Teradata (NYSE:TDC) Upgraded by StockNews.com to “Strong-Buy” Rating

StockNews.com upgraded shares of Teradata (NYSE:TDC) from a buy rating to a strong-buy rating in a research report sent to investors on Thursday morning.

A number of other equities analysts also recently issued reports on the company. Evercore ISI dropped their price target on Teradata from $37.00 to $32.00 and set an “outperform” rating on the stock in a research report on Wednesday, February 12th. JMP Securities reaffirmed a “market perform” rating on shares of Teradata in a research report on Thursday, February 13th. Guggenheim dropped their price objective on Teradata from $42.00 to $37.00 and set a “buy” rating on the stock in a research report on Wednesday, February 12th. Royal Bank of Canada dropped their price objective on Teradata from $32.00 to $29.00 and set a “sector perform” rating on the stock in a research report on Wednesday, February 12th. Finally, Barclays dropped their price objective on Teradata from $30.00 to $25.00 and set an “underweight” rating on the stock in a research report on Wednesday, February 12th. Three research analysts have rated the stock with a sell rating, four have issued a hold rating, three have given a buy rating and one has given a strong buy rating to the stock. According to data from MarketBeat, Teradata presently has a consensus rating of “Hold” and an average target price of $34.40.

Teradata Price Performance

TDC opened at $22.69 on Thursday. Teradata has a 12-month low of $21.80 and a 12-month high of $39.70. The company has a current ratio of 0.81, a quick ratio of 0.79 and a debt-to-equity ratio of 3.65. The business’s fifty day simple moving average is $27.82 and its 200-day simple moving average is $29.61. The company has a market capitalization of $2.15 billion, a price-to-earnings ratio of 19.39, a PEG ratio of 6.23 and a beta of 0.75.

Teradata (NYSE:TDC) last posted its quarterly earnings results on Tuesday, February 11th. The technology company reported $0.30 earnings per share (EPS) for the quarter, missing analysts’ consensus estimates of $0.44 by ($0.14). Teradata had a return on equity of 149.16% and a net margin of 6.51%. On average, equities research analysts anticipate that Teradata will post 1.31 earnings per share for the current fiscal year.

Institutional Investors Weigh In On Teradata

Several institutional investors have recently added to or reduced their stakes in the business. Crossmark Global Holdings Inc. boosted its holdings in Teradata by 4.6% in the third quarter. Crossmark Global Holdings Inc. now owns 7,228 shares of the technology company’s stock worth $219,000 after acquiring an additional 315 shares in the last quarter. Venturi Wealth Management LLC boosted its holdings in Teradata by 20.9% in the fourth quarter. Venturi Wealth Management LLC now owns 2,109 shares of the technology company’s stock worth $66,000 after acquiring an additional 365 shares in the last quarter. Tealwood Asset Management Inc. raised its stake 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 worth $1,266,000 after purchasing an additional 368 shares during the last quarter. Xponance Inc. raised its stake in shares of Teradata by 2.3% in the fourth quarter. Xponance Inc. now owns 19,074 shares of the technology company’s stock worth $594,000 after purchasing an additional 428 shares during the last quarter. Finally, Sumitomo Mitsui DS Asset Management Company Ltd raised its stake 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 worth $361,000 after purchasing an additional 431 shares during the last quarter. Institutional investors and hedge funds 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.