Brokerages Set Teradata Co. (NYSE:TDC) Target Price at $34.40

Teradata Co. (NYSE:TDC) has been given an average recommendation of “Hold” by the ten research firms that are covering the stock, MarketBeat.com reports. Three analysts have rated the stock with a sell rating, four have issued a hold rating and three have given a buy rating to the company. The average 12 month price target among brokerages that have covered the stock in the last year is $34.40.

Several analysts have weighed in on TDC shares. Barclays dropped their target price on shares of Teradata from $30.00 to $25.00 and set an “underweight” rating on the stock in a research report on Wednesday, February 12th. Royal Bank of Canada lowered their price target on shares of Teradata from $32.00 to $29.00 and set a “sector perform” rating on the stock in a report on Wednesday, February 12th. JMP Securities reissued a “market perform” rating on shares of Teradata in a report on Thursday, February 13th. Guggenheim lowered their price target on shares of Teradata from $42.00 to $37.00 and set a “buy” rating on the stock in a report on Wednesday, February 12th. Finally, StockNews.com upgraded shares of Teradata from a “buy” rating to a “strong-buy” rating in a research report on Thursday, March 13th.

Teradata Trading Down 2.1 %

NYSE TDC opened at $22.87 on Tuesday. The company has a quick ratio of 0.79, a current ratio of 0.81 and a debt-to-equity ratio of 3.65. The firm has a market cap of $2.16 billion, a PE ratio of 19.55, a price-to-earnings-growth ratio of 6.23 and a beta of 0.75. The company has a 50 day moving average price of $27.17 and a 200 day moving average price of $29.46. Teradata has a 52 week low of $21.80 and a 52 week high of $39.70.

Teradata (NYSE:TDC) last released its earnings results on Tuesday, February 11th. The technology company reported $0.30 earnings per share for the quarter, missing the consensus estimate 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, sell-side analysts forecast that Teradata will post 1.31 EPS for the current fiscal year.

Institutional Investors Weigh In On Teradata

A number of hedge funds have recently modified their holdings of the business. Crossmark Global Holdings Inc. raised its stake in Teradata by 4.6% during the third quarter. Crossmark Global Holdings Inc. now owns 7,228 shares of the technology company’s stock worth $219,000 after purchasing an additional 315 shares during the period. Venturi Wealth Management LLC increased its position in shares of Teradata by 20.9% during the fourth quarter. Venturi Wealth Management LLC now owns 2,109 shares of the technology company’s stock valued at $66,000 after acquiring an additional 365 shares during the last quarter. Tealwood Asset Management Inc. grew its holdings in shares of Teradata by 0.9% in the fourth quarter. Tealwood Asset Management Inc. now owns 40,652 shares of the technology company’s stock valued at $1,266,000 after purchasing an additional 368 shares in the last quarter. Xponance Inc. grew its holdings in shares of Teradata by 2.3% in the fourth quarter. Xponance Inc. now owns 19,074 shares of the technology company’s stock valued at $594,000 after purchasing an additional 428 shares in the last quarter. Finally, Sumitomo Mitsui DS Asset Management Company Ltd grew its holdings in shares of Teradata by 3.9% in the fourth quarter. Sumitomo Mitsui DS Asset Management Company Ltd now owns 11,596 shares of the technology company’s stock valued at $361,000 after purchasing an additional 431 shares in the last quarter. 90.31% of the stock is currently owned by institutional investors and hedge funds.

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.