Evercore ISI Has Lowered Expectations for Teradata (NYSE:TDC) Stock Price

Teradata (NYSE:TDC) had its price target cut by investment analysts at Evercore ISI from $37.00 to $32.00 in a research note issued on Wednesday,Benzinga reports. The brokerage currently has an “outperform” rating on the technology company’s stock. Evercore ISI’s price objective points to a potential upside of 28.75% from the company’s current price.

Other equities research analysts have also issued research reports about the company. Barclays lowered their target price on Teradata from $30.00 to $25.00 and set an “underweight” rating for the company in a research note on Wednesday. UBS Group increased their price objective on shares of Teradata from $24.00 to $26.00 and gave the company a “sell” rating in a research report on Tuesday, November 5th. Northland Securities reduced their target price on shares of Teradata from $38.00 to $37.00 and set an “outperform” rating on the stock in a research report on Tuesday, November 5th. Finally, Royal Bank of Canada reaffirmed a “sector perform” rating and set a $32.00 price target on shares of Teradata in a report on Tuesday, November 5th. Three research analysts have rated the stock with a sell rating, four have given a hold rating and four have given a buy rating to the stock. Based on data from MarketBeat, Teradata presently has an average rating of “Hold” and an average target price of $34.40.

Teradata Stock Performance

NYSE TDC opened at $24.86 on Wednesday. The business’s 50-day simple moving average is $31.38 and its 200-day simple moving average is $30.27. The firm has a market capitalization of $2.38 billion, a P/E ratio of 29.59, a P/E/G ratio of 3.19 and a beta of 0.78. Teradata has a 1-year low of $22.73 and a 1-year high of $39.70. The company has a debt-to-equity ratio of 4.01, a current ratio of 0.80 and a quick ratio of 0.79.

Teradata (NYSE:TDC) last announced its quarterly earnings results on Tuesday, February 11th. The technology company reported $0.30 earnings per share for the quarter, missing analysts’ consensus estimates of $0.44 by ($0.14). Teradata had a net margin of 4.56% and a return on equity of 145.40%. Equities analysts predict that Teradata will post 1.41 EPS for the current year.

Institutional Inflows and Outflows

Several hedge funds have recently added to or reduced their stakes in TDC. Norges Bank acquired a new stake in shares of Teradata in the 4th quarter valued at about $36,315,000. Victory Capital Management Inc. raised its stake in Teradata by 742.5% during the fourth quarter. Victory Capital Management Inc. now owns 1,127,141 shares of the technology company’s stock valued at $35,110,000 after buying an additional 993,358 shares in the last quarter. Arrowstreet Capital Limited Partnership raised its stake in Teradata by 470.0% during the fourth quarter. Arrowstreet Capital Limited Partnership now owns 495,539 shares of the technology company’s stock valued at $15,436,000 after buying an additional 408,595 shares in the last quarter. LSV Asset Management lifted its holdings in Teradata by 98.0% during the 4th quarter. LSV Asset Management now owns 812,200 shares of the technology company’s stock worth $25,300,000 after buying an additional 401,921 shares during the last quarter. Finally, Assenagon Asset Management S.A. grew its position in shares of Teradata by 828.5% in the 3rd quarter. Assenagon Asset Management S.A. now owns 444,450 shares of the technology company’s stock worth $13,485,000 after acquiring an additional 396,584 shares in the last quarter. 90.31% of the stock is owned by institutional investors and hedge funds.

Teradata Company Profile

Teradata Corporation, together with its subsidiaries, provides a connected multi-cloud data platform for enterprise analytics. The company offers Teradata Vantage, an open and connected platform designed to leverage data across an enterprise. Its business consulting services include support services for organizations to establish a data and analytic vision, enable a multi-cloud ecosystem architecture, and identify and operationalize analytical opportunities, as well as to ensure the analytical infrastructure delivers value.