Teradata (NYSE:TDC) Sets New 52-Week Low Following Weak Earnings

Teradata Co. (NYSE:TDC)’s stock price hit a new 52-week low during trading on Wednesday following a weaker than expected earnings announcement. The stock traded as low as $22.73 and last traded at $24.90, with a volume of 184573 shares. The stock had previously closed at $30.89.

The technology company reported $0.30 earnings per share (EPS) for the quarter, missing analysts’ consensus estimates of $0.44 by ($0.14). Teradata had a return on equity of 145.40% and a net margin of 4.56%.

Wall Street Analysts Forecast Growth

Several brokerages have issued reports on TDC. UBS Group raised their price objective on shares of Teradata from $24.00 to $26.00 and gave the stock a “sell” rating in a research note on Tuesday, November 5th. Guggenheim decreased their price target on Teradata from $42.00 to $37.00 and set a “buy” rating for the company in a research note on Wednesday. Northland Securities cut their price objective on Teradata from $38.00 to $37.00 and set an “outperform” rating on the stock in a research report on Tuesday, November 5th. Evercore ISI decreased their target price on Teradata from $37.00 to $32.00 and set an “outperform” rating for the company in a research report on Wednesday. Finally, Royal Bank of Canada cut their price target on shares of Teradata from $32.00 to $29.00 and set a “sector perform” rating on the stock in a report on Wednesday. Three analysts have rated the stock with a sell rating, four have issued a hold rating, three have issued a buy rating and one has given a strong buy rating to the company’s stock. According to MarketBeat.com, the company has an average rating of “Hold” and an average target price of $34.40.

Institutional Investors Weigh In On Teradata

Several large investors have recently modified their holdings of TDC. Point72 Asset Management L.P. purchased a new position in Teradata during the third quarter valued at approximately $27,000. GAMMA Investing LLC boosted its position in Teradata by 88.0% during the 3rd quarter. GAMMA Investing LLC now owns 955 shares of the technology company’s stock valued at $29,000 after acquiring an additional 447 shares in the last quarter. Brooklyn Investment Group purchased a new position in shares of Teradata in the 3rd quarter valued at $32,000. Independence Bank of Kentucky bought a new position in shares of Teradata in the 4th quarter worth $37,000. Finally, Allworth Financial LP lifted its stake in shares of Teradata by 75.2% during the 3rd quarter. Allworth Financial LP now owns 1,326 shares of the technology company’s stock worth $40,000 after purchasing an additional 569 shares during the last quarter. Institutional investors own 90.31% of the company’s stock.

Teradata Stock Performance

The business has a 50-day moving average of $31.53 and a two-hundred day moving average of $30.31. The company has a debt-to-equity ratio of 4.01, a current ratio of 0.80 and a quick ratio of 0.79. The company has a market cap of $2.36 billion, a P/E ratio of 29.30, a P/E/G ratio of 3.19 and a beta of 0.78.

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.