Teradata (NYSE:TDC) Receives New Coverage from Analysts at UBS Group

Posted by ABMN Staff on Jul 20th, 2024

UBS Group began coverage on shares of Teradata (NYSE:TDC – Free Report) in a research report sent to investors on Friday, Marketbeat.com reports. The firm issued a sell rating and a $32.00 target price on the technology company’s stock.

A number of other brokerages also recently commented on TDC. Barclays cut their price objective on Teradata from $39.00 to $35.00 and set an underweight rating for the company in a research report on Tuesday, May 7th. Evercore ISI dropped their price target on Teradata from $58.00 to $46.00 and set an outperform rating on the stock in a research note on Tuesday, May 7th. StockNews.com lowered shares of Teradata from a strong-buy rating to a buy rating in a research note on Friday, April 12th. Royal Bank of Canada dropped their target price on shares of Teradata from $48.00 to $44.00 and set a sector perform rating on the stock in a research report on Tuesday, May 7th. Finally, Bank of America downgraded shares of Teradata from a neutral rating to an underperform rating and reduced their price target for the company from $48.00 to $39.00 in a research report on Tuesday, May 7th. Three equities research analysts have rated the stock with a sell rating, three have assigned a hold rating and seven have issued a buy rating to the stock. According to data from MarketBeat, the stock presently has an average rating of Hold and an average price target of $49.25.

Read Our Latest Stock Report on Teradata

Teradata Stock Down 10.2 %

TDC opened at $30.87 on Friday. The company has a debt-to-equity ratio of 9.83, a quick ratio of 0.77 and a current ratio of 0.78. The company has a market capitalization of $2.99 billion, a PE ratio of 73.50, a P/E/G ratio of 2.33 and a beta of 0.83. The stock’s fifty day moving average is $33.40 and its 200-day moving average is $37.98. Teradata has a one year low of $30.60 and a one year high of $57.73.

Teradata (NYSE:TDC – Get Free Report) last issued its quarterly earnings results on Monday, May 6th. The technology company reported $0.57 EPS for the quarter, topping the consensus estimate of $0.55 by $0.02. The firm had revenue of $465.00 million for the quarter, compared to analysts’ expectations of $461.93 million. Teradata had a net margin of 2.31% and a return on equity of 70.34%. Teradata’s revenue for the quarter was down 2.3% compared to the same quarter last year. During the same period in the previous year, the business earned $0.40 earnings per share. On average, equities analysts predict that Teradata will post 1.15 EPS for the current fiscal year.

Insiders Place Their Bets

In related news, CEO Stephen Mcmillan sold 10,000 shares of the business’s stock in a transaction that occurred on Friday, May 24th. The stock was sold at an average price of $31.95, for a total value of $319,500.00. Following the completion of the sale, the chief executive officer now owns 393,579 shares of the company’s stock, valued at approximately $12,574,849.05. The sale was disclosed in a document filed with the SEC, which is available at this link. In other Teradata news, insider Michael D. Hutchinson sold 18,500 shares of the firm’s stock in a transaction dated Thursday, May 9th. The stock was sold at an average price of $32.96, for a total transaction of $609,760.00. Following the transaction, the insider now directly owns 55,190 shares in the company, valued at $1,819,062.40. The transaction was disclosed in a filing with the SEC, which is available through this link. Also, CEO Stephen Mcmillan sold 10,000 shares of the company’s stock in a transaction dated Friday, May 24th. The stock was sold at an average price of $31.95, for a total value of $319,500.00. Following the sale, the chief executive officer now owns 393,579 shares of the company’s stock, valued at approximately $12,574,849.05. The disclosure for this sale can be found here. Insiders own 0.92% of the company’s stock.

Institutional Inflows and Outflows

A number of institutional investors have recently made changes to their positions in the stock. Sound Income Strategies LLC acquired a new position in Teradata during the first quarter valued at approximately $31,000. Principal Securities Inc. bought a new stake in shares of Teradata during the 4th quarter worth $38,000. Hexagon Capital Partners LLC grew its stake in Teradata by 111.4% in the 2nd quarter. Hexagon Capital Partners LLC now owns 962 shares of the technology company’s stock valued at $33,000 after buying an additional 507 shares during the last quarter. GAMMA Investing LLC bought a new position in Teradata in the 4th quarter worth $47,000. Finally, International Assets Investment Management LLC lifted its position in Teradata by 173.0% during the 4th quarter. International Assets Investment Management LLC now owns 1,914 shares of the technology company’s stock worth $83,000 after acquiring an additional 1,213 shares during the last quarter. 90.31% of the stock is owned by institutional investors.

About Teradata

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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.