According to Zacks, “Teradata’s shares have considerably outperformed the industry over the past year. The company’s customer wins and strengthening relationships with large vendors are expected to drive its top line. Additionally, the ongoing transition to subscription-based pricing programs is expected to drive top-line growth in the long haul. The company’s focus on penetrating the top 500 high-valued and high-margin customers is a key catalyst. However, Teradata’s growth has been negatively impacted by declining perpetual license revenues. Moreover, waning consulting services revenues as Teradata realigns resources to Vantage solution is an overhang. A sluggish spending environment in the domestic market and increasing competition continue to weigh on Teradata’s financials.”
Other analysts also recently issued reports about the company. BMO Capital Markets reissued a “market perform” rating and set a $45.00 price objective (up from $40.00) on shares of Teradata in a research report on Friday, February 8th. Cowen raised their price objective on Teradata from $51.00 to $55.00 and gave the stock an “outperform” rating in a research report on Monday, February 11th. TheStreet raised Teradata from a “c+” rating to a “b-” rating in a research report on Friday, February 8th. ValuEngine downgraded Teradata from a “strong-buy” rating to a “buy” rating in a research report on Wednesday, March 20th. Finally, Citigroup downgraded Teradata from a “neutral” rating to a “sell” rating and cut their price objective for the stock from $42.00 to $36.00 in a research report on Wednesday, March 20th. Three research analysts have rated the stock with a sell rating, three have assigned a hold rating and five have issued a buy rating to the stock. The company has a consensus rating of “Hold” and an average price target of $46.78.
Teradata (NYSE:TDC) last released its quarterly earnings data on Thursday, February 7th. The technology company reported $0.49 earnings per share for the quarter, topping the Zacks’ consensus estimate of $0.44 by $0.05. Teradata had a net margin of 1.39% and a return on equity of 18.18%. The company had revenue of $588.00 million during the quarter, compared to analyst estimates of $565.94 million. During the same period in the prior year, the firm earned $0.58 earnings per share. The firm’s revenue for the quarter was down 6.1% compared to the same quarter last year. As a group, equities research analysts expect that Teradata will post 1.06 EPS for the current year.
In other news, Director Lisa R. Bacus sold 12,000 shares of Teradata stock in a transaction dated Thursday, March 14th. The stock was sold at an average price of $48.04, for a total value of $576,480.00. Following the completion of the transaction, the director now owns 22,486 shares in the company, valued at approximately $1,080,227.44. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is accessible through this link. Also, Director James M. Ringler sold 10,710 shares of Teradata stock in a transaction dated Tuesday, February 19th. The shares were sold at an average price of $46.34, for a total value of $496,301.40. Following the completion of the transaction, the director now owns 57,180 shares of the company’s stock, valued at approximately $2,649,721.20. The disclosure for this sale can be found here. Insiders own 1.12% of the company’s stock.
Several institutional investors and hedge funds have recently made changes to their positions in TDC. Macquarie Group Ltd. purchased a new position in shares of Teradata in the 4th quarter valued at about $32,000. Mondrian Capital Management LLC purchased a new stake in Teradata during the fourth quarter worth approximately $38,000. Penserra Capital Management LLC lifted its stake in Teradata by 21.7% during the fourth quarter. Penserra Capital Management LLC now owns 1,215 shares of the technology company’s stock worth $46,000 after purchasing an additional 217 shares during the last quarter. Oregon Public Employees Retirement Fund lifted its stake in Teradata by 3,695.9% during the fourth quarter. Oregon Public Employees Retirement Fund now owns 1,813,738 shares of the technology company’s stock worth $47,000 after purchasing an additional 1,765,956 shares during the last quarter. Finally, Cerebellum GP LLC purchased a new stake in Teradata during the fourth quarter worth approximately $77,000. Institutional investors and hedge funds own 96.23% of the company’s stock.
Teradata Company Profile
Teradata Corporation provides analytic data solutions and related services worldwide. The company operates through Americas Data and Analytics, and International Data and Analytics segments. Its analytic data solutions comprise software, hardware, and related business consulting and support services.
Recommended Story: Treasury Bonds
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.