Teradata (NYSE:TDC) Upgraded to “Overweight” at Morgan Stanley

Teradata (NYSE:TDC) was upgraded by analysts at Morgan Stanley from an “equal weight” rating to an “overweight” rating in a note issued to investors on Tuesday,Briefing.com Automated Import reports. The brokerage currently has a $26.00 price objective on the technology company’s stock. Morgan Stanley’s target price suggests a potential upside of 30.85% from the company’s current price.

Several other analysts have also recently issued reports on TDC. Evercore ISI dropped their target price on Teradata from $37.00 to $32.00 and set an “outperform” rating for the company in a report on Wednesday, February 12th. Barclays dropped their price target on shares of Teradata from $30.00 to $25.00 and set an “underweight” rating for the company in a research note on Wednesday, February 12th. StockNews.com downgraded shares of Teradata from a “strong-buy” rating to a “buy” rating in a report on Tuesday. Guggenheim decreased their price objective on Teradata from $42.00 to $37.00 and set a “buy” rating on the stock in a report on Wednesday, February 12th. Finally, JMP Securities reissued a “market perform” rating on shares of Teradata in a research note on Thursday, February 13th. Three investment analysts have rated the stock with a sell rating, three have issued a hold rating and five have given a buy rating to the stock. Based on data from MarketBeat.com, the company has a consensus rating of “Hold” and a consensus price target of $34.00.

Teradata Price Performance

Shares of Teradata stock opened at $19.87 on Tuesday. The stock has a market capitalization of $1.91 billion, a P/E ratio of 17.13, a PEG ratio of 6.23 and a beta of 0.87. The business has a 50 day simple moving average of $25.07 and a two-hundred day simple moving average of $29.01. Teradata has a 12 month low of $18.43 and a 12 month high of $38.82. The company has a debt-to-equity ratio of 3.65, a current ratio of 0.81 and a quick ratio of 0.79.

Teradata (NYSE:TDC) last announced its 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, analysts predict that Teradata will post 1.31 EPS for the current fiscal year.

Institutional Trading of Teradata

Several institutional investors and hedge funds have recently made changes to their positions in TDC. Captrust Financial Advisors increased its holdings in shares of Teradata by 35.3% in the third quarter. Captrust Financial Advisors now owns 14,536 shares of the technology company’s stock valued at $441,000 after purchasing an additional 3,794 shares during the period. Janus Henderson Group PLC lifted its holdings in shares of Teradata by 2.9% in the 3rd quarter. Janus Henderson Group PLC now owns 46,821 shares of the technology company’s stock valued at $1,420,000 after buying an additional 1,308 shares during the period. Point72 Asset Management L.P. purchased a new stake in shares of Teradata in the third quarter valued at approximately $27,000. Quantinno Capital Management LP acquired a new position in Teradata during the third quarter worth $2,362,000. Finally, Groupama Asset Managment purchased a new position in Teradata in the third quarter worth $50,000. 90.31% of the stock is owned by hedge funds and other institutional investors.

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.