Teradata (NYSE:TDC) Price Target Lowered to $37.00 at Guggenheim

Teradata (NYSE:TDC) had its price objective cut by Guggenheim from $42.00 to $37.00 in a research note issued to investors on Wednesday morning,Benzinga reports. They currently have a buy rating on the technology company’s stock.

Several other analysts also recently weighed in on TDC. Evercore ISI decreased their price target on shares of Teradata from $37.00 to $32.00 and set an “outperform” rating for the company in a research note on Wednesday. Barclays cut their price target on Teradata from $30.00 to $25.00 and set an “underweight” rating on the stock in a research note on Wednesday. Northland Securities reduced their price target on shares of Teradata from $38.00 to $37.00 and set an “outperform” rating for the company in a report on Tuesday, November 5th. Royal Bank of Canada restated a “sector perform” rating and set a $32.00 price objective on shares of Teradata in a research note on Tuesday, November 5th. Finally, UBS Group increased their target price on shares of Teradata from $24.00 to $26.00 and gave the company a “sell” rating in a research report on Tuesday, November 5th. Three 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. According to MarketBeat, Teradata has an average rating of “Hold” and a consensus price target of $34.40.

Teradata Price Performance

Shares of TDC stock opened at $24.61 on Wednesday. The stock has a 50 day moving average price of $31.53 and a 200 day moving average price of $30.31. Teradata has a 52-week low of $22.73 and a 52-week high of $39.70. 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 firm has a market capitalization of $2.36 billion, a P/E ratio of 29.30, a P/E/G ratio of 3.19 and a beta of 0.78.

Teradata (NYSE:TDC) last posted its quarterly earnings results 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, sell-side analysts predict that Teradata will post 1.41 earnings per share for the current year.

Hedge Funds Weigh In On Teradata

Institutional investors and hedge funds have recently added to or reduced their stakes in the stock. Crossmark Global Holdings Inc. lifted its holdings in shares of Teradata by 4.6% in the 3rd quarter. Crossmark Global Holdings Inc. now owns 7,228 shares of the technology company’s stock worth $219,000 after acquiring an additional 315 shares during the last quarter. Venturi Wealth Management LLC grew its position in shares of Teradata by 20.9% during the fourth quarter. Venturi Wealth Management LLC now owns 2,109 shares of the technology company’s stock worth $66,000 after buying an additional 365 shares in the last quarter. Tealwood Asset Management Inc. grew its holdings in Teradata by 0.9% during the 4th quarter. Tealwood Asset Management Inc. now owns 40,652 shares of the technology company’s stock worth $1,266,000 after acquiring an additional 368 shares in the last quarter. Xponance Inc. increased its position in shares of Teradata by 2.3% in the 4th quarter. Xponance Inc. now owns 19,074 shares of the technology company’s stock valued at $594,000 after purchasing an additional 428 shares during the last quarter. Finally, Sumitomo Mitsui DS Asset Management Company Ltd increased its holdings in Teradata by 3.9% in the fourth quarter. Sumitomo Mitsui DS Asset Management Company Ltd now owns 11,596 shares of the technology company’s stock valued at $361,000 after buying an additional 431 shares during the last quarter. 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.