Barclays Trims Teradata (NYSE:TDC) Target Price to $39.00

Teradata (NYSE:TDC) had its target price cut by Barclays from $43.00 to $39.00 in a research note issued to investors on Monday morning, Benzinga reports. They currently have an underweight rating on the technology company’s stock.

A number of other brokerages also recently weighed in on TDC. StockNews.com downgraded Teradata from a strong-buy rating to a buy rating in a research note on Friday, April 12th. Royal Bank of Canada lowered their price target on shares of Teradata from $59.00 to $48.00 and set a sector perform rating on the stock in a report on Tuesday, February 13th. Morgan Stanley cut shares of Teradata from an overweight rating to an equal weight rating and lowered their price target for the stock from $74.00 to $48.00 in a report on Tuesday, February 13th. Bank of America cut shares of Teradata from a buy rating to a neutral rating and lowered their price target for the stock from $58.00 to $48.00 in a report on Tuesday, February 13th. Finally, Citigroup lifted their price target on shares of Teradata from $57.00 to $60.00 and gave the stock a buy rating in a report on Monday, February 12th. One investment analyst has rated the stock with a sell rating, three have assigned a hold rating and seven have issued a buy rating to the company. Based on data from MarketBeat.com, the company currently has an average rating of Moderate Buy and an average price target of $56.90.

Teradata Price Performance

Shares of NYSE TDC opened at $36.31 on Monday. Teradata has a twelve month low of $35.36 and a twelve month high of $57.73. The stock’s 50 day moving average price is $38.59 and its 200-day moving average price is $43.02. The company has a market capitalization of $3.55 billion, a PE ratio of 59.52, a PEG ratio of 1.58 and a beta of 0.95. The company has a quick ratio of 0.86, a current ratio of 0.87 and a debt-to-equity ratio of 4.02.

Teradata (NYSE:TDC) last announced its earnings results on Monday, February 12th. The technology company reported $0.56 earnings per share for the quarter, topping analysts’ consensus estimates of $0.51 by $0.05. Teradata had a return on equity of 58.25% and a net margin of 3.38%. The firm had revenue of $457.00 million for the quarter, compared to the consensus estimate of $455.84 million. During the same quarter in the previous year, the business earned $0.05 EPS. The company’s revenue was up 1.1% compared to the same quarter last year. On average, equities analysts anticipate that Teradata will post 1.27 EPS for the current year.

Insider Buying and Selling at Teradata

In other news, CEO Stephen Mcmillan sold 40,597 shares of the company’s stock in a transaction on Thursday, February 22nd. The shares were sold at an average price of $38.22, for a total value of $1,551,617.34. Following the transaction, the chief executive officer now owns 528,302 shares of the company’s stock, valued at $20,191,702.44. The transaction was disclosed in a legal filing with the SEC, which is available at the SEC website. In other news, CEO Stephen Mcmillan sold 40,597 shares of the company’s stock in a transaction on Thursday, February 22nd. The shares were sold at an average price of $38.22, for a total value of $1,551,617.34. Following the transaction, the chief executive officer now owns 528,302 shares of the company’s stock, valued at $20,191,702.44. The transaction was disclosed in a legal filing with the SEC, which is available at the SEC website. Also, insider Kathleen R. Cullen-Cote sold 26,275 shares of the company’s stock in a transaction on Tuesday, March 5th. The stock was sold at an average price of $37.57, for a total transaction of $987,151.75. Following the completion of the transaction, the insider now directly owns 127,595 shares in the company, valued at approximately $4,793,744.15. The disclosure for this sale can be found here. Insiders have sold 76,615 shares of company stock valued at $2,903,644 in the last 90 days. 0.86% of the stock is currently owned by company insiders.

Institutional Inflows and Outflows

Several institutional investors have recently made changes to their positions in the company. Nisa Investment Advisors LLC grew its position in Teradata by 24.1% in the fourth quarter. Nisa Investment Advisors LLC now owns 139,096 shares of the technology company’s stock worth $6,052,000 after acquiring an additional 27,004 shares in the last quarter. Charles Schwab Investment Management Inc. grew its position in Teradata by 5.1% in the third quarter. Charles Schwab Investment Management Inc. now owns 993,252 shares of the technology company’s stock worth $44,716,000 after acquiring an additional 47,927 shares in the last quarter. Quantbot Technologies LP grew its position in Teradata by 101.8% in the third quarter. Quantbot Technologies LP now owns 28,768 shares of the technology company’s stock worth $1,295,000 after acquiring an additional 14,509 shares in the last quarter. Polar Capital Holdings Plc grew its position in Teradata by 3.9% in the third quarter. Polar Capital Holdings Plc now owns 935,108 shares of the technology company’s stock worth $42,099,000 after acquiring an additional 34,809 shares in the last quarter. Finally, Deutsche Bank AG boosted its position in Teradata by 11.2% during the third quarter. Deutsche Bank AG now owns 405,141 shares of the technology company’s stock valued at $18,239,000 after buying an additional 40,947 shares during the period. Institutional investors own 90.31% of the company’s stock.

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.