Teradata (NYSE:TDC) Issues Earnings Results

Teradata (NYSE:TDC – Get Rating) released its quarterly earnings data on Thursday. The technology company reported $0.33 EPS for the quarter, topping analysts’ consensus estimates of $0.32 by $0.01, Briefing.com reports. The firm had revenue of $430.00 million during the quarter, compared to the consensus estimate of $441.70 million. Teradata had a net margin of 6.76% and a return on equity of 42.19%. The firm’s revenue was down 12.4% on a year-over-year basis. During the same quarter in the previous year, the company posted $0.51 earnings per share.

Teradata Stock Performance

Shares of NYSE TDC traded down $3.13 during midday trading on Friday, reaching $35.71. 2,306,045 shares of the company traded hands, compared to its average volume of 973,285. Teradata has a 52 week low of $33.38 and a 52 week high of $59.38. The stock has a 50-day moving average price of $37.72 and a 200 day moving average price of $41.95. The company has a debt-to-equity ratio of 1.60, a current ratio of 0.87 and a quick ratio of 0.85. The company has a market cap of $3.74 billion, a price-to-earnings ratio of 30.78, a PEG ratio of 3.27 and a beta of 1.01.

Insider Activity at Teradata

In related news, CFO Claire Bramley sold 2,100 shares of Teradata stock in a transaction dated Thursday, May 26th. The shares were sold at an average price of $35.54, for a total transaction of $74,634.00. Following the sale, the chief financial officer now directly owns 99,622 shares in the company, valued at $3,540,565.88. The sale was disclosed in a document filed with the SEC, which is available through the SEC website. Company insiders own 0.92% of the company’s stock.

Institutional Investors Weigh In On Teradata

A number of hedge funds and other institutional investors have recently modified their holdings of the stock. Lazard Asset Management LLC raised its position in Teradata by 48.6% in the first quarter. Lazard Asset Management LLC now owns 1,933 shares of the technology company’s stock worth $95,000 after acquiring an additional 632 shares in the last quarter. Canada Pension Plan Investment Board bought a new stake in Teradata in the first quarter worth about $44,000. Rhumbline Advisers raised its position in Teradata by 0.3% in the first quarter. Rhumbline Advisers now owns 302,170 shares of the technology company’s stock worth $14,894,000 after acquiring an additional 947 shares in the last quarter. Mirae Asset Global Investments Co. Ltd. raised its position in Teradata by 9.4% in the first quarter. Mirae Asset Global Investments Co. Ltd. now owns 12,209 shares of the technology company’s stock worth $602,000 after acquiring an additional 1,051 shares in the last quarter. Finally, Ontario Teachers Pension Plan Board raised its position in Teradata by 9.9% in the first quarter. Ontario Teachers Pension Plan Board now owns 11,743 shares of the technology company’s stock worth $579,000 after acquiring an additional 1,055 shares in the last quarter. 98.54% of the stock is currently owned by institutional investors.

Analyst Upgrades and Downgrades

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

Teradata Company Profile

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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, 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.