StockNews.com Downgrades Teradata (NYSE:TDC) to Buy

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

A number of other equities research analysts have also weighed in on the stock. Evercore ISI decreased their target price on shares of Teradata from $37.00 to $32.00 and set an “outperform” rating for the company in a research note on Wednesday, February 12th. Barclays decreased their target price 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. Morgan Stanley set a $29.00 target price on shares of Teradata in a research note on Monday, March 24th. JMP Securities reiterated a “market perform” rating on shares of Teradata in a research note on Thursday, February 13th. Finally, Royal Bank of Canada decreased their target price on shares of Teradata from $32.00 to $29.00 and set a “sector perform” rating for the company in a research note on Wednesday, February 12th. Three analysts have rated the stock with a sell rating, three have assigned a hold rating and five have issued a buy rating to the company’s stock. According to MarketBeat.com, Teradata currently has an average rating of “Hold” and a consensus target price of $34.00.

Teradata Price Performance

Shares of NYSE TDC opened at $20.68 on Tuesday. Teradata has a twelve month low of $18.43 and a twelve month high of $38.45. The firm has a market cap of $1.99 billion, a P/E ratio of 17.68, a PEG ratio of 6.23 and a beta of 0.87. The company has a 50 day moving average of $23.90 and a 200 day moving average of $28.71. 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 announced 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 return on equity of 149.16% and a net margin of 6.51%. As a group, research analysts expect that Teradata will post 1.31 EPS for the current fiscal year.

Institutional Investors Weigh In On Teradata

Several hedge funds and other institutional investors have recently modified their holdings of the stock. Norges Bank purchased a new stake in Teradata in the 4th quarter worth $36,315,000. UNICOM Systems Inc. purchased a new stake in Teradata in the 4th quarter worth $3,162,000. Unified Investment Management purchased a new stake in Teradata in the 4th quarter worth $932,000. Victory Capital Management Inc. increased its stake 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 buying an additional 993,358 shares in the last quarter. Finally, Versant Capital Management Inc increased its stake 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 buying an additional 1,747 shares in the last quarter. 90.31% of the stock is currently 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.