Teradata (NYSE:TDC) Raised to Strong-Buy at StockNews.com

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

Other equities analysts have also issued reports about the company. JMP Securities reaffirmed a “market perform” rating on shares of Teradata in a research note on Thursday, February 13th. Barclays reduced their price objective on Teradata from $30.00 to $25.00 and set an “underweight” rating on the stock in a research note on Wednesday, February 12th. Royal Bank of Canada reduced their price objective on Teradata from $32.00 to $29.00 and set a “sector perform” rating on the stock in a research note on Wednesday, February 12th. Evercore ISI reduced their price objective on Teradata from $37.00 to $32.00 and set an “outperform” rating on the stock in a research note on Wednesday, February 12th. Finally, Guggenheim reduced their price objective on Teradata from $42.00 to $37.00 and set a “buy” rating on the stock in a research note on Wednesday, February 12th. Three equities research analysts have rated the stock with a sell rating, four have given a hold rating, three have issued a buy rating and one has given a strong buy rating to the company. According to data from MarketBeat.com, the stock currently has a consensus rating of “Hold” and an average price target of $34.40.

Teradata Stock Up 3.3 %

TDC opened at $22.69 on Thursday. The company has a debt-to-equity ratio of 3.65, a current ratio of 0.81 and a quick ratio of 0.79. The stock has a market capitalization of $2.15 billion, a price-to-earnings ratio of 19.39, a price-to-earnings-growth ratio of 6.23 and a beta of 0.75. The business has a 50-day moving average of $27.98 and a two-hundred day moving average of $29.64. Teradata has a 12 month low of $21.80 and a 12 month high of $39.70.

Teradata (NYSE:TDC) last posted its quarterly 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%. On average, research analysts expect that Teradata will post 1.31 earnings per share for the current year.

Hedge Funds Weigh In On Teradata

Several hedge funds and other institutional investors have recently bought and sold shares of the stock. Point72 Asset Management L.P. purchased a new stake in Teradata during the 3rd quarter worth approximately $27,000. Brooklyn Investment Group purchased a new stake in Teradata during the 3rd quarter worth approximately $32,000. Independence Bank of Kentucky purchased a new stake in Teradata during the 4th quarter worth approximately $37,000. Aster Capital Management DIFC Ltd increased its holdings 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 worth $49,000 after purchasing an additional 543 shares during the last quarter. Finally, Groupama Asset Managment purchased a new stake in Teradata during the 3rd quarter worth approximately $50,000. 90.31% of the stock is owned by institutional investors and hedge funds.

About Teradata

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.