Teradata (NYSE:TDC) Downgraded to “Buy” Rating by StockNews.com

Teradata (NYSE:TDC) was downgraded by equities researchers at StockNews.com from a “strong-buy” rating to a “buy” rating in a report issued on Tuesday.

Other research analysts also recently issued reports about the company. Barclays cut their price target on Teradata from $30.00 to $25.00 and set an “underweight” rating for the company in a report on Wednesday, February 12th. JMP Securities reiterated a “market perform” rating on shares of Teradata in a research report on Thursday, February 13th. Morgan Stanley set a $29.00 price target on Teradata in a report on Monday, March 24th. Royal Bank of Canada cut their price objective on shares of Teradata from $32.00 to $29.00 and set a “sector perform” rating on the stock in a report on Wednesday, February 12th. Finally, Guggenheim lowered their target price on shares of Teradata from $42.00 to $37.00 and set a “buy” rating for the company in a report on Wednesday, February 12th. Three research analysts have rated the stock with a sell rating, four have assigned a hold rating and four have assigned a buy rating to the company’s stock. According to MarketBeat.com, the company presently has a consensus rating of “Hold” and a consensus target price of $34.30.

Teradata Stock Down 2.8 %

TDC opened at $19.19 on Tuesday. The firm has a market cap of $1.84 billion, a P/E ratio of 16.40, a PEG ratio of 6.23 and a beta of 0.87. The business’s fifty day simple moving average is $25.07 and its 200 day simple moving average is $29.01. Teradata has a 52 week low of $18.43 and a 52 week high of $38.82. The company has a quick ratio of 0.79, a current ratio of 0.81 and a debt-to-equity ratio of 3.65.

Teradata (NYSE:TDC) last released its quarterly earnings results on Tuesday, February 11th. The technology company reported $0.30 earnings per share (EPS) for the quarter, missing the consensus estimate of $0.44 by ($0.14). Teradata had a return on equity of 149.16% and a net margin of 6.51%. As a group, equities research analysts anticipate that Teradata will post 1.31 EPS for the current fiscal year.

Hedge Funds Weigh In On Teradata

Hedge funds and other institutional investors have recently made changes to their positions in the business. UNICOM Systems Inc. purchased a new position in Teradata in the fourth quarter valued at about $3,162,000. Unified Investment Management purchased a new stake in shares of Teradata during the 4th quarter valued at about $932,000. Norges Bank acquired a new position in Teradata during the 4th quarter worth approximately $36,315,000. Victory Capital Management Inc. boosted its holdings in Teradata by 742.5% in the 4th quarter. Victory Capital Management Inc. now owns 1,127,141 shares of the technology company’s stock worth $35,110,000 after acquiring an additional 993,358 shares during the period. Finally, Versant Capital Management Inc boosted its holdings in Teradata by 210.2% in the 4th quarter. Versant Capital Management Inc now owns 2,578 shares of the technology company’s stock worth $80,000 after acquiring an additional 1,747 shares during the period. Institutional investors and hedge funds own 90.31% of the company’s stock.

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.