Teradata (NYSE:TDC) Stock Rating Lowered by Northland Capmk

Teradata (NYSE:TDC - Get Free Report) was downgraded by equities researchers at Northland Capmk from a "strong-buy" rating to a "hold" rating in a research report issued to clients and investors on Wednesday,Zacks.com reports.

TDC has been the subject of several other research reports. Guggenheim reduced their target price on shares of Teradata from $37.00 to $35.00 and set a "buy" rating for the company in a research note on Wednesday. Evercore ISI decreased their price target on Teradata from $37.00 to $32.00 and set an "outperform" rating on the stock in a research report on Wednesday, February 12th. Royal Bank of Canada decreased their price target on shares of Teradata from $32.00 to $29.00 and set a "sector perform" rating on the stock in a report on Wednesday, February 12th. StockNews.com downgraded Teradata from a "strong-buy" rating to a "buy" rating in a research report on Tuesday, April 8th. Finally, Barclays lowered their target price on shares of Teradata from $25.00 to $22.00 and set an "underweight" rating on the stock in a research note on Monday, April 21st. Two analysts have rated the stock with a sell rating, five have given a hold rating and four have given a buy rating to the stock. Based on data from MarketBeat, Teradata presently has a consensus rating of "Hold" and an average target price of $27.50.

Teradata Trading Up 1.8 %

Shares of Teradata stock opened at $22.34 on Wednesday. The company has a debt-to-equity ratio of 3.65, a quick ratio of 0.79 and a current ratio of 0.81. Teradata has a 52 week low of $18.43 and a 52 week high of $35.60. The stock has a 50 day moving average price of $21.88 and a two-hundred day moving average price of $27.46. The stock has a market capitalization of $2.15 billion, a PE ratio of 19.09, a price-to-earnings-growth ratio of 6.23 and a beta of 0.80.

Teradata (NYSE:TDC - Get Free Report) last posted its quarterly earnings data on Tuesday, May 6th. The technology company reported $0.66 earnings per share for the quarter, topping the consensus estimate of $0.57 by $0.09. The business had revenue of $418.00 million for the quarter, compared to analysts' expectations of $423.85 million. Teradata had a return on equity of 149.16% and a net margin of 6.51%. The business's revenue was down 10.1% on a year-over-year basis. During the same quarter in the previous year, the firm earned $0.57 earnings per share. As a group, equities analysts anticipate that Teradata will post 1.31 earnings per share for the current fiscal year.

Institutional Inflows and Outflows

A number of hedge funds have recently bought and sold shares of TDC. Ameriprise Financial Inc. lifted its stake in Teradata by 12.4% in the fourth 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 period. AQR Capital Management LLC boosted its holdings in shares of Teradata by 17.2% during the 4th quarter. AQR Capital Management LLC now owns 2,839,658 shares of the technology company's stock valued at $88,029,000 after buying an additional 416,585 shares in the last quarter. Pacer Advisors Inc. increased its stake in shares of Teradata by 5.2% in the 4th quarter. Pacer Advisors Inc. now owns 2,179,728 shares of the technology company's stock worth $67,899,000 after acquiring an additional 108,426 shares in the last quarter. Charles Schwab Investment Management Inc. boosted its stake in Teradata by 8.1% during the fourth quarter. Charles Schwab Investment Management Inc. now owns 1,217,654 shares of the technology company's stock worth $37,930,000 after acquiring an additional 91,211 shares in the last quarter. Finally, Norges Bank purchased a new position in Teradata in the 4th quarter worth about $36,315,000. Hedge funds and other institutional investors own 90.31% of the company's stock.

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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