Stock Traders Purchase High Volume of Teradata Put Options (TDC)

Teradata (NYSE:TDC) was the recipient of unusually large options trading activity on Thursday. Traders purchased 679 put options on the company. This is an increase of 1,181% compared to the average volume of 53 put options.

TDC has been the topic of a number of analyst reports. Morgan Stanley raised shares of Teradata from an “underweight” rating to an “equal weight” rating and lifted their price objective for the stock from $31.00 to $40.00 in a report on Tuesday, January 23rd. Bank of America cut their price objective on shares of Teradata from $48.00 to $45.00 and set a “buy” rating on the stock in a report on Friday, February 9th. Wells Fargo lifted their price objective on shares of Teradata from $27.50 to $30.00 and gave the stock an “underperform” rating in a report on Friday, February 9th. Cowen raised shares of Teradata from a “market perform” rating to an “outperform” rating in a report on Friday, February 2nd. Finally, Zacks Investment Research downgraded shares of Teradata from a “buy” rating to a “hold” rating in a report on Friday, January 5th. Four analysts have rated the stock with a sell rating, nine have issued a hold rating and four have issued a buy rating to the company’s stock. Teradata has a consensus rating of “Hold” and an average price target of $34.82.

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In other Teradata news, General Counsel Laura K. Nyquist sold 52,379 shares of Teradata stock in a transaction on Monday, March 5th. The shares were sold at an average price of $41.52, for a total transaction of $2,174,776.08. The transaction was disclosed in a filing with the SEC, which is available through this link. Also, Director James M. Ringler sold 7,496 shares of Teradata stock in a transaction on Tuesday, March 6th. The stock was sold at an average price of $41.85, for a total transaction of $313,707.60. The disclosure for this sale can be found here. Insiders have sold a total of 67,371 shares of company stock worth $2,761,638 over the last ninety days. Insiders own 1.22% of the company’s stock.

Several large investors have recently modified their holdings of TDC. Amundi Pioneer Asset Management Inc. purchased a new position in shares of Teradata in the 4th quarter worth about $175,000. Oppenheimer & Co. Inc. bought a new stake in Teradata in the 4th quarter valued at about $207,000. ARP Americas LP bought a new stake in Teradata in the 4th quarter valued at about $238,000. Sciencast Management LP bought a new stake in Teradata in the 4th quarter valued at about $241,000. Finally, Price Capital Management Inc. bought a new stake in Teradata in the 4th quarter valued at about $242,000. 97.94% of the stock is currently owned by institutional investors.

Shares of NYSE:TDC opened at $39.37 on Friday. The company has a current ratio of 1.65, a quick ratio of 1.62 and a debt-to-equity ratio of 0.72. The stock has a market capitalization of $4,861.70, a P/E ratio of 48.60, a P/E/G ratio of 12.46 and a beta of 1.18. Teradata has a fifty-two week low of $27.05 and a fifty-two week high of $42.84.

Teradata (NYSE:TDC) last issued its quarterly earnings results on Thursday, February 8th. The technology company reported $0.58 earnings per share for the quarter, topping the Zacks’ consensus estimate of $0.40 by $0.18. The company had revenue of $626.00 million for the quarter, compared to the consensus estimate of $610.50 million. Teradata had a negative net margin of 3.11% and a positive return on equity of 15.54%. The firm’s quarterly revenue was up .0% on a year-over-year basis. During the same period in the previous year, the firm earned $0.67 EPS. analysts expect that Teradata will post 1.07 EPS for the current year.

Teradata declared that its Board of Directors has authorized a share buyback program on Thursday, February 8th that authorizes the company to repurchase $310.00 million in outstanding shares. This repurchase authorization authorizes the technology company to purchase shares of its stock through open market purchases. Shares repurchase programs are often a sign that the company’s board believes its shares are undervalued.

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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.

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