William Blair Reaffirms “Market Perform” Rating for Teradata Corp. (TDC)
A number of other brokerages have also recently issued reports on TDC. Barclays PLC cut Teradata Corp. from an equal weight rating to an underweight rating and reduced their price objective for the company from $28.00 to $23.00 in a research note on Wednesday, June 1st. TheStreet raised Teradata Corp. from a sell rating to a hold rating in a research note on Tuesday, August 2nd. Mizuho raised their price objective on Teradata Corp. from $24.00 to $28.00 and gave the company a neutral rating in a research note on Wednesday, August 3rd. Summit Redstone reaffirmed a hold rating on shares of Teradata Corp. in a research note on Tuesday, July 12th. Finally, Morgan Stanley reaffirmed a sell rating and set a $26.00 price objective on shares of Teradata Corp. in a research note on Wednesday, August 3rd. Five research analysts have rated the stock with a sell rating and fourteen have given a hold rating to the company. The stock presently has an average rating of Hold and an average price target of $26.50.
Shares of Teradata Corp. (NYSE:TDC) opened at 29.88 on Friday. The company has a 50-day moving average price of $31.15 and a 200-day moving average price of $27.79. The company has a market capitalization of $3.90 billion, a price-to-earnings ratio of 84.41 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 earnings results on Tuesday, August 2nd. The company reported $0.71 EPS for the quarter, beating the Zacks’ consensus estimate of $0.60 by $0.11. The business had revenue of $599 million for the quarter, compared to analysts’ expectations of $560.67 million. Teradata Corp. had a return on equity of 32.66% and a net margin of 5.55%. The firm’s revenue was down 3.9% on a year-over-year basis. During the same quarter in the prior year, the firm earned $0.53 earnings per share. On average, equities analysts anticipate that Teradata Corp. will post $2.44 EPS for the current year.
In other news, EVP Oliver Ratzesberger sold 2,015 shares of Teradata Corp. 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 completion of the transaction, the executive vice president now directly owns 37,468 shares in the company, valued at $1,184,738.16. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is available through the SEC website. Also, Director Nancy E. Cooper sold 1,840 shares of Teradata Corp. 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 of the company’s stock, valued at $1,091,976.42. The disclosure for this sale can be found here. Insiders own 2.64% of the company’s stock.
Several institutional investors have recently added to or reduced their stakes in TDC. Norges Bank acquired a new position in Teradata Corp. during the fourth quarter valued at about $47,241,000. Chevy Chase Trust Holdings Inc. raised its position in 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 during the last quarter. Fox Run Management L.L.C. acquired a new position in Teradata Corp. during the first quarter valued at about $283,000. Los Angeles Capital Management & Equity Research Inc. acquired a new position in Teradata Corp. during the first quarter valued at about $4,686,000. Finally, TIAA CREF Investment Management LLC raised its position in 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 during the last quarter. Hedge funds and other 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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