Teradata (NYSE:TDC) Given “Market Perform” Rating at JMP Securities

JMP Securities reiterated their market perform rating on shares of Teradata (NYSE:TDC) in a report released on Thursday,Benzinga reports.

A number of other equities analysts also recently commented on TDC. UBS Group lifted their target price on shares of Teradata from $24.00 to $26.00 and gave the stock a “sell” rating in a research note on Tuesday, November 5th. Evercore ISI decreased their price objective on Teradata from $37.00 to $32.00 and set an “outperform” rating on the stock in a report on Wednesday. Guggenheim cut their target price on Teradata from $42.00 to $37.00 and set a “buy” rating for the company in a research note on Wednesday. Royal Bank of Canada reduced their target price on Teradata from $32.00 to $29.00 and set a “sector perform” rating on the stock in a research report on Wednesday. Finally, Northland Securities lowered their price target on Teradata from $38.00 to $37.00 and set an “outperform” rating for the company in a report on Tuesday, November 5th. Three investment analysts have rated the stock with a sell rating, four have issued a hold rating and four have issued a buy rating to the company’s stock. Based on data from MarketBeat.com, Teradata presently has an average rating of “Hold” and an average price target of $34.40.

Teradata Trading Up 1.0 %

Shares of Teradata stock opened at $24.86 on Thursday. Teradata has a 1-year low of $22.73 and a 1-year high of $39.70. The company has a debt-to-equity ratio of 4.01, a current ratio of 0.80 and a quick ratio of 0.79. The stock has a market cap of $2.38 billion, a P/E ratio of 29.59, a P/E/G ratio of 3.19 and a beta of 0.78. The stock’s 50 day simple moving average is $31.38 and its 200-day simple moving average is $30.27.

Teradata (NYSE:TDC) last released its quarterly earnings data on Tuesday, February 11th. The technology company reported $0.30 earnings per share for the quarter, missing analysts’ consensus estimates of $0.44 by ($0.14). Teradata had a return on equity of 145.40% and a net margin of 4.56%. Analysts predict that Teradata will post 1.41 EPS for the current fiscal year.

Institutional Investors Weigh In On Teradata

A number of hedge funds and other institutional investors have recently modified their holdings of the company. Norges Bank purchased a new position in Teradata in the fourth quarter valued at $36,315,000. Victory Capital Management Inc. boosted its position in shares of Teradata by 742.5% during the 4th quarter. Victory Capital Management Inc. now owns 1,127,141 shares of the technology company’s stock worth $35,110,000 after acquiring an additional 993,358 shares in the last quarter. Arrowstreet Capital Limited Partnership increased its holdings in shares of Teradata by 470.0% in the 4th quarter. Arrowstreet Capital Limited Partnership now owns 495,539 shares of the technology company’s stock valued at $15,436,000 after acquiring an additional 408,595 shares during the last quarter. LSV Asset Management raised its position in shares of Teradata by 98.0% during the 4th quarter. LSV Asset Management now owns 812,200 shares of the technology company’s stock worth $25,300,000 after acquiring an additional 401,921 shares in the last quarter. Finally, Assenagon Asset Management S.A. lifted its stake in Teradata by 828.5% during the third quarter. Assenagon Asset Management S.A. now owns 444,450 shares of the technology company’s stock worth $13,485,000 after purchasing an additional 396,584 shares during the last quarter. 90.31% of the stock is currently 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.