Share Repurchase Plan Authorized by Teradata (TDC) Board of Directors
Teradata (NYSE:TDC) announced that its Board of Directors has authorized a stock repurchase plan, which allows the company to buyback $310.00 million in outstanding shares on Thursday, February 8th, EventVestor reports. This buyback authorization allows the technology company to buy shares of its stock through open market purchases. Shares buyback plans are generally a sign that the company’s board of directors believes its shares are undervalued.
Shares of Teradata (NYSE:TDC) opened at $36.22 on Wednesday. Teradata has a 12 month low of $27.05 and a 12 month high of $42.74. The company has a quick ratio of 1.62, a current ratio of 1.65 and a debt-to-equity ratio of 0.72. The company has a market capitalization of $4,360.00, a price-to-earnings ratio of -65.85, a PEG ratio of 12.54 and a beta of 1.23.
Teradata (NYSE:TDC) last posted its quarterly earnings data on Thursday, February 8th. The technology company reported $0.58 EPS for the quarter, topping the Zacks’ consensus estimate of $0.40 by $0.18. Teradata had a positive return on equity of 15.54% and a negative net margin of 3.11%. The company had revenue of $626.00 million for the quarter, compared to the consensus estimate of $610.50 million. During the same quarter in the previous year, the business earned $0.67 EPS. The company’s quarterly revenue was up .0% compared to the same quarter last year. research analysts forecast that Teradata will post 0.93 earnings per share for the current fiscal year.
In related news, CFO Mark Culhane bought 4,500 shares of the business’s stock in a transaction dated Friday, December 1st. The shares were bought at an average cost of $37.66 per share, with a total value of $169,470.00. Following the completion of the transaction, the chief financial officer now directly owns 29,924 shares of the company’s stock, valued at $1,126,937.84. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is available through this hyperlink. 1.73% of the stock is owned by insiders.
Teradata Corporation is a provider of analytic data platforms, analytic applications and related services. The Company’s segments include Americas region (North America and Latin America) and International region (Europe, Middle East, Africa, Asia Pacific and Japan). Its offerings include analytics solutions, ecosystem architecture consulting and hybrid cloud solutions.
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