Teradata (NYSE:TDC) was downgraded by Zacks Investment Research from a “buy” rating to a “hold” rating in a research report issued on Friday.

According to Zacks, “Teradata shares have outperformed the industry in the past one year.  The company is being adversely impacted by its ongoing business transformation. Also, restructuring related costs, a sluggish spending environment in the domestic market and increasing competition continues to weigh on its financials. However, strategic partnerships with the other big tech giants and acquisitions bode well for long-term growth. We believe that new customer wins and strengthening relationships with large vendors will primarily drive revenues and profits. We expect the company to benefit from transition to a subscription-based revenue model in the long run.”

A number of other research firms also recently weighed in on TDC. Morgan Stanley boosted their target price on shares of Teradata from $29.00 to $31.00 and gave the stock an “underweight” rating in a report on Friday, November 3rd. BMO Capital Markets boosted their target price on shares of Teradata from $32.00 to $40.00 and gave the stock a “market perform” rating in a report on Friday, November 3rd. UBS Group lifted their price target on shares of Teradata from $24.00 to $30.00 and gave the stock a “sell” rating in a research note on Thursday, November 9th. Summit Redstone raised shares of Teradata from a “hold” rating to a “buy” rating in a research note on Monday, November 13th. Finally, Mizuho lifted their price target on shares of Teradata from $26.00 to $32.00 and gave the stock an “underperform” rating in a research note on Thursday, November 2nd. Five research analysts have rated the stock with a sell rating, eight have given a hold rating and one has assigned a buy rating to the stock. The company has an average rating of “Hold” and a consensus target price of $33.00.

Shares of Teradata (NYSE:TDC) traded down $0.03 during mid-day trading on Friday, hitting $38.65. 729,100 shares of the stock traded hands, compared to its average volume of 883,933. The company has a market cap of $4,680.00, a P/E ratio of 77.30, a price-to-earnings-growth ratio of 12.89 and a beta of 1.26. Teradata has a 12-month low of $27.05 and a 12-month high of $39.33. The company has a quick ratio of 1.56, a current ratio of 1.61 and a debt-to-equity ratio of 0.69.

Teradata (NYSE:TDC) last announced its quarterly earnings data on Thursday, November 2nd. The technology company reported $0.29 EPS for the quarter, beating the Thomson Reuters’ consensus estimate of $0.12 by $0.17. The firm had revenue of $526.00 million for the quarter, compared to the consensus estimate of $511.23 million. Teradata had a net margin of 3.01% and a return on equity of 16.47%. The company’s revenue was down 4.7% on a year-over-year basis. During the same period last year, the firm earned $0.69 EPS. equities analysts expect that Teradata will post 0.91 earnings per share for the current year.

In other news, CFO Mark Culhane purchased 4,500 shares of the stock in a transaction that occurred on Friday, December 1st. The shares were purchased at an average cost of $37.66 per share, with a total value of $169,470.00. Following the completion of the acquisition, the chief financial officer now owns 29,924 shares of the company’s stock, valued at approximately $1,126,937.84. The transaction was disclosed in a filing with the Securities & Exchange Commission, which can be accessed through the SEC website. 1.73% of the stock is owned by corporate insiders.

Several hedge funds and other institutional investors have recently modified their holdings of TDC. ETF Managers Group LLC acquired a new stake in Teradata during the second quarter worth about $130,000. Zurcher Kantonalbank Zurich Cantonalbank boosted its stake in shares of Teradata by 9.9% in the second quarter. Zurcher Kantonalbank Zurich Cantonalbank now owns 5,183 shares of the technology company’s stock valued at $153,000 after purchasing an additional 469 shares during the period. Commerce Bank purchased a new position in shares of Teradata in the third quarter valued at approximately $223,000. PNC Financial Services Group Inc. boosted its stake in shares of Teradata by 0.4% in the second quarter. PNC Financial Services Group Inc. now owns 7,236 shares of the technology company’s stock valued at $213,000 after purchasing an additional 31 shares during the period. Finally, Commerzbank Aktiengesellschaft FI boosted its stake in shares of Teradata by 20.9% in the second quarter. Commerzbank Aktiengesellschaft FI now owns 7,819 shares of the technology company’s stock valued at $231,000 after purchasing an additional 1,354 shares during the period. Institutional investors and hedge funds own 97.89% of the company’s stock.

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Teradata Company Profile

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 (NYSE:TDC)

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