Teradata (NYSE:TDC) Raised to Overweight at Morgan Stanley

Teradata (NYSE:TDC) was upgraded by research analysts at Morgan Stanley from an “equal weight” rating to an “overweight” rating in a research note issued on Tuesday, MarketBeat.com reports. The firm currently has a $26.00 price objective on the technology company’s stock. Morgan Stanley’s target price would indicate a potential upside of 20.37% from the stock’s current price.

A number of other analysts have also recently commented on TDC. Evercore ISI dropped their price target on shares of Teradata from $37.00 to $32.00 and set an “outperform” rating on the stock in a research note on Wednesday, February 12th. Guggenheim cut their price target on Teradata from $42.00 to $37.00 and set a “buy” rating for the company in a report on Wednesday, February 12th. Royal Bank of Canada reduced their price target on Teradata from $32.00 to $29.00 and set a “sector perform” rating for the company in a research report on Wednesday, February 12th. JMP Securities reissued a “market perform” rating on shares of Teradata in a report on Thursday, February 13th. Finally, 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, February 12th. Three analysts have rated the stock with a sell rating, three have assigned a hold rating and five have given a buy rating to the company’s stock. According to data from MarketBeat.com, Teradata has an average rating of “Hold” and a consensus price target of $34.00.

Teradata Stock Up 11.8 %

TDC opened at $21.60 on Tuesday. The company’s 50-day moving average price is $24.12 and its two-hundred day moving average price is $28.77. 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 has a twelve month low of $18.43 and a twelve month high of $38.45. The stock has a market cap of $2.07 billion, a price-to-earnings ratio of 18.46, a PEG ratio of 6.23 and a beta of 0.87.

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 the consensus estimate 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, equities analysts expect that Teradata will post 1.31 earnings per share for the current year.

Institutional Trading of Teradata

Several institutional investors and hedge funds have recently made changes to their positions in TDC. Captrust Financial Advisors increased its stake in Teradata by 35.3% in the third quarter. Captrust Financial Advisors now owns 14,536 shares of the technology company’s stock valued at $441,000 after acquiring an additional 3,794 shares during the last quarter. Janus Henderson Group PLC increased its position in shares of Teradata by 2.9% during the 3rd quarter. Janus Henderson Group PLC now owns 46,821 shares of the technology company’s stock valued at $1,420,000 after purchasing an additional 1,308 shares during the last quarter. Point72 Asset Management L.P. purchased a new position in shares of Teradata during the 3rd quarter valued at about $27,000. Quantinno Capital Management LP bought a new stake in Teradata in the 3rd quarter worth approximately $2,362,000. Finally, Groupama Asset Managment purchased a new stake in Teradata in the third quarter worth approximately $50,000. Hedge funds and other institutional investors own 90.31% of the company’s stock.

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.