Teradata (NYSE:TDC) Cut to Buy at StockNews.com

StockNews.com lowered shares of Teradata (NYSE:TDC) from a strong-buy rating to a buy rating in a report issued on Thursday.

Several other equities analysts have also weighed in on TDC. Barclays cut their target price on shares of Teradata from $30.00 to $25.00 and set an “underweight” rating for the company in a report on Wednesday. UBS Group upped their price objective on shares of Teradata from $24.00 to $26.00 and gave the stock a “sell” rating in a research report on Tuesday, November 5th. Guggenheim dropped their target price on Teradata from $42.00 to $37.00 and set a “buy” rating on the stock in a research report on Wednesday. Royal Bank of Canada reduced their price target on Teradata from $32.00 to $29.00 and set a “sector perform” rating for the company in a report on Wednesday. Finally, Northland Securities cut their price objective on Teradata from $38.00 to $37.00 and set an “outperform” rating for the company in a research report on Tuesday, November 5th. Three research analysts have rated the stock with a sell rating, four have assigned a hold rating and four have issued a buy rating to the company’s stock. Based on data from MarketBeat, the company has a consensus rating of “Hold” and a consensus price target of $34.40.

Teradata Stock Down 0.2 %

NYSE:TDC opened at $24.78 on Thursday. The company has a debt-to-equity ratio of 4.01, a current ratio of 0.80 and a quick ratio of 0.79. The company’s fifty day moving average price is $31.23 and its 200-day moving average price is $30.20. Teradata has a 1-year low of $22.73 and a 1-year high of $39.70. The firm has a market capitalization of $2.37 billion, a P/E ratio of 29.50, a PEG ratio of 3.19 and a beta of 0.78.

Teradata (NYSE:TDC) last released its quarterly earnings data 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%. As a group, equities research analysts anticipate that Teradata will post 1.41 EPS for the current year.

Institutional Investors Weigh In On Teradata

A number of hedge funds have recently modified their holdings of the business. AQR Capital Management LLC grew its stake in Teradata by 17.2% during the 4th quarter. AQR Capital Management LLC now owns 2,839,658 shares of the technology company’s stock valued at $88,029,000 after acquiring an additional 416,585 shares in the last quarter. Pacer Advisors Inc. grew its position in shares of Teradata by 5.2% in the fourth quarter. Pacer Advisors Inc. now owns 2,179,728 shares of the technology company’s stock valued at $67,899,000 after purchasing an additional 108,426 shares in the last quarter. FMR LLC increased its holdings in shares of Teradata by 2.7% in the third quarter. FMR LLC now owns 1,932,741 shares of the technology company’s stock valued at $58,639,000 after purchasing an additional 51,080 shares during the last quarter. Geode Capital Management LLC raised its holdings in shares of Teradata by 0.5% during the 3rd quarter. Geode Capital Management LLC now owns 1,685,317 shares of the technology company’s stock worth $51,145,000 after acquiring an additional 8,289 shares during the period. Finally, M&G PLC boosted its holdings in Teradata by 4.4% in the 3rd quarter. M&G PLC now owns 1,235,174 shares of the technology company’s stock valued at $37,055,000 after purchasing an additional 51,491 shares during the last quarter. 90.31% of the stock is currently owned by institutional investors and hedge funds.

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.