Teradata (NYSE:TDC) Given New $44.00 Price Target at Royal Bank of Canada

Teradata (NYSE:TDC) had its price target cut by Royal Bank of Canada from $48.00 to $44.00 in a research note released on Tuesday, Benzinga reports. They currently have a sector perform rating on the technology company’s stock.

Several other research firms also recently weighed in on TDC. StockNews.com downgraded shares of Teradata from a strong-buy rating to a buy rating in a research note on Friday, April 12th. Barclays lowered their target price on shares of Teradata from $39.00 to $35.00 and set an underweight rating on the stock in a report on Tuesday. Morgan Stanley lowered Teradata from an overweight rating to an equal weight rating and cut their price target for the stock from $74.00 to $48.00 in a report on Tuesday, February 13th. Bank of America lowered Teradata from a neutral rating to an underperform rating and decreased their price objective for the company from $48.00 to $39.00 in a research note on Tuesday. Finally, Citigroup raised their target price on Teradata from $57.00 to $60.00 and gave the stock a buy rating in a research note on Monday, February 12th. Two equities research analysts have rated the stock with a sell rating, three have given a hold rating and six have assigned a buy rating to the company. Based on data from MarketBeat.com, the company presently has a consensus rating of Hold and a consensus price target of $49.90.

Teradata Stock Performance

Shares of TDC stock opened at $32.72 on Tuesday. The company has a debt-to-equity ratio of 4.02, a quick ratio of 0.86 and a current ratio of 0.87. The firm has a market cap of $3.20 billion, a price-to-earnings ratio of 53.64, a P/E/G ratio of 1.64 and a beta of 0.95. Teradata has a 52 week low of $31.61 and a 52 week high of $57.73. The firm’s 50-day simple moving average is $37.66 and its two-hundred day simple moving average is $42.21.

Teradata (NYSE:TDC) last posted its quarterly earnings results on Monday, May 6th. The technology company reported $0.57 EPS for the quarter, topping analysts’ consensus estimates of $0.55 by $0.02. Teradata had a net margin of 3.38% and a return on equity of 58.25%. The company had revenue of $465.00 million for the quarter, compared to analysts’ expectations of $461.93 million. During the same quarter in the previous year, the firm posted $0.40 EPS. Teradata’s revenue was down 2.3% on a year-over-year basis. As a group, equities analysts forecast that Teradata will post 1.27 earnings per share for the current year.

Insider Buying and Selling

In other Teradata news, insider Hillary Ashton sold 9,743 shares of Teradata stock in a transaction dated Friday, March 1st. The stock was sold at an average price of $37.45, for a total transaction of $364,875.35. Following the completion of the sale, the insider now owns 156,704 shares of the company’s stock, valued at $5,868,564.80. The sale was disclosed in a filing with the SEC, which is available at the SEC website. In other news, insider Hillary Ashton sold 9,743 shares of the business’s stock in a transaction that occurred on Friday, March 1st. The shares were sold at an average price of $37.45, for a total value of $364,875.35. Following the completion of the sale, the insider now directly owns 156,704 shares in the company, valued at approximately $5,868,564.80. The sale was disclosed in a document filed with the SEC, which is available at this hyperlink. Also, CEO Stephen Mcmillan sold 40,597 shares of the stock in a transaction on Thursday, February 22nd. The shares were sold at an average price of $38.22, for a total transaction of $1,551,617.34. Following the transaction, the chief executive officer now directly owns 528,302 shares in the company, valued at approximately $20,191,702.44. The disclosure for this sale can be found here. Over the last ninety days, insiders sold 76,615 shares of company stock worth $2,903,644. Corporate insiders own 0.86% of the company’s stock.

Hedge Funds Weigh In On Teradata

Several institutional investors and hedge funds have recently bought and sold shares of TDC. Norges Bank purchased a new position in shares of Teradata in the fourth quarter worth $54,332,000. Federated Hermes Inc. raised its stake in shares of Teradata by 616.4% during the fourth quarter. Federated Hermes Inc. now owns 617,653 shares of the technology company’s stock valued at $26,874,000 after acquiring an additional 531,440 shares during the last quarter. Vanguard Group Inc. boosted its holdings in shares of Teradata by 4.4% during the third quarter. Vanguard Group Inc. now owns 11,671,512 shares of the technology company’s stock worth $525,451,000 after purchasing an additional 496,702 shares during the period. American Century Companies Inc. grew its stake in shares of Teradata by 21.2% in the third quarter. American Century Companies Inc. now owns 2,585,939 shares of the technology company’s stock worth $116,419,000 after purchasing an additional 451,816 shares during the last quarter. Finally, Invesco Ltd. increased its holdings in Teradata by 124.5% during the 3rd quarter. Invesco Ltd. now owns 594,626 shares of the technology company’s stock valued at $26,770,000 after purchasing an additional 329,808 shares during the period. 90.31% of the stock is currently 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.