The Vanguard Group, Inc. recently announced the acquisition of new stake in Teradata Corporation (NYSE:TDC). The institutional investor has increased its shareholding in the Technology company by 6.80% to 13.1 million shares with purchase of 0.83 million shares. This fresh investment now brings its stake to 12.07% valued currently at $272.39 million. In addition, Wellington Management Co. LLP raised its holdings by 1.15 million to 11.02 million shares. And BlackRock Fund Advisors has lifted its position by 1.95% or 0.19 million shares – to 10.12 million shares.
With over 0.9 million Teradata Corporation (TDC) shares trading Wednesday and a closing price of $20.48 on the day, the dollar volume was approximately $18.37 million. The shares have shown a positive weekly performance of 1.99% and its price on 07/22/20 lost nearly -0.24%. Currently, there are 110.30M common shares owned by the public and among those 106.50M shares have been available to trade.
An analysis of what Wall Street brokers have to say about the expected price targets for this stock gives us this picture: 13 analysts who have offered their price forecasts for TDC have a consensus price objective of $24.05. The analysts have set the share’s price value over the next 12 months at a high of $33.00 and a low of $16.00 should the stock experience a downside. Incidentally, analysts’ outlook for the Teradata Corporation stock is 3.10 for the next 12 months. The average price target is 12.4% above its last price level and an upside to the estimated low will see the stock lose -28.0% over that period. But an upside of 37.94% will see the stock hit the forecast high price target while mean target price for the stock is $24.00.
Insiders at the company have transacted a total of 46 times over the past 12 months, according to data filed with the U.S. Securities and Exchange Commission (SEC). 34 of these insider trades were purchases, accounting for 1,215,578 shares. Insider sales of the common stock occurred on 12 occasions, with total insider shares sold totaling 89,887 shares.
The top 3 mutual fund holders in Teradata Corporation are First Eagle Global Fund, Hartford Mid Cap Fund, and Vanguard Total Stock Market Index. First Eagle Global Fund owns 10.72 million shares of the company’s stock, all valued at over $223.01 million. Hartford Mid Cap Fund bought 0.3 million shares to see its total holdings expand to 7.06 million shares valued at over $146.83 million and representing 6.51% of the shares outstanding. Vanguard Total Stock Market Index sold -0.13 million shares to bring its total holdings to over 3.07 million shares at a value of $63.89 million. Vanguard Total Stock Market Index now owns shares totaling to 2.83% of the shares outstanding.
Shares of Teradata Corporation (NYSE: TDC) opened at $20.40, down -$0.13 from a prior closing price of $20.53. However, the script later closed the day at $20.48, down -0.24%. The company’s stock has a 5-day price change of 1.99% and -8.14% over the past three months. TDC shares are trading -23.31% year to date (YTD), with the 12-month market performance down to -41.73% lower. It has a 12-month low price of $17.62 and touched a high of $37.62 over the same period. Currently, 0.9 million shares have been traded, compared to an average intraday trading volume of 1.30 million shares. The stock is trading above its simple moving averages at the SMA20, SMA50, and SMA200, as the current price level is off by 1.69%, -1.01%, and -13.92% respectively.
Institutional ownership of Teradata Corporation (NYSE: TDC) shares accounts for 98.86% of the company’s 110.30M shares outstanding. Mutual fund holders own 4.12%, while other institutional holders and individual stakeholders account for 65.46% and 36.25% respectively.
It has a market capitalization of $2.23B and a beta (3y monthly) value of 1.01. The stock’s trailing 12-month PE ratio is 14.50, while the earnings-per-share (ttm) stands at $1.42. The company has a PEG of 0.68 and a Quick Ratio of 1.00 with the debt-to-equity ratio at 1.74. Price movements for the stock have been influenced by the stock’s volatility, which stands at 2.28% over the week and 2.75% over the month.
Analysts forecast that Teradata Corporation (TDC) will achieve an EPS of $0.22 for the current quarter, $0.22 for the next quarter and $1.36 for 2021. The lowest estimate earnings-per-share for the quarter is $0.18 while analysts give the company a high EPS estimate of $0.4. Comparatively, EPS for the current quarter was $0.29 a year ago. Earnings per share for the fiscal year are expected to decrease by -188.40%, and 42.47% over the next financial year. EPS should grow at an annualized rate of 21.20% over the next five years, compared to -15.70% over the past 5-year period.
If you are looking to buy this stock, then you may note that the average analyst recommendation by 13 brokerage firm advisors rate Teradata Corporation (TDC) as a “Hold” at a consensus score of 3.10. Specifically, 2 Wall Street analysts polled rate the stock as a buy, while 8 of the 13 advise that investors “hold,” and 3 rated it as a “Sell.”
Looking at the support for the TDC, a number of firms have released research notes about the stock. Citigroup stated their Buy rating for the stock in a research note on April 02, 2020, with the firm’s price target at $19-$28. BMO Capital Markets coverage for the Teradata Corporation (TDC) stock in a research note released on February 10, 2020 offered a Outperform rating with a price target of $27. BMO Capital Markets was of a view on November 11, 2019 that the stock is Market Perform, while Stifel gave the stock Hold rating on November 08, 2019, issuing a price target of $60- $25. Cowen on their part issued Market Perform rating on November 08, 2019.