Teradata (NYSE:TDC) Cut to “Buy” at StockNews.com

Teradata (NYSE:TDC) was downgraded by research analysts at StockNews.com from a “strong-buy” rating to a “buy” rating in a research note issued to investors on Saturday.

Other equities analysts have also issued research reports about the stock. JMP Securities reiterated a “market perform” rating on shares of Teradata in a report on Thursday, February 13th. Guggenheim dropped their price target on Teradata from $42.00 to $37.00 and set a “buy” rating on the stock in a research note on Wednesday, February 12th. Royal Bank of Canada reduced their price objective on Teradata from $32.00 to $29.00 and set a “sector perform” rating for the company in a research note on Wednesday, February 12th. Evercore ISI lowered their target price on Teradata from $37.00 to $32.00 and set an “outperform” rating on the stock in a research report on Wednesday, February 12th. Finally, Barclays reduced their price target 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. Three investment analysts have rated the stock with a sell rating, four have issued a hold rating and four have given a buy rating to the company’s stock. According to MarketBeat, Teradata presently has a consensus rating of “Hold” and a consensus price target of $34.40.

Teradata Stock Down 2.7 %

Shares of Teradata stock opened at $22.98 on Friday. The firm has a market cap of $2.17 billion, a price-to-earnings ratio of 19.64, a PEG ratio of 6.23 and a beta of 0.75. The stock’s 50-day moving average is $26.32 and its 200 day moving average is $29.29. 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 one year low of $21.80 and a one year high of $39.12.

Teradata (NYSE:TDC) last announced its quarterly earnings data on Tuesday, February 11th. The technology company reported $0.30 EPS for the quarter, missing the consensus estimate of $0.44 by ($0.14). Teradata had a return on equity of 149.16% and a net margin of 6.51%. Equities research analysts anticipate that Teradata will post 1.31 EPS for the current year.

Hedge Funds Weigh In On Teradata

Large investors have recently bought and sold shares of the stock. Venturi Wealth Management LLC boosted its stake in Teradata by 20.9% in the fourth quarter. Venturi Wealth Management LLC now owns 2,109 shares of the technology company’s stock valued at $66,000 after acquiring an additional 365 shares during the last quarter. Tealwood Asset Management Inc. raised its holdings in shares of Teradata by 0.9% in the 4th 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 period. Xponance Inc. lifted its stake in Teradata by 2.3% in the fourth quarter. Xponance Inc. now owns 19,074 shares of the technology company’s stock valued at $594,000 after purchasing an additional 428 shares during the last quarter. Sumitomo Mitsui DS Asset Management Company Ltd grew its holdings in Teradata by 3.9% during the fourth quarter. Sumitomo Mitsui DS Asset Management Company Ltd now owns 11,596 shares of the technology company’s stock valued at $361,000 after purchasing an additional 431 shares during the period. Finally, Wealth Enhancement Advisory Services LLC increased its position in Teradata by 2.3% in the fourth quarter. Wealth Enhancement Advisory Services LLC now owns 20,383 shares of the technology company’s stock worth $618,000 after buying an additional 455 shares during the last quarter. 90.31% of the stock is currently owned by institutional investors.

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.