.00 target price on shares of Teradata in a research report on Tuesday, February 13th. One equities research analyst has rated the stock with a sell rating, three have given a hold rating and seven have issued a buy rating to the stock. According to MarketBeat, the stock currently has a consensus rating of Moderate Buy and a consensus target price of $56.90.

Teradata Price Performance

TDC stock opened at $36.75 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. Teradata has a 12 month low of $35.36 and a 12 month high of $57.73. The firm has a market cap of $3.59 billion, a P/E ratio of 60.25, a P/E/G ratio of 1.60 and a beta of 0.95. The company’s 50-day moving average price is $38.35 and its two-hundred day moving average price is $42.98.

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

Insider Transactions at Teradata

In other news, CEO Stephen Mcmillan sold 40,597 shares of the business’s stock in a transaction that occurred on Thursday, February 22nd. The shares were sold at an average price of $38.22, for a total value of $1,551,617.34. Following the transaction, the chief executive officer now owns 528,302 shares in the company, valued at approximately $20,191,702.44. The sale was disclosed in a filing with the Securities & Exchange Commission, which can be accessed through the SEC website. In other news, insider Kathleen R. Cullen-Cote sold 26,275 shares of the company’s stock in a transaction dated Tuesday, March 5th. The shares were sold at an average price of $37.57, for a total transaction of $987,151.75. Following the transaction, the insider now owns 127,595 shares in the company, valued at $4,793,744.15. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is available through the SEC website. Also, CEO Stephen Mcmillan sold 40,597 shares of the stock in a transaction dated Thursday, February 22nd. The stock was sold at an average price of $38.22, for a total transaction of $1,551,617.34. Following the transaction, the chief executive officer now directly owns 528,302 shares in the company, valued at approximately $20,191,702.44. The disclosure for this sale can be found here. In the last 90 days, insiders have sold 76,615 shares of company stock worth $2,903,644. Company insiders own 0.92% of the company’s stock.

Hedge Funds Weigh In On Teradata

A number of institutional investors and hedge funds have recently made changes to their positions in the stock. Orion Portfolio Solutions LLC boosted its position in shares of Teradata by 3.5% during the 3rd quarter. Orion Portfolio Solutions LLC now owns 7,583 shares of the technology company’s stock worth $341,000 after purchasing an additional 259 shares in the last quarter. Fifth Third Bancorp lifted its position in Teradata by 6.8% in the 3rd quarter. Fifth Third Bancorp now owns 4,336 shares of the technology company’s stock valued at $195,000 after acquiring an additional 276 shares in the last quarter. HB Wealth Management LLC lifted its position in Teradata by 4.5% in the 4th quarter. HB Wealth Management LLC now owns 6,488 shares of the technology company’s stock valued at $282,000 after acquiring an additional 280 shares in the last quarter. Vanguard Personalized Indexing Management LLC lifted its position in Teradata by 3.4% in the 4th quarter. Vanguard Personalized Indexing Management LLC now owns 9,169 shares of the technology company’s stock valued at $399,000 after acquiring an additional 305 shares in the last quarter. Finally, Creative Planning lifted its position in Teradata by 2.5% in the 3rd quarter. Creative Planning now owns 12,347 shares of the technology company’s stock valued at $556,000 after acquiring an additional 307 shares in the last quarter. Institutional investors own 90.31% of the company’s stock.

Teradata Company Profile

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.