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.

Several analysts have weighed in on the company. Zacks Investment Research downgraded Teradata from a “hold” rating to a “sell” rating in a research note on Monday. Bank of America cut their target price on Teradata from $48.00 to $45.00 and set a “buy” rating on the stock in a research note on Friday, February 9th. Wells Fargo & Co boosted their price objective on Teradata from $27.50 to $30.00 and gave the stock an “underperform” rating in a research note on Friday, February 9th. BMO Capital Markets boosted their price objective on Teradata from $40.00 to $42.00 and gave the stock a “market perform” rating in a research note on Friday, February 9th. Finally, Cowen raised Teradata from a “market perform” rating to an “outperform” rating in a research note on Friday, February 2nd. Five analysts have rated the stock with a sell rating, eight have assigned a hold rating and three have given a buy rating to the stock. The company currently has an average rating of “Hold” and an average target price of $34.82.

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.

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About Teradata

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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