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

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

TDC has been the subject of a number of other research reports. JMP Securities reissued a “market perform” rating on shares of Teradata in a report on Thursday, February 13th. Royal Bank of Canada lowered their target price 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. Guggenheim reduced their price target on shares of Teradata from $42.00 to $37.00 and set a “buy” rating on the stock in a research note on Wednesday, February 12th. Evercore ISI lowered their price objective on shares of Teradata from $37.00 to $32.00 and set an “outperform” rating for the company in a research report on Wednesday, February 12th. Finally, Barclays dropped their price objective on shares of Teradata from $30.00 to $25.00 and set an “underweight” rating for the company in a research note on Wednesday, February 12th. Three research analysts have rated the stock with a sell rating, four have given a hold rating and four have issued a buy rating to the stock. According to MarketBeat.com, Teradata has an average rating of “Hold” and an average price target of $34.40.

Teradata Stock Down 2.7 %

TDC stock opened at $22.98 on Friday. Teradata has a 52 week low of $21.80 and a 52 week high of $39.12. The business has a 50-day simple moving average of $26.32 and a 200 day simple moving average of $29.29. The company has a quick ratio of 0.79, a current ratio of 0.81 and a debt-to-equity ratio of 3.65. The company has a market cap of $2.17 billion, a PE ratio of 19.64, a price-to-earnings-growth ratio of 6.23 and a beta of 0.75.

Teradata (NYSE:TDC) last issued its earnings results 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 net margin of 6.51% and a return on equity of 149.16%. Sell-side analysts anticipate that Teradata will post 1.31 EPS for the current fiscal year.

Institutional Trading of Teradata

Several institutional investors have recently modified their holdings of TDC. Point72 Asset Management L.P. acquired a new position in Teradata during the 3rd quarter worth about $27,000. Brooklyn Investment Group bought a new position in shares of Teradata during the third quarter worth about $32,000. Independence Bank of Kentucky acquired a new position in shares of Teradata in the fourth quarter worth approximately $37,000. Aster Capital Management DIFC Ltd increased its position in Teradata by 53.0% during the 4th quarter. Aster Capital Management DIFC Ltd now owns 1,567 shares of the technology company’s stock valued at $49,000 after purchasing an additional 543 shares during the period. Finally, Groupama Asset Managment bought a new position in Teradata during the 3rd quarter worth approximately $50,000. 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.