Teradata Corp. (TDC) Rating Reiterated by Cowen and Company
Cowen and Company reissued their market perform rating on shares of Teradata Corp. (NYSE:TDC) in a research note released on Tuesday morning. The firm currently has a $32.00 target price on the stock.
Other equities analysts have also recently issued reports about the stock. Credit Agricole SA reaffirmed an underperform rating on shares of Teradata Corp. in a research note on Monday, August 15th. Summit Redstone reaffirmed a hold rating on shares of Teradata Corp. in a research note on Tuesday, July 12th. TheStreet raised shares of Teradata Corp. from a sell rating to a hold rating in a research note on Tuesday, August 2nd. Barclays PLC cut shares of Teradata Corp. from an equal weight rating to an underweight rating and lowered their price objective for the company from $28.00 to $23.00 in a research report on Wednesday, June 1st. Finally, Zacks Investment Research raised shares of Teradata Corp. from a sell rating to a hold rating in a research report on Monday, August 8th. Five analysts have rated the stock with a sell rating and fourteen have assigned a hold rating to the company. The stock presently has a consensus rating of Hold and a consensus target price of $26.50.
Shares of Teradata Corp. (NYSE:TDC) opened at 29.63 on Tuesday. The stock’s 50 day moving average is $30.96 and its 200-day moving average is $27.65. The stock has a market cap of $3.86 billion, a PE ratio of 83.70 and a beta of 1.16. Teradata Corp. has a 12-month low of $21.98 and a 12-month high of $33.09.
Teradata Corp. (NYSE:TDC) last released its quarterly earnings results on Tuesday, August 2nd. The company reported $0.71 EPS for the quarter, topping analysts’ consensus estimates of $0.60 by $0.11. Teradata Corp. had a net margin of 5.55% and a return on equity of 32.66%. The firm earned $599 million during the quarter, compared to analysts’ expectations of $560.67 million. During the same period in the previous year, the company earned $0.53 EPS. The firm’s revenue for the quarter was down 3.9% compared to the same quarter last year. Equities analysts expect 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 company’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 transaction, the director now owns 35,157 shares in the company, valued at approximately $1,091,976.42. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is available at the SEC website. Also, EVP Oliver Ratzesberger sold 2,015 shares of the company’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 owns 37,468 shares in the company, 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.
Hedge funds and other institutional investors have recently modified their holdings of the stock. Fuller & Thaler Asset Management Inc. bought a new position in shares of Teradata Corp. during the second quarter worth about $104,000. Assetmark Inc. raised its position in shares of 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. bought a new position in shares of Teradata Corp. during the first quarter worth about $136,000. Creative Planning raised its position in shares of 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 raised its position in shares of 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. Institutional investors and hedge funds own 99.60% 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.
Receive News & Ratings for Teradata Corp. Daily - Enter your email address below to receive a concise daily summary of the latest news and analysts' ratings for Teradata Corp. and related companies with Analyst Ratings Network's FREE daily email newsletter.