Teradata (NYSE:TDC) Sets New 12-Month Low – Time to Sell?

Teradata Co. (NYSE:TDC)’s share price reached a new 52-week low on Friday . The stock traded as low as $22.62 and last traded at $22.73, with a volume of 274925 shares changing hands. The stock had previously closed at $22.98.

Wall Street Analyst Weigh In

A number of brokerages have recently issued reports on TDC. StockNews.com cut Teradata from a “strong-buy” rating to a “buy” rating in a report on Thursday, February 13th. Evercore ISI decreased their price objective on Teradata from $37.00 to $32.00 and set an “outperform” rating on the stock in a report on Wednesday, February 12th. Barclays lowered their price objective on Teradata from $30.00 to $25.00 and set an “underweight” rating on the stock in a research report on Wednesday, February 12th. JMP Securities restated a “market perform” rating on shares of Teradata in a research note on Thursday, February 13th. Finally, Guggenheim dropped their price objective on shares of Teradata from $42.00 to $37.00 and set a “buy” rating for the company in a research note on Wednesday, February 12th. Three analysts have rated the stock with a sell rating, four have issued a hold rating and four have assigned a buy rating to the stock. According to MarketBeat, Teradata presently has a consensus rating of “Hold” and a consensus target price of $34.40.

Teradata Price Performance

The business’s 50 day simple moving average is $28.68 and its 200-day simple moving average is $29.81. The stock has a market capitalization of $2.18 billion, a price-to-earnings ratio of 19.71, a P/E/G ratio of 6.23 and a beta of 0.75. The company has a quick ratio of 0.79, a current ratio of 0.81 and a debt-to-equity ratio of 3.65.

Teradata (NYSE:TDC) last posted its quarterly earnings results on Tuesday, February 11th. The technology company reported $0.30 earnings per share (EPS) for the quarter, missing the consensus estimate of $0.44 by ($0.14). Teradata had a return on equity of 149.16% and a net margin of 6.51%. On average, research analysts forecast that Teradata Co. will post 1.31 earnings per share for the current year.

Hedge Funds Weigh In On Teradata

A number of institutional investors have recently modified their holdings of TDC. Norges Bank bought a new position in Teradata in the fourth quarter valued at about $36,315,000. Victory Capital Management Inc. grew its holdings in shares of Teradata by 742.5% during the 4th quarter. Victory Capital Management Inc. now owns 1,127,141 shares of the technology company’s stock valued at $35,110,000 after purchasing an additional 993,358 shares during the last quarter. Ameriprise Financial Inc. increased its position in Teradata by 12.4% during the 4th quarter. Ameriprise Financial Inc. now owns 5,450,428 shares of the technology company’s stock worth $169,756,000 after purchasing an additional 599,394 shares in the last quarter. AQR Capital Management LLC lifted its stake in Teradata by 17.2% in the 4th quarter. AQR Capital Management LLC now owns 2,839,658 shares of the technology company’s stock valued at $88,029,000 after purchasing an additional 416,585 shares during the last quarter. Finally, Arrowstreet Capital Limited Partnership boosted its position in Teradata by 470.0% in the fourth quarter. Arrowstreet Capital Limited Partnership now owns 495,539 shares of the technology company’s stock valued at $15,436,000 after buying an additional 408,595 shares in the last quarter. Institutional investors and hedge funds own 90.31% of the company’s stock.

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.