Teradata (NYSE:TDC) Price Target Increased to $37.00 by Analysts at Evercore ISI

Teradata (NYSE:TDC) had its price objective increased by Evercore ISI from $34.00 to $37.00 in a research report report published on Tuesday morning, Benzinga reports. The firm currently has an outperform rating on the technology company’s stock.

Other analysts have also recently issued reports about the stock. Northland Securities cut their price target on shares of Teradata from $49.00 to $38.00 and set an outperform rating on the stock in a report on Tuesday, August 6th. Royal Bank of Canada cut their price target on shares of Teradata from $40.00 to $32.00 and set a sector perform rating on the stock in a report on Tuesday, August 6th. StockNews.com raised shares of Teradata from a buy rating to a strong-buy rating in a report on Tuesday, August 6th. Barclays cut their price target on shares of Teradata from $35.00 to $30.00 and set an underweight rating on the stock in a report on Tuesday, August 6th. Finally, Morgan Stanley dropped their target price on shares of Teradata from $44.00 to $30.00 and set an equal weight rating on the stock in a report on Tuesday, August 6th. Three equities research analysts have rated the stock with a sell rating, four have assigned a hold rating, four have given a buy rating and one has issued a strong buy rating to the company’s stock. According to MarketBeat.com, the stock has a consensus rating of Hold and a consensus price target of $40.64.

Teradata Price Performance

Shares of TDC stock opened at $32.00 on Tuesday. The company has a market capitalization of $3.09 billion, a PE ratio of 76.19, a price-to-earnings-growth ratio of 2.89 and a beta of 0.80. The firm has a fifty day simple moving average of $28.56 and a 200-day simple moving average of $32.21. The company has a current ratio of 0.75, a quick ratio of 0.72 and a debt-to-equity ratio of 6.87. Teradata has a twelve month low of $24.02 and a twelve month high of $49.44.

Teradata (NYSE:TDC) last announced its earnings results on Monday, August 5th. The technology company reported $0.64 earnings per share for the quarter, beating the consensus estimate of $0.48 by $0.16. The business had revenue of $436.00 million during the quarter, compared to the consensus estimate of $447.30 million. Teradata had a net margin of 3.45% and a return on equity of 114.57%. The business’s quarterly revenue was down 5.6% compared to the same quarter last year. During the same period in the prior year, the firm earned $0.20 earnings per share. Equities research analysts anticipate that Teradata will post 1.3 earnings per share for the current fiscal year.

Insider Activity

In other news, insider Hillary Ashton sold 14,962 shares of the firm’s stock in a transaction dated Tuesday, September 10th. The shares were sold at an average price of $27.53, for a total transaction of $411,903.86. Following the completion of the transaction, the insider now owns 121,382 shares in the company, valued at approximately $3,341,646.46. This trade represents a 0.00 % decrease in their position. The transaction was disclosed in a document filed with the SEC, which is accessible through this link. In other Teradata news, insider Margaret A. Treese sold 5,500 shares of the firm’s stock in a transaction dated Thursday, August 29th. The shares were sold at an average price of $28.50, for a total value of $156,750.00. Following the completion of the transaction, the insider now directly owns 96,783 shares in the company, valued at $2,758,315.50. This trade represents a 0.00 % decrease in their ownership of the stock. The sale was disclosed in a filing with the SEC, which is available through this link. Also, insider Hillary Ashton sold 14,962 shares of the firm’s stock in a transaction dated Tuesday, September 10th. The stock was sold at an average price of $27.53, for a total transaction of $411,903.86. Following the completion of the transaction, the insider now owns 121,382 shares of the company’s stock, valued at approximately $3,341,646.46. The trade was a 0.00 % decrease in their ownership of the stock. The disclosure for this sale can be found here. Insiders own 0.92% of the company’s stock.

Institutional Inflows and Outflows

Hedge funds and other institutional investors have recently made changes to their positions in the company. Crewe Advisors LLC acquired a new position in shares of Teradata in the second quarter worth about $26,000. Sound Income Strategies LLC purchased a new stake in shares of Teradata in the first quarter worth approximately $31,000. GAMMA Investing LLC lifted its position in shares of Teradata by 88.0% in the third quarter. GAMMA Investing LLC now owns 955 shares of the technology company’s stock worth $29,000 after purchasing an additional 447 shares in the last quarter. Hexagon Capital Partners LLC lifted its position in shares of Teradata by 111.4% in the second quarter. Hexagon Capital Partners LLC now owns 962 shares of the technology company’s stock worth $33,000 after purchasing an additional 507 shares in the last quarter. Finally, Blue Trust Inc. lifted its position in shares of Teradata by 107.3% in the second quarter. Blue Trust Inc. now owns 2,017 shares of the technology company’s stock worth $70,000 after purchasing an additional 1,044 shares in the last quarter. 90.31% of the stock is currently owned by institutional investors and hedge funds.

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.