Teradata (NYSE:TDC) Cut to “Market Perform” at Northland Securities

Teradata (NYSE:TDC) was downgraded by research analysts at Northland Securities from an “outperform” rating to a “market perform” rating in a report released on Wednesday, Marketbeat Ratings reports. They currently have a $21.00 price objective on the technology company’s stock. Northland Securities’ price target would indicate a potential downside of 7.26% from the company’s previous close.

Several other analysts also recently commented on TDC. Royal Bank of Canada dropped their target price 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. Barclays reduced their target price on shares of Teradata from $25.00 to $22.00 and set an “underweight” rating for the company in a research note on Monday, April 21st. Morgan Stanley raised Teradata from an “equal weight” rating to an “overweight” rating and set a $26.00 price objective for the company in a research report on Tuesday, April 8th. StockNews.com cut Teradata from a “strong-buy” rating to a “buy” rating in a research note on Tuesday, April 8th. Finally, JMP Securities reiterated a “market perform” rating on shares of Teradata in a report on Thursday, February 13th. Two analysts have rated the stock with a sell rating, five have given a hold rating and four have given a buy rating to the stock. Based on data from MarketBeat.com, Teradata presently has a consensus rating of “Hold” and an average price target of $27.50.

Teradata Stock Performance

Shares of NYSE:TDC opened at $22.65 on Wednesday. The company has a market capitalization of $2.17 billion, a price-to-earnings ratio of 19.35, a P/E/G ratio of 6.23 and a beta of 0.80. The firm’s 50 day simple moving average is $21.87 and its 200 day simple moving average is $27.39. The company has a debt-to-equity ratio of 3.65, a current ratio of 0.81 and a quick ratio of 0.79. Teradata has a fifty-two week low of $18.43 and a fifty-two week high of $35.60.

Teradata (NYSE:TDC) last posted its earnings results on Tuesday, May 6th. The technology company reported $0.66 earnings per share for the quarter, topping the consensus estimate of $0.57 by $0.09. Teradata had a net margin of 6.51% and a return on equity of 149.16%. The company had revenue of $418.00 million for the quarter, compared to analyst estimates of $423.85 million. During the same period last year, the business posted $0.57 earnings per share. The business’s revenue for the quarter was down 10.1% compared to the same quarter last year. As a group, sell-side analysts forecast that Teradata will post 1.31 earnings per share for the current year.

Institutional Inflows and Outflows

A number of institutional investors have recently made changes to their positions in TDC. Tsfg LLC bought a new position in Teradata during the first quarter worth $26,000. Independence Bank of Kentucky acquired a new position in Teradata in the 4th quarter valued at about $37,000. UMB Bank n.a. raised its holdings in Teradata by 153.1% in the 1st quarter. UMB Bank n.a. now owns 1,906 shares of the technology company’s stock valued at $43,000 after acquiring an additional 1,153 shares during the period. Aster Capital Management DIFC Ltd lifted its position in Teradata by 53.0% during the fourth quarter. Aster Capital Management DIFC Ltd now owns 1,567 shares of the technology company’s stock worth $49,000 after acquiring an additional 543 shares during the last quarter. Finally, GAMMA Investing LLC boosted its holdings in shares of Teradata by 91.5% during the fourth quarter. GAMMA Investing LLC now owns 1,829 shares of the technology company’s stock worth $57,000 after acquiring an additional 874 shares during the period. 90.31% of the stock is owned by institutional investors and hedge funds.

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.