Teradata (NYSE:TDC) Downgraded to Buy Rating by StockNews.com

StockNews.com cut shares of Teradata (NYSE:TDC) from a strong-buy rating to a buy rating in a report issued on Thursday morning.

A number of other equities research analysts have also recently weighed in on the company. Royal Bank of Canada cut their price target on Teradata from $32.00 to $29.00 and set a “sector perform” rating on the stock in a report on Wednesday. Barclays cut their target price on Teradata from $30.00 to $25.00 and set an “underweight” rating on the stock in a research note on Wednesday. JMP Securities reissued a “market perform” rating on shares of Teradata in a research note on Thursday. UBS Group lifted their price objective on shares of Teradata from $24.00 to $26.00 and gave the company a “sell” rating in a research note on Tuesday, November 5th. Finally, Guggenheim decreased their target price on shares of Teradata from $42.00 to $37.00 and set a “buy” rating for the company in a research report on Wednesday. Three investment analysts have rated the stock with a sell rating, four have issued a hold rating and four have assigned a buy rating to the company’s stock. Based on data from MarketBeat.com, the stock currently has an average rating of “Hold” and an average target price of $34.40.

Teradata Trading Up 1.0 %

NYSE:TDC opened at $24.86 on Thursday. Teradata has a 12-month low of $22.73 and a 12-month 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 business has a 50 day simple moving average of $31.38 and a 200 day simple moving average of $30.27. The firm has a market capitalization 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.

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

Hedge Funds Weigh In On Teradata

Several hedge funds have recently made changes to their positions in TDC. GAMMA Investing LLC boosted its holdings in Teradata by 88.0% during the third quarter. GAMMA Investing LLC now owns 955 shares of the technology company’s stock worth $29,000 after buying an additional 447 shares in the last quarter. CWM LLC lifted its position in shares of Teradata by 293.8% during the 3rd quarter. CWM LLC now owns 21,972 shares of the technology company’s stock valued at $667,000 after acquiring an additional 16,393 shares during the last quarter. Wedge Capital Management L L P NC boosted its stake in shares of Teradata by 9.2% during the 3rd quarter. Wedge Capital Management L L P NC now owns 62,120 shares of the technology company’s stock worth $1,885,000 after acquiring an additional 5,226 shares in the last quarter. nVerses Capital LLC acquired a new position in shares of Teradata in the 3rd quarter worth $185,000. Finally, Sumitomo Mitsui DS Asset Management Company Ltd lifted its holdings in shares of Teradata by 4.2% during the third quarter. Sumitomo Mitsui DS Asset Management Company Ltd now owns 11,165 shares of the technology company’s stock valued at $339,000 after purchasing an additional 449 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.