StockNews.com Upgrades Teradata (NYSE:TDC) to “Strong-Buy”

StockNews.com upgraded shares of Teradata (NYSE:TDC) from a buy rating to a strong-buy rating in a research report sent to investors on Tuesday morning.

Other equities research analysts have also issued reports about the stock. UBS Group began coverage on shares of Teradata in a research note on Friday, July 19th. They set a sell rating and a $32.00 price target on the stock. TD Cowen decreased their price objective on Teradata from $37.00 to $29.00 and set a hold rating on the stock in a research note on Tuesday. Barclays lowered their target price on shares of Teradata from $35.00 to $30.00 and set an underweight rating for the company in a report on Tuesday. Guggenheim reaffirmed a buy rating and set a $60.00 price target on shares of Teradata in a research note on Tuesday, June 25th. Finally, Evercore ISI dropped their price objective on Teradata from $46.00 to $34.00 and set an outperform rating for the company in a report on Tuesday. Three investment analysts have rated the stock with a sell rating, four have given a hold rating, four have assigned a buy rating and one has issued a strong buy rating to the company. According to MarketBeat, Teradata presently has a consensus rating of Hold and an average price target of $40.36.

Teradata Stock Up 3.3 %

Teradata stock traded up $0.83 during trading hours on Tuesday, reaching $25.95. The stock had a trading volume of 1,252,934 shares, compared to its average volume of 1,039,252. The company has a debt-to-equity ratio of 6.87, a current ratio of 0.75 and a quick ratio of 0.77. The company has a market cap of $2.51 billion, a price-to-earnings ratio of 61.81, a PEG ratio of 1.71 and a beta of 0.84. The business’s 50 day moving average price is $32.48 and its 200-day moving average price is $36.34. Teradata has a 52 week low of $24.02 and a 52 week high of $49.44.

Teradata (NYSE:TDC) last released its quarterly earnings data on Monday, August 5th. The technology company reported $0.64 earnings per share for the quarter, topping analysts’ consensus estimates of $0.48 by $0.16. The firm had revenue of $436.00 million for the quarter, compared to analyst estimates of $447.30 million. Teradata had a net margin of 3.45% and a return on equity of 114.57%. The business’s quarterly revenue was down 5.6% compared to the same quarter last year. During the same quarter in the prior year, the business earned $0.20 earnings per share. Sell-side analysts anticipate that Teradata will post 1.15 EPS for the current year.

Insider Activity

In other Teradata news, CEO Stephen Mcmillan sold 10,000 shares of the stock in a transaction on Friday, May 24th. The stock was sold at an average price of $31.95, for a total value of $319,500.00. Following the sale, the chief executive officer now directly owns 393,579 shares of the company’s stock, valued at $12,574,849.05. The sale was disclosed in a filing with the Securities & Exchange Commission, which is available through this link. Corporate insiders own 0.92% of the company’s stock.

Institutional Inflows and Outflows

A number of hedge funds have recently bought and sold shares of the company. Crewe Advisors LLC acquired a new position in Teradata in the second quarter worth approximately $26,000. Sound Income Strategies LLC acquired a new stake in Teradata in the 1st quarter valued at approximately $31,000. Principal Securities Inc. bought a new position in Teradata in the 4th quarter worth approximately $38,000. Hexagon Capital Partners LLC increased its stake in Teradata by 111.4% during the second quarter. Hexagon Capital Partners LLC now owns 962 shares of the technology company’s stock valued at $33,000 after acquiring an additional 507 shares during the period. Finally, GAMMA Investing LLC acquired a new stake in Teradata during the fourth quarter worth $47,000. 90.31% of the stock is owned by institutional investors and hedge funds.

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.