Teradata (NYSE:TDC) Rating Increased to Overweight at Morgan Stanley

by · The Cerbat Gem

Morgan Stanley upgraded shares of Teradata (NYSE:TDC – Free Report) from an equal weight rating to an overweight rating in a report released on Tuesday morning, Marketbeat.com reports. The firm currently has $26.00 price objective on the technology company’s stock.

A number of other brokerages have also recently weighed in on TDC. StockNews.com cut shares of Teradata from a “strong-buy” rating to a “buy” rating in a research report on Tuesday. Guggenheim decreased their target price on Teradata from $42.00 to $37.00 and set a “buy” rating for the company in a research report on Wednesday, February 12th. Barclays dropped their target price on Teradata from $30.00 to $25.00 and set an “underweight” rating on the stock in a report on Wednesday, February 12th. Royal Bank of Canada decreased their price target on Teradata from $32.00 to $29.00 and set a “sector perform” rating for the company in a report on Wednesday, February 12th. Finally, Evercore ISI dropped 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, February 12th. Three analysts have rated the stock with a sell rating, three have given a hold rating and five have assigned a buy rating to the company. According to data from MarketBeat.com, the stock presently has an average rating of “Hold” and an average price target of $34.00.

Check Out Our Latest Report on TDC

Teradata Stock Performance

Shares of NYSE:TDC opened at $20.68 on Tuesday. The business has a 50-day moving average of $23.90 and a two-hundred day moving average of $28.71. The firm has a market capitalization of $1.99 billion, a PE ratio of 17.68, a P/E/G ratio of 6.23 and a beta of 0.87. The company has a debt-to-equity ratio of 3.65, a current ratio of 0.81 and a quick ratio of 0.79. Teradata has a 12 month low of $18.43 and a 12 month high of $38.45.

Teradata (NYSE:TDC – Get Free Report) last posted its earnings results on Tuesday, February 11th. The technology company reported $0.30 earnings per share (EPS) for the quarter, missing analysts’ consensus estimates of $0.44 by ($0.14). Teradata had a return on equity of 149.16% and a net margin of 6.51%. As a group, research analysts forecast that Teradata will post 1.31 earnings per share for the current year.

Institutional Inflows and Outflows

Several hedge funds have recently added to or reduced their stakes in the stock. Norges Bank acquired a new position in shares of Teradata in the 4th quarter worth approximately $36,315,000. UNICOM Systems Inc. bought a new position in Teradata during the fourth quarter worth $3,162,000. Unified Investment Management acquired a new position in Teradata in the fourth quarter worth $932,000. Victory Capital Management Inc. increased its stake in Teradata by 742.5% during the fourth quarter. Victory Capital Management Inc. now owns 1,127,141 shares of the technology company’s stock valued at $35,110,000 after purchasing an additional 993,358 shares during the last quarter. Finally, Versant Capital Management Inc raised its holdings in shares of Teradata by 210.2% during the fourth quarter. Versant Capital Management Inc now owns 2,578 shares of the technology company’s stock worth $80,000 after purchasing an additional 1,747 shares during the period. 90.31% of the stock is owned by institutional investors and hedge funds.

Teradata Company Profile

(Get Free Report)

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.

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