Teradata (NYSE:TDC) Price Target Cut to $37.00 by Analysts at Northland Securities

Teradata (NYSE:TDC - Get Free Report) had its target price dropped by equities researchers at Northland Securities from $38.00 to $37.00 in a note issued to investors on Tuesday, Benzinga reports. The brokerage currently has an "outperform" rating on the technology company's stock. Northland Securities' price target would indicate a potential upside of 29.96% from the company's previous close.

TDC has been the topic of a number of other reports. Morgan Stanley reduced 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 note on Tuesday, August 6th. UBS Group began coverage on shares of Teradata in a research note on Friday, July 19th. They set a "sell" rating and a $32.00 price objective on the stock. Royal Bank of Canada reiterated a "sector perform" rating and set a $32.00 price objective on shares of Teradata in a research note on Tuesday. Barclays reduced their price objective on shares of Teradata from $30.00 to $29.00 and set an "underweight" rating on the stock in a research note on Tuesday. Finally, StockNews.com upgraded shares of Teradata from a "buy" rating to a "strong-buy" rating in a research note on Tuesday, August 6th. Three investment analysts have rated the stock with a sell rating, four have issued a hold rating, four have given a buy rating and one has issued a strong buy rating to the stock. Based on data from MarketBeat.com, the stock currently has a consensus rating of "Hold" and an average price target of $39.91.

Teradata Stock Performance

Shares of TDC stock traded down $4.91 on Tuesday, hitting $28.47. The company's stock had a trading volume of 2,837,934 shares, compared to its average volume of 942,784. The company has a debt-to-equity ratio of 6.87, a quick ratio of 0.72 and a current ratio of 0.75. The stock's 50 day moving average is $30.06 and its 200-day moving average is $31.69. Teradata has a fifty-two week low of $24.02 and a fifty-two week high of $49.44. The company has a market capitalization of $2.74 billion, a PE ratio of 45.19, a PEG ratio of 3.08 and a beta of 0.80.

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

Insider Buying and Selling

In related news, insider Hillary Ashton sold 14,962 shares of Teradata stock in a transaction that occurred on Tuesday, September 10th. The shares were sold at an average price of $27.53, for a total transaction of $411,903.86. Following the sale, the insider now directly owns 121,382 shares in the company, valued at $3,341,646.46. This trade represents a 0.00 % decrease in their position. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is available at this hyperlink. In other Teradata news, insider Hillary Ashton sold 14,962 shares of the firm's stock in a transaction that occurred on 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 transaction, the insider now owns 121,382 shares in the company, valued at approximately $3,341,646.46. This trade represents a 0.00 % decrease in their position. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which can be accessed through this link. Also, insider Margaret A. Treese sold 5,500 shares of the firm'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 transaction of $156,750.00. Following the transaction, the insider now owns 96,783 shares of the company's stock, valued at approximately $2,758,315.50. The trade was a 0.00 % decrease in their position. The disclosure for this sale can be found here. 0.86% of the stock is owned by corporate insiders.

Institutional Trading of Teradata

Hedge funds have recently modified their holdings of the stock. Russell Investments Group Ltd. increased its stake in shares of Teradata by 61.5% in the 1st quarter. Russell Investments Group Ltd. now owns 125,369 shares of the technology company's stock valued at $4,848,000 after acquiring an additional 47,741 shares in the last quarter. SG Americas Securities LLC boosted its holdings in Teradata by 114.7% during the 2nd quarter. SG Americas Securities LLC now owns 56,346 shares of the technology company's stock worth $1,947,000 after acquiring an additional 30,096 shares during the last quarter. Entropy Technologies LP purchased a new position in Teradata during the 1st quarter worth $568,000. Assenagon Asset Management S.A. boosted its holdings in Teradata by 85.2% during the 2nd quarter. Assenagon Asset Management S.A. now owns 47,866 shares of the technology company's stock worth $1,654,000 after acquiring an additional 22,027 shares during the last quarter. Finally, 272 Capital LP boosted its holdings in Teradata by 57.6% during the 2nd quarter. 272 Capital LP now owns 99,903 shares of the technology company's stock worth $3,453,000 after acquiring an additional 36,503 shares during 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.