Teradata (NYSE:TDC) Cut to Buy at StockNews.com

StockNews.com cut shares of Teradata (NYSE:TDC) from a strong-buy rating to a buy rating in a report issued on Saturday.

Several other research analysts have also issued reports on the stock. Guggenheim decreased their price target on shares of Teradata from $42.00 to $37.00 and set a “buy” rating for the company in a research note on Wednesday, February 12th. 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. JMP Securities reissued a “market perform” rating on shares of Teradata in a research report on Thursday, February 13th. Barclays reduced their price objective on Teradata from $30.00 to $25.00 and set an “underweight” rating for the company in a research report on Wednesday, February 12th. Finally, Evercore ISI lowered their price objective on Teradata from $37.00 to $32.00 and set an “outperform” rating for the company in a research note on Wednesday, February 12th. Three analysts have rated the stock with a sell rating, four have given a hold rating and four have given a buy rating to the company. According to data from MarketBeat.com, the stock has a consensus rating of “Hold” and a consensus price target of $34.40.

Teradata Stock Performance

Teradata stock opened at $22.46 on Friday. Teradata has a fifty-two week low of $21.80 and a fifty-two week high of $39.12. The stock’s 50 day simple moving average is $26.15 and its two-hundred day simple moving average is $29.28. The company has a debt-to-equity ratio of 3.65, a quick ratio of 0.79 and a current ratio of 0.81. The stock has a market cap of $2.12 billion, a price-to-earnings ratio of 19.20, a PEG ratio of 6.23 and a beta of 0.75.

Teradata (NYSE:TDC) last released its earnings results 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 net margin of 6.51% and a return on equity of 149.16%. As a group, analysts expect that Teradata will post 1.31 earnings per share for the current fiscal year.

Institutional Inflows and Outflows

Hedge funds have recently modified their holdings of the business. UNICOM Systems Inc. purchased a new stake in shares of Teradata during the fourth quarter valued at $3,162,000. Unified Investment Management bought a new position in Teradata during the 4th quarter valued at about $932,000. Victory Capital Management Inc. boosted its holdings in shares of Teradata by 742.5% during the 4th quarter. Victory Capital Management Inc. now owns 1,127,141 shares of the technology company’s stock valued at $35,110,000 after acquiring an additional 993,358 shares during the last quarter. BNP Paribas Financial Markets grew its stake in shares of Teradata by 127.6% in the third quarter. BNP Paribas Financial Markets now owns 112,049 shares of the technology company’s stock worth $3,400,000 after acquiring an additional 62,826 shares during the period. Finally, Versant Capital Management Inc raised its holdings in shares of Teradata by 210.2% during the fourth quarter. Versant Capital Management Inc now owns 2,578 shares of the technology company’s stock valued at $80,000 after purchasing an additional 1,747 shares during the last quarter. Hedge funds and other institutional investors own 90.31% of the company’s stock.

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.