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

Teradata (NYSE:TDC - Get Free Report) had its price objective reduced by stock analysts at Royal Bank of Canada from $32.00 to $29.00 in a report issued on Wednesday,Benzinga reports. The firm presently has a "sector perform" rating on the technology company's stock. Royal Bank of Canada's price target would indicate a potential upside of 17.02% from the company's previous close.

TDC has been the topic of a number of other research reports. UBS Group boosted their price objective on shares of Teradata from $24.00 to $26.00 and gave the stock a "sell" rating in a report on Tuesday, November 5th. Northland Securities decreased their price objective on shares of Teradata from $38.00 to $37.00 and set an "outperform" rating for the company in a research note on Tuesday, November 5th. Guggenheim decreased their target price on shares of Teradata from $42.00 to $37.00 and set a "buy" rating for the company in a research note on Wednesday. Barclays dropped their target price on shares of Teradata from $30.00 to $25.00 and set an "underweight" rating on the stock in a report on Wednesday. Finally, Evercore ISI dropped their price objective on shares of Teradata from $37.00 to $32.00 and set an "outperform" rating on the stock in a report on Wednesday. Three equities research analysts have rated the stock with a sell rating, four have assigned a hold rating and four have issued a buy rating to the company. According to data from MarketBeat, the company currently has an average rating of "Hold" and a consensus price target of $34.40.

Teradata Stock Down 0.2 %

Shares of TDC traded down $0.05 during midday trading on Wednesday, reaching $24.78. The stock had a trading volume of 1,501,231 shares, compared to its average volume of 746,164. The company's fifty day simple moving average is $31.23 and its two-hundred day simple moving average is $30.20. Teradata has a 1-year low of $22.73 and a 1-year high of $39.70. The company has a debt-to-equity ratio of 4.01, a current ratio of 0.80 and a quick ratio of 0.79. The company has a market cap of $2.37 billion, a price-to-earnings ratio of 29.50, a PEG ratio of 3.19 and a beta of 0.78.

Teradata (NYSE:TDC - Get Free Report) last posted 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 net margin of 4.56% and a return on equity of 145.40%. Equities research analysts expect that Teradata will post 1.41 earnings per share for the current year.

Institutional Trading of Teradata

Hedge funds have recently made changes to their positions in the stock. GAMMA Investing LLC raised its position in shares of Teradata by 88.0% in the third quarter. GAMMA Investing LLC now owns 955 shares of the technology company's stock valued at $29,000 after purchasing an additional 447 shares during the period. CWM LLC lifted its position in Teradata by 293.8% during the 3rd quarter. CWM LLC now owns 21,972 shares of the technology company's stock worth $667,000 after buying an additional 16,393 shares in the last quarter. Wedge Capital Management L L P NC lifted its position in Teradata by 9.2% during the 3rd quarter. Wedge Capital Management L L P NC now owns 62,120 shares of the technology company's stock worth $1,885,000 after buying an additional 5,226 shares in the last quarter. nVerses Capital LLC acquired a new position in Teradata during the 3rd quarter valued at about $185,000. Finally, Sumitomo Mitsui DS Asset Management Company Ltd lifted its position in Teradata by 4.2% during the 3rd quarter. Sumitomo Mitsui DS Asset Management Company Ltd now owns 11,165 shares of the technology company's stock valued at $339,000 after purchasing an additional 449 shares during the period. 90.31% of the stock is owned by hedge funds and other institutional investors.

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.