Teradata Corporation (NYSE:TDC) Announces Increase in Repurchase Plan

[The Fly] Teradata Corporation (NYSE:TDC) announced that its Board of Directors has authorized an additional $300M for share repurchases under its general open market share repurchase program. The company now has approximately $450M available under this program as a result of the increased share repurchase authorization. The company also has an ongoing anti-dilution offset repurchase program under which it repurchases common stock in the open market to offset employee stock purchases and option exercises under the company’s various employee benefit plans. increased share repurchase authorization is effective immediately and expires on December 15, 2017.

Stock Analysis

In terms of market cap, Teradata Corporation (NYSE:TDC) is now valued at 16.91 billion. The company is expected to report earnings per share next year 5.82% higher than this year.  The five year earnings per share estimate is at 6.82%.

In terms of ownership, company insiders have sold 9.47% of their stock over the past quarter while institutions have increased their positions by 3.44%.

Analysts Perspective

Several analysts have recently issued updates on the company. One recent update included Monness Crespi & Hardt Initiated coverage of the stock on September 29th with aSell rating and $38 price target.  Prior to that, Barclays also weighed in on the stock.  Barclays downgraded their Equal Weight stance on the company on September 4th moving their price target from $46 to $46. Analysts as a whole have a target price of $44.48 and a recommendation score of 2.80.

Company Profile

Teradata Corporation provides analytic data platforms, marketing and analytic applications, and related consulting services in the United States and internationally. Its analytic data platforms comprise software, hardware, and related business consulting and support services for data warehousing, active intelligence, big data analytics, and data discovery. The company’s products comprise Teradata Analytic Database Software that delivers near real-time intelligence; Teradata Workload-Specific Platforms; Teradata Aster Discovery Platform, which is pre-configured with Teradata Aster Database; and Teradata Logical Data Models that are blueprints for designing an integrated data warehouse. It also provides Teradata Integrated Marketing Applications, which helps organizations in managing marketing workflows, budget allocation, leads, analytics, and digital assets; Teradata Marketing Operations for marketing resource management; Teradata Campaign Management for planning and performance analysis; and Teradata Digital Messaging for executing personalized communications and delivering customer experiences, as well as Teradata Analytic Applications. In addition, the company provides business consulting services; technology and implementation services; management services for data integration, data warehouse, discovery, Hadoop, and business intelligence environments; and cloud services. Further, it offers customer support services, such as installation, maintenance, monitoring, back-up, and recovery services; and training services. The company serves various industries comprising banking/financial services, communications, government, insurance and healthcare, manufacturing, retail, travel and transportation logistics, and energy and utilities. It has strategic partnerships with Accenture, Capgemini, Cognizant, IBM Global Business Services, Wipro Limited, and Urban Airship. The company was founded in 1979 and is headquartered in Dayton, Ohio.

 

Teradata Corporation (NYSE:TDC) Announces Increase in Repurchase Plan was last modified: December 22nd, 2014 by Steven Finley

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