Teradata (NYSE:TDC) Price Target Cut to $22.00 by Analysts at Barclays

Teradata (NYSE:TDC) had its price objective cut by Barclays from $25.00 to $22.00 in a report issued on Monday,Benzinga reports. They currently have an underweight rating on the technology company’s stock.

A number of other research firms have also weighed in on TDC. StockNews.com lowered shares of Teradata from a “strong-buy” rating to a “buy” rating in a report on Tuesday, April 8th. JMP Securities reiterated a “market perform” rating on shares of Teradata in a report on Thursday, February 13th. Royal Bank of Canada reduced their target price on Teradata from $32.00 to $29.00 and set a “sector perform” rating on the stock in a research note on Wednesday, February 12th. 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. Finally, Guggenheim reduced their price objective on shares of Teradata from $42.00 to $37.00 and set a “buy” rating on the stock in a research report on Wednesday, February 12th. Three research analysts have rated the stock with a sell rating, three have given a hold rating and five have issued a buy rating to the company’s stock. Based on data from MarketBeat, the stock currently has a consensus rating of “Hold” and an average price target of $33.70.

Teradata Stock Down 1.9 %

Shares of NYSE:TDC opened at $19.96 on Monday. Teradata has a 12-month low of $18.43 and a 12-month high of $38.45. The company has a current ratio of 0.81, a quick ratio of 0.79 and a debt-to-equity ratio of 3.65. The stock’s 50-day moving average price is $22.52 and its 200-day moving average price is $28.23. The stock has a market capitalization of $1.92 billion, a P/E ratio of 17.06, a price-to-earnings-growth ratio of 6.23 and a beta of 0.87.

Teradata (NYSE:TDC) last posted its quarterly 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%. On average, equities analysts anticipate that Teradata will post 1.31 earnings per share for the current year.

Institutional Investors Weigh In On Teradata

Hedge funds have recently bought and sold shares of the business. Barclays PLC boosted its position in shares of Teradata by 49.2% in the 3rd quarter. Barclays PLC now owns 169,687 shares of the technology company’s stock worth $5,150,000 after purchasing an additional 55,979 shares in the last quarter. Geode Capital Management LLC increased its holdings in shares of Teradata by 0.5% during the third quarter. Geode Capital Management LLC now owns 1,685,317 shares of the technology company’s stock valued at $51,145,000 after acquiring an additional 8,289 shares in the last quarter. Sanctuary Advisors LLC purchased a new position in shares of Teradata in the 3rd quarter worth about $431,000. Franklin Resources Inc. boosted its stake in Teradata by 21.4% in the 3rd quarter. Franklin Resources Inc. now owns 127,029 shares of the technology company’s stock worth $4,029,000 after purchasing an additional 22,359 shares in the last quarter. Finally, Retirement Systems of Alabama increased its stake in Teradata by 15.9% during the 3rd quarter. Retirement Systems of Alabama now owns 704,163 shares of the technology company’s stock valued at $21,364,000 after purchasing an additional 96,341 shares in the last quarter. Institutional investors own 90.31% of the company’s stock.

Teradata Company Profile

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.