Teradata (NYSE:TDC) Given New $37.00 Price Target at Guggenheim

Teradata (NYSE:TDC) had its price objective decreased by Guggenheim from $42.00 to $37.00 in a report issued on Wednesday morning,Benzinga reports. Guggenheim currently has a buy rating on the technology company’s stock.

A number of other brokerages have also recently issued reports on TDC. Northland Securities reduced their price objective on Teradata from $38.00 to $37.00 and set an “outperform” rating on the stock in a research note on Tuesday, November 5th. UBS Group raised their price objective on Teradata from $24.00 to $26.00 and gave the company a “sell” rating in a research note on Tuesday, November 5th. Evercore ISI cut their target price on Teradata from $37.00 to $32.00 and set an “outperform” rating on the stock in a research note on Wednesday. Royal Bank of Canada reissued a “sector perform” rating and issued a $32.00 target price on shares of Teradata in a research note on Tuesday, November 5th. Finally, Barclays cut their target price on Teradata from $30.00 to $25.00 and set an “underweight” rating on the stock in a research note on Wednesday. Three analysts have rated the stock with a sell rating, four have issued a hold rating and four have issued a buy rating to the company. According to data from MarketBeat.com, the stock has a consensus rating of “Hold” and an average target price of $34.40.

Teradata Stock Down 0.2 %

Shares of NYSE:TDC opened at $24.78 on Wednesday. The stock’s 50-day moving average price is $31.23 and its 200-day moving average price is $30.22. Teradata has a 12-month low of $22.73 and a 12-month high of $39.70. The stock has a market capitalization of $2.37 billion, a P/E ratio of 29.50, a price-to-earnings-growth ratio of 3.19 and a beta of 0.78. The company has a current ratio of 0.80, a quick ratio of 0.79 and a debt-to-equity ratio of 4.01.

Teradata (NYSE:TDC) last announced its quarterly earnings data on Tuesday, February 11th. The technology company reported $0.30 earnings per share (EPS) 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%. On average, equities analysts anticipate that Teradata will post 1.41 earnings per share for the current year.

Institutional Trading of Teradata

Several institutional investors and hedge funds have recently bought and sold shares of the stock. Mercer Global Advisors Inc. ADV purchased a new stake in Teradata in the fourth quarter worth about $238,000. Voleon Capital Management LP purchased a new position in shares of Teradata during the fourth quarter valued at approximately $788,000. AQR Capital Management LLC boosted its position in shares of Teradata by 17.2% in the 4th quarter. AQR Capital Management LLC now owns 2,839,658 shares of the technology company’s stock worth $88,029,000 after purchasing an additional 416,585 shares in the last quarter. Northern Trust Corp boosted its position in shares of Teradata by 30.5% in the 4th quarter. Northern Trust Corp now owns 1,101,181 shares of the technology company’s stock worth $34,302,000 after purchasing an additional 257,649 shares in the last quarter. Finally, New Vernon Capital Holdings II LLC bought a new stake in shares of Teradata in the 4th quarter worth approximately $133,000. 90.31% of the stock is currently owned by hedge funds and other institutional investors.

About Teradata

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.