Teradata (NYSE:TDC) Raised to Strong-Buy at StockNews.com

StockNews.com upgraded shares of Teradata (NYSE:TDC) from a buy rating to a strong-buy rating in a report released on Tuesday.

Several other equities research analysts also recently commented on the stock. Barclays lowered their price objective on shares of Teradata from $35.00 to $30.00 and set an underweight rating for the company in a research note on Tuesday. TD Cowen lowered their price objective on shares of Teradata from $37.00 to $29.00 and set a hold rating for the company in a research note on Tuesday. Evercore ISI lowered their price objective on shares of Teradata from $46.00 to $34.00 and set an outperform rating for the company in a research note on Tuesday. UBS Group assumed coverage on shares of Teradata in a report on Friday, July 19th. They issued a sell rating and a $32.00 price target on the stock. Finally, Morgan Stanley lowered their price target on shares of Teradata from $44.00 to $30.00 and set an equal weight rating on the stock in a report on Tuesday. Three research analysts have rated the stock with a sell rating, four have assigned a hold rating, four have assigned a buy rating and one has given a strong buy rating to the company’s stock. According to MarketBeat, the stock currently has a consensus rating of Hold and an average price target of $40.36.

Teradata Stock Performance

Shares of NYSE:TDC opened at $25.12 on Tuesday. The firm has a market cap of $2.43 billion, a PE ratio of 59.81, a price-to-earnings-growth ratio of 1.71 and a beta of 0.84. The firm’s 50 day simple moving average is $32.61 and its 200-day simple moving average is $36.50. The company has a debt-to-equity ratio of 6.87, a quick ratio of 0.77 and a current ratio of 0.75. Teradata has a one year low of $24.02 and a one year high of $49.44.

Teradata (NYSE:TDC) last announced its earnings results on Monday, August 5th. The technology company reported $0.64 earnings per share for the quarter, beating the consensus estimate of $0.48 by $0.16. The company had revenue of $436.00 million during the quarter, compared to the consensus estimate of $447.30 million. Teradata had a net margin of 3.45% and a return on equity of 114.57%. Teradata’s revenue was down 5.6% compared to the same quarter last year. During the same period last year, the firm earned $0.20 earnings per share. As a group, equities analysts predict that Teradata will post 1.15 EPS for the current year.

Insider Buying and Selling

In related news, CEO Stephen Mcmillan sold 10,000 shares of the company’s stock in a transaction dated Friday, May 24th. The shares were sold at an average price of $31.95, for a total transaction of $319,500.00. Following the completion of the sale, the chief executive officer now owns 393,579 shares of the company’s stock, valued at approximately $12,574,849.05. The sale was disclosed in a filing with the SEC, which can be accessed through this hyperlink. Insiders own 0.92% of the company’s stock.

Institutional Investors Weigh In On Teradata

A number of hedge funds and other institutional investors have recently modified their holdings of TDC. Crewe Advisors LLC purchased a new position in Teradata during the 2nd quarter worth $26,000. Sound Income Strategies LLC acquired a new stake in shares of Teradata in the first quarter valued at about $31,000. Hexagon Capital Partners LLC raised its position in Teradata by 111.4% during the second quarter. Hexagon Capital Partners LLC now owns 962 shares of the technology company’s stock worth $33,000 after acquiring an additional 507 shares during the last quarter. Principal Securities Inc. acquired a new position in Teradata during the fourth quarter worth about $38,000. Finally, GAMMA Investing LLC acquired a new position in Teradata during the fourth quarter worth about $47,000. 90.31% of the stock is currently owned by institutional investors and hedge funds.

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.