JMP Securities Reaffirms Market Perform Rating for Teradata (NYSE:TDC)

Teradata (NYSE:TDC)‘s stock had its “market perform” rating reissued by analysts at JMP Securities in a research note issued on Thursday,Benzinga reports.

TDC has been the subject of a number of other research reports. Evercore ISI dropped their price objective on shares of Teradata from $37.00 to $32.00 and set an “outperform” rating for the company in a report on Wednesday. Barclays dropped their price target on shares of Teradata from $30.00 to $25.00 and set an “underweight” rating for the company in a research note on Wednesday. Guggenheim reduced their price target on shares of Teradata from $42.00 to $37.00 and set a “buy” rating on the stock in a research report on Wednesday. Royal Bank of Canada decreased their price objective on Teradata from $32.00 to $29.00 and set a “sector perform” rating on the stock in a report on Wednesday. Finally, UBS Group raised their target price on Teradata from $24.00 to $26.00 and gave the stock a “sell” rating in a research note on Tuesday, November 5th. Three equities research analysts have rated the stock with a sell rating, four have given a hold rating, three have given a buy rating and one has assigned a strong buy rating to the stock. According to MarketBeat, the stock has an average rating of “Hold” and a consensus price target of $34.40.

Teradata Price Performance

TDC traded up $0.18 during trading on Thursday, reaching $24.80. The company’s stock had a trading volume of 391,554 shares, compared to its average volume of 900,444. The company has a market cap of $2.37 billion, a price-to-earnings ratio of 29.51, a PEG ratio of 3.19 and a beta of 0.78. The firm has a fifty day simple moving average of $31.53 and a two-hundred day simple moving average of $30.31. Teradata has a 1 year low of $22.73 and a 1 year high of $39.70. 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 announced its quarterly earnings data on Tuesday, February 11th. The technology company reported $0.30 EPS for the quarter, missing analysts’ consensus estimates of $0.44 by ($0.14). Teradata had a return on equity of 145.40% and a net margin of 4.56%. As a group, analysts anticipate that Teradata will post 1.41 EPS for the current year.

Institutional Inflows and Outflows

A number of institutional investors have recently made changes to their positions in the business. Bank of Montreal Can boosted its position in Teradata by 17.5% in the 4th quarter. Bank of Montreal Can now owns 14,233 shares of the technology company’s stock valued at $443,000 after buying an additional 2,122 shares during the period. Cerity Partners LLC boosted its holdings in Teradata by 35.8% in the fourth quarter. Cerity Partners LLC now owns 64,533 shares of the technology company’s stock valued at $2,007,000 after purchasing an additional 17,024 shares during the period. Aster Capital Management DIFC Ltd grew 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 worth $49,000 after purchasing an additional 543 shares in the last quarter. Envestnet Asset Management Inc. grew its position in shares of Teradata by 4.9% during the fourth quarter. Envestnet Asset Management Inc. now owns 91,422 shares of the technology company’s stock worth $2,848,000 after buying an additional 4,253 shares in the last quarter. Finally, Dynamic Technology Lab Private Ltd acquired a new position in Teradata during the 4th quarter worth approximately $420,000. Institutional investors and hedge funds own 90.31% of the company’s stock.

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.