Teradata (NYSE:TDC) Hits New 52-Week Low Following Analyst Downgrade

Teradata Co. (NYSE:TDC) shares reached a new 52-week low during mid-day trading on Tuesday after Evercore ISI lowered their price target on the stock from $58.00 to $46.00. Evercore ISI currently has an outperform rating on the stock. Teradata traded as low as $31.61 and last traded at $32.76, with a volume of 583415 shares. The stock had previously closed at $37.96.

Other analysts also recently issued reports about the stock. StockNews.com downgraded shares of Teradata from a “strong-buy” rating to a “buy” rating in a report on Friday, April 12th. JMP Securities reduced their target price on shares of Teradata from $72.00 to $60.00 and set a “market outperform” rating on the stock in a report on Tuesday. Royal Bank of Canada reduced their target price on shares of Teradata from $48.00 to $44.00 and set a “sector perform” rating on the stock in a research note on Tuesday. Bank of America downgraded Teradata from a “neutral” rating to an “underperform” rating and decreased their target price for the stock from $48.00 to $39.00 in a research report on Tuesday. Finally, Barclays reduced their price target on shares of Teradata from $39.00 to $35.00 and set an “underweight” rating on the stock in a research note on Tuesday. Two equities research analysts have rated the stock with a sell rating, three have given a hold rating and six have assigned a buy rating to the company. Based on data from MarketBeat, the stock has an average rating of “Hold” and a consensus target price of $49.90.

Insider Buying and Selling at Teradata

In other Teradata news, CEO Stephen Mcmillan sold 40,597 shares of the firm’s stock in a transaction dated 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 completion of the transaction, the chief executive officer now directly owns 528,302 shares in the company, valued at $20,191,702.44. The sale was disclosed in a filing with the SEC, which is accessible through this link. In other Teradata news, CEO Stephen Mcmillan sold 40,597 shares of the stock in a transaction that occurred 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 completion of the sale, the chief executive officer now owns 528,302 shares in the company, valued at approximately $20,191,702.44. The transaction was disclosed in a legal filing with the SEC, which can be accessed through this link. Also, insider Hillary Ashton sold 9,743 shares of Teradata stock in a transaction on Friday, March 1st. The shares were sold at an average price of $37.45, for a total transaction of $364,875.35. Following the sale, the insider now directly owns 156,704 shares of the company’s stock, valued at approximately $5,868,564.80. The disclosure for this sale can be found here. In the last 90 days, insiders have sold 76,615 shares of company stock valued at $2,903,644. Company insiders own 0.86% of the company’s stock.

Institutional Inflows and Outflows

Large investors have recently modified their holdings of the business. Quantbot Technologies LP grew its holdings in Teradata by 9,353.1% during the 1st quarter. Quantbot Technologies LP now owns 83,471 shares of the technology company’s stock worth $3,228,000 after acquiring an additional 82,588 shares during the last quarter. Texas Permanent School Fund Corp grew its position in shares of Teradata by 1.4% in the 1st quarter. Texas Permanent School Fund Corp now owns 85,594 shares of the technology company’s stock valued at $3,310,000 after purchasing an additional 1,147 shares during the period. Central Pacific Bank Trust Division bought a new stake in Teradata in the 1st quarter valued at $126,000. BNP Paribas Financial Markets lifted its stake in Teradata by 7.6% in the 1st quarter. BNP Paribas Financial Markets now owns 79,168 shares of the technology company’s stock valued at $3,061,000 after acquiring an additional 5,605 shares in the last quarter. Finally, Diversify Advisory Services LLC acquired a new stake in shares of Teradata in the first quarter valued at approximately $537,000. 90.31% of the stock is currently owned by institutional investors and hedge funds.

Teradata Price Performance

The company has a market cap of $3.24 billion, a P/E ratio of 54.54, a PEG ratio of 1.64 and a beta of 0.95. The company has a debt-to-equity ratio of 4.02, a quick ratio of 0.86 and a current ratio of 0.87. The company has a fifty day moving average price of $37.75 and a two-hundred day moving average price of $42.29.

Teradata (NYSE:TDC) last posted its earnings results on Monday, May 6th. The technology company reported $0.57 earnings per share for the quarter, topping analysts’ consensus estimates of $0.55 by $0.02. The company had revenue of $465.00 million during the quarter, compared to the consensus estimate of $461.93 million. Teradata had a return on equity of 58.25% and a net margin of 3.38%. During the same quarter last year, the firm earned $0.40 earnings per share. The company’s revenue was down 2.3% on a year-over-year basis. On average, sell-side analysts anticipate that Teradata Co. will post 1.27 earnings per share for the current fiscal year.

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.