Teradata (NYSE:TDC) Reaches New 52-Week Low on Analyst Downgrade

Teradata Co. (NYSE:TDC)’s share price reached a new 52-week low during trading on Tuesday after Evercore ISI lowered their price target on the stock from $58.00 to $46.00. Evercore ISI currently has an outperform rating on the stock. Teradata traded as low as $31.61 and last traded at $32.76, with a volume of 583415 shares changing hands. The stock had previously closed at $37.96.

Several other equities research analysts 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. Royal Bank of Canada cut their price objective on Teradata from $48.00 to $44.00 and set a “sector perform” rating on the stock in a research report on Tuesday. Bank of America cut Teradata from a “neutral” rating to an “underperform” rating and lowered their target price for the stock from $48.00 to $39.00 in a research note on Tuesday. JMP Securities reduced their price target on Teradata from $72.00 to $60.00 and set a “market outperform” rating on the stock in a research report on Tuesday. Finally, Barclays lowered their price objective on Teradata from $39.00 to $35.00 and set an “underweight” rating for the company in a research report on Tuesday. Two investment analysts have rated the stock with a sell rating, three have issued a hold rating and six have given a buy rating to the stock. According to MarketBeat.com, the stock currently has an average rating of “Hold” and an average price target of $49.90.

Insiders Place Their Bets

In related news, CEO Stephen Mcmillan sold 40,597 shares of the business’s stock in a transaction on Thursday, February 22nd. The shares were sold at an average price of $38.22, for a total value of $1,551,617.34. Following the completion of the sale, the chief executive officer now directly owns 528,302 shares of the company’s stock, valued at $20,191,702.44. The sale was disclosed in a filing with the SEC, which is available through this hyperlink. In other Teradata news, CEO Stephen Mcmillan sold 40,597 shares of Teradata stock in a transaction that occurred on Thursday, February 22nd. The stock was 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 owns 528,302 shares of the company’s stock, valued at $20,191,702.44. The transaction was disclosed in a filing with the SEC, which is available at this link. Also, insider Hillary Ashton sold 9,743 shares of the 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 of the company’s stock, valued at $5,868,564.80. The disclosure for this sale can be found here. Over the last quarter, insiders have sold 76,615 shares of company stock valued at $2,903,644. 0.86% of the stock is owned by corporate insiders.

Institutional Investors Weigh In On Teradata

A number of institutional investors and hedge funds have recently made changes to their positions in TDC. Zurcher Kantonalbank Zurich Cantonalbank raised its stake in shares of Teradata by 12.5% during the 3rd quarter. Zurcher Kantonalbank Zurich Cantonalbank now owns 21,222 shares of the technology company’s stock worth $955,000 after buying an additional 2,352 shares during the last quarter. Mackenzie Financial Corp grew its position in shares of Teradata by 102.2% in the third quarter. Mackenzie Financial Corp now owns 146,454 shares of the technology company’s stock valued at $6,443,000 after purchasing an additional 74,036 shares during the last quarter. Strs Ohio increased its stake in shares of Teradata by 18.8% during the 3rd quarter. Strs Ohio now owns 25,193 shares of the technology company’s stock worth $1,134,000 after purchasing an additional 3,990 shares in the last quarter. Mirae Asset Global Investments Co. Ltd. raised its position in shares of Teradata by 25.2% during the 3rd quarter. Mirae Asset Global Investments Co. Ltd. now owns 33,320 shares of the technology company’s stock worth $1,500,000 after purchasing an additional 6,710 shares during the last quarter. Finally, Portside Wealth Group LLC lifted its stake in Teradata by 2.3% in the 3rd quarter. Portside Wealth Group LLC now owns 19,037 shares of the technology company’s stock valued at $856,000 after buying an additional 431 shares in the last quarter. 90.31% of the stock is owned by hedge funds and other institutional investors.

Teradata Trading Down 13.8 %

The stock has a market cap of $3.20 billion, a price-to-earnings ratio of 53.64, a PEG ratio of 1.64 and a beta of 0.95. The business has a fifty day simple moving average of $37.66 and a 200 day simple moving average of $42.21. The company has a debt-to-equity ratio of 4.02, a quick ratio of 0.86 and a current ratio of 0.87.

Teradata (NYSE:TDC) last posted its quarterly earnings data 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 return on equity of 58.25% and a net margin of 3.38%. The firm had revenue of $465.00 million during the quarter, compared to analysts’ expectations of $461.93 million. During the same quarter last year, the business posted $0.40 EPS. The firm’s quarterly revenue was down 2.3% compared to the same quarter last year. As a group, equities analysts anticipate that Teradata Co. will post 1.27 EPS for the current year.

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.