Evercore ISI Lowers Teradata (NYSE:TDC) Price Target to $32.00

Teradata (NYSE:TDC - Get Free Report) had its price target cut by equities researchers at Evercore ISI from $37.00 to $32.00 in a note issued to investors on Wednesday,Benzinga reports. The firm currently has an "outperform" rating on the technology company's stock. Evercore ISI's price target points to a potential upside of 29.12% from the stock's current price.

Other analysts have also recently issued research reports about the company. Barclays dropped their target price on Teradata from $30.00 to $25.00 and set an "underweight" rating on the stock in a research report on Wednesday. UBS Group increased their target price on Teradata from $24.00 to $26.00 and gave the company a "sell" rating in a research report on Tuesday, November 5th. Northland Securities reduced their target price on Teradata from $38.00 to $37.00 and set an "outperform" rating for the company in a research note on Tuesday, November 5th. Finally, Royal Bank of Canada restated a "sector perform" rating and issued a $32.00 target price on shares of Teradata in a research note on Tuesday, November 5th. Three equities research 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. According to data from MarketBeat, Teradata has an average rating of "Hold" and a consensus price target of $34.40.

Teradata Trading Down 0.2 %

Shares of NYSE TDC traded down $0.05 during midday trading on Wednesday, hitting $24.78. The company's stock had a trading volume of 1,501,231 shares, compared to its average volume of 746,164. The business's 50 day moving average is $31.23 and its two-hundred day moving average is $30.22. The firm has a market cap of $2.37 billion, a P/E ratio of 29.50, a price-to-earnings-growth ratio of 3.19 and a beta of 0.78. Teradata has a 12-month low of $22.73 and a 12-month high of $39.70. The company has a current ratio of 0.80, a quick ratio of 0.79 and a debt-to-equity ratio of 4.01.

Teradata (NYSE:TDC - Get Free Report) last released its quarterly earnings data 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 return on equity of 145.40% and a net margin of 4.56%. As a group, equities research analysts expect that Teradata will post 1.41 EPS for the current year.

Hedge Funds Weigh In On Teradata

Institutional investors have recently modified their holdings of the stock. Algert Global LLC raised its stake in shares of Teradata by 46.3% during the 3rd quarter. Algert Global LLC now owns 113,106 shares of the technology company's stock valued at $3,432,000 after buying an additional 35,800 shares during the last quarter. Pacer Advisors Inc. increased its stake in shares of Teradata by 21.7% in the 3rd quarter. Pacer Advisors Inc. now owns 2,071,302 shares of the technology company's stock valued at $62,843,000 after purchasing an additional 369,123 shares in the last quarter. UNICOM Systems Inc. purchased a new position in shares of Teradata in the 4th quarter valued at about $3,162,000. John G Ullman & Associates Inc. increased its stake in shares of Teradata by 46.8% in the 3rd quarter. John G Ullman & Associates Inc. now owns 144,850 shares of the technology company's stock valued at $4,395,000 after purchasing an additional 46,200 shares in the last quarter. Finally, Assenagon Asset Management S.A. increased its stake in shares of Teradata by 828.5% in the 3rd quarter. Assenagon Asset Management S.A. now owns 444,450 shares of the technology company's stock valued at $13,485,000 after purchasing an additional 396,584 shares in the last quarter. Hedge funds and other institutional investors own 90.31% of the company's stock.

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.