Teradata (NYSE:TDC – Get Rating) was downgraded by Zacks Investment Research from a “hold” rating to a “strong sell” rating in a report released on Wednesday, Zacks.com reports. They currently have a $29.00 price objective on the technology company’s stock. Zacks Investment Research‘s target price indicates a potential downside of 15.18% from the company’s current price.
According to Zacks, “Teradata’s first-quarter results were affected by declining consulting services revenues. Further, the weak performance delivered by the company in the EMEA, Asia Pacific & Japan was a negative. Notably, the stock has underperformed the industry it belongs to on a year-to-date basis. Nevertheless, increasing recurring and perpetual revenues contributed well to the top-line growth. Further, the strong performance delivered by the company in the Americas region was a positive. However, the company’s weak guidance for 2022 remains a negative. Notably, the company ceased its operations in Russia as a result of the ongoing Russia-Ukraine war. This is expected to remain a headwind in each of the remaining quarters of this year. The company also expects unfavorable foreign currency fluctuations in the current quarter, which is a headwind.”
Several other equities analysts also recently weighed in on TDC. TheStreet raised Teradata from a “c+” rating to a “b-” rating in a research report on Tuesday, February 8th. Citigroup lifted their price objective on Teradata from $48.00 to $56.00 and gave the company a “buy” rating in a research report on Tuesday, February 8th. Bank of America lifted their price objective on Teradata from $71.00 to $76.00 and gave the company a “buy” rating in a research report on Tuesday, February 8th. Barclays lowered their price objective on Teradata from $50.00 to $43.00 in a research report on Wednesday, January 12th. Finally, Cowen boosted their price target on Teradata from $47.00 to $48.00 and gave the company a “market perform” rating in a research report on Tuesday, February 8th. Two 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’s stock. Based on data from MarketBeat, the stock currently has an average rating of “Hold” and a consensus target price of $54.55.
Shares of TDC traded down $0.22 during mid-day trading on Wednesday, hitting $34.19. The company’s stock had a trading volume of 18,896 shares, compared to its average volume of 1,095,554. The company has a current ratio of 1.07, a quick ratio of 1.05 and a debt-to-equity ratio of 0.82. The firm has a 50-day simple moving average of $45.42 and a 200 day simple moving average of $45.81. The firm has a market capitalization of $3.50 billion, a P/E ratio of 29.43, a P/E/G ratio of 1.21 and a beta of 1.08. Teradata has a 1-year low of $33.38 and a 1-year high of $59.38.
Teradata (NYSE:TDC – Get Rating) last posted its quarterly earnings results on Thursday, May 5th. The technology company reported $0.65 EPS for the quarter, beating the consensus estimate of $0.63 by $0.02. The business had revenue of $496.00 million during the quarter, compared to analysts’ expectations of $490.86 million. Teradata had a return on equity of 37.05% and a net margin of 6.76%. The company’s quarterly revenue was up 1.0% compared to the same quarter last year. During the same period last year, the firm earned $0.55 EPS. As a group, sell-side analysts predict that Teradata will post 1.6 EPS for the current fiscal year.
In other news, Director Timothy C. K. Chou sold 4,092 shares of the company’s stock in a transaction on Wednesday, April 20th. The shares were sold at an average price of $45.82, for a total value of $187,495.44. Following the transaction, the director now directly owns 18,229 shares of the company’s stock, valued at $835,252.78. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is available at this hyperlink. Also, CRO Todd Cione sold 5,925 shares of the company’s stock in a transaction on Wednesday, March 2nd. The stock was sold at an average price of $48.94, for a total transaction of $289,969.50. The disclosure for this sale can be found here. Insiders sold 58,940 shares of company stock valued at $2,860,208 in the last 90 days. Corporate insiders own 0.69% of the company’s stock.
A number of institutional investors and hedge funds have recently made changes to their positions in the business. FMR LLC boosted its position in shares of Teradata by 18.2% during the first quarter. FMR LLC now owns 19,046 shares of the technology company’s stock worth $831,000 after purchasing an additional 2,934 shares in the last quarter. Morgan Stanley increased its position in Teradata by 60.4% in the 2nd quarter. Morgan Stanley now owns 323,627 shares of the technology company’s stock valued at $16,171,000 after acquiring an additional 121,822 shares during the period. Cambridge Investment Research Advisors Inc. increased its position in shares of Teradata by 7.3% during the third quarter. Cambridge Investment Research Advisors Inc. now owns 6,909 shares of the technology company’s stock worth $396,000 after buying an additional 473 shares during the period. Advisor Group Holdings Inc. boosted its stake in Teradata by 3.5% during the third quarter. Advisor Group Holdings Inc. now owns 11,283 shares of the technology company’s stock worth $647,000 after acquiring an additional 378 shares in the last quarter. Finally, Truist Financial Corp bought a new position in shares of Teradata in the third quarter valued at $729,000. Hedge funds and other institutional investors own 98.54% of the company’s stock.
Teradata Company Profile (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.
For more information about research offerings from Zacks Investment Research, visit Zacks.com
Receive News & Ratings for Teradata Daily – Enter your email address below to receive a concise daily summary of the latest news and analysts’ ratings for Teradata and related companies with MarketBeat.com’s FREE daily email newsletter.