Morgan Stanley Upgrades Teradata (NYSE:TDC) to Overweight

Teradata (NYSE:TDC - Get Free Report) was upgraded by investment analysts at Morgan Stanley from an "equal weight" rating to an "overweight" rating in a research note issued to investors on Tuesday, MarketBeat Ratings reports. The firm presently has a $26.00 price target on the technology company's stock. Morgan Stanley's price target would suggest a potential upside of 27.18% from the company's previous close.

Other equities research analysts have also recently issued research reports about the company. Royal Bank of Canada lowered their price target on Teradata from $32.00 to $29.00 and set a "sector perform" rating on the stock in a report on Wednesday, February 12th. Guggenheim lowered their price objective on shares of Teradata from $42.00 to $37.00 and set a "buy" rating on the stock in a research note on Wednesday, February 12th. StockNews.com downgraded Teradata from a "strong-buy" rating to a "buy" rating in a research report on Tuesday, April 8th. Evercore ISI cut their price objective on shares of Teradata from $37.00 to $32.00 and set an "outperform" rating for the company in a research report on Wednesday, February 12th. 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, February 12th. Three investment analysts have rated the stock with a sell rating, three have given a hold rating and five have issued a buy rating to the stock. According to MarketBeat, the stock has an average rating of "Hold" and an average price target of $34.00.

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Teradata Stock Performance

TDC traded down $0.18 on Tuesday, hitting $20.44. 1,036,145 shares of the company traded hands, compared to its average volume of 1,040,620. The stock has a market capitalization of $1.96 billion, a PE ratio of 17.47, a PEG ratio of 6.23 and a beta of 0.87. 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 company has a 50 day moving average of $23.67 and a 200-day moving average of $28.65. Teradata has a 12-month low of $18.43 and a 12-month high of $38.45.

Teradata (NYSE:TDC - Get Free Report) last released its earnings results 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 return on equity of 149.16% and a net margin of 6.51%. Sell-side analysts anticipate that Teradata will post 1.31 earnings per share for the current year.

Institutional Trading of Teradata

Hedge funds have recently made changes to their positions in the company. Norges Bank bought a new stake in shares of Teradata in the 4th quarter worth about $36,315,000. UNICOM Systems Inc. acquired a new stake in shares of Teradata in the fourth quarter valued at approximately $3,162,000. Unified Investment Management bought a new stake in Teradata during the 4th quarter valued at $932,000. Victory Capital Management Inc. increased its stake in Teradata by 742.5% during the 4th quarter. Victory Capital Management Inc. now owns 1,127,141 shares of the technology company's stock valued at $35,110,000 after buying an additional 993,358 shares during the period. Finally, Versant Capital Management Inc raised its holdings in Teradata by 210.2% during the fourth quarter. Versant Capital Management Inc now owns 2,578 shares of the technology company's stock worth $80,000 after purchasing an additional 1,747 shares in the last quarter. Hedge funds and other institutional investors own 90.31% of the company's stock.

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.