Teradata (NYSE:TDC) Lowered to Underperform at Bank of America

Teradata (NYSE:TDC - Get Free Report) was downgraded by analysts at Bank of America from a "neutral" rating to an "underperform" rating in a research note issued on Tuesday, MarketBeat reports. They currently have a $39.00 target price on the technology company's stock, down from their prior target price of $48.00. Bank of America's price objective would indicate a potential upside of 19.19% from the company's previous close.

TDC has been the subject of a number of other reports. StockNews.com downgraded Teradata from a "strong-buy" rating to a "buy" rating in a research note on Friday, April 12th. Royal Bank of Canada decreased their price target on Teradata from $59.00 to $48.00 and set a "sector perform" rating for the company in a research note on Tuesday, February 13th. JMP Securities reissued a "market outperform" rating and issued a $72.00 price target on shares of Teradata in a research note on Tuesday, February 13th. Barclays decreased their price target on Teradata from $43.00 to $39.00 and set an "underweight" rating for the company in a research note on Monday, April 15th. Finally, Morgan Stanley cut Teradata from an "overweight" rating to an "equal weight" rating and decreased their price target for the stock from $74.00 to $48.00 in a research note on Tuesday, February 13th. Two research analysts have rated the stock with a sell rating, three have given a hold rating and six have given a buy rating to the company. According to MarketBeat, the company presently has an average rating of "Hold" and a consensus price target of $49.90.

Teradata Stock Performance

TDC traded down $5.24 during trading on Tuesday, reaching $32.72. 4,526,586 shares of the company were exchanged, compared to its average volume of 1,138,425. The stock 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. The firm has a 50 day moving average of $37.75 and a 200 day moving average of $42.29. The company has a current ratio of 0.87, a quick ratio of 0.86 and a debt-to-equity ratio of 4.02. Teradata has a 52 week low of $31.61 and a 52 week high of $57.73.

Teradata (NYSE:TDC - Get Free Report) last issued its quarterly earnings data on Monday, May 6th. The technology company reported $0.57 EPS for the quarter, topping analysts' consensus estimates of $0.55 by $0.02. The firm had revenue of $465.00 million during the quarter, compared to the consensus estimate of $461.93 million. Teradata had a return on equity of 58.25% and a net margin of 3.38%. The firm's revenue was down 2.3% on a year-over-year basis. During the same period in the prior year, the business earned $0.40 EPS. On average, sell-side analysts forecast that Teradata will post 1.27 EPS for the current fiscal year.

Insider Activity at Teradata

In other news, insider Hillary Ashton sold 9,743 shares of the company's stock in a transaction on Friday, March 1st. The stock was 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 directly owns 156,704 shares of the company's stock, valued at $5,868,564.80. The sale was disclosed in a document filed with the SEC, which is available at the SEC website. In other news, CEO Stephen Mcmillan sold 40,597 shares of the company's stock in a transaction on Thursday, February 22nd. The stock was sold at an average price of $38.22, for a total transaction of $1,551,617.34. Following the completion of the sale, the chief executive officer now directly owns 528,302 shares of the company's stock, valued at $20,191,702.44. The sale was disclosed in a document filed with the SEC, which is available at the SEC website. Also, insider Hillary Ashton sold 9,743 shares of the stock in a transaction dated Friday, March 1st. The stock was sold at an average price of $37.45, for a total value of $364,875.35. Following the completion of the sale, the insider now directly owns 156,704 shares of the company's stock, valued at $5,868,564.80. The disclosure for this sale can be found here. Insiders sold 76,615 shares of company stock valued at $2,903,644 over the last 90 days. 0.86% of the stock is currently owned by corporate insiders.

Institutional Investors Weigh In On Teradata

Several hedge funds have recently bought and sold shares of the business. Quantbot Technologies LP lifted its stake in Teradata by 9,353.1% in the 1st quarter. Quantbot Technologies LP now owns 83,471 shares of the technology company's stock worth $3,228,000 after acquiring an additional 82,588 shares in the last quarter. Texas Permanent School Fund Corp lifted its stake in Teradata by 1.4% in the 1st quarter. Texas Permanent School Fund Corp now owns 85,594 shares of the technology company's stock worth $3,310,000 after acquiring an additional 1,147 shares in the last quarter. Central Pacific Bank Trust Division acquired a new position in Teradata in the 1st quarter worth about $126,000. BNP Paribas Financial Markets increased its position in Teradata by 7.6% in the 1st quarter. BNP Paribas Financial Markets now owns 79,168 shares of the technology company's stock worth $3,061,000 after purchasing an additional 5,605 shares during the last quarter. Finally, Diversify Advisory Services LLC acquired a new position in Teradata in the 1st quarter worth about $537,000. 90.31% of the stock is owned by hedge funds and other institutional investors.

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.