Teradata (NYSE:TDC) Stock Rating Upgraded by StockNews.com

Teradata (NYSE:TDC - Get Free Report) was upgraded by StockNews.com from a "buy" rating to a "strong-buy" rating in a research note issued on Thursday.

A number of other equities analysts have also commented on TDC. Royal Bank of Canada decreased their price target on shares of Teradata from $32.00 to $29.00 and set a "sector perform" rating on the stock in a report on Wednesday, February 12th. JMP Securities restated a "market perform" rating on shares of Teradata in a research report on Thursday, February 13th. Evercore ISI dropped their price target on Teradata from $37.00 to $32.00 and set an "outperform" rating for the company in a research note on Wednesday, February 12th. Barclays reduced their price objective on Teradata from $30.00 to $25.00 and set an "underweight" rating on the stock in a research report on Wednesday, February 12th. Finally, Guggenheim cut their target price on Teradata from $42.00 to $37.00 and set a "buy" 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, three have issued a buy rating and one has issued a strong buy rating to the company's stock. According to data from MarketBeat, the stock has a consensus rating of "Hold" and an average target price of $34.40.

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Teradata Price Performance

NYSE:TDC traded up $0.58 during trading hours on Thursday, hitting $23.27. 1,639,739 shares of the company's stock traded hands, compared to its average volume of 882,498. Teradata has a 52 week low of $21.80 and a 52 week high of $39.70. The business's fifty day simple moving average is $27.65 and its two-hundred day simple moving average is $29.59. 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 firm has a market cap of $2.20 billion, a P/E ratio of 19.89, a P/E/G ratio of 6.23 and a beta of 0.75.

Teradata (NYSE:TDC - Get Free Report) last issued its quarterly earnings results on Tuesday, February 11th. The technology company reported $0.30 earnings per share (EPS) for the quarter, missing analysts' consensus estimates 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 anticipate that Teradata will post 1.31 earnings per share for the current fiscal year.

Hedge Funds Weigh In On Teradata

Hedge funds have recently made changes to their positions in the business. Wealth Enhancement Advisory Services LLC increased its position in Teradata by 111.6% during the 4th quarter. Wealth Enhancement Advisory Services LLC now owns 42,174 shares of the technology company's stock valued at $1,314,000 after purchasing an additional 22,246 shares during the period. Jefferies Financial Group Inc. bought a new stake in shares of Teradata during the 4th quarter valued at about $3,255,000. Mackenzie Financial Corp increased its position in shares of Teradata by 40.6% during the fourth quarter. Mackenzie Financial Corp now owns 128,650 shares of the technology company's stock valued at $4,007,000 after buying an additional 37,130 shares during the period. Vise Technologies Inc. raised its stake in Teradata by 7.4% in the fourth quarter. Vise Technologies Inc. now owns 9,562 shares of the technology company's stock worth $298,000 after buying an additional 662 shares in the last quarter. Finally, CSS LLC IL purchased a new stake in Teradata in the fourth quarter worth about $426,000. 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.