Analysts Set Teradata Co. (NYSE:TDC) Price Target at $40.00

Teradata Co. (NYSE:TDC) has been given an average rating of “Hold” by the eleven ratings firms that are currently covering the firm, Marketbeat Ratings reports. Three equities research analysts have rated the stock with a sell rating, four have given a hold rating and four have given a buy rating to the company. The average twelve-month price target among brokers that have updated their coverage on the stock in the last year is $40.00.

Several equities analysts recently issued reports on the company. Evercore ISI upped their target price on Teradata from $34.00 to $37.00 and gave the company an “outperform” rating in a research report on Tuesday, October 15th. UBS Group upped their price target on Teradata from $24.00 to $26.00 and gave the stock a “sell” rating in a report on Tuesday, November 5th. Barclays boosted their target price on shares of Teradata from $29.00 to $30.00 and gave the stock an “underweight” rating in a research note on Friday, December 6th. Royal Bank of Canada reaffirmed a “sector perform” rating and set a $32.00 target price on shares of Teradata in a research note on Tuesday, November 5th. Finally, Northland Securities lowered their price objective on Teradata from $38.00 to $37.00 and set an “outperform” rating on the stock in a research note on Tuesday, November 5th.

Teradata Stock Up 2.3 %

Shares of NYSE:TDC opened at $31.61 on Thursday. Teradata has a 52-week low of $24.02 and a 52-week high of $49.44. The business’s 50 day moving average is $31.28 and its 200 day moving average is $30.76. The stock has a market cap of $3.03 billion, a P/E ratio of 37.63, a price-to-earnings-growth ratio of 3.17 and a beta of 0.79. The company has a quick ratio of 0.79, a current ratio of 0.80 and a debt-to-equity ratio of 4.01.

Teradata (NYSE:TDC) last issued its quarterly earnings data on Monday, November 4th. The technology company reported $0.69 earnings per share for the quarter, topping analysts’ consensus estimates of $0.56 by $0.13. The firm had revenue of $440.00 million during the quarter, compared to analysts’ expectations of $417.71 million. Teradata had a return on equity of 145.40% and a net margin of 4.56%. The firm’s quarterly revenue was up .5% on a year-over-year basis. During the same period in the prior year, the business posted $0.14 EPS. Sell-side analysts predict that Teradata will post 1.41 EPS for the current year.

Hedge Funds Weigh In On Teradata

Several institutional investors have recently bought and sold shares of the company. Lynrock Lake LP boosted its stake in shares of Teradata by 9.9% in the 2nd quarter. Lynrock Lake LP now owns 6,666,666 shares of the technology company’s stock valued at $230,400,000 after buying an additional 600,000 shares during the period. AQR Capital Management LLC raised its holdings in shares of Teradata by 60.9% in the second quarter. AQR Capital Management LLC now owns 2,136,209 shares of the technology company’s stock valued at $73,827,000 after buying an additional 808,691 shares during the last quarter. Pacer Advisors Inc. grew its position in Teradata by 21.7% in the 3rd quarter. Pacer Advisors Inc. now owns 2,071,302 shares of the technology company’s stock valued at $62,843,000 after buying an additional 369,123 shares during the last quarter. FMR LLC raised its holdings in Teradata by 2.7% during the third quarter. FMR LLC now owns 1,932,741 shares of the technology company’s stock worth $58,639,000 after purchasing an additional 51,080 shares in the last quarter. Finally, Geode Capital Management LLC boosted its stake in shares of Teradata by 0.5% in the third quarter. Geode Capital Management LLC now owns 1,685,317 shares of the technology company’s stock valued at $51,145,000 after buying an additional 8,289 shares in the last quarter. 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.