Teradata (NYSE:TDC) Price Target Raised to $30.00

Teradata (NYSE:TDC) had its price objective hoisted by Barclays from $29.00 to $30.00 in a research report report published on Friday morning,Benzinga reports. They currently have an underweight rating on the technology company’s stock.

A number of other analysts also recently issued reports on the company. Northland Securities dropped their price target on Teradata from $38.00 to $37.00 and set an “outperform” rating for the company in a research report on Tuesday, November 5th. Royal Bank of Canada reiterated a “sector perform” rating and set a $32.00 target price on shares of Teradata in a research report on Tuesday, November 5th. Evercore ISI increased their price target on shares of Teradata from $34.00 to $37.00 and gave the stock an “outperform” rating in a report on Tuesday, October 15th. Finally, UBS Group raised their price objective on shares of Teradata from $24.00 to $26.00 and gave the company a “sell” rating in a research report on Tuesday, November 5th. Three analysts have rated the stock with a sell rating, four have given a hold rating, four have assigned a buy rating and one has assigned a strong buy rating to the company’s stock. According to MarketBeat.com, the stock presently has an average rating of “Hold” and an average target price of $40.00.

Teradata Price Performance

TDC stock opened at $32.11 on Friday. The firm has a 50 day moving average of $30.98 and a 200-day moving average of $30.86. The company has a current ratio of 0.80, a quick ratio of 0.79 and a debt-to-equity ratio of 4.01. The firm has a market capitalization of $3.07 billion, a P/E ratio of 38.23, a price-to-earnings-growth ratio of 3.13 and a beta of 0.79. Teradata has a 12 month low of $24.02 and a 12 month high of $49.44.

Teradata (NYSE:TDC) last released its quarterly earnings results on Monday, November 4th. The technology company reported $0.69 earnings per share for the quarter, topping the consensus estimate of $0.56 by $0.13. The firm had revenue of $440.00 million for the quarter, compared to analysts’ expectations of $417.71 million. Teradata had a net margin of 4.56% and a return on equity of 145.40%. The business’s quarterly revenue was up .5% on a year-over-year basis. During the same quarter in the prior year, the firm posted $0.14 earnings per share. As a group, sell-side analysts predict that Teradata will post 1.41 earnings per share for the current fiscal year.

Insider Transactions at Teradata

In other Teradata news, insider Hillary Ashton sold 14,962 shares of Teradata stock in a transaction that occurred on Tuesday, September 10th. The stock was sold at an average price of $27.53, for a total value of $411,903.86. Following the transaction, the insider now directly owns 121,382 shares of the company’s stock, valued at $3,341,646.46. The trade was a 10.97 % decrease in their position. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is available at the SEC website. Company insiders own 0.92% of the company’s stock.

Institutional Inflows and Outflows

Several institutional investors and hedge funds have recently made changes to their positions in the company. Retirement Systems of Alabama increased its position in shares of Teradata by 15.9% in the third quarter. Retirement Systems of Alabama now owns 704,163 shares of the technology company’s stock valued at $21,364,000 after acquiring an additional 96,341 shares during the period. Franklin Resources Inc. raised its position in Teradata by 21.4% during the 3rd quarter. Franklin Resources Inc. now owns 127,029 shares of the technology company’s stock valued at $4,029,000 after purchasing an additional 22,359 shares during the last quarter. Sanctuary Advisors LLC purchased a new stake in Teradata in the 3rd quarter worth approximately $431,000. Geode Capital Management LLC grew its position in shares of Teradata by 0.5% in the 3rd quarter. Geode Capital Management LLC now owns 1,685,317 shares of the technology company’s stock worth $51,145,000 after buying an additional 8,289 shares during the last quarter. Finally, M&T Bank Corp increased its stake in shares of Teradata by 25.8% during the third quarter. M&T Bank Corp now owns 8,705 shares of the technology company’s stock valued at $264,000 after buying an additional 1,783 shares during the period. Institutional investors own 90.31% of the company’s stock.

About Teradata

Teradata Corporation, together with its subsidiaries, provides a connected multi-cloud data platform for enterprise analytics. The company offers Teradata Vantage, an open and connected platform designed to leverage data across an enterprise. Its business consulting services include support services for organizations to establish a data and analytic vision, enable a multi-cloud ecosystem architecture, and identify and operationalize analytical opportunities, as well as to ensure the analytical infrastructure delivers value.