Teradata (NYSE:TDC) Price Target Lowered to $37.00 at Northland Securities

Teradata (NYSE:TDC) had its price target dropped by stock analysts at Northland Securities from $38.00 to $37.00 in a research note issued to investors on Tuesday, Benzinga reports. The brokerage currently has an “outperform” rating on the technology company’s stock. Northland Securities’ target price would indicate a potential upside of 27.24% from the company’s previous close.

Several other equities research analysts have also issued reports on the stock. JMP Securities lowered shares of Teradata from an “outperform” rating to a “market perform” rating in a report on Tuesday, August 6th. StockNews.com upgraded Teradata from a “buy” rating to a “strong-buy” rating in a research note on Tuesday, August 6th. UBS Group initiated coverage on Teradata in a research report on Friday, July 19th. They issued a “sell” rating and a $32.00 price objective on the stock. TD Cowen lowered their price objective on Teradata from $37.00 to $29.00 and set a “hold” rating on the stock in a research report on Tuesday, August 6th. Finally, Barclays reduced their target price on Teradata from $30.00 to $29.00 and set an “underweight” rating for the company in a research note on Tuesday. Three analysts have rated the stock with a sell rating, four have assigned a hold rating, four have given a buy rating and one has given a strong buy rating to the company’s stock. Based on data from MarketBeat, the company currently has a consensus rating of “Hold” and a consensus price target of $39.91.

Teradata Price Performance

Shares of TDC stock traded down $4.30 during trading hours on Tuesday, reaching $29.08. The stock had a trading volume of 1,269,036 shares, compared to its average volume of 935,458. Teradata has a 12 month low of $24.02 and a 12 month high of $49.44. The firm has a market capitalization of $2.79 billion, a PE ratio of 46.16, a PEG ratio of 3.08 and a beta of 0.80. The company has a current ratio of 0.75, a quick ratio of 0.72 and a debt-to-equity ratio of 6.87. The stock’s fifty day simple moving average is $30.06 and its 200 day simple moving average is $31.69.

Teradata (NYSE:TDC) last announced its earnings results on Monday, November 4th. The technology company reported $0.69 earnings per share (EPS) for the quarter, beating the consensus estimate of $0.56 by $0.13. Teradata had a net margin of 3.45% and a return on equity of 114.57%. The business had revenue of $440.00 million during the quarter, compared to analyst estimates of $417.71 million. During the same period in the previous year, the business posted $0.14 earnings per share. Teradata’s revenue for the quarter was up .5% on a year-over-year basis. On average, equities research analysts predict that Teradata will post 1.3 EPS for the current year.

Insider Activity at Teradata

In other news, insider Hillary Ashton sold 14,962 shares of the stock in a transaction on 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 directly owns 121,382 shares in the company, valued at approximately $3,341,646.46. This represents a 0.00 % decrease in their position. The transaction was disclosed in a document filed with the SEC, which can be accessed through this hyperlink. In other news, 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 sale, the insider now owns 121,382 shares of the company’s stock, valued at approximately $3,341,646.46. This trade represents a 0.00 % decrease in their position. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is accessible through the SEC website. Also, insider Margaret A. Treese sold 5,500 shares of Teradata stock in a transaction that occurred on Thursday, August 29th. The stock was sold at an average price of $28.50, for a total value of $156,750.00. Following the transaction, the insider now directly owns 96,783 shares in the company, valued at approximately $2,758,315.50. This trade represents a 0.00 % decrease in their position. The disclosure for this sale can be found here. 0.86% of the stock is owned by corporate insiders.

Hedge Funds Weigh In On Teradata

Institutional investors have recently made changes to their positions in the stock. Commonwealth Equity Services LLC purchased a new stake in shares of Teradata in the first quarter worth about $634,000. Norden Group LLC grew its holdings in Teradata by 71.5% in the 1st quarter. Norden Group LLC now owns 8,616 shares of the technology company’s stock worth $333,000 after buying an additional 3,593 shares in the last quarter. BNP Paribas Financial Markets boosted its stake in Teradata by 7.6% during the 1st quarter. BNP Paribas Financial Markets now owns 79,168 shares of the technology company’s stock valued at $3,061,000 after purchasing an additional 5,605 shares in the last quarter. Central Pacific Bank Trust Division bought a new position in Teradata during the 1st quarter valued at $126,000. Finally, Texas Permanent School Fund Corp boosted its stake in Teradata by 1.4% during the 1st quarter. Texas Permanent School Fund Corp now owns 85,594 shares of the technology company’s stock valued at $3,310,000 after purchasing an additional 1,147 shares in the last quarter. 90.31% of the stock is owned by institutional investors and hedge funds.

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.