Teradata (NYSE:TDC) Stock Rating Lowered by Wall Street Zen

Key Points

• Wall Street Zen downgraded Teradata from “buy” to “hold.” Analysts’ overall consensus is also “hold,” with an average price target of $36.12.
• Teradata’s latest quarterly results beat estimates: EPS was $0.70 versus $0.58 expected, and revenue was $399 million versus $395.66 million expected. However, revenue declined 4.1% year over year.
• Shares rose 1.7% to $34.77 in Friday trading. Company insiders sold 68,077 shares worth about $2.07 million over the past 90 days.

Teradata (NYSE:TDC - Get Free Report) was downgraded by investment analysts at Wall Street Zen from a "buy" rating to a "hold" rating in a research note issued to investors on Sunday, Wall Street Zen reports.

Several other equities research analysts have also recently commented on the company. Barclays increased their price objective on Teradata from $27.00 to $28.00 and gave the company an "underweight" rating in a research report on Friday, November 6th. Citigroup upped their target price on shares of Teradata from $36.00 to $40.00 and gave the company a "buy" rating in a research note on Friday, October 30th. UBS Group dropped their price target on shares of Teradata from $36.00 to $32.00 and set a "neutral" rating on the stock in a report on Monday, September 21st. Morgan Stanley downgraded shares of Teradata from an "overweight" rating to an "equal weight" rating and lowered their price objective for the company from $35.00 to $29.00 in a research report on Monday, August 10th. Finally, Weiss Ratings raised shares of Teradata from a "hold (c)" rating to a "hold (c+)" rating in a research report on Monday, November 9th. Three investment analysts have rated the stock with a Buy rating, five have assigned a Hold rating and one has assigned a Sell rating to the stock. According to data from MarketBeat.com, Teradata presently has a consensus rating of "Hold" and an average price target of $36.12.

Teradata Stock Up 1.7%

Shares of TDC stock traded up $0.59 during trading hours on Friday, hitting $34.77. 3,856,848 shares of the company's stock traded hands, compared to its average volume of 2,062,142. The stock's fifty day simple moving average is $31.05 and its two-hundred day simple moving average is $30.10. Teradata has a 12-month low of $23.86 and a 12-month high of $41.78. The stock has a market cap of $3.18 billion, a price-to-earnings ratio of 7.35, a PEG ratio of 2.14 and a beta of 0.61. The company has a quick ratio of 0.92, a current ratio of 0.94 and a debt-to-equity ratio of 0.07.

Teradata (NYSE:TDC - Get Free Report) last issued its earnings results on Thursday, November 5th. The technology company reported $0.70 earnings per share (EPS) for the quarter, topping the consensus estimate of $0.58 by $0.12. Teradata had a net margin of 27.24% and a return on equity of 35.61%. The business had revenue of $399.00 million during the quarter, compared to analysts' expectations of $395.66 million. During the same period in the previous year, the company earned $0.72 earnings per share. The business's revenue for the quarter was down 4.1% compared to the same quarter last year. On average, analysts expect that Teradata will post 1.85 EPS for the current year.

Insider Activity at Teradata

In other Teradata news, COO Michael Hutchinson sold 48,077 shares of the company's stock in a transaction that occurred on Tuesday, September 15th. The shares were sold at an average price of $30.00, for a total transaction of $1,442,310.00. Following the completion of the sale, the chief operating officer directly owned 171,927 shares of the company's stock, valued at approximately $5,157,810. This represents a 21.85% decrease in their ownership of the stock. The sale was disclosed in a filing with the Securities & Exchange Commission, which is accessible through the SEC website. The transaction was executed under a pre-arranged Rule 10b5-1 trading plan. Also, CEO Stephen Mcmillan sold 10,000 shares of the stock in a transaction that occurred on Monday, November 9th. The stock was sold at an average price of $32.51, for a total transaction of $325,100.00. Following the completion of the transaction, the chief executive officer owned 742,446 shares in the company, valued at $24,136,919.46. The trade was a 1.33% decrease in their ownership of the stock. The disclosure for this sale is available in the SEC filing. The transaction was executed under a pre-arranged Rule 10b5-1 trading plan. Insiders have sold 68,077 shares of company stock valued at $2,067,610 over the last 90 days. 0.96% of the stock is currently owned by company insiders.

Hedge Funds Weigh In On Teradata

Several institutional investors have recently bought and sold shares of the business. BlackRock Inc. purchased a new position in Teradata in the 2nd quarter worth about $567,999,000. Boston Partners grew its position in shares of Teradata by 28.6% in the 3rd quarter. Boston Partners now owns 3,956,569 shares of the technology company's stock worth $114,244,000 after buying an additional 879,016 shares during the last quarter. Dimensional Fund Advisors LP increased its position in shares of Teradata by 11.8% during the first quarter. Dimensional Fund Advisors LP now owns 1,906,221 shares of the technology company's stock worth $48,853,000 after purchasing an additional 200,477 shares in the last quarter. Arrowstreet Capital Limited Partnership raised its stake in Teradata by 20.9% in the first quarter. Arrowstreet Capital Limited Partnership now owns 1,399,452 shares of the technology company's stock valued at $35,868,000 after buying an additional 241,550 shares during the last quarter. Finally, Bank of America Corp DE grew its position in Teradata by 21.7% during the 1st quarter. Bank of America Corp DE now owns 1,320,653 shares of the technology company's stock worth $33,848,000 after purchasing an additional 235,116 shares during the last quarter. Institutional investors own 90.31% of the company's stock.

Teradata Company Profile

Teradata provides cloud analytics and data platform services for organizations that manage large, complex data environments. Its offerings support the collection, integration, storage and analysis of data to help customers generate insights and build data-driven applications. The company's portfolio includes Teradata VantageCloud, which supports cloud and hybrid deployments, and ClearScape Analytics, a set of tools for applying advanced analytics and artificial intelligence to data. Teradata also offers consulting, implementation and support services to help customers design and manage their data environments.

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