Teradata (NYSE:TDC) Price Target Cut to $23.00 by Analysts at UBS Group

Key Points

• UBS Group has lowered its price target for Teradata from $24.00 to $23.00, maintaining a "neutral" rating which indicates a potential upside of 4.05% from the company's previous close.
• Analyst ratings for Teradata are mixed, with one sell rating, six hold ratings, and four buy ratings, leading to an average rating of "Hold" and a consensus price target of $27.13.
• In its latest quarterly earnings, Teradata reported a revenue of $418 million and an EPS of $0.66, exceeding analysts' expectations despite a year-over-year revenue decline of 10.1%.

Teradata (NYSE:TDC - Get Free Report) had its target price lowered by equities researchers at UBS Group from $24.00 to $23.00 in a note issued to investors on Wednesday,Benzinga reports. The firm currently has a "neutral" rating on the technology company's stock. UBS Group's price objective indicates a potential upside of 4.05% from the company's previous close.

Other analysts have also issued research reports about the company. Wall Street Zen upgraded Teradata from a "hold" rating to a "buy" rating in a report on Saturday, June 14th. Guggenheim cut their price objective on shares of Teradata from $37.00 to $35.00 and set a "buy" rating on the stock in a research report on Wednesday, May 7th. Morgan Stanley raised shares of Teradata from an "equal weight" rating to an "overweight" rating and set a $26.00 price target on the stock in a research report on Tuesday, April 8th. Barclays lowered their price target on shares of Teradata from $25.00 to $22.00 and set an "underweight" rating on the stock in a report on Monday, April 21st. Finally, Northland Capmk cut shares of Teradata from a "strong-buy" rating to a "hold" rating in a research note on Wednesday, May 7th. One analyst has rated the stock with a sell rating, six have issued a hold rating and four have issued a buy rating to the stock. According to MarketBeat.com, the company has an average rating of "Hold" and a consensus price target of $27.13.

Teradata Price Performance

Shares of TDC traded up $1.88 during mid-day trading on Wednesday, hitting $22.11. The company's stock had a trading volume of 1,175,518 shares, compared to its average volume of 1,277,126. The company has a current ratio of 0.84, a quick ratio of 0.82 and a debt-to-equity ratio of 3.11. The firm has a 50-day simple moving average of $21.97 and a 200 day simple moving average of $23.35. The firm has a market capitalization of $2.11 billion, a P/E ratio of 15.56, a P/E/G ratio of 6.09 and a beta of 0.83. Teradata has a 1-year low of $18.43 and a 1-year high of $33.69.

Teradata (NYSE:TDC - Get Free Report) last issued its quarterly earnings data on Tuesday, May 6th. The technology company reported $0.66 EPS for the quarter, topping analysts' consensus estimates of $0.57 by $0.09. The company had revenue of $418.00 million for the quarter, compared to analysts' expectations of $423.85 million. Teradata had a return on equity of 129.98% and a net margin of 8.10%. The firm's quarterly revenue was down 10.1% on a year-over-year basis. During the same quarter in the previous year, the firm posted $0.57 earnings per share. Analysts predict that Teradata will post 1.31 EPS for the current fiscal year.

Institutional Investors Weigh In On Teradata

Large investors have recently made changes to their positions in the stock. Tsfg LLC acquired a new stake in Teradata in the 1st quarter valued at about $26,000. IFP Advisors Inc grew its holdings in Teradata by 405.4% during the 2nd quarter. IFP Advisors Inc now owns 1,223 shares of the technology company's stock valued at $27,000 after purchasing an additional 981 shares in the last quarter. First Command Advisory Services Inc. bought a new position in Teradata during the 2nd quarter valued at $42,000. UMB Bank n.a. lifted its position in shares of Teradata by 153.1% in the 1st quarter. UMB Bank n.a. now owns 1,906 shares of the technology company's stock worth $43,000 after buying an additional 1,153 shares during the last quarter. Finally, Aster Capital Management DIFC Ltd increased its stake in Teradata by 53.0% during the 4th quarter. Aster Capital Management DIFC Ltd now owns 1,567 shares of the technology company's stock valued at $49,000 after buying an additional 543 shares during the period. 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.

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