Teradata Corporation (NYSE:TDC) Receives $26.86 Average PT from Brokerages

Teradata Corporation (NYSE:TDC) has been given a consensus rating of “Hold” by the nine research firms that are presently covering the stock, MarketBeat Ratings reports. One research analyst has rated the stock with a sell recommendation, five have issued a hold recommendation and three have issued a buy recommendation on the company. The average 1-year price target among analysts that have updated their coverage on the stock in the last year is $26.8571.

TDC has been the topic of several recent research reports. UBS Group reduced their price target on shares of Teradata from $24.00 to $23.00 and set a “neutral” rating on the stock in a report on Wednesday, August 6th. Northland Capmk downgraded shares of Teradata from a “strong-buy” rating to a “hold” rating in a research note on Wednesday, May 7th. Barclays reduced their price objective on shares of Teradata from $25.00 to $22.00 and set an “underweight” rating on the stock in a research note on Monday, April 21st. Guggenheim reduced their price objective on shares of Teradata from $37.00 to $35.00 and set a “buy” rating on the stock in a research note on Wednesday, May 7th. Finally, Northland Securities downgraded shares of Teradata from an “outperform” rating to a “market perform” rating and set a $21.00 price objective on the stock. in a research note on Wednesday, May 7th.

Hedge Funds Weigh In On Teradata

Several institutional investors and hedge funds have recently bought and sold shares of the stock. Vanguard Group Inc. increased its position in Teradata by 5.6% during the first quarter. Vanguard Group Inc. now owns 13,774,843 shares of the technology company’s stock worth $309,658,000 after purchasing an additional 728,333 shares during the last quarter. Lynrock Lake LP increased its position in Teradata by 37.6% during the first quarter. Lynrock Lake LP now owns 9,416,666 shares of the technology company’s stock worth $211,687,000 after purchasing an additional 2,572,320 shares during the last quarter. Ameriprise Financial Inc. increased its position in shares of 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 acquiring an additional 599,394 shares in the last quarter. AQR Capital Management LLC increased its position in shares of Teradata by 175.3% in the second quarter. AQR Capital Management LLC now owns 3,913,277 shares of the technology company’s stock worth $86,914,000 after acquiring an additional 2,491,938 shares in the last quarter. Finally, Boston Trust Walden Corp increased its position in shares of Teradata by 21.6% in the second quarter. Boston Trust Walden Corp now owns 1,966,309 shares of the technology company’s stock worth $43,868,000 after acquiring an additional 349,439 shares in the last quarter. Institutional investors and hedge funds own 90.31% of the company’s stock.

Teradata Stock Down 0.2%

Shares of NYSE TDC opened at $21.12 on Friday. Teradata has a 12-month low of $18.43 and a 12-month high of $33.69. The company has a market capitalization of $2.00 billion, a PE ratio of 18.69, a price-to-earnings-growth ratio of 5.02 and a beta of 0.83. The company has a debt-to-equity ratio of 2.78, a current ratio of 0.84 and a quick ratio of 0.84. The firm’s 50-day moving average is $21.79 and its two-hundred day moving average is $22.67.

Teradata (NYSE:TDC) last announced its quarterly earnings results on Tuesday, August 5th. The technology company reported $0.47 earnings per share (EPS) for the quarter, beating the consensus estimate of $0.41 by $0.06. Teradata had a net margin of 6.57% and a return on equity of 96.29%. The company had revenue of $408.00 million for the quarter, compared to the consensus estimate of $399.73 million. During the same quarter in the prior year, the firm earned $0.64 earnings per share. The company’s revenue for the quarter was down 6.4% compared to the same quarter last year. Equities analysts anticipate that Teradata will post 1.31 EPS for the current fiscal year.

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.