Teradata (NYSE:TDC) Price Target Lowered to $29.00 at Barclays

Teradata (NYSE:TDC - Get Free Report) had its price target dropped by equities research analysts at Barclays from $30.00 to $29.00 in a report issued on Tuesday, Benzinga reports. The brokerage currently has an "underweight" rating on the technology company's stock. Barclays's price target would suggest a potential upside of 1.86% from the stock's current price.

Several other research analysts also recently commented on TDC. StockNews.com upgraded Teradata from a "buy" rating to a "strong-buy" rating in a report on Tuesday, August 6th. JMP Securities cut shares of Teradata from an "outperform" rating to a "market perform" rating in a research report on Tuesday, August 6th. Morgan Stanley decreased their price objective on shares of Teradata from $44.00 to $30.00 and set an "equal weight" rating on the stock in a research report on Tuesday, August 6th. TD Cowen dropped their target price on shares of Teradata from $37.00 to $29.00 and set a "hold" rating for the company in a report on Tuesday, August 6th. Finally, Royal Bank of Canada reduced their price target on Teradata from $40.00 to $32.00 and set a "sector perform" rating on the stock in a report on Tuesday, August 6th. Three equities research analysts have rated the stock with a sell rating, four have given 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.com, Teradata has a consensus rating of "Hold" and an average target price of $39.91.

Teradata Price Performance

Shares of Teradata stock traded down $4.91 on Tuesday, reaching $28.47. The stock had a trading volume of 2,837,934 shares, compared to its average volume of 942,784. Teradata has a 1 year low of $24.02 and a 1 year high of $49.44. The company has a market cap of $2.74 billion, a P/E ratio of 45.19, a price-to-earnings-growth ratio of 3.08 and a beta of 0.80. The company has a current ratio of 0.75, a quick ratio of 0.72 and a debt-to-equity ratio of 6.87. The business's 50 day moving average is $30.06 and its two-hundred day moving average is $31.69.

Teradata (NYSE:TDC - Get Free Report) last announced its quarterly earnings results on Monday, November 4th. The technology company reported $0.69 earnings per share (EPS) for the quarter, topping analysts' consensus estimates of $0.56 by $0.13. Teradata had a net margin of 3.45% and a return on equity of 114.57%. The firm had revenue of $440.00 million for the quarter, compared to the consensus estimate of $417.71 million. During the same period in the prior year, the firm posted $0.14 earnings per share. The company's revenue for the quarter was up .5% on a year-over-year basis. As a group, research analysts anticipate that Teradata will post 1.3 EPS for the current year.

Insider Activity

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

Institutional Investors Weigh In On Teradata

Large investors have recently bought and sold shares of the business. Russell Investments Group Ltd. boosted its stake in shares of Teradata by 61.5% during the first quarter. Russell Investments Group Ltd. now owns 125,369 shares of the technology company's stock valued at $4,848,000 after purchasing an additional 47,741 shares during the period. SG Americas Securities LLC boosted its stake in shares of Teradata by 114.7% during the second quarter. SG Americas Securities LLC now owns 56,346 shares of the technology company's stock valued at $1,947,000 after purchasing an additional 30,096 shares during the period. Entropy Technologies LP purchased a new stake in shares of Teradata during the first quarter valued at $568,000. Assenagon Asset Management S.A. raised its holdings in shares of Teradata by 85.2% in the second quarter. Assenagon Asset Management S.A. now owns 47,866 shares of the technology company's stock valued at $1,654,000 after acquiring an additional 22,027 shares in the last quarter. Finally, 272 Capital LP raised its holdings in shares of Teradata by 57.6% in the second quarter. 272 Capital LP now owns 99,903 shares of the technology company's stock valued at $3,453,000 after acquiring an additional 36,503 shares in the last quarter. 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.