Royal Bank of Canada Reiterates “Sector Perform” Rating for Teradata (NYSE:TDC)

Royal Bank of Canada restated their sector perform rating on shares of Teradata (NYSE:TDC) in a research report released on Tuesday morning, Benzinga reports. The brokerage currently has a $32.00 target price on the technology company’s stock.

Several other equities research analysts have also recently commented on the company. UBS Group began coverage on Teradata in a research note on Friday, July 19th. They issued a “sell” rating and a $32.00 price target for the company. 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. Morgan Stanley decreased their price objective on shares of Teradata from $44.00 to $30.00 and set an “equal weight” rating for the company in a report on Tuesday, August 6th. Barclays cut their target price on Teradata from $30.00 to $29.00 and set an “underweight” rating on the stock in a report on Tuesday. Finally, Evercore ISI upped their price target on Teradata from $34.00 to $37.00 and gave the stock an “outperform” rating in a research note on Tuesday, October 15th. Three investment analysts have rated the stock with a sell rating, four have given a hold rating, four have issued a buy rating and one has issued a strong buy rating to the company’s stock. Based on data from MarketBeat.com, Teradata presently has an average rating of “Hold” and an average price target of $39.91.

Teradata Trading Down 14.7 %

NYSE:TDC opened at $28.47 on Tuesday. The stock has a market cap of $2.74 billion, a PE ratio of 33.89, a price-to-earnings-growth ratio of 3.10 and a beta of 0.80. Teradata has a fifty-two week low of $24.02 and a fifty-two week high of $49.44. The company has a debt-to-equity ratio of 6.87, a current ratio of 0.75 and a quick ratio of 0.72. The stock’s 50-day moving average is $30.06 and its two-hundred day moving average is $31.69.

Teradata (NYSE:TDC) last released its quarterly earnings data on Monday, November 4th. The technology company reported $0.69 earnings per share for the quarter, beating the consensus estimate of $0.56 by $0.13. The firm had revenue of $440.00 million for the quarter, compared to analyst estimates of $417.71 million. Teradata had a net margin of 4.56% and a return on equity of 160.68%. The company’s revenue for the quarter was up .5% compared to the same quarter last year. During the same quarter in the prior year, the business earned $0.14 EPS. As a group, equities research analysts forecast that Teradata will post 1.3 earnings per share for the current fiscal year.

Insider Activity at Teradata

In other Teradata news, insider Margaret A. Treese sold 5,500 shares of the firm’s stock in a transaction on Thursday, August 29th. The shares were sold at an average price of $28.50, for a total value of $156,750.00. Following the sale, 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 position. The transaction was disclosed in a document filed with the SEC, which is available at the SEC website. In other Teradata news, insider Margaret A. Treese sold 5,500 shares of the firm’s 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 completion of the sale, the insider now 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 sale was disclosed in a legal filing with the Securities & Exchange Commission, which can be accessed through the SEC website. Also, insider Hillary Ashton sold 14,962 shares of the business’s stock in a transaction that occurred on Tuesday, September 10th. The shares were sold at an average price of $27.53, for a total value of $411,903.86. Following the sale, the insider now owns 121,382 shares in the company, valued at approximately $3,341,646.46. This represents a 0.00 % decrease in their ownership of the stock. The disclosure for this sale can be found here. Corporate insiders own 0.86% of the company’s stock.

Hedge Funds Weigh In On Teradata

A number of hedge funds and other institutional investors have recently made changes to their positions in the business. Crewe Advisors LLC bought a new position in Teradata during the second quarter worth about $26,000. GAMMA Investing LLC lifted its position in shares of Teradata by 88.0% during the 3rd quarter. GAMMA Investing LLC now owns 955 shares of the technology company’s stock worth $29,000 after buying an additional 447 shares during the period. Hexagon Capital Partners LLC boosted its stake in Teradata by 111.4% in the 2nd quarter. Hexagon Capital Partners LLC now owns 962 shares of the technology company’s stock valued at $33,000 after buying an additional 507 shares in the last quarter. Allworth Financial LP grew its position in Teradata by 75.2% in the third quarter. Allworth Financial LP now owns 1,326 shares of the technology company’s stock valued at $40,000 after acquiring an additional 569 shares during the period. Finally, International Assets Investment Management LLC raised its stake in Teradata by 2,934.1% during the third quarter. International Assets Investment Management LLC now owns 1,335 shares of the technology company’s stock worth $44,000 after acquiring an additional 1,291 shares in the last quarter. 90.31% of the stock is owned by institutional investors.

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.