Royal Bank Of Canada Reiterates Hold Rating for Teradata Corporation (TDC)
Teradata Corporation (NYSE:TDC)‘s stock had its “hold” rating reissued by equities researchers at Royal Bank Of Canada in a research note issued on Wednesday. They presently have a $30.00 price objective on the technology company’s stock. Royal Bank Of Canada’s price target indicates a potential downside of 7.15% from the stock’s current price.
Other research analysts also recently issued research reports about the company. BidaskClub raised Teradata Corporation from a “hold” rating to a “buy” rating in a report on Friday, August 4th. Needham & Company LLC initiated coverage on Teradata Corporation in a research note on Monday, September 11th. They issued a “hold” rating on the stock. Stifel Nicolaus reaffirmed a “hold” rating and issued a $32.00 price objective on shares of Teradata Corporation in a research note on Monday, August 14th. BMO Capital Markets reaffirmed a “hold” rating and issued a $30.00 price objective on shares of Teradata Corporation in a research note on Sunday, July 16th. Finally, Sanford C. Bernstein reaffirmed an “underperform” rating and issued a $27.00 price objective on shares of Teradata Corporation in a research note on Monday, September 11th. Four analysts have rated the stock with a sell rating, ten have assigned a hold rating and one has assigned a buy rating to the company’s stock. The company currently has a consensus rating of “Hold” and a consensus price target of $28.89.
Shares of Teradata Corporation (NYSE:TDC) traded down 0.06% during midday trading on Wednesday, reaching $32.29. The company had a trading volume of 90,270 shares. The company has a 50 day moving average of $32.68 and a 200 day moving average of $30.46. Teradata Corporation has a 12-month low of $26.27 and a 12-month high of $34.30. The firm has a market capitalization of $4.07 billion, a price-to-earnings ratio of 42.10 and a beta of 1.26.
Teradata Corporation (NYSE:TDC) last posted its earnings results on Thursday, July 27th. The technology company reported $0.22 earnings per share for the quarter, meeting analysts’ consensus estimates of $0.22. Teradata Corporation had a return on equity of 21.12% and a net margin of 4.63%. The company had revenue of $513.00 million for the quarter, compared to the consensus estimate of $519.79 million. During the same quarter in the prior year, the company earned $0.71 earnings per share. Teradata Corporation’s revenue was down 14.4% on a year-over-year basis. Analysts anticipate that Teradata Corporation will post $1.25 EPS for the current year.
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In other Teradata Corporation news, insider Victor L. Lund bought 31,270 shares of the firm’s stock in a transaction that occurred on Monday, July 31st. The shares were bought at an average price of $31.95 per share, with a total value of $999,076.50. Following the purchase, the insider now owns 111,447 shares of the company’s stock, valued at $3,560,731.65. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is available at the SEC website. Also, CFO Stephen Mark Scheppmann sold 47,065 shares of Teradata Corporation stock in a transaction that occurred on Monday, July 31st. The shares were sold at an average price of $31.83, for a total value of $1,498,078.95. Following the sale, the chief financial officer now directly owns 143,689 shares in the company, valued at approximately $4,573,620.87. The disclosure for this sale can be found here. 1.73% of the stock is currently owned by company insiders.
A number of institutional investors and hedge funds have recently modified their holdings of TDC. Comerica Bank raised its stake in Teradata Corporation by 0.3% during the 1st quarter. Comerica Bank now owns 31,346 shares of the technology company’s stock valued at $921,000 after purchasing an additional 98 shares during the period. UBS Asset Management Americas Inc. raised its stake in Teradata Corporation by 13.0% during the 1st quarter. UBS Asset Management Americas Inc. now owns 111,023 shares of the technology company’s stock valued at $3,455,000 after purchasing an additional 12,814 shares during the period. Alliancebernstein L.P. raised its stake in Teradata Corporation by 43.7% during the 1st quarter. Alliancebernstein L.P. now owns 323,348 shares of the technology company’s stock valued at $10,063,000 after purchasing an additional 98,268 shares during the period. Credit Agricole S A raised its stake in Teradata Corporation by 41.4% during the 1st quarter. Credit Agricole S A now owns 13,336 shares of the technology company’s stock valued at $415,000 after purchasing an additional 3,904 shares during the period. Finally, Principal Financial Group Inc. raised its stake in Teradata Corporation by 1.7% during the 1st quarter. Principal Financial Group Inc. now owns 208,504 shares of the technology company’s stock valued at $6,489,000 after purchasing an additional 3,426 shares during the period. 99.95% of the stock is currently owned by institutional investors.
About Teradata Corporation
Teradata Corporation is a provider of analytic data platforms, analytic applications and related services. The Company’s segments include Americas region (North America and Latin America) and International region (Europe, Middle East, Africa, Asia Pacific and Japan). Its offerings include analytics solutions, ecosystem architecture consulting and hybrid cloud solutions.
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