Teradata (NYSE:TDC) Hits New 52-Week Low – Here’s What Happened

Shares of Teradata Co. (NYSE:TDC) hit a new 52-week low during mid-day trading on Thursday . The stock traded as low as $21.39 and last traded at $21.58, with a volume of 345716 shares. The stock had previously closed at $22.93.

Analyst Upgrades and Downgrades

TDC has been the topic of several recent research reports. JMP Securities reiterated a “market perform” rating on shares of Teradata in a research report on Thursday, February 13th. Royal Bank of Canada reduced their price target on shares of Teradata from $32.00 to $29.00 and set a “sector perform” rating on the stock in a research report on Wednesday, February 12th. Guggenheim decreased their price target on shares of Teradata from $42.00 to $37.00 and set a “buy” rating on the stock in a research note on Wednesday, February 12th. Barclays cut their price objective on shares of Teradata from $30.00 to $25.00 and set an “underweight” rating for the company in a research note on Wednesday, February 12th. Finally, Evercore ISI decreased their target price on shares of Teradata from $37.00 to $32.00 and set an “outperform” rating on the stock in a research report on Wednesday, February 12th. Three equities research analysts have rated the stock with a sell rating, four have given a hold rating and four have assigned a buy rating to the company. According to MarketBeat, Teradata presently has a consensus rating of “Hold” and a consensus target price of $34.30.

Teradata Stock Performance

The business has a fifty day moving average of $25.33 and a 200-day moving average of $29.07. The company has a market cap of $1.89 billion, a PE ratio of 16.86, a P/E/G ratio of 6.23 and a beta of 0.87. The company has a current ratio of 0.81, a quick ratio of 0.79 and a debt-to-equity ratio of 3.65.

Teradata (NYSE:TDC) last posted its 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 net margin of 6.51% and a return on equity of 149.16%. Equities research analysts anticipate that Teradata Co. will post 1.31 earnings per share for the current fiscal year.

Institutional Inflows and Outflows

Institutional investors have recently made changes to their positions in the company. Point72 Asset Management L.P. purchased a new stake in Teradata in the third quarter worth $27,000. Independence Bank of Kentucky purchased a new stake in shares of Teradata in the 4th quarter worth about $37,000. Aster Capital Management DIFC Ltd increased its stake in shares of Teradata by 53.0% in the 4th quarter. Aster Capital Management DIFC Ltd now owns 1,567 shares of the technology company’s stock worth $49,000 after acquiring an additional 543 shares in the last quarter. Groupama Asset Managment purchased a new position in Teradata during the 3rd quarter valued at about $50,000. Finally, GAMMA Investing LLC boosted its stake in Teradata by 91.5% during the fourth quarter. GAMMA Investing LLC now owns 1,829 shares of the technology company’s stock worth $57,000 after acquiring an additional 874 shares in the last quarter. Institutional investors own 90.31% of the company’s stock.

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.