Teradata (NYSE:TDC) Price Target Cut to $37.00 by Analysts at Guggenheim

Teradata (NYSE:TDC) had its target price reduced by Guggenheim from $42.00 to $37.00 in a report released on Wednesday,Benzinga reports. They currently have a buy rating on the technology company’s stock.

A number of other brokerages also recently weighed in on TDC. Royal Bank of Canada reaffirmed a “sector perform” rating and set a $32.00 price objective on shares of Teradata in a research report on Tuesday, November 5th. Evercore ISI lowered their price objective on shares of Teradata from $37.00 to $32.00 and set an “outperform” rating on the stock in a research note on Wednesday. Northland Securities dropped their target price on shares of Teradata from $38.00 to $37.00 and set an “outperform” rating on the stock in a research report on Tuesday, November 5th. Barclays decreased their price objective on Teradata from $30.00 to $25.00 and set an “underweight” rating for the company in a research report on Wednesday. Finally, UBS Group boosted their price target on shares of Teradata from $24.00 to $26.00 and gave the company a “sell” rating in a report on Tuesday, November 5th. Three research analysts have rated the stock with a sell rating, four have issued a hold rating, three have issued a buy rating and one has issued a strong buy rating to the stock. Based on data from MarketBeat.com, the stock presently has a consensus rating of “Hold” and an average target price of $34.40.

Teradata Stock Performance

Shares of TDC opened at $24.61 on Wednesday. Teradata has a 1 year low of $22.73 and a 1 year high of $39.70. The company’s 50 day simple moving average is $31.53 and its 200 day simple moving average is $30.31. The company has a debt-to-equity ratio of 4.01, a quick ratio of 0.79 and a current ratio of 0.80. The company has a market capitalization of $2.36 billion, a price-to-earnings ratio of 29.30, a PEG ratio of 3.19 and a beta of 0.78.

Teradata (NYSE:TDC) last issued its quarterly earnings data on Tuesday, February 11th. The technology company reported $0.30 earnings per share (EPS) for the quarter, missing the consensus estimate of $0.44 by ($0.14). Teradata had a net margin of 4.56% and a return on equity of 145.40%. On average, sell-side analysts predict that Teradata will post 1.41 EPS for the current year.

Institutional Investors Weigh In On Teradata

A number of hedge funds have recently modified their holdings of TDC. Point72 Asset Management L.P. acquired a new stake in shares of Teradata in the 3rd quarter valued at about $27,000. GAMMA Investing LLC raised its stake in Teradata by 88.0% in the 3rd quarter. GAMMA Investing LLC now owns 955 shares of the technology company’s stock valued at $29,000 after acquiring an additional 447 shares during the period. Brooklyn Investment Group bought a new position in Teradata in the 3rd quarter valued at about $32,000. Independence Bank of Kentucky bought a new stake in shares of Teradata in the fourth quarter valued at about $37,000. Finally, Allworth Financial LP boosted its stake in shares of Teradata by 75.2% in the third quarter. Allworth Financial LP now owns 1,326 shares of the technology company’s stock valued at $40,000 after buying an additional 569 shares during the period. Institutional investors and hedge funds 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.