Teradata (NYSE:TDC) Rating Increased to Buy at Summit Redstone

Teradata (NYSE:TDC) was upgraded by equities research analysts at Summit Redstone from a “hold” rating to a “buy” rating in a report released on Monday, November 13th.

TDC has been the subject of a number of other reports. Deutsche Bank increased their price objective on shares of Teradata from $30.00 to $32.00 and gave the company a “hold” rating in a report on Tuesday, October 24th. BMO Capital Markets reaffirmed a “hold” rating and set a $30.00 price objective on shares of Teradata in a report on Sunday, July 16th. Sanford C. Bernstein reaffirmed an “underperform” rating and set a $27.00 price objective on shares of Teradata in a report on Monday, September 11th. Stifel Nicolaus reaffirmed a “hold” rating and set a $32.00 price objective on shares of Teradata in a report on Monday, August 14th. Finally, Needham & Company LLC started coverage on shares of Teradata in a report on Monday, September 11th. They set a “hold” rating for the company. Five equities research analysts have rated the stock with a sell rating, seven have given a hold rating and one has given a buy rating to the company. The stock currently has a consensus rating of “Hold” and a consensus price target of $31.75.

Teradata (NYSE TDC) traded down $0.28 during midday trading on Monday, reaching $37.73. 1,555,170 shares of the company’s stock were exchanged, compared to its average volume of 1,080,884. Teradata has a 12 month low of $26.27 and a 12 month high of $38.20. The company has a market cap of $4,599.21, a PE ratio of 33.94, a price-to-earnings-growth ratio of 7.87 and a beta of 1.25. The company has a debt-to-equity ratio of 0.69, a quick ratio of 1.56 and a current ratio of 1.61.

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

Several hedge funds have recently bought and sold shares of TDC. BlackRock Inc. grew its holdings in shares of Teradata by 42.6% in the second quarter. BlackRock Inc. now owns 11,126,276 shares of the technology company’s stock valued at $328,115,000 after purchasing an additional 3,324,754 shares in the last quarter. Alyeska Investment Group L.P. boosted its stake in Teradata by 259.2% during the third quarter. Alyeska Investment Group L.P. now owns 2,764,202 shares of the technology company’s stock worth $93,402,000 after buying an additional 1,994,620 shares during the period. Ameriprise Financial Inc. boosted its stake in Teradata by 24.1% during the second quarter. Ameriprise Financial Inc. now owns 6,293,085 shares of the technology company’s stock worth $185,598,000 after buying an additional 1,221,193 shares during the period. Victory Capital Management Inc. purchased a new position in Teradata during the third quarter worth $33,107,000. Finally, Frontier Capital Management Co. LLC purchased a new position in Teradata during the second quarter worth $22,262,000. 97.84% of the stock is owned by hedge funds and other institutional investors.

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About Teradata

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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