Teradata (NYSE:TDC) Shares Gap Down Following Analyst Downgrade

Teradata Co. (NYSE:TDC - Get Free Report) shares gapped down prior to trading on Tuesday after Northland Securities lowered their price target on the stock from $38.00 to $37.00. The stock had previously closed at $33.38, but opened at $30.42. Northland Securities currently has an outperform rating on the stock. Teradata shares last traded at $29.77, with a volume of 181,108 shares changing hands.

A number of other equities analysts also recently weighed in on the stock. Morgan Stanley dropped their price target on shares of Teradata from $44.00 to $30.00 and set an "equal weight" rating on the stock in a research note on Tuesday, August 6th. Royal Bank of Canada reaffirmed a "sector perform" rating and set a $32.00 price target on shares of Teradata in a research note on Tuesday. Evercore ISI boosted their price target on Teradata from $34.00 to $37.00 and gave the company an "outperform" rating in a research note on Tuesday, October 15th. StockNews.com raised shares of Teradata from a "buy" rating to a "strong-buy" rating in a research report on Tuesday, August 6th. Finally, Barclays decreased their target price on shares of Teradata from $30.00 to $29.00 and set an "underweight" rating for the company in a research report on Tuesday. Three equities research analysts have rated the stock with a sell rating, four have assigned a hold rating, four have given a buy rating and one has given a strong buy rating to the company's stock. Based on data from MarketBeat, the stock currently has a consensus rating of "Hold" and a consensus target price of $39.91.

Insider Buying and Selling

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 transaction of $411,903.86. Following the completion of the sale, the insider now owns 121,382 shares in the company, valued at $3,341,646.46. This represents a 0.00 % decrease in their position. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is available through this link. In other Teradata news, insider Margaret A. Treese sold 5,500 shares of the firm's stock in a transaction 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 transaction was disclosed in a document filed with the SEC, which is available at the SEC website. Also, insider Hillary Ashton sold 14,962 shares of the stock in a transaction dated Tuesday, September 10th. The shares were 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 of the company's stock, valued at approximately $3,341,646.46. The trade was a 0.00 % decrease in their position. The disclosure for this sale can be found here. Insiders own 0.86% of the company's stock.

Institutional Investors Weigh In On Teradata

A number of institutional investors have recently bought and sold shares of TDC. Crewe Advisors LLC bought a new position in shares of Teradata during the 2nd quarter worth approximately $26,000. GAMMA Investing LLC increased its position in shares of Teradata by 88.0% during the 3rd quarter. GAMMA Investing LLC now owns 955 shares of the technology company's stock worth $29,000 after purchasing an additional 447 shares in the last quarter. Hexagon Capital Partners LLC lifted its holdings in Teradata by 111.4% during the 2nd quarter. Hexagon Capital Partners LLC now owns 962 shares of the technology company's stock valued at $33,000 after purchasing an additional 507 shares during the last quarter. Allworth Financial LP boosted its position in Teradata by 75.2% in the third quarter. Allworth Financial LP now owns 1,326 shares of the technology company's stock valued at $40,000 after buying an additional 569 shares in the last quarter. Finally, International Assets Investment Management LLC grew its stake in Teradata by 2,934.1% during the third quarter. International Assets Investment Management LLC now owns 1,335 shares of the technology company's stock worth $44,000 after buying an additional 1,291 shares during the last quarter. Institutional investors and hedge funds own 90.31% of the company's stock.

Teradata Trading Down 14.7 %

The company's fifty day moving average price is $30.06 and its two-hundred day moving average price is $31.69. The company has a quick ratio of 0.72, a current ratio of 0.75 and a debt-to-equity ratio of 6.87. The company has a market cap of $2.74 billion, a price-to-earnings ratio of 45.19, a price-to-earnings-growth ratio of 3.08 and a beta of 0.80.

Teradata (NYSE:TDC - Get Free Report) last issued its quarterly earnings data on Monday, November 4th. The technology company reported $0.69 earnings per share (EPS) for the quarter, beating the consensus estimate of $0.56 by $0.13. Teradata had a return on equity of 114.57% and a net margin of 3.45%. The firm had revenue of $440.00 million during the quarter, compared to the consensus estimate of $417.71 million. During the same quarter in the previous year, the company posted $0.14 EPS. The business's revenue for the quarter was up .5% compared to the same quarter last year. Research analysts expect that Teradata Co. will post 1.3 earnings per share for the current 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.