Teradata Corp. (TDC) Rating Reiterated by Cowen and Company
Cowen and Company reiterated their market perform rating on shares of Teradata Corp. (NYSE:TDC) in a research report report published on Tuesday. Cowen and Company currently has a $32.00 price target on the stock.
TDC has been the subject of several other reports. Zacks Investment Research upgraded shares of Teradata Corp. from a sell rating to a hold rating in a research report on Monday, August 8th. Barclays PLC lowered shares of Teradata Corp. from an equal weight rating to an underweight rating and cut their price target for the company from $28.00 to $23.00 in a research report on Wednesday, June 1st. Morgan Stanley restated a sell rating and set a $26.00 price target on shares of Teradata Corp. in a research report on Wednesday, August 3rd. Mizuho upped their price target on shares of Teradata Corp. from $24.00 to $28.00 and gave the company a neutral rating in a research report on Wednesday, August 3rd. Finally, Summit Redstone restated a hold rating on shares of Teradata Corp. in a research report on Tuesday, July 12th. Five investment analysts have rated the stock with a sell rating and fourteen have assigned a hold rating to the company’s stock. Teradata Corp. currently has an average rating of Hold and an average target price of $26.50.
Shares of Teradata Corp. (NYSE:TDC) opened at 29.63 on Tuesday. Teradata Corp. has a 52 week low of $21.98 and a 52 week high of $33.09. The firm has a market capitalization of $3.86 billion, a P/E ratio of 83.70 and a beta of 1.16. The stock has a 50 day moving average price of $30.96 and a 200 day moving average price of $27.65.
Teradata Corp. (NYSE:TDC) last posted its quarterly earnings results on Tuesday, August 2nd. The company reported $0.71 earnings per share (EPS) for the quarter, beating the consensus estimate of $0.60 by $0.11. Teradata Corp. had a net margin of 5.55% and a return on equity of 32.66%. The business earned $599 million during the quarter, compared to analyst estimates of $560.67 million. During the same period in the prior year, the business posted $0.53 earnings per share. The company’s revenue was down 3.9% on a year-over-year basis. Analysts forecast that Teradata Corp. will post $2.44 EPS for the current year.
In other Teradata Corp. news, Director Nancy E. Cooper sold 1,840 shares of the firm’s stock in a transaction that occurred on Thursday, August 4th. The shares were sold at an average price of $31.06, for a total transaction of $57,150.40. Following the completion of the transaction, the director now owns 35,157 shares of the company’s stock, valued at $1,091,976.42. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is available through the SEC website. Also, EVP Oliver Ratzesberger sold 2,015 shares of the firm’s stock in a transaction that occurred on Friday, September 2nd. The shares were sold at an average price of $31.62, for a total transaction of $63,714.30. Following the transaction, the executive vice president now directly 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. Company insiders own 2.64% of the company’s stock.
Several institutional investors have recently made changes to their positions in the stock. Fuller & Thaler Asset Management Inc. acquired a new position in shares of Teradata Corp. during the second quarter worth $104,000. Assetmark Inc. boosted its stake in Teradata Corp. by 4,059.4% in the second quarter. Assetmark Inc. now owns 4,201 shares of the company’s stock worth $105,000 after buying an additional 4,100 shares during the last quarter. NN Investment Partners Holdings N.V. purchased a new stake in Teradata Corp. during the first quarter worth approximately $136,000. Creative Planning boosted its stake in Teradata Corp. by 1.4% in the second quarter. Creative Planning now owns 5,965 shares of the company’s stock worth $150,000 after buying an additional 82 shares during the last quarter. Finally, Paradigm Asset Management Co. LLC boosted its stake in Teradata Corp. by 17.5% in the second quarter. Paradigm Asset Management Co. LLC now owns 7,700 shares of the company’s stock worth $193,000 after buying an additional 1,146 shares during the last quarter. 99.60% of the stock is owned by institutional investors and hedge funds.
Teradata Corp. Company Profile
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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