Teradata (NYSE:TDC) Stock Rating Lowered by Northland Securities

Teradata (NYSE:TDC) was downgraded by investment analysts at Northland Securities from an “outperform” rating to a “market perform” rating in a research note issued on Wednesday, Marketbeat Ratings reports. They presently have a $21.00 price target on the technology company’s stock. Northland Securities’ price objective indicates a potential downside of 7.26% from the stock’s current price.

TDC has been the subject of several other research reports. Guggenheim dropped their price target on shares of Teradata from $42.00 to $37.00 and set a “buy” rating for the company in a research report on Wednesday, February 12th. Evercore ISI cut their target price on Teradata from $37.00 to $32.00 and set an “outperform” rating for the company in a research report on Wednesday, February 12th. Royal Bank of Canada decreased their price target 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. JMP Securities reiterated a “market perform” rating on shares of Teradata in a research note on Thursday, February 13th. Finally, StockNews.com downgraded shares of Teradata from a “strong-buy” rating to a “buy” rating in a research note on Tuesday, April 8th. Two research analysts have rated the stock with a sell rating, five have issued a hold rating and four have issued a buy rating to the company. According to data from MarketBeat, Teradata currently has an average rating of “Hold” and an average target price of $27.50.

Teradata Stock Up 1.4 %

NYSE TDC opened at $22.65 on Wednesday. Teradata has a twelve month low of $18.43 and a twelve month high of $35.60. The company has a debt-to-equity ratio of 3.65, a quick ratio of 0.79 and a current ratio of 0.81. The stock has a market cap of $2.17 billion, a PE ratio of 19.35, a PEG ratio of 6.23 and a beta of 0.80. The firm has a 50-day simple moving average of $21.87 and a 200 day simple moving average of $27.39.

Teradata (NYSE:TDC) last announced its quarterly earnings data on Tuesday, May 6th. The technology company reported $0.66 earnings per share for the quarter, topping the consensus estimate of $0.57 by $0.09. The company had revenue of $418.00 million for the quarter, compared to analyst estimates of $423.85 million. Teradata had a return on equity of 149.16% and a net margin of 6.51%. Teradata’s revenue for the quarter was down 10.1% compared to the same quarter last year. During the same quarter last year, the firm earned $0.57 EPS. On average, research analysts forecast that Teradata will post 1.31 EPS for the current year.

Institutional Inflows and Outflows

Several institutional investors and hedge funds have recently added to or reduced their stakes in TDC. Norges Bank bought a new position in shares of Teradata in the fourth quarter worth about $36,315,000. Victory Capital Management Inc. raised its position in shares of Teradata by 742.5% during the fourth quarter. Victory Capital Management Inc. now owns 1,127,141 shares of the technology company’s stock worth $35,110,000 after acquiring an additional 993,358 shares during the last quarter. Ameriprise Financial Inc. raised its holdings in Teradata by 12.4% during the 4th 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 lifted its position in Teradata by 17.2% during 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 boosted its stake in shares of Teradata by 470.0% in the 4th quarter. Arrowstreet Capital Limited Partnership now owns 495,539 shares of the technology company’s stock valued at $15,436,000 after purchasing an additional 408,595 shares during the last quarter. Institutional investors and hedge funds 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.