Teradata (NYSE:TDC) Lowered 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 report released on Saturday.

Other equities research analysts also recently issued research reports about the stock. Barclays cut their price objective on shares of Teradata from $30.00 to $25.00 and set an “underweight” rating for the company in a research report 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. JMP Securities reaffirmed a “market perform” rating on shares of Teradata in a research note on Thursday, February 13th. Evercore ISI cut 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. Finally, Royal Bank of Canada reduced their target price on shares of Teradata from $32.00 to $29.00 and set a “sector perform” rating for the company in a report on Wednesday, February 12th. Three research analysts have rated the stock with a sell rating, four have assigned a hold rating and four have issued a buy rating to the stock. According to data from MarketBeat.com, the stock presently has an average rating of “Hold” and an average price target of $34.40.

Teradata Trading Down 2.3 %

Shares of NYSE:TDC opened at $22.46 on Friday. The stock’s 50-day simple moving average is $26.15 and its two-hundred day simple moving average is $29.28. The stock has a market capitalization 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 has a 52-week low of $21.80 and a 52-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 quarterly earnings data 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%. Analysts expect that Teradata will post 1.31 EPS for the current year.

Institutional Investors Weigh In On Teradata

Several institutional investors and hedge funds have recently modified their holdings of TDC. Point72 Asset Management L.P. purchased a new position in Teradata during the third quarter valued at $27,000. Brooklyn Investment Group purchased a new position in shares of Teradata during the third quarter valued at about $32,000. Independence Bank of Kentucky purchased a new position in shares of Teradata during the fourth quarter valued at about $37,000. Aster Capital Management DIFC Ltd increased its holdings in shares of Teradata by 53.0% in the fourth quarter. Aster Capital Management DIFC Ltd now owns 1,567 shares of the technology company’s stock worth $49,000 after purchasing an additional 543 shares during the last quarter. Finally, Groupama Asset Managment purchased a new stake in shares of Teradata in the third quarter worth about $50,000. 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.