UBS Group Raises Teradata (NYSE:TDC) Price Target to $26.00

Teradata (NYSE:TDC) had its price objective boosted by equities researchers at UBS Group from $24.00 to $26.00 in a research note issued on Tuesday, Benzinga reports. The brokerage presently has a “sell” rating on the technology company’s stock. UBS Group’s price objective points to a potential downside of 10.59% from the company’s previous close.

Other research analysts have also issued research reports about the stock. Northland Securities cut their price target on shares of Teradata from $38.00 to $37.00 and set an “outperform” rating on the stock in a research note on Tuesday. StockNews.com raised shares of Teradata from a “buy” rating to a “strong-buy” rating in a research report on Tuesday, August 6th. JMP Securities downgraded Teradata from an “outperform” rating to a “market perform” rating in a research note on Tuesday, August 6th. Evercore ISI increased their target price on shares of Teradata from $34.00 to $37.00 and gave the company an “outperform” rating in a research report on Tuesday, October 15th. Finally, Barclays cut their price target on Teradata from $30.00 to $29.00 and set an “underweight” rating on the stock in a report on Tuesday. Three investment analysts have rated the stock with a sell rating, four have assigned a hold rating, four have given a buy rating and one has assigned a strong buy rating to the company’s stock. According to data from MarketBeat.com, Teradata currently has an average rating of “Hold” and a consensus price target of $39.91.

Teradata Stock Down 12.9 %

TDC traded down $4.30 on Tuesday, reaching $29.08. 1,269,036 shares of the company traded hands, compared to its average volume of 935,458. The stock’s 50 day moving average price is $30.06 and its 200-day moving average price is $31.69. Teradata has a 52-week low of $24.02 and a 52-week high of $49.44. The company has a market cap of $2.79 billion, a price-to-earnings ratio of 46.16, a PEG ratio of 3.08 and a beta of 0.80. The company has a debt-to-equity ratio of 6.87, a current ratio of 0.75 and a quick ratio of 0.72.

Teradata (NYSE:TDC) last issued its quarterly earnings results on Monday, November 4th. The technology company reported $0.69 earnings per share for the quarter, beating analysts’ consensus estimates of $0.56 by $0.13. The firm had revenue of $440.00 million during the quarter, compared to the consensus estimate of $417.71 million. Teradata had a net margin of 3.45% and a return on equity of 114.57%. The business’s revenue was up .5% on a year-over-year basis. During the same period in the prior year, the firm earned $0.14 EPS. On average, sell-side analysts expect that Teradata will post 1.3 EPS for the current fiscal year.

Insider Buying and Selling at Teradata

In related news, insider Hillary Ashton sold 14,962 shares of the 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 completion of the transaction, the insider now directly owns 121,382 shares in the company, valued at approximately $3,341,646.46. This represents a 0.00 % decrease in their ownership of the stock. The sale was disclosed in a legal filing with the SEC, which is accessible through this link. In related news, insider Margaret A. Treese sold 5,500 shares of Teradata stock in a transaction that occurred on Thursday, August 29th. The stock was sold at an average price of $28.50, for a total transaction of $156,750.00. Following the completion of the transaction, the insider now directly owns 96,783 shares in the company, valued at $2,758,315.50. The trade was a 0.00 % decrease in their position. The sale was disclosed in a document filed with the SEC, which is available at this hyperlink. Also, insider Hillary Ashton sold 14,962 shares of the business’s stock in a transaction on Tuesday, September 10th. The shares were sold at an average price of $27.53, for a total value of $411,903.86. Following the completion of the transaction, the insider now owns 121,382 shares of the company’s stock, valued at $3,341,646.46. This trade represents a 0.00 % decrease in their ownership of the stock. The disclosure for this sale can be found here. Insiders own 0.86% of the company’s stock.

Hedge Funds Weigh In On Teradata

A number of institutional investors and hedge funds have recently added to or reduced their stakes in TDC. M&G Plc raised its stake in Teradata by 2,920.3% during the second quarter. M&G Plc now owns 1,183,683 shares of the technology company’s stock worth $41,429,000 after acquiring an additional 1,144,492 shares during the period. AQR Capital Management LLC boosted its stake in Teradata by 60.9% in the 2nd quarter. AQR Capital Management LLC now owns 2,136,209 shares of the technology company’s stock worth $73,827,000 after purchasing an additional 808,691 shares during the period. Ariel Investments LLC purchased a new stake in Teradata in the 1st quarter worth approximately $30,998,000. Lynrock Lake LP raised its holdings in shares of Teradata by 9.9% during the 2nd quarter. Lynrock Lake LP now owns 6,666,666 shares of the technology company’s stock valued at $230,400,000 after purchasing an additional 600,000 shares in the last quarter. Finally, Assenagon Asset Management S.A. lifted its position in Teradata by 828.5% during the 3rd quarter. Assenagon Asset Management S.A. now owns 444,450 shares of the technology company’s stock worth $13,485,000 after acquiring an additional 396,584 shares during 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.