Royal Bank of Canada Lowers Teradata (NYSE:TDC) Price Target to $29.00

Teradata (NYSE:TDC) had its price target decreased by Royal Bank of Canada from $32.00 to $29.00 in a note issued to investors on Wednesday,Benzinga reports. The firm presently has a “sector perform” rating on the technology company’s stock. Royal Bank of Canada’s target price suggests a potential upside of 16.68% from the stock’s current price.

TDC has been the topic of a number of other research reports. UBS Group increased their price objective on Teradata from $24.00 to $26.00 and gave the stock a “sell” rating in a report on Tuesday, November 5th. Barclays dropped their price objective on Teradata from $30.00 to $25.00 and set an “underweight” rating on the stock in a report on Wednesday. Evercore ISI dropped 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 lowered their price target on Teradata from $42.00 to $37.00 and set a “buy” rating on the stock in a report on Wednesday. Finally, Northland Securities lowered their price target on Teradata from $38.00 to $37.00 and set an “outperform” rating on the stock in a report on Tuesday, November 5th. Three equities research analysts have rated the stock with a sell rating, four have given a hold rating and four have given a buy rating to the stock. According to MarketBeat, the stock presently has an average rating of “Hold” and an average target price of $34.40.

Teradata Price Performance

NYSE TDC opened at $24.86 on Wednesday. The company has a 50 day simple moving average of $31.38 and a 200-day simple moving average of $30.27. Teradata has a 52-week low of $22.73 and a 52-week high of $39.70. The firm has a market capitalization of $2.38 billion, a price-to-earnings ratio of 29.59, a price-to-earnings-growth ratio of 3.19 and a beta of 0.78. The company has a debt-to-equity ratio of 4.01, a current ratio of 0.80 and a quick ratio of 0.79.

Teradata (NYSE:TDC) last released its quarterly earnings data on Tuesday, February 11th. The technology company reported $0.30 EPS 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%. Equities research analysts predict that Teradata will post 1.41 earnings per share for the current fiscal year.

Hedge Funds Weigh In On Teradata

Institutional investors and hedge funds have recently bought and sold shares of the stock. Algert Global LLC increased its position in Teradata by 46.3% during the third quarter. Algert Global LLC now owns 113,106 shares of the technology company’s stock worth $3,432,000 after acquiring an additional 35,800 shares during the period. Pacer Advisors Inc. increased its position in Teradata by 21.7% during the third quarter. Pacer Advisors Inc. now owns 2,071,302 shares of the technology company’s stock worth $62,843,000 after acquiring an additional 369,123 shares during the period. UNICOM Systems Inc. bought a new position in Teradata during the fourth quarter worth $3,162,000. John G Ullman & Associates Inc. increased its position in Teradata by 46.8% during the third quarter. John G Ullman & Associates Inc. now owns 144,850 shares of the technology company’s stock worth $4,395,000 after acquiring an additional 46,200 shares during the period. Finally, Assenagon Asset Management S.A. increased its position 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 acquiring an additional 396,584 shares during the period. Institutional investors 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.