Evercore ISI Issues Pessimistic Forecast for Teradata (NYSE:TDC) Stock Price

Teradata (NYSE:TDC - Get Free Report) had its price target cut by Evercore ISI from $37.00 to $32.00 in a research report issued to clients and investors on Wednesday,Benzinga reports. The firm presently 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 company's previous close.

Other analysts also recently issued research reports about the company. Royal Bank of Canada reiterated a "sector perform" rating and set a $32.00 price target on shares of Teradata in a research note on Tuesday, November 5th. UBS Group increased their price target on Teradata from $24.00 to $26.00 and gave the stock 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 report on Tuesday, November 5th. Finally, Barclays cut their price target on Teradata from $30.00 to $25.00 and set an "underweight" rating for the company 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 assigned a buy rating to the company. Based on data from MarketBeat.com, Teradata presently has an average rating of "Hold" and a consensus price target of $34.40.

Teradata Stock Performance

TDC stock traded down $0.05 during 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. Teradata has a 52 week low of $22.73 and a 52 week high of $39.70. The stock's 50 day moving average is $31.23 and its two-hundred day moving average is $30.20. The company has a current ratio of 0.80, a quick ratio of 0.79 and a debt-to-equity ratio of 4.01. The firm has a market cap of $2.37 billion, a PE 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 earnings per share (EPS) for the quarter, missing the consensus estimate of $0.44 by ($0.14). Teradata had a net margin of 4.56% and a return on equity of 145.40%. As a group, equities analysts anticipate that Teradata will post 1.41 earnings per share for the current year.

Institutional Trading of Teradata

Institutional investors and hedge funds have recently made changes to their positions in the company. Algert Global LLC lifted its position in shares of Teradata by 46.3% during the third quarter. Algert Global LLC now owns 113,106 shares of the technology company's stock worth $3,432,000 after purchasing an additional 35,800 shares during the last quarter. UNICOM Systems Inc. bought a new stake in Teradata during the fourth quarter worth approximately $3,162,000. Pacer Advisors Inc. boosted its holdings in Teradata by 21.7% during the third quarter. Pacer Advisors Inc. now owns 2,071,302 shares of the technology company's stock worth $62,843,000 after buying an additional 369,123 shares in the last quarter. John G Ullman & Associates Inc. boosted its holdings in Teradata by 46.8% during the third quarter. John G Ullman & Associates Inc. now owns 144,850 shares of the technology company's stock worth $4,395,000 after buying an additional 46,200 shares in the last quarter. Finally, Assenagon Asset Management S.A. boosted its stake in Teradata by 828.5% in the 3rd quarter. Assenagon Asset Management S.A. now owns 444,450 shares of the technology company's stock worth $13,485,000 after purchasing an additional 396,584 shares during the period. 90.31% of the stock is currently 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.