Barclays Cuts Teradata (NYSE:TDC) Price Target to $39.00

Teradata (NYSE:TDC - Free Report) had its price objective reduced by Barclays from $43.00 to $39.00 in a research note published on Monday morning, Benzinga reports. They currently have an underweight rating on the technology company's stock.

TDC has been the topic of a number of other reports. Royal Bank of Canada dropped their price target on shares of Teradata from $59.00 to $48.00 and set a sector perform rating on the stock in a research note on Tuesday, February 13th. JMP Securities reiterated a market outperform rating and set a $72.00 price target on shares of Teradata in a research note on Tuesday, February 13th. StockNews.com downgraded shares of Teradata from a strong-buy rating to a buy rating in a report on Friday. Citigroup boosted their price objective on shares of Teradata from $57.00 to $60.00 and gave the stock a buy rating in a report on Monday, February 12th. Finally, Morgan Stanley downgraded shares of Teradata from an overweight rating to an equal weight rating and reduced their price target for the company from $74.00 to $48.00 in a report on Tuesday, February 13th. One investment analyst has rated the stock with a sell rating, three have assigned a hold rating and seven have given a buy rating to the company. According to data from MarketBeat.com, Teradata presently has an average rating of Moderate Buy and a consensus target price of $56.90.

Teradata Stock Down 1.5 %

Shares of Teradata stock traded down $0.54 during trading on Monday, hitting $35.77. 949,389 shares of the stock were exchanged, compared to its average volume of 1,124,484. The firm's 50-day moving average price is $39.05 and its 200 day moving average price is $43.13. Teradata has a 12-month low of $35.69 and a 12-month high of $57.73. The company has a debt-to-equity ratio of 4.02, a current ratio of 0.87 and a quick ratio of 0.86. The stock has a market cap of $3.49 billion, a price-to-earnings ratio of 58.64, a price-to-earnings-growth ratio of 1.60 and a beta of 0.95.

Teradata (NYSE:TDC - Get Free Report) last announced its quarterly earnings results on Monday, February 12th. The technology company reported $0.56 EPS for the quarter, topping the consensus estimate of $0.51 by $0.05. The firm had revenue of $457.00 million for the quarter, compared to analyst estimates of $455.84 million. Teradata had a net margin of 3.38% and a return on equity of 58.25%. Teradata's revenue for the quarter was up 1.1% compared to the same quarter last year. During the same period last year, the business earned $0.05 EPS. As a group, analysts forecast that Teradata will post 1.27 earnings per share for the current fiscal year.

Insider Activity

In other news, insider Kathleen R. Cullen-Cote sold 26,275 shares of the business's stock in a transaction that occurred on Tuesday, March 5th. The shares were sold at an average price of $37.57, for a total value of $987,151.75. Following the completion of the transaction, the insider now owns 127,595 shares of the company's stock, valued at $4,793,744.15. The transaction was disclosed in a document filed with the SEC, which is accessible through this link. In related 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 shares were 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 $4,793,744.15. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is accessible through the SEC website. Also, CEO Stephen Mcmillan sold 40,597 shares of the company's stock in a transaction that occurred 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 transaction, the chief executive officer now directly owns 528,302 shares of the company's stock, valued at approximately $20,191,702.44. The disclosure for this sale can be found here. Insiders sold a total of 76,615 shares of company stock valued at $2,903,644 over the last 90 days. Insiders own 0.86% of the company's stock.

Hedge Funds Weigh In On Teradata

Several institutional investors and hedge funds have recently bought and sold shares of the stock. Orion Portfolio Solutions LLC increased its position in Teradata by 3.5% during the third quarter. Orion Portfolio Solutions LLC now owns 7,583 shares of the technology company's stock worth $341,000 after purchasing an additional 259 shares during the last quarter. Fifth Third Bancorp increased its position in shares of Teradata by 6.8% in the third quarter. Fifth Third Bancorp now owns 4,336 shares of the technology company's stock worth $195,000 after acquiring an additional 276 shares in the last quarter. HB Wealth Management LLC increased its position in shares of Teradata by 4.5% in the fourth quarter. HB Wealth Management LLC now owns 6,488 shares of the technology company's stock worth $282,000 after acquiring an additional 280 shares in the last quarter. Vanguard Personalized Indexing Management LLC increased its position in shares of Teradata by 3.4% in the fourth quarter. Vanguard Personalized Indexing Management LLC now owns 9,169 shares of the technology company's stock worth $399,000 after acquiring an additional 305 shares in the last quarter. Finally, Creative Planning increased its position in shares of Teradata by 2.5% in the third quarter. Creative Planning now owns 12,347 shares of the technology company's stock worth $556,000 after acquiring an additional 307 shares in the last quarter. Institutional investors and hedge funds own 90.31% of the company's stock.

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.