Teradata (NYSE:TDC - Free Report) had its target price cut by Guggenheim from $42.00 to $37.00 in a research note released on Wednesday,Benzinga reports. They currently have a buy rating on the technology company's stock.
TDC has been the subject of several other reports. Northland Securities decreased their target price 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. Royal Bank of Canada restated a "sector perform" rating and set a $32.00 price target on shares of Teradata in a report on Tuesday, November 5th. UBS Group lifted their price target on shares of Teradata from $24.00 to $26.00 and gave the company a "sell" rating in a research report on Tuesday, November 5th. Evercore ISI decreased their price target on shares of Teradata from $37.00 to $32.00 and set an "outperform" rating on the stock in a research note on Wednesday. Finally, Barclays decreased their price target on shares of Teradata from $30.00 to $25.00 and set an "underweight" rating on the stock in a research note on Wednesday. Three research analysts have rated the stock with a sell rating, four have issued a hold rating and four have given a buy rating to the company's stock. According to MarketBeat.com, the company has an average rating of "Hold" and an average target price of $34.40.
Check Out Our Latest Analysis on TDC
Teradata Stock Performance
NYSE:TDC traded down $0.05 during mid-day 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 fifty day moving average is $31.23 and its two-hundred day moving average is $30.20. The company has a debt-to-equity ratio of 4.01, a current ratio of 0.80 and a quick ratio of 0.79. Teradata has a 1 year low of $22.73 and a 1 year high of $39.70. The stock 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 issued 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 4.56% and a return on equity of 145.40%. Analysts anticipate that Teradata will post 1.41 EPS for the current fiscal year.
Institutional Inflows and Outflows
A number of hedge funds have recently made changes to their positions in the stock. AQR Capital Management LLC grew its stake in Teradata by 17.2% in the fourth quarter. AQR Capital Management LLC now owns 2,839,658 shares of the technology company's stock valued at $88,029,000 after purchasing an additional 416,585 shares during the last quarter. Pacer Advisors Inc. increased its position in shares of Teradata by 5.2% during the fourth quarter. Pacer Advisors Inc. now owns 2,179,728 shares of the technology company's stock worth $67,899,000 after purchasing an additional 108,426 shares in the last quarter. FMR LLC grew its holdings in Teradata by 2.7% in the 3rd quarter. FMR LLC now owns 1,932,741 shares of the technology company's stock valued at $58,639,000 after buying an additional 51,080 shares in the last quarter. Geode Capital Management LLC lifted its stake in Teradata by 0.5% during the 3rd quarter. Geode Capital Management LLC now owns 1,685,317 shares of the technology company's stock worth $51,145,000 after acquiring an additional 8,289 shares in the last quarter. Finally, M&G PLC lifted its stake in Teradata by 4.4% during the 3rd quarter. M&G PLC now owns 1,235,174 shares of the technology company's stock worth $37,055,000 after acquiring an additional 51,491 shares in the last quarter. 90.31% of the stock is currently owned by institutional investors.
Teradata Company Profile
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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.
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