Teradata (NYSE:TDC) Given New $40.00 Price Target at Royal Bank of Canada

Teradata (NYSE:TDC) had its price target decreased by Royal Bank of Canada to $40.00 in a research report released on Friday, The Fly reports. Royal Bank of Canada currently has a market perform rating on the technology company’s stock.

Other equities research analysts have also recently issued research reports about the stock. TheStreet cut shares of Teradata from a b- rating to a c rating in a research note on Friday, May 3rd. Barclays restated a sell rating and set a $33.00 target price on shares of Teradata in a research note on Sunday, May 5th. Zacks Investment Research cut shares of Teradata from a hold rating to a sell rating and set a $29.00 target price on the stock. in a research note on Monday, May 27th. Finally, ValuEngine upgraded shares of Teradata from a hold rating to a buy rating in a research note on Monday, July 29th. Three analysts have rated the stock with a sell rating, two have given a hold rating and four have issued a buy rating to the company. The company presently has an average rating of Hold and an average price target of $43.63.

NYSE TDC traded down $2.70 on Friday, reaching $32.99. 2,221,780 shares of the stock were exchanged, compared to its average volume of 793,516. Teradata has a one year low of $32.83 and a one year high of $49.42. The firm has a market cap of $4.29 billion, a price-to-earnings ratio of 37.49, a PEG ratio of 1.96 and a beta of 1.19. The firm’s 50-day moving average price is $35.88. The company has a debt-to-equity ratio of 1.19, a current ratio of 1.42 and a quick ratio of 1.37.

Teradata (NYSE:TDC) last released its earnings results on Thursday, August 1st. The technology company reported $0.29 EPS for the quarter, topping analysts’ consensus estimates of $0.17 by $0.12. Teradata had a net margin of 1.27% and a return on equity of 20.91%. The company had revenue of $478.00 million for the quarter, compared to analysts’ expectations of $485.17 million. During the same quarter last year, the business earned $0.26 EPS. The firm’s revenue was down 12.1% compared to the same quarter last year. As a group, research analysts predict that Teradata will post 0.99 earnings per share for the current year.

Teradata announced that its board has initiated a stock repurchase plan on Thursday, August 1st that authorizes the company to buyback $500.00 million in outstanding shares. This buyback authorization authorizes the technology company to buy up to 11.7% of its stock through open market purchases. Stock buyback plans are usually an indication that the company’s board of directors believes its stock is undervalued.

In related news, CFO Mark Culhane acquired 1,400 shares of Teradata stock in a transaction dated Monday, May 6th. The shares were purchased at an average price of $39.35 per share, for a total transaction of $55,090.00. Following the completion of the transaction, the chief financial officer now directly owns 57,485 shares in the company, valued at approximately $2,262,034.75. The transaction was disclosed in a document filed with the SEC, which can be accessed through this hyperlink. Company insiders own 1.12% of the company’s stock.

Several institutional investors have recently added to or reduced their stakes in the company. First Trust Advisors LP raised its position in shares of Teradata by 35.0% during the first quarter. First Trust Advisors LP now owns 2,912,423 shares of the technology company’s stock valued at $127,127,000 after buying an additional 754,396 shares during the last quarter. AJO LP raised its position in shares of Teradata by 0.3% during the first quarter. AJO LP now owns 1,705,612 shares of the technology company’s stock valued at $74,450,000 after buying an additional 5,832 shares during the last quarter. Norges Bank bought a new stake in shares of Teradata during the fourth quarter valued at approximately $59,216,000. American Century Companies Inc. raised its position in shares of Teradata by 15.7% during the fourth quarter. American Century Companies Inc. now owns 1,301,194 shares of the technology company’s stock valued at $49,914,000 after buying an additional 176,831 shares during the last quarter. Finally, Ardevora Asset Management LLP raised its position in shares of Teradata by 53.0% during the second quarter. Ardevora Asset Management LLP now owns 1,161,441 shares of the technology company’s stock valued at $41,638,000 after buying an additional 402,500 shares during the last quarter. Hedge funds and other institutional investors own 96.67% of the company’s stock.

Teradata Company Profile

Teradata Corporation provides hybrid cloud analytics software. Its solutions and services comprise software, hardware, and related business consulting and support services to deliver analytics in company's analytical ecosystem. It operates through three segments: North America and Latin America region; Europe, Middle East and Africa region; and Asia Pacific and Japan region.

Further Reading: Cost of equity and a company’s balance sheet

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