Teradata (NYSE:TDC) Downgraded to "Market Perform" Rating by Northland Securities

Teradata (NYSE:TDC - Get Free Report) was downgraded by stock analysts at Northland Securities from an "outperform" rating to a "market perform" rating in a research report issued to clients and investors on Wednesday, Marketbeat Ratings reports. They presently have a $21.00 price objective on the technology company's stock. Northland Securities' price objective would indicate a potential downside of 6.54% from the company's previous close.

A number of other analysts have also commented on TDC. JMP Securities reaffirmed a "market perform" rating on shares of Teradata in a research note on Thursday, February 13th. Morgan Stanley raised shares of Teradata from an "equal weight" rating to an "overweight" rating and set a $26.00 target price for the company in a research report on Tuesday, April 8th. Royal Bank of Canada reduced their price target on shares of Teradata from $32.00 to $29.00 and set a "sector perform" rating on the stock in a research report on Wednesday, February 12th. Evercore ISI cut their price objective on Teradata from $37.00 to $32.00 and set an "outperform" rating on the stock in a research report on Wednesday, February 12th. Finally, Guggenheim decreased their target price on Teradata from $42.00 to $37.00 and set a "buy" rating for the company in a research report on Wednesday, February 12th. Two analysts have rated the stock with a sell rating, five have given a hold rating and four have issued a buy rating to the company's stock. Based on data from MarketBeat, the company has an average rating of "Hold" and a consensus price target of $27.50.

Teradata Trading Down 0.8 %

TDC traded down $0.18 during trading on Wednesday, hitting $22.47. 1,164,278 shares of the stock traded hands, compared to its average volume of 1,026,823. The firm has a market capitalization of $2.15 billion, a P/E ratio of 19.21, a price-to-earnings-growth ratio of 6.23 and a beta of 0.80. Teradata has a 12-month low of $18.43 and a 12-month high of $35.60. The company has a debt-to-equity ratio of 3.65, a current ratio of 0.81 and a quick ratio of 0.79. The firm has a 50-day moving average of $21.85 and a 200 day moving average of $27.32.

Teradata (NYSE:TDC - Get Free Report) last posted its earnings results on Tuesday, May 6th. The technology company reported $0.66 earnings per share for the quarter, topping analysts' consensus estimates of $0.57 by $0.09. Teradata had a net margin of 6.51% and a return on equity of 149.16%. The company had revenue of $418.00 million during the quarter, compared to analyst estimates of $423.85 million. During the same period in the prior year, the business posted $0.57 earnings per share. Teradata's revenue for the quarter was down 10.1% on a year-over-year basis. Equities research analysts anticipate that Teradata will post 1.31 EPS for the current year.

Institutional Investors Weigh In On Teradata

A number of institutional investors have recently modified their holdings of TDC. Norges Bank bought a new position in Teradata in the 4th quarter worth about $36,315,000. Victory Capital Management Inc. lifted its stake in shares of Teradata by 742.5% in the fourth quarter. Victory Capital Management Inc. now owns 1,127,141 shares of the technology company's stock worth $35,110,000 after buying an additional 993,358 shares in the last quarter. LSV Asset Management grew its holdings in shares of Teradata by 95.6% during the first quarter. LSV Asset Management now owns 1,588,999 shares of the technology company's stock valued at $35,721,000 after buying an additional 776,799 shares during the last quarter. Vanguard Group Inc. increased its position in shares of Teradata by 5.6% during the first quarter. Vanguard Group Inc. now owns 13,774,843 shares of the technology company's stock valued at $309,658,000 after acquiring an additional 728,333 shares in the last quarter. Finally, Ameriprise Financial Inc. raised its holdings in Teradata by 12.4% in the 4th quarter. Ameriprise Financial Inc. now owns 5,450,428 shares of the technology company's stock worth $169,756,000 after acquiring an additional 599,394 shares during the last quarter. 90.31% of the stock is owned by hedge funds and other institutional investors.

About Teradata

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.