Teradata Corporation (NYSE:TDC) had its price target raised by Morgan Stanley from $29.00 to $31.00 in a report issued on Friday. The brokerage presently has an “underweight” rating on the technology company’s stock. Morgan Stanley’s target price indicates a potential downside of 14.10% from the company’s current price.
Other research analysts also recently issued reports about the company. Mizuho lifted their price target on Teradata Corporation from $26.00 to $32.00 and gave the company an “underperform” rating in a report on Thursday. BMO Capital Markets lifted their price target on Teradata Corporation to $40.00 and gave the company a “market perform” rating in a report on Friday. Stifel Nicolaus reiterated a “hold” rating and issued a $32.00 price target on shares of Teradata Corporation in a report on Monday, August 14th. BidaskClub downgraded Teradata Corporation from a “buy” rating to a “hold” rating in a report on Friday, August 11th. Finally, Needham & Company LLC assumed coverage on Teradata Corporation in a report on Monday, September 11th. They issued a “hold” rating on the stock. Five research analysts have rated the stock with a sell rating, ten have given a hold rating and one has given a buy rating to the company’s stock. Teradata Corporation currently has an average rating of “Hold” and an average target price of $30.70.
Teradata Corporation (NYSE TDC) traded up $2.80 on Friday, reaching $36.09. The company’s stock had a trading volume of 1,870,724 shares, compared to its average volume of 1,381,599. The company has a market cap of $4,850.71, a PE ratio of 33.09 and a beta of 1.23.
Teradata Corporation (NYSE:TDC) last released its quarterly earnings data on Thursday, November 2nd. The technology company reported $0.29 EPS for the quarter, topping the consensus estimate of $0.12 by $0.17. The company had revenue of $526.00 million for the quarter, compared to the consensus estimate of $511.23 million. Teradata Corporation had a return on equity of 16.47% and a net margin of 3.01%. Teradata Corporation’s quarterly revenue was down 4.7% on a year-over-year basis. During the same period last year, the business posted $0.69 EPS. research analysts anticipate that Teradata Corporation will post 0.9 EPS for the current year.
A number of institutional investors and hedge funds have recently modified their holdings of the business. Global X MANAGEMENT CO LLC lifted its position in Teradata Corporation by 16.8% during the 3rd quarter. Global X MANAGEMENT CO LLC now owns 10,689 shares of the technology company’s stock worth $361,000 after acquiring an additional 1,535 shares during the period. Oregon Public Employees Retirement Fund lifted its position in Teradata Corporation by 223.7% during the 3rd quarter. Oregon Public Employees Retirement Fund now owns 48,253 shares of the technology company’s stock worth $1,630,000 after acquiring an additional 33,346 shares during the period. State of Tennessee Treasury Department acquired a new stake in Teradata Corporation during the 3rd quarter worth about $2,703,000. Canada Pension Plan Investment Board lifted its position in Teradata Corporation by 131.2% during the 3rd quarter. Canada Pension Plan Investment Board now owns 839,067 shares of the technology company’s stock worth $28,352,000 after acquiring an additional 476,100 shares during the period. Finally, Victory Capital Management Inc. acquired a new stake in Teradata Corporation during the 3rd quarter worth about $33,107,000.
About Teradata Corporation
Teradata Corporation is a provider of analytic data platforms, analytic applications and related services. The Company’s segments include Americas region (North America and Latin America) and International region (Europe, Middle East, Africa, Asia Pacific and Japan). Its offerings include analytics solutions, ecosystem architecture consulting and hybrid cloud solutions.
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