Teradata (NYSE:TDC) Issues Earnings Results, Beats Expectations By $0.05 EPS

Teradata (NYSE:TDCGet Free Report) released its quarterly earnings results on Monday. The technology company reported $0.56 EPS for the quarter, beating analysts’ consensus estimates of $0.51 by $0.05, Briefing.com reports. Teradata had a return on equity of 39.28% and a net margin of 3.39%. The business had revenue of $457.00 million during the quarter, compared to analyst estimates of $455.84 million. During the same quarter in the prior year, the company posted $0.05 EPS. Teradata’s quarterly revenue was up 1.1% compared to the same quarter last year. Teradata updated its Q1 guidance to $0.53-0.57 EPS and its FY24 guidance to $2.15-2.31 EPS.

Teradata Trading Down 0.4 %

Shares of Teradata stock traded down $0.20 during trading hours on Monday, hitting $48.79. The company’s stock had a trading volume of 1,375,711 shares, compared to its average volume of 773,625. The stock has a market cap of $4.77 billion, a price-to-earnings ratio of 79.98, a P/E/G ratio of 1.91 and a beta of 1.01. Teradata has a twelve month low of $36.32 and a twelve month high of $57.73. The firm has a fifty day moving average of $45.55 and a 200-day moving average of $45.87. The company has a debt-to-equity ratio of 4.56, a quick ratio of 0.82 and a current ratio of 0.83.

Analyst Ratings Changes

A number of research firms have commented on TDC. StockNews.com raised shares of Teradata from a “buy” rating to a “strong-buy” rating in a research report on Sunday, November 5th. Citigroup boosted their price target on Teradata from $57.00 to $60.00 and gave the company a “buy” rating in a research note on Monday. One analyst has rated the stock with a sell rating, two have assigned a hold rating, six have assigned a buy rating and one has given a strong buy rating to the company’s stock. According to data from MarketBeat, the company currently has a consensus rating of “Moderate Buy” and a consensus target price of $57.44.

View Our Latest Stock Analysis on TDC

Insider Buying and Selling

In related news, insider Margaret A. Treese sold 9,148 shares of the business’s stock in a transaction on Tuesday, November 14th. The stock was sold at an average price of $47.36, for a total transaction of $433,249.28. Following the completion of the transaction, the insider now directly owns 79,801 shares of the company’s stock, valued at approximately $3,779,375.36. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is available at the SEC website. In related news, CRO Todd Cione sold 29,251 shares of the stock in a transaction on Monday, January 8th. The shares were sold at an average price of $43.31, for a total transaction of $1,266,860.81. Following the completion of the sale, the executive now owns 76,221 shares in the company, valued at approximately $3,301,131.51. The sale was disclosed in a document filed with the SEC, which can be accessed through the SEC website. Also, insider Margaret A. Treese sold 9,148 shares of the firm’s stock in a transaction on Tuesday, November 14th. The stock was sold at an average price of $47.36, for a total transaction of $433,249.28. Following the completion of the sale, the insider now owns 79,801 shares of the company’s stock, valued at approximately $3,779,375.36. The disclosure for this sale can be found here. 0.90% of the stock is currently owned by corporate insiders.

Institutional Trading of Teradata

Several institutional investors and hedge funds have recently made changes to their positions in TDC. International Assets Investment Management LLC lifted its position in shares of Teradata by 173.0% during the fourth quarter. International Assets Investment Management LLC now owns 1,914 shares of the technology company’s stock worth $83,000 after purchasing an additional 1,213 shares during the last quarter. Comerica Bank acquired a new position in Teradata in the 3rd quarter worth approximately $1,912,000. Jacobs Levy Equity Management Inc. acquired a new position in shares of Teradata during the 3rd quarter valued at about $2,981,000. Creative Planning boosted its position in Teradata by 2.5% during the third quarter. Creative Planning now owns 12,347 shares of the technology company’s stock worth $556,000 after purchasing an additional 307 shares during the period. Finally, Public Employees Retirement System of Ohio grew its holdings in Teradata by 3.8% during the third quarter. Public Employees Retirement System of Ohio now owns 90,147 shares of the technology company’s stock valued at $4,058,000 after purchasing an additional 3,330 shares during the last quarter. 91.02% of the stock is currently owned by hedge funds and other institutional investors.

Teradata Company Profile

(Get Free Report)

Teradata Corporation, together with its subsidiaries, provides a connected multi-cloud data platform for enterprise analytics. The company offers Teradata Vantage, a data platform that allows companies to leverage their data across an enterprise, as well as connects various sources of data to drive ecosystem simplification and support customers on their journey to the cloud through an integrated migration.

Further Reading

Earnings History for Teradata (NYSE:TDC)

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