Evercore ISI Has Lowered Expectations for Teradata (NYSE:TDC) Stock Price

Teradata (NYSE:TDC) had its price target cut by equities researchers at Evercore ISI from $37.00 to $32.00 in a report issued on Wednesday,Benzinga reports. The brokerage presently has an “outperform” rating on the technology company’s stock. Evercore ISI’s price objective would indicate a potential upside of 28.75% from the company’s current price.

A number of other research firms also recently issued reports on TDC. Northland Securities reduced their price target on shares of Teradata from $38.00 to $37.00 and set an “outperform” rating for the company in a research report on Tuesday, November 5th. Royal Bank of Canada reaffirmed a “sector perform” rating and set a $32.00 price objective on shares of Teradata in a report on Tuesday, November 5th. Barclays lowered their target price on Teradata from $30.00 to $25.00 and set an “underweight” rating on the stock in a report on Wednesday. Finally, UBS Group lifted their price target on Teradata from $24.00 to $26.00 and gave the stock a “sell” rating in a research note on Tuesday, November 5th. Three 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. Based on data from MarketBeat.com, Teradata presently has a consensus rating of “Hold” and an average target price of $34.40.

Teradata Trading Up 1.0 %

NYSE TDC opened at $24.86 on Wednesday. Teradata has a 52-week low of $22.73 and a 52-week high of $39.70. The firm has a 50-day moving average price of $31.38 and a 200 day moving average price of $30.27. The stock 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. The company has a quick ratio of 0.79, a current ratio of 0.80 and a debt-to-equity ratio of 4.01.

Teradata (NYSE:TDC) last posted its quarterly earnings results 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 net margin of 4.56% and a return on equity of 145.40%. Equities research analysts expect that Teradata will post 1.41 EPS for the current year.

Institutional Investors Weigh In On Teradata

Several hedge funds have recently modified their holdings of TDC. CANADA LIFE ASSURANCE Co grew its position in shares of Teradata by 5.0% in the fourth quarter. CANADA LIFE ASSURANCE Co now owns 99,042 shares of the technology company’s stock valued at $3,084,000 after purchasing an additional 4,705 shares during the period. Marshall Wace LLP lifted its position in Teradata by 107.7% during the fourth quarter. Marshall Wace LLP now owns 107,197 shares of the technology company’s stock worth $3,339,000 after buying an additional 55,597 shares during the period. NewEdge Advisors LLC boosted its stake in Teradata by 772.8% in the 4th quarter. NewEdge Advisors LLC now owns 9,042 shares of the technology company’s stock worth $282,000 after buying an additional 8,006 shares during the last quarter. Bridgewater Associates LP grew its holdings in Teradata by 42.2% in the 4th quarter. Bridgewater Associates LP now owns 242,973 shares of the technology company’s stock valued at $7,569,000 after buying an additional 72,082 shares during the period. Finally, Mariner LLC increased its stake in shares of Teradata by 34.5% during the 4th quarter. Mariner LLC now owns 10,991 shares of the technology company’s stock valued at $342,000 after acquiring an additional 2,821 shares during the last quarter. 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.