Teradata (NYSE:TDC) Downgraded to “Buy” Rating by StockNews.com

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

Several other brokerages have also weighed in on TDC. Barclays lowered 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. JMP Securities reiterated a “market perform” rating on shares of Teradata in a report on Thursday, February 13th. Evercore ISI decreased their target price on shares of Teradata from $37.00 to $32.00 and set an “outperform” rating on the stock in a research report on Wednesday, February 12th. Guggenheim dropped their price target on shares of Teradata from $42.00 to $37.00 and set a “buy” rating for the company in a research report on Wednesday, February 12th. Finally, Royal Bank of Canada decreased their price objective 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. Three investment analysts have rated the stock with a sell rating, four have assigned a hold rating and four have given a buy rating to the stock. According to data from MarketBeat, Teradata currently has an average rating of “Hold” and a consensus target price of $34.40.

Teradata Price Performance

Shares of TDC opened at $22.98 on Friday. The business’s 50-day moving average is $26.32 and its two-hundred day moving average is $29.30. The company has a market capitalization of $2.17 billion, a P/E ratio of 19.64, a P/E/G ratio of 6.23 and a beta of 0.75. Teradata has a fifty-two week low of $21.80 and a fifty-two week high of $39.12. The company has a debt-to-equity ratio of 3.65, a quick ratio of 0.79 and a current ratio of 0.81.

Teradata (NYSE:TDC) last posted 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%. Research analysts predict that Teradata will post 1.31 earnings per share for the current year.

Institutional Trading of Teradata

Hedge funds and other institutional investors have recently bought and sold shares of the company. Norges Bank acquired a new stake in shares of Teradata during the 4th quarter worth approximately $36,315,000. Victory Capital Management Inc. increased its position in Teradata by 742.5% in the fourth 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 during the period. Ameriprise Financial Inc. boosted its holdings in shares of Teradata by 12.4% during the fourth quarter. Ameriprise Financial Inc. now owns 5,450,428 shares of the technology company’s stock valued at $169,756,000 after acquiring an additional 599,394 shares during the period. AQR Capital Management LLC grew its position in shares of Teradata by 17.2% during the fourth quarter. AQR Capital Management LLC now owns 2,839,658 shares of the technology company’s stock worth $88,029,000 after acquiring an additional 416,585 shares during the last quarter. Finally, Arrowstreet Capital Limited Partnership grew its position in shares of Teradata by 470.0% during the fourth quarter. Arrowstreet Capital Limited Partnership now owns 495,539 shares of the technology company’s stock worth $15,436,000 after acquiring an additional 408,595 shares during the last quarter. 90.31% of the stock is owned by 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.