Barclays Boosts Teradata (NYSE:TDC) Price Target to $30.00

Teradata (NYSE:TDC) had its price objective hoisted by research analysts at Barclays from $29.00 to $30.00 in a research note issued on Friday,Benzinga reports. The brokerage presently has an “underweight” rating on the technology company’s stock. Barclays‘s target price indicates a potential downside of 6.57% from the company’s previous close.

A number of other brokerages have also commented on TDC. Evercore ISI boosted their price objective on shares of Teradata from $34.00 to $37.00 and gave the stock an “outperform” rating in a report on Tuesday, October 15th. UBS Group boosted their price target on Teradata from $24.00 to $26.00 and gave the stock a “sell” rating in a research note on Tuesday, November 5th. Royal Bank of Canada restated a “sector perform” rating and set a $32.00 price objective on shares of Teradata in a research note on Tuesday, November 5th. Finally, Northland Securities cut their target price on Teradata from $38.00 to $37.00 and set an “outperform” rating on the stock in a research report on Tuesday, November 5th. Three research analysts have rated the stock with a sell rating, four have assigned a hold rating, four have issued a buy rating and one has assigned a strong buy rating to the stock. According to MarketBeat, Teradata presently has a consensus rating of “Hold” and a consensus target price of $40.00.

Teradata Trading Down 0.7 %

NYSE:TDC opened at $32.11 on Friday. The business’s 50-day moving average is $30.98 and its two-hundred day moving average is $30.87. The firm has a market capitalization of $3.07 billion, a PE ratio of 38.23, a price-to-earnings-growth ratio of 3.13 and a beta of 0.79. Teradata has a 12 month low of $24.02 and a 12 month high of $49.44. The company has a debt-to-equity ratio of 4.01, a current ratio of 0.80 and a quick ratio of 0.79.

Teradata (NYSE:TDC) last announced its 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. The business had revenue of $440.00 million for the quarter, compared to the consensus estimate of $417.71 million. Teradata had a return on equity of 145.40% and a net margin of 4.56%. The company’s revenue was up .5% on a year-over-year basis. During the same period last year, the business posted $0.14 EPS. Research analysts predict that Teradata will post 1.41 earnings per share for the current fiscal year.

Insider Buying and Selling at Teradata

In other news, insider Hillary Ashton sold 14,962 shares of Teradata stock in a transaction dated 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 transaction, the insider now directly owns 121,382 shares of the company’s stock, valued at approximately $3,341,646.46. The trade was a 10.97 % decrease in their position. The transaction was disclosed in a filing with the SEC, which is accessible through this hyperlink. 0.92% of the stock is owned by insiders.

Institutional Investors Weigh In On Teradata

Several institutional investors and hedge funds have recently bought and sold shares of the business. Crewe Advisors LLC acquired a new stake in shares of Teradata during the 2nd quarter worth approximately $26,000. Point72 Asset Management L.P. acquired a new stake in Teradata in the third quarter worth $27,000. GAMMA Investing LLC lifted its stake in Teradata by 88.0% in the third quarter. GAMMA Investing LLC now owns 955 shares of the technology company’s stock valued at $29,000 after buying an additional 447 shares during the last quarter. Brooklyn Investment Group acquired a new position in shares of Teradata during the third quarter valued at $32,000. Finally, Hexagon Capital Partners LLC grew its position in shares of Teradata by 111.4% during the second quarter. Hexagon Capital Partners LLC now owns 962 shares of the technology company’s stock worth $33,000 after acquiring an additional 507 shares during the last quarter. Institutional investors and hedge funds own 90.31% of the company’s stock.

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.