Morgan Stanley Upgrades Teradata (NYSE:TDC) to Overweight

Morgan Stanley upgraded shares of Teradata (NYSE:TDC) from an equal weight rating to an overweight rating in a research note released on Monday, Analyst Ratings Network reports. They currently have $66.00 price objective on the technology company’s stock, up from their previous price objective of $55.00.

A number of other equities analysts have also commented on TDC. Citigroup lifted their price target on shares of Teradata from $53.00 to $59.00 and gave the company a buy rating in a research report on Friday, August 6th. Bank of America decreased their price target on shares of Teradata from $75.00 to $71.00 and set a buy rating on the stock in a research note on Friday, September 10th. JMP Securities lifted their price target on shares of Teradata from $70.00 to $78.00 and gave the stock a buy rating in a research note on Friday, September 10th. Zacks Investment Research upgraded shares of Teradata from a hold rating to a buy rating and set a $54.00 price target on the stock in a research note on Wednesday, August 11th. Finally, Craig Hallum reiterated a buy rating and set a $88.00 price target on shares of Teradata in a research note on Friday, September 10th. One investment analyst has rated the stock with a sell rating, two have assigned a hold rating and eight have assigned a buy rating to the company. According to MarketBeat, Teradata presently has a consensus rating of Buy and a consensus price target of $56.50.

Shares of NYSE TDC opened at $52.99 on Monday. The business’s 50-day moving average price is $51.51 and its two-hundred day moving average price is $47.23. The company has a debt-to-equity ratio of 0.95, a current ratio of 1.15 and a quick ratio of 1.13. Teradata has a one year low of $17.99 and a one year high of $59.58. The company has a market capitalization of $5.78 billion, a P/E ratio of 59.54, a price-to-earnings-growth ratio of 2.94 and a beta of 1.25.

Teradata (NYSE:TDC) last issued its earnings results on Thursday, August 5th. The technology company reported $0.51 EPS for the quarter, beating analysts’ consensus estimates of $0.21 by $0.30. Teradata had a return on equity of 41.02% and a net margin of 5.24%. The firm had revenue of $491.00 million for the quarter, compared to the consensus estimate of $475.80 million. On average, equities analysts anticipate that Teradata will post 1.22 EPS for the current year.

In other news, CRO Todd Cione sold 48,319 shares of the business’s stock in a transaction on Thursday, July 8th. The shares were sold at an average price of $46.12, for a total value of $2,228,472.28. Following the sale, the executive now owns 309,010 shares in the company, valued at approximately $14,251,541.20. The sale was disclosed in a filing with the Securities & Exchange Commission, which can be accessed through the SEC website. 0.92% of the stock is currently owned by insiders.

Hedge funds and other institutional investors have recently modified their holdings of the stock. Harel Insurance Investments & Financial Services Ltd. acquired a new position in Teradata during the 2nd quarter worth about $96,000. P.A.W. Capital Corp bought a new stake in Teradata during the 1st quarter worth about $26,000. Selective Wealth Management Inc. bought a new stake in Teradata during the 2nd quarter worth about $35,000. Eaton Vance Management bought a new stake in shares of Teradata in the 1st quarter valued at about $32,000. Finally, Rockefeller Capital Management L.P. boosted its stake in Teradata by 78.1% during the 2nd quarter. Rockefeller Capital Management L.P. now owns 912 shares of the technology company’s stock worth $45,000 after acquiring an additional 400 shares during the last quarter. Institutional investors and hedge funds own 91.61% of the company’s stock.

About Teradata

Teradata Corp. is the cloud data analytics company. It is built for a multi-cloud reality and solving the data challenges at scale. The company was founded on July 13, 1979 and is headquartered in San Diego, CA.

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Analyst Recommendations for Teradata (NYSE:TDC)

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