Teradata (NYSE:TDC) Stock Price Expected to Rise, Barclays Analyst Says

Teradata (NYSE:TDC) had its price target upped by research analysts at Barclays from $29.00 to $30.00 in a research report issued to clients and investors on Friday,Benzinga reports. The firm currently has an “underweight” rating on the technology company’s stock. Barclays‘s target price points to a potential downside of 6.75% from the company’s current price.

Other research analysts have also recently issued research reports about the company. Royal Bank of Canada reiterated a “sector perform” rating and set a $32.00 price objective on shares of Teradata in a research note on Tuesday, November 5th. Evercore ISI raised their target price on shares of Teradata from $34.00 to $37.00 and gave the company an “outperform” rating in a report on Tuesday, October 15th. UBS Group boosted their target price on shares of Teradata from $24.00 to $26.00 and gave the stock a “sell” rating in a report on Tuesday, November 5th. Finally, Northland Securities reduced their price objective on Teradata from $38.00 to $37.00 and set an “outperform” rating on the stock in a research note on Tuesday, November 5th. 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 assigned a strong buy rating to the stock. According to MarketBeat, the company currently has an average rating of “Hold” and a consensus target price of $40.00.

Teradata Stock Down 0.5 %

TDC stock traded down $0.16 during midday trading on Friday, hitting $32.17. The stock had a trading volume of 217,438 shares, compared to its average volume of 936,909. The business has a 50-day moving average of $30.94 and a two-hundred day moving average of $30.90. The company has a debt-to-equity ratio of 4.01, a current ratio of 0.80 and a quick ratio of 0.79. The firm has a market cap of $3.08 billion, a price-to-earnings ratio of 38.27, a price-to-earnings-growth ratio of 3.11 and a beta of 0.79. Teradata has a 52-week low of $24.02 and a 52-week high of $49.44.

Teradata (NYSE:TDC) last issued its quarterly earnings results on Monday, November 4th. The technology company reported $0.69 earnings per share (EPS) for the quarter, topping the consensus estimate of $0.56 by $0.13. The company had revenue of $440.00 million during the quarter, compared to analyst estimates of $417.71 million. Teradata had a net margin of 4.56% and a return on equity of 145.40%. Teradata’s quarterly revenue was up .5% compared to the same quarter last year. During the same period last year, the business earned $0.14 EPS. As a group, equities research analysts forecast that Teradata will post 1.41 earnings per share for the current fiscal year.

Insider Activity

In other Teradata news, insider Hillary Ashton sold 14,962 shares of Teradata 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 sale, the insider now directly owns 121,382 shares of the company’s stock, valued at $3,341,646.46. The trade was a 10.97 % decrease in their position. The sale was disclosed in a document filed with the SEC, which is available at this hyperlink. Insiders own 0.92% of the company’s stock.

Institutional Trading of Teradata

Institutional investors and hedge funds have recently made changes to their positions in the company. Algert Global LLC increased its position in Teradata by 46.3% during the 3rd quarter. Algert Global LLC now owns 113,106 shares of the technology company’s stock valued at $3,432,000 after purchasing an additional 35,800 shares during the period. SG Americas Securities LLC increased its holdings in shares of Teradata by 114.7% in the 2nd quarter. SG Americas Securities LLC now owns 56,346 shares of the technology company’s stock valued at $1,947,000 after acquiring an additional 30,096 shares during the period. Pacer Advisors Inc. raised its position in shares of Teradata by 21.7% in the 3rd quarter. Pacer Advisors Inc. now owns 2,071,302 shares of the technology company’s stock worth $62,843,000 after acquiring an additional 369,123 shares in the last quarter. Assenagon Asset Management S.A. lifted its stake in shares of Teradata by 85.2% during the 2nd quarter. Assenagon Asset Management S.A. now owns 47,866 shares of the technology company’s stock worth $1,654,000 after purchasing an additional 22,027 shares during the last quarter. Finally, John G Ullman & Associates Inc. boosted its position in Teradata by 46.8% during the third quarter. John G Ullman & Associates Inc. now owns 144,850 shares of the technology company’s stock valued at $4,395,000 after purchasing an additional 46,200 shares in the last quarter. 90.31% of the stock is currently owned by institutional investors.

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.