Teradata (NYSE:TDC) Given New $37.00 Price Target at Evercore ISI

Teradata (NYSE:TDC) had its price target lifted by Evercore ISI from $34.00 to $37.00 in a research report sent to investors on Tuesday, Benzinga reports. Evercore ISI currently has an outperform rating on the technology company’s stock.

Several other equities analysts have also issued reports on TDC. Barclays lowered their target price on shares of Teradata from $35.00 to $30.00 and set an “underweight” rating for the company in a report on Tuesday, August 6th. StockNews.com upgraded shares of Teradata from a “buy” rating to a “strong-buy” rating in a research note on Tuesday, August 6th. Guggenheim reiterated a “buy” rating and set a $60.00 target price on shares of Teradata in a research note on Tuesday, June 25th. JMP Securities downgraded Teradata from an “outperform” rating to a “market perform” rating in a report on Tuesday, August 6th. Finally, UBS Group started coverage on Teradata in a report on Friday, July 19th. They issued a “sell” rating and a $32.00 price objective for the company. Three research 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 stock. Based on data from MarketBeat, the stock currently has an average rating of “Hold” and a consensus price target of $40.64.

Teradata Stock Performance

NYSE:TDC opened at $32.37 on Tuesday. The company has a debt-to-equity ratio of 6.87, a quick ratio of 0.72 and a current ratio of 0.75. Teradata has a fifty-two week low of $24.02 and a fifty-two week high of $49.44. The business has a 50 day moving average price of $28.99 and a 200-day moving average price of $32.16. The firm has a market cap of $3.13 billion, a PE ratio of 77.07, a price-to-earnings-growth ratio of 2.94 and a beta of 0.80.

Teradata (NYSE:TDC) last announced its earnings results on Monday, August 5th. The technology company reported $0.64 EPS for the quarter, beating analysts’ consensus estimates of $0.48 by $0.16. Teradata had a return on equity of 114.57% and a net margin of 3.45%. The company had revenue of $436.00 million during the quarter, compared to the consensus estimate of $447.30 million. During the same quarter in the prior year, the company earned $0.20 earnings per share. The firm’s revenue for the quarter was down 5.6% on a year-over-year basis. Equities research analysts predict that Teradata will post 1.3 earnings per share for the current year.

Insider Activity at Teradata

In other Teradata news, insider Margaret A. Treese sold 5,500 shares of the firm’s stock in a transaction that occurred on Thursday, August 29th. The shares were sold at an average price of $28.50, for a total transaction of $156,750.00. Following the sale, the insider now owns 96,783 shares in the company, valued at approximately $2,758,315.50. This trade represents a 0.00 % decrease in their position. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is accessible through the SEC website. In related news, insider Hillary Ashton sold 14,962 shares of the stock in a transaction dated Tuesday, September 10th. The stock was sold at an average price of $27.53, for a total transaction of $411,903.86. Following the completion of the sale, the insider now owns 121,382 shares in the company, valued at approximately $3,341,646.46. This trade represents a 0.00 % decrease in their ownership of the stock. The transaction was disclosed in a document filed with the SEC, which can be accessed through this hyperlink. Also, insider Margaret A. Treese sold 5,500 shares of Teradata stock in a transaction that occurred on Thursday, August 29th. The shares were sold at an average price of $28.50, for a total value of $156,750.00. Following the sale, the insider now directly owns 96,783 shares in the company, valued at $2,758,315.50. This trade represents a 0.00 % decrease in their position. The disclosure for this sale can be found here. 0.92% of the stock is owned by company insiders.

Institutional Investors Weigh In On Teradata

A number of institutional investors have recently added to or reduced their stakes in TDC. Crewe Advisors LLC purchased a new stake in shares of Teradata in the second quarter worth about $26,000. Sound Income Strategies LLC bought a new position in shares of Teradata during the 1st quarter valued at approximately $31,000. GAMMA Investing LLC grew its holdings in shares of Teradata by 88.0% in the third quarter. GAMMA Investing LLC now owns 955 shares of the technology company’s stock valued at $29,000 after purchasing an additional 447 shares in the last quarter. Hexagon Capital Partners LLC increased its position in Teradata by 111.4% in the second quarter. Hexagon Capital Partners LLC now owns 962 shares of the technology company’s stock worth $33,000 after purchasing an additional 507 shares during the last quarter. Finally, Blue Trust Inc. raised its stake in Teradata by 107.3% during the second quarter. Blue Trust Inc. now owns 2,017 shares of the technology company’s stock valued at $70,000 after purchasing an additional 1,044 shares in the last quarter. 90.31% of the stock is owned by hedge funds and other institutional investors.

Teradata Company Profile

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.