Teradata (NYSE:TDC) Cut to Buy at StockNews.com

StockNews.com cut shares of Teradata (NYSE:TDC - Free Report) from a strong-buy rating to a buy rating in a research note published on Thursday.

A number of other research firms also recently weighed in on TDC. Guggenheim decreased their price objective on Teradata from $42.00 to $37.00 and set a "buy" rating for the company in a report on Wednesday, February 12th. UBS Group upped their target price on Teradata from $24.00 to $26.00 and gave the company a "sell" rating in a report on Tuesday, November 5th. Evercore ISI lowered their price target on shares of Teradata from $37.00 to $32.00 and set an "outperform" rating for the company in a report on Wednesday, February 12th. Barclays reduced their price objective on shares of Teradata from $30.00 to $25.00 and set an "underweight" rating on the stock in a research note on Wednesday, February 12th. Finally, Northland Securities lowered 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. Three equities research analysts have rated the stock with a sell rating, four have given a hold rating and four have given a buy rating to the company. According to MarketBeat.com, the stock has a consensus rating of "Hold" and an average target price of $34.40.

Teradata Price Performance

Shares of NYSE:TDC traded down $0.05 during trading on Thursday, hitting $24.78. 1,501,231 shares of the company were exchanged, compared to its average volume of 746,164. The company has a quick ratio of 0.79, a current ratio of 0.80 and a debt-to-equity ratio of 4.01. Teradata has a 1-year low of $22.73 and a 1-year high of $39.70. The company has a market capitalization 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. The business's 50 day moving average is $31.23 and its 200-day moving average is $30.19.

Teradata (NYSE:TDC - Get Free Report) last posted its 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%. Equities analysts forecast that Teradata will post 1.41 earnings per share for the current year.

Hedge Funds Weigh In On Teradata

Large investors have recently modified their holdings of the company. Norges Bank acquired a new position in Teradata during the 4th quarter valued at about $36,315,000. Victory Capital Management Inc. grew its position in Teradata by 742.5% in the 4th quarter. Victory Capital Management Inc. now owns 1,127,141 shares of the technology company's stock worth $35,110,000 after purchasing an additional 993,358 shares in the last quarter. Ameriprise Financial Inc. boosted its position in Teradata by 12.4% in the fourth quarter. Ameriprise Financial Inc. now owns 5,450,428 shares of the technology company's stock worth $169,756,000 after purchasing an additional 599,394 shares during the last quarter. AQR Capital Management LLC grew its stake in Teradata by 17.2% in the 4th 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 period. Finally, Arrowstreet Capital Limited Partnership raised its stake in shares of Teradata by 470.0% during the 4th quarter. Arrowstreet Capital Limited Partnership now owns 495,539 shares of the technology company's stock worth $15,436,000 after purchasing an additional 408,595 shares during the period. 90.31% of the stock is currently owned by 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.