BidaskClub upgraded shares of Teradata Corporation (NYSE:TDC) from a hold rating to a buy rating in a research note issued to investors on Friday.

TDC has been the subject of a number of other reports. BTIG Research started coverage on shares of Teradata Corporation in a research report on Monday, April 17th. They set a neutral rating for the company. Deutsche Bank AG restated a hold rating and set a $30.00 price objective (down from $32.00) on shares of Teradata Corporation in a research report on Saturday, April 29th. Sanford C. Bernstein started coverage on shares of Teradata Corporation in a research report on Wednesday, May 24th. They set an underperform rating and a $25.00 price objective for the company. BMO Capital Markets upped their price objective on shares of Teradata Corporation from $30.00 to $32.00 and gave the stock a market perform rating in a research report on Friday, July 28th. Finally, TheStreet cut shares of Teradata Corporation from a b- rating to a c rating in a research report on Thursday, April 27th. Six equities research analysts have rated the stock with a sell rating, eight have assigned a hold rating and two have given a buy rating to the company. Teradata Corporation presently has a consensus rating of Hold and a consensus price target of $28.50.

Teradata Corporation (NYSE:TDC) traded down 0.96% during trading on Friday, reaching $31.91. 1,256,796 shares of the company traded hands. The firm has a 50-day moving average price of $29.46 and a 200-day moving average price of $29.82. Teradata Corporation has a 52 week low of $26.27 and a 52 week high of $33.32. The company has a market capitalization of $4.08 billion, a P/E ratio of 41.60 and a beta of 1.28.

Teradata Corporation (NYSE:TDC) last posted its quarterly earnings data on Thursday, July 27th. The technology company reported $0.22 earnings per share for the quarter, hitting the Zacks’ consensus estimate of $0.22. The company had revenue of $513 million during the quarter, compared to analysts’ expectations of $519.79 million. Teradata Corporation had a net margin of 4.63% and a return on equity of 21.12%. The firm’s revenue for the quarter was down 14.4% on a year-over-year basis. During the same period in the prior year, the business posted $0.71 earnings per share. Analysts forecast that Teradata Corporation will post $1.24 earnings per share for the current fiscal year.

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In other news, insider Victor L. Lund acquired 31,270 shares of the company’s stock in a transaction that occurred on Monday, July 31st. The stock was purchased at an average price of $31.95 per share, with a total value of $999,076.50. Following the completion of the acquisition, the insider now owns 111,447 shares of the company’s stock, valued at approximately $3,560,731.65. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is accessible through this hyperlink. Also, CFO Stephen Mark Scheppmann sold 47,065 shares of the company’s stock in a transaction dated Monday, July 31st. The shares were sold at an average price of $31.83, for a total transaction of $1,498,078.95. Following the completion of the sale, the chief financial officer now directly owns 143,689 shares of the company’s stock, valued at approximately $4,573,620.87. The disclosure for this sale can be found here. Corporate insiders own 1.73% of the company’s stock.

Several large investors have recently made changes to their positions in the stock. BlackRock Inc. raised its stake in shares of Teradata Corporation by 5,397.6% in the first quarter. BlackRock Inc. now owns 7,801,522 shares of the technology company’s stock worth $242,782,000 after buying an additional 7,659,614 shares in the last quarter. Bank of New York Mellon Corp raised its stake in shares of Teradata Corporation by 33.1% in the first quarter. Bank of New York Mellon Corp now owns 11,731,225 shares of the technology company’s stock worth $365,073,000 after buying an additional 2,917,721 shares in the last quarter. Wellington Management Group LLP raised its stake in shares of Teradata Corporation by 437.3% in the first quarter. Wellington Management Group LLP now owns 1,658,144 shares of the technology company’s stock worth $51,601,000 after buying an additional 1,349,522 shares in the last quarter. American Century Companies Inc. raised its stake in shares of Teradata Corporation by 363.8% in the first quarter. American Century Companies Inc. now owns 1,151,131 shares of the technology company’s stock worth $35,823,000 after buying an additional 902,948 shares in the last quarter. Finally, Frontier Capital Management Co. LLC purchased a new stake in shares of Teradata Corporation during the second quarter worth about $22,262,000.

About Teradata Corporation

Teradata Corporation is a provider of analytic data platforms, analytic applications and related services. The Company’s segments include Americas region (North America and Latin America) and International region (Europe, Middle East, Africa, Asia Pacific and Japan). Its offerings include analytics solutions, ecosystem architecture consulting and hybrid cloud solutions.

Analyst Recommendations for Teradata Corporation (NYSE:TDC)

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