UBS Group Cuts Teradata (NYSE:TDC) Price Target to $23.00

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 price target dropped by research analysts at UBS Group from $24.00 to $23.00 in a note issued to investors on Wednesday,Benzinga reports. The brokerage presently has a "neutral" rating on the technology company's stock. UBS Group's target price indicates a potential upside of 12.17% from the company's previous close.

TDC has been the subject of a number of other reports. Wall Street Zen upgraded shares of Teradata from a "hold" rating to a "buy" rating in a research report on Saturday, June 14th. Guggenheim cut their target price on Teradata from $37.00 to $35.00 and set a "buy" rating for the company in a research note on Wednesday, May 7th. Morgan Stanley upgraded Teradata from an "equal weight" rating to an "overweight" rating and set a $26.00 price objective on the stock in a 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 for the company in a report on Monday, April 21st. Finally, Northland Capmk cut Teradata from a "strong-buy" rating to a "hold" rating in a research note on Wednesday, May 7th. One research analyst has rated the stock with a sell rating, five have assigned a hold rating and four have assigned a buy rating to the company's stock. Based on data from MarketBeat, the company currently has an average rating of "Hold" and a consensus price target of $26.86.

Teradata Stock Performance

Shares of Teradata stock traded down $0.30 on Wednesday, reaching $20.50. 1,133,429 shares of the company traded hands, compared to its average volume of 1,083,719. The company has a 50 day moving average of $21.92 and a 200 day moving average of $23.07. The company has a debt-to-equity ratio of 2.78, a current ratio of 0.84 and a quick ratio of 0.84. Teradata has a 52 week low of $18.43 and a 52 week high of $33.69. The firm has a market capitalization of $1.94 billion, a PE ratio of 18.15, a PEG ratio of 4.89 and a beta of 0.83.

Teradata (NYSE:TDC - Get Free Report) last released its earnings results on Tuesday, August 5th. The technology company reported $0.47 earnings per share (EPS) for the quarter, topping analysts' consensus estimates of $0.41 by $0.06. Teradata had a return on equity of 96.29% and a net margin of 6.57%. The business had revenue of $408.00 million during the quarter, compared to the consensus estimate of $399.73 million. During the same period last year, the business posted $0.64 earnings per share. The business's revenue for the quarter was down 6.4% on a year-over-year basis. Equities analysts forecast that Teradata will post 1.31 earnings per share for the current year.

Institutional Trading of Teradata

A number of hedge funds have recently made changes to their positions in TDC. Tsfg LLC bought a new stake in Teradata in the first quarter worth $26,000. IFP Advisors Inc grew its holdings in shares of Teradata by 405.4% in the second quarter. IFP Advisors Inc now owns 1,223 shares of the technology company's stock worth $27,000 after acquiring an additional 981 shares during the period. First Command Advisory Services Inc. purchased a new stake in shares of Teradata during the 2nd quarter valued at about $42,000. UMB Bank n.a. lifted its position in Teradata by 153.1% during the first quarter. UMB Bank n.a. now owns 1,906 shares of the technology company's stock valued at $43,000 after purchasing an additional 1,153 shares in the last quarter. Finally, Aster Capital Management DIFC Ltd grew its holdings in Teradata by 53.0% during the fourth quarter. Aster Capital Management DIFC Ltd now owns 1,567 shares of the technology company's stock valued at $49,000 after purchasing an additional 543 shares during the period. 90.31% of the stock is owned by institutional investors.

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.