Teradata (NYSE:TDC) Reaches New 1-Year Low on Analyst Downgrade

Teradata Co. (NYSE:TDC - Get Free Report)'s stock price hit a new 52-week low during trading on Tuesday after Evercore ISI lowered their price target on the stock from $58.00 to $46.00. Evercore ISI currently has an outperform rating on the stock. Teradata traded as low as $31.61 and last traded at $32.76, with a volume of 583415 shares changing hands. The stock had previously closed at $37.96.

TDC has been the subject of several other research reports. JMP Securities dropped their price objective on shares of Teradata from $72.00 to $60.00 and set a "market outperform" rating for the company in a research report on Tuesday. Citigroup raised their price target on Teradata from $57.00 to $60.00 and gave the company a "buy" rating in a report on Monday, February 12th. Bank of America cut Teradata from a "neutral" rating to an "underperform" rating and dropped their price objective for the stock from $48.00 to $39.00 in a report on Tuesday. StockNews.com cut shares of Teradata from a "strong-buy" rating to a "buy" rating in a research report on Friday, April 12th. Finally, Royal Bank of Canada cut their price objective on shares of Teradata from $48.00 to $44.00 and set a "sector perform" rating on the stock in a report on Tuesday. Two analysts have rated the stock with a sell rating, three have given a hold rating and six have assigned a buy rating to the company's stock. According to data from MarketBeat.com, the stock presently has a consensus rating of "Hold" and a consensus target price of $49.90.

Insiders Place Their Bets

In other Teradata news, insider Hillary Ashton sold 9,743 shares of the firm's stock in a transaction that occurred on Friday, March 1st. The shares were sold at an average price of $37.45, for a total transaction of $364,875.35. Following the sale, the insider now directly owns 156,704 shares in the company, valued at approximately $5,868,564.80. The sale was disclosed in a filing with the Securities & Exchange Commission, which is accessible through this link. In other Teradata news, insider Kathleen R. Cullen-Cote sold 26,275 shares of the company's stock in a transaction that occurred on Tuesday, March 5th. The stock was sold at an average price of $37.57, for a total transaction of $987,151.75. Following the completion of the transaction, the insider now owns 127,595 shares of the company's stock, valued at approximately $4,793,744.15. The transaction was disclosed in a legal filing with the SEC, which is available at this hyperlink. Also, insider Hillary Ashton sold 9,743 shares of Teradata stock in a transaction that occurred on Friday, March 1st. The shares were sold at an average price of $37.45, for a total transaction of $364,875.35. Following the completion of the sale, the insider now owns 156,704 shares in the company, valued at $5,868,564.80. The disclosure for this sale can be found here. Insiders sold 76,615 shares of company stock worth $2,903,644 over the last ninety days. 0.86% of the stock is currently owned by corporate insiders.

Institutional Inflows and Outflows

A number of hedge funds have recently added to or reduced their stakes in the business. Orion Portfolio Solutions LLC grew its stake in shares of Teradata by 3.5% in the third quarter. Orion Portfolio Solutions LLC now owns 7,583 shares of the technology company's stock valued at $341,000 after buying an additional 259 shares in the last quarter. Fifth Third Bancorp raised its holdings in shares of Teradata by 6.8% in the 3rd quarter. Fifth Third Bancorp now owns 4,336 shares of the technology company's stock valued at $195,000 after purchasing an additional 276 shares during the period. HB Wealth Management LLC lifted its stake in Teradata by 4.5% in the 4th quarter. HB Wealth Management LLC now owns 6,488 shares of the technology company's stock valued at $282,000 after purchasing an additional 280 shares during the last quarter. Vanguard Personalized Indexing Management LLC grew its holdings in Teradata by 3.4% during the fourth quarter. Vanguard Personalized Indexing Management LLC now owns 9,169 shares of the technology company's stock worth $399,000 after purchasing an additional 305 shares during the period. Finally, Gotham Asset Management LLC increased its holdings in shares of Teradata by 3.4% during the 3rd quarter. Gotham Asset Management LLC now owns 9,538 shares of the technology company's stock worth $429,000 after acquiring an additional 311 shares during the last quarter. Institutional investors own 90.31% of the company's stock.

Teradata Trading Down 13.8 %

The company has a current ratio of 0.87, a quick ratio of 0.86 and a debt-to-equity ratio of 4.02. The business has a 50 day moving average of $37.75 and a two-hundred day moving average of $42.29. The firm has a market cap of $3.20 billion, a P/E ratio of 54.54, a PEG ratio of 1.64 and a beta of 0.95.

Teradata (NYSE:TDC - Get Free Report) last posted its earnings results on Monday, May 6th. The technology company reported $0.57 earnings per share (EPS) for the quarter, topping analysts' consensus estimates of $0.55 by $0.02. Teradata had a net margin of 3.38% and a return on equity of 58.25%. The company had revenue of $465.00 million during the quarter, compared to analysts' expectations of $461.93 million. During the same quarter last year, the company posted $0.40 EPS. Teradata's quarterly revenue was down 2.3% compared to the same quarter last year. Analysts predict that Teradata Co. will post 1.27 earnings per share for the current year.

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.