Teradata (NYSE:TDC) Rating Lowered to C at TheStreet

Teradata (NYSE:TDCGet Rating) was downgraded by analysts at TheStreet from a “b-” rating to a “c” rating in a report released on Thursday, TheStreetRatingsTable reports.

Several other research analysts have also recently weighed in on the company. Craig Hallum decreased their target price on Teradata from $65.00 to $57.00 in a research note on Friday, May 6th. Barclays reduced their price objective on Teradata from $42.00 to $36.00 and set an “underweight” rating for the company in a research note on Monday, July 18th. Finally, StockNews.com downgraded Teradata from a “strong-buy” rating to a “buy” rating in a research note on Thursday, May 5th. Two research analysts have rated the stock with a sell rating, two have issued a hold rating and seven have assigned a buy rating to the company. According to data from MarketBeat.com, the stock currently has a consensus rating of “Hold” and an average target price of $56.40.

Teradata Stock Down 8.1 %

NYSE TDC opened at $35.71 on Thursday. The stock has a market cap of $3.74 billion, a PE ratio of 48.92, a P/E/G ratio of 3.30 and a beta of 1.01. Teradata has a fifty-two week low of $33.38 and a fifty-two week high of $59.38. The business has a 50 day moving average price of $37.72 and a two-hundred day moving average price of $41.95. The company has a quick ratio of 0.85, a current ratio of 0.87 and a debt-to-equity ratio of 1.60.

Teradata (NYSE:TDCGet Rating) last posted its quarterly earnings results on Thursday, August 4th. The technology company reported $0.33 earnings per share (EPS) for the quarter, beating the consensus estimate of $0.32 by $0.01. Teradata had a return on equity of 30.45% and a net margin of 4.41%. The business had revenue of $430.00 million for the quarter, compared to analyst estimates of $441.70 million. During the same period in the prior year, the company posted $0.51 EPS. The business’s revenue was down 12.4% compared to the same quarter last year. As a group, sell-side analysts predict that Teradata will post 0.43 EPS for the current fiscal year.

Insider Buying and Selling at Teradata

In other news, CFO Claire Bramley sold 2,100 shares of Teradata stock in a transaction that occurred on Thursday, May 26th. The stock was sold at an average price of $35.54, for a total transaction of $74,634.00. Following the sale, the chief financial officer now owns 99,622 shares of the company’s stock, valued at approximately $3,540,565.88. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is available through the SEC website. Insiders own 0.92% of the company’s stock.

Institutional Trading of Teradata

Institutional investors have recently modified their holdings of the company. Whittier Trust Co. of Nevada Inc. bought a new position in shares of Teradata during the 2nd quarter worth approximately $31,000. Geneos Wealth Management Inc. lifted its position in shares of Teradata by 50.8% during the 4th quarter. Geneos Wealth Management Inc. now owns 799 shares of the technology company’s stock worth $33,000 after buying an additional 269 shares during the period. Harel Insurance Investments & Financial Services Ltd. lifted its position in shares of Teradata by 62.8% during the 4th quarter. Harel Insurance Investments & Financial Services Ltd. now owns 819 shares of the technology company’s stock worth $35,000 after buying an additional 316 shares during the period. Parallel Advisors LLC lifted its position in shares of Teradata by 480.1% during the 2nd quarter. Parallel Advisors LLC now owns 1,137 shares of the technology company’s stock worth $42,000 after buying an additional 941 shares during the period. Finally, Canada Pension Plan Investment Board bought a new position in shares of Teradata during the 1st quarter worth approximately $44,000. Institutional investors and hedge funds own 98.54% of the company’s stock.

About Teradata

(Get Rating)

Teradata Corporation, together with its subsidiaries, provides a connected multi-cloud data platform for enterprise analytics. The company offers Teradata Vantage, a data platform that allows companies to leverage their data across an enterprise, as well as connects various sources of data to drive ecosystem simplification and support customers on their journey to the cloud through an integrated migration.

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