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

Teradata (NYSE:TDC) had its target price reduced by analysts at Evercore ISI from $37.00 to $32.00 in a report released on Wednesday,Benzinga reports. The firm currently has an “outperform” rating on the technology company’s stock. Evercore ISI’s price objective suggests a potential upside of 3.69% from the company’s previous close.

A number of other analysts have also recently issued reports on the stock. Barclays reduced their price objective on shares of Teradata from $30.00 to $25.00 and set an “underweight” rating for the company in a research note on Wednesday. Northland Securities cut their price target on Teradata from $38.00 to $37.00 and set an “outperform” rating for the company in a research note on Tuesday, November 5th. Royal Bank of Canada reaffirmed a “sector perform” rating and issued a $32.00 price objective on shares of Teradata in a research note on Tuesday, November 5th. Finally, UBS Group lifted their target price on Teradata from $24.00 to $26.00 and gave the company a “sell” rating in a research note on Tuesday, November 5th. Three analysts have rated the stock with a sell rating, four have given a hold rating, four have assigned a buy rating and one has issued a strong buy rating to the company. According to data from MarketBeat, the company has an average rating of “Hold” and a consensus target price of $39.09.

Teradata Trading Down 0.2 %

Shares of Teradata stock opened at $30.86 on Wednesday. Teradata has a 1-year low of $24.02 and a 1-year high of $49.44. The company’s fifty day simple moving average is $31.67 and its 200-day simple moving average is $30.35. The company has a debt-to-equity ratio of 4.01, a current ratio of 0.80 and a quick ratio of 0.79. The stock has a market capitalization of $2.95 billion, a PE ratio of 36.74, a P/E/G ratio of 3.19 and a beta of 0.78.

Teradata (NYSE:TDC) last released its earnings results on Tuesday, February 11th. The technology company reported $0.30 earnings per share 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%. As a group, equities analysts anticipate that Teradata will post 1.41 earnings per share for the current year.

Institutional Inflows and Outflows

Institutional investors and hedge funds have recently modified their holdings of the business. Point72 Asset Management L.P. bought a new stake in shares of Teradata in the 3rd quarter valued at approximately $27,000. GAMMA Investing LLC raised its holdings in Teradata by 88.0% during the 3rd quarter. GAMMA Investing LLC now owns 955 shares of the technology company’s stock valued at $29,000 after buying an additional 447 shares during the period. Brooklyn Investment Group bought a new stake in Teradata in the third quarter worth $32,000. Independence Bank of Kentucky purchased a new position in Teradata during the fourth quarter worth $37,000. Finally, Allworth Financial LP increased its position in Teradata by 75.2% during the third quarter. Allworth Financial LP now owns 1,326 shares of the technology company’s stock valued at $40,000 after acquiring an additional 569 shares during the last quarter. 90.31% of the stock is owned by hedge funds and other institutional investors.

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.