Teradata (NYSE:TDC) Price Target Lowered to $37.00 at Guggenheim

Teradata (NYSE:TDC) had its price target dropped by analysts at Guggenheim from $42.00 to $37.00 in a note issued to investors on Wednesday,Benzinga reports. The firm presently has a “buy” rating on the technology company’s stock. Guggenheim’s target price would indicate a potential upside of 46.65% from the stock’s current price.

Several other analysts have also issued reports on TDC. Northland Securities dropped their target price on shares of Teradata from $38.00 to $37.00 and set an “outperform” rating on the stock in a research report on Tuesday, November 5th. Evercore ISI lowered their price objective on Teradata from $37.00 to $32.00 and set an “outperform” rating on the stock in a report on Wednesday. Barclays reduced their target price on Teradata from $30.00 to $25.00 and set an “underweight” rating for the company in a report on Wednesday. Royal Bank of Canada reiterated a “sector perform” rating and set a $32.00 price target on shares of Teradata in a research report on Tuesday, November 5th. Finally, UBS Group raised their price objective on Teradata from $24.00 to $26.00 and gave the company a “sell” rating in a report on Tuesday, November 5th. Three research analysts have rated the stock with a sell rating, four have given a hold rating, four have issued a buy rating and one has given a strong buy rating to the company’s stock. According to MarketBeat, the company currently has a consensus rating of “Hold” and a consensus target price of $37.00.

Teradata Stock Performance

Shares of Teradata stock traded down $5.66 during trading on Wednesday, hitting $25.23. 713,160 shares of the company’s stock were exchanged, compared to its average volume of 790,608. The stock has a market capitalization of $2.41 billion, a price-to-earnings ratio of 29.99, a PEG ratio of 3.19 and a beta of 0.78. The business has a 50-day simple moving average of $31.67 and a 200-day simple moving average of $30.35. Teradata has a 52-week low of $22.73 and a 52-week high of $39.70. The company has a debt-to-equity ratio of 4.01, a quick ratio of 0.79 and a current ratio of 0.80.

Teradata (NYSE:TDC) last issued its quarterly earnings data on Tuesday, February 11th. The technology company reported $0.30 EPS for the quarter, missing analysts’ consensus estimates of $0.44 by ($0.14). Teradata had a return on equity of 145.40% and a net margin of 4.56%. On average, research analysts forecast that Teradata will post 1.41 EPS for the current year.

Institutional Inflows and Outflows

Several hedge funds and other institutional investors have recently modified their holdings of the stock. Point72 Asset Management L.P. acquired a new position in Teradata during the 3rd quarter worth approximately $27,000. GAMMA Investing LLC raised its position in Teradata by 88.0% in the third quarter. GAMMA Investing LLC now owns 955 shares of the technology company’s stock worth $29,000 after acquiring an additional 447 shares in the last quarter. Brooklyn Investment Group purchased a new stake in shares of Teradata during the 3rd quarter worth $32,000. Independence Bank of Kentucky acquired a new position in shares of Teradata during the 4th quarter worth $37,000. Finally, Allworth Financial LP increased its holdings in shares of Teradata by 75.2% in the 3rd quarter. Allworth Financial LP now owns 1,326 shares of the technology company’s stock valued at $40,000 after purchasing an additional 569 shares in the last quarter. 90.31% of the stock is currently owned by hedge funds and other institutional investors.

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.