Teradata (NYSE:TDC) Price Target Lowered to $32.00 at Evercore ISI

Teradata (NYSE:TDC) had its price objective lowered by Evercore ISI from $37.00 to $32.00 in a research note released on Wednesday,Benzinga reports. Evercore ISI currently has an outperform rating on the technology company’s stock.

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

Teradata Stock Performance

Shares of TDC opened at $24.61 on Wednesday. The company’s 50 day moving average price is $31.53 and its 200 day moving average price 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. Teradata has a 52 week low of $22.73 and a 52 week high of $39.70. The company has a market capitalization of $2.36 billion, a PE 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 for the quarter, missing analysts’ consensus estimates of $0.44 by ($0.14). Teradata had a net margin of 4.56% and a return on equity of 145.40%. Research analysts expect that Teradata will post 1.41 EPS for the current fiscal year.

Institutional Investors Weigh In On Teradata

Hedge funds and other institutional investors have recently made changes to their positions in the business. GAMMA Investing LLC raised its holdings 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 in the last quarter. CWM LLC raised its stake in Teradata by 293.8% in the third quarter. CWM LLC now owns 21,972 shares of the technology company’s stock valued at $667,000 after purchasing an additional 16,393 shares in the last quarter. Wedge Capital Management L L P NC raised its stake in Teradata by 9.2% in the third quarter. Wedge Capital Management L L P NC now owns 62,120 shares of the technology company’s stock valued at $1,885,000 after purchasing an additional 5,226 shares in the last quarter. nVerses Capital LLC bought a new stake in Teradata during the third quarter worth about $185,000. Finally, Sumitomo Mitsui DS Asset Management Company Ltd grew its stake in Teradata by 4.2% during the third quarter. Sumitomo Mitsui DS Asset Management Company Ltd now owns 11,165 shares of the technology company’s stock worth $339,000 after buying an additional 449 shares in the last quarter. 90.31% of the stock is currently owned by institutional investors and hedge funds.

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.