TDC has been the subject of a number of other research reports. Zacks Investment Research downgraded shares of Teradata Corp. from a hold rating to a sell rating in a report on Tuesday, July 5th. Mizuho reissued a neutral rating and issued a $28.00 price objective on shares of Teradata Corp. in a report on Tuesday, August 23rd. Cowen and Company initiated coverage on shares of Teradata Corp. in a research report on Thursday, June 23rd. They issued a market perform rating and a $30.00 target price for the company. Morgan Stanley restated a sell rating and issued a $26.00 target price on shares of Teradata Corp. in a research report on Wednesday, August 3rd. Finally, Deutsche Bank AG boosted their target price on shares of Teradata Corp. from $26.00 to $28.00 and gave the company a hold rating in a research report on Wednesday, August 3rd. Five research analysts have rated the stock with a sell rating and fourteen have issued a hold rating to the company. Teradata Corp. currently has a consensus rating of Hold and an average target price of $26.50.
Teradata Corp. (NYSE:TDC) opened at 30.34 on Friday. The company has a market capitalization of $3.96 billion, a PE ratio of 85.71 and a beta of 1.16. Teradata Corp. has a 52 week low of $21.98 and a 52 week high of $33.09. The firm has a 50-day moving average of $31.17 and a 200-day moving average of $27.81.
Teradata Corp. (NYSE:TDC) last posted its quarterly earnings data on Tuesday, August 2nd. The company reported $0.71 earnings per share (EPS) for the quarter, beating the Zacks’ consensus estimate of $0.60 by $0.11. The firm earned $599 million during the quarter, compared to the consensus estimate of $560.67 million. Teradata Corp. had a net margin of 5.55% and a return on equity of 32.66%. The business’s revenue for the quarter was down 3.9% compared to the same quarter last year. During the same quarter in the previous year, the firm posted $0.53 EPS. Equities analysts expect that Teradata Corp. will post $2.44 earnings per share for the current fiscal year.
In other news, Director Nancy E. Cooper sold 1,840 shares of the stock in a transaction dated Thursday, August 4th. The shares were sold at an average price of $31.06, for a total value of $57,150.40. Following the completion of the sale, the director now owns 35,157 shares in the company, valued at $1,091,976.42. The sale was disclosed in a filing with the SEC, which is accessible through the SEC website. Also, EVP Oliver Ratzesberger sold 2,015 shares of the stock in a transaction dated Friday, September 2nd. The shares were sold at an average price of $31.62, for a total transaction of $63,714.30. Following the completion of the sale, the executive vice president now owns 37,468 shares of the company’s stock, valued at approximately $1,184,738.16. The disclosure for this sale can be found here. 2.64% of the stock is currently owned by insiders.
Hedge funds have recently made changes to their positions in the stock. Norges Bank purchased a new stake in shares of Teradata Corp. during the fourth quarter valued at approximately $47,241,000. Chevy Chase Trust Holdings Inc. increased its stake in shares of Teradata Corp. by 4.3% in the first quarter. Chevy Chase Trust Holdings Inc. now owns 112,222 shares of the company’s stock valued at $2,945,000 after buying an additional 4,648 shares in the last quarter. Fox Run Management L.L.C. purchased a new stake in shares of Teradata Corp. during the first quarter valued at approximately $283,000. Los Angeles Capital Management & Equity Research Inc. purchased a new stake in shares of Teradata Corp. during the first quarter valued at approximately $4,686,000. Finally, TIAA CREF Investment Management LLC increased its stake in shares of Teradata Corp. by 127.3% in the first quarter. TIAA CREF Investment Management LLC now owns 1,705,369 shares of the company’s stock valued at $44,749,000 after buying an additional 955,137 shares in the last quarter. Institutional investors own 99.45% of the company’s stock.
About Teradata Corp.
Teradata Corporation (Teradata) is a provider of analytic data platforms, marketing and analytic applications, and related services. The Company’s analytic data platforms consist of software, hardware and related business consulting and support services for data warehousing, and big data analytics. It operates in two segments: data and analytics, and marketing applications.
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