Teradata Co. (TDC) Receives $39.91 Average Target Price from Analysts

Teradata Co. (NYSE:TDC) has earned an average recommendation of “Hold” from the seventeen analysts that are currently covering the firm, MarketBeat Ratings reports. Four investment analysts have rated the stock with a sell recommendation, seven have assigned a hold recommendation and six have given a buy recommendation to the company. The average 12 month target price among brokers that have issued ratings on the stock in the last year is $39.91.

TDC has been the topic of a number of research analyst reports. Stifel Nicolaus lifted their price target on shares of Teradata from $49.00 to $53.00 and gave the company a “buy” rating in a research note on Friday, August 3rd. Standpoint Research cut shares of Teradata from a “buy” rating to a “hold” rating and set a $58.00 price target on the stock. in a research note on Tuesday, July 24th. Citigroup initiated coverage on shares of Teradata in a research note on Thursday, June 28th. They issued a “neutral” rating and a $42.00 price target on the stock. Zacks Investment Research cut shares of Teradata from a “hold” rating to a “sell” rating in a research note on Tuesday, August 7th. Finally, Barclays lifted their price target on shares of Teradata from $31.00 to $34.00 and gave the company an “underweight” rating in a research note on Friday, September 7th.

Teradata stock traded down $0.18 during trading on Wednesday, reaching $35.31. The company had a trading volume of 951,700 shares, compared to its average volume of 1,127,374. Teradata has a 1-year low of $31.77 and a 1-year high of $44.27. The stock has a market capitalization of $4.49 billion, a P/E ratio of 43.38, a P/E/G ratio of 4.75 and a beta of 1.08. The company has a debt-to-equity ratio of 0.86, a quick ratio of 1.75 and a current ratio of 1.79.

Teradata (NYSE:TDC) last released its quarterly earnings results on Thursday, August 2nd. The technology company reported $0.26 earnings per share (EPS) for the quarter, beating analysts’ consensus estimates of $0.19 by $0.07. Teradata had a negative net margin of 2.91% and a positive return on equity of 16.91%. The firm had revenue of $544.00 million for the quarter, compared to analysts’ expectations of $524.28 million. During the same quarter last year, the company earned $0.22 EPS. The firm’s revenue for the quarter was up 6.0% compared to the same quarter last year. Sell-side analysts predict that Teradata will post 0.78 EPS for the current year.

In other Teradata news, EVP Daniel L. Harrington sold 13,000 shares of Teradata stock in a transaction on Monday, August 13th. The shares were sold at an average price of $40.35, for a total transaction of $524,550.00. Following the sale, the executive vice president now owns 92,995 shares of the company’s stock, valued at approximately $3,752,348.25. The sale was disclosed in a filing with the SEC, which is available at the SEC website. Insiders own 1.22% of the company’s stock.

Institutional investors and hedge funds have recently made changes to their positions in the business. Contravisory Investment Management Inc. raised its holdings in shares of Teradata by 924.9% during the 3rd quarter. Contravisory Investment Management Inc. now owns 3,628 shares of the technology company’s stock worth $137,000 after acquiring an additional 3,274 shares during the period. Barrow Hanley Mewhinney & Strauss LLC raised its holdings in shares of Teradata by 64.9% during the 1st quarter. Barrow Hanley Mewhinney & Strauss LLC now owns 3,714 shares of the technology company’s stock worth $148,000 after acquiring an additional 1,462 shares during the period. Everett Harris & Co. CA purchased a new position in shares of Teradata during the 2nd quarter worth $201,000. Clinton Group Inc. purchased a new position in shares of Teradata during the 1st quarter worth $239,000. Finally, Cubist Systematic Strategies LLC purchased a new stake in Teradata in the 1st quarter valued at about $251,000. 99.38% of the stock is currently owned by institutional investors.

About Teradata

Teradata Corporation provides analytic data solutions and related services worldwide. The company operates through Americas Data and Analytics, and International Data and Analytics segments. Its analytic data solutions comprise software, hardware, and related business consulting and support services.

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Analyst Recommendations for Teradata (NYSE:TDC)

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