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

Teradata (NYSE:TDC) had its price target lowered by Guggenheim from $37.00 to $35.00 in a research report sent to investors on Wednesday morning,Benzinga reports. The firm currently has a buy rating on the technology company’s stock.

Other equities research analysts have also issued reports about the company. Morgan Stanley raised Teradata from an “equal weight” rating to an “overweight” rating and set a $26.00 price target on the stock in a research report on Tuesday, April 8th. Barclays decreased their price target on shares of Teradata from $25.00 to $22.00 and set an “underweight” rating for the company in a report on Monday, April 21st. Northland Securities lowered shares of Teradata from an “outperform” rating to a “market perform” rating and set a $21.00 price objective on the stock. in a research note on Wednesday. Royal Bank of Canada decreased their target price on Teradata from $32.00 to $29.00 and set a “sector perform” rating for the company in a research note on Wednesday, February 12th. Finally, Evercore ISI cut their price target on Teradata from $37.00 to $32.00 and set an “outperform” rating on the stock in a report on Wednesday, February 12th. Two equities research analysts have rated the stock with a sell rating, five have given a hold rating and four have issued a buy rating to the company’s stock. Based on data from MarketBeat, the company presently has a consensus rating of “Hold” and an average price target of $27.50.

Teradata Trading Down 0.8 %

TDC opened at $22.47 on Wednesday. Teradata has a 12-month low of $18.43 and a 12-month high of $35.60. The company has a debt-to-equity ratio of 3.65, a current ratio of 0.81 and a quick ratio of 0.79. The stock has a market capitalization of $2.16 billion, a PE ratio of 19.21, a P/E/G ratio of 6.23 and a beta of 0.80. The firm’s fifty day moving average price is $21.85 and its 200 day moving average price is $27.32.

Teradata (NYSE:TDC) last issued its quarterly earnings results on Tuesday, May 6th. The technology company reported $0.66 EPS for the quarter, topping the consensus estimate of $0.57 by $0.09. The business had revenue of $418.00 million for the quarter, compared to analysts’ expectations of $423.85 million. Teradata had a net margin of 6.51% and a return on equity of 149.16%. The company’s quarterly revenue was down 10.1% compared to the same quarter last year. During the same quarter last year, the company posted $0.57 earnings per share. As a group, research analysts expect that Teradata will post 1.31 EPS for the current fiscal year.

Institutional Inflows and Outflows

A number of large investors have recently modified their holdings of the business. Tsfg LLC bought a new position in Teradata in the 1st quarter valued at about $26,000. Independence Bank of Kentucky acquired a new stake in shares of Teradata in the 4th quarter worth approximately $37,000. Aster Capital Management DIFC Ltd boosted its holdings in shares of Teradata by 53.0% in the fourth quarter. Aster Capital Management DIFC Ltd now owns 1,567 shares of the technology company’s stock valued at $49,000 after acquiring an additional 543 shares in the last quarter. GAMMA Investing LLC increased its stake in shares of Teradata by 91.5% during the fourth quarter. GAMMA Investing LLC now owns 1,829 shares of the technology company’s stock valued at $57,000 after acquiring an additional 874 shares during the period. Finally, UMB Bank n.a. raised its holdings in Teradata by 153.1% during the first quarter. UMB Bank n.a. now owns 1,906 shares of the technology company’s stock worth $43,000 after purchasing an additional 1,153 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.