Teradata Corporation (NYSE:TDC)‘s stock had its “hold” rating reissued by investment analysts at Stifel Nicolaus in a research note issued to investors on Monday. They presently have a $32.00 price target on the technology company’s stock. Stifel Nicolaus’ price objective would suggest a potential upside of 11.93% from the company’s previous close.
A number of other equities analysts have also commented on the company. TheStreet lowered Teradata Corporation from a “b-” rating to a “c” rating in a research note on Thursday, April 27th. BTIG Research started coverage on Teradata Corporation in a research note on Monday, April 17th. They set a “neutral” rating for the company. Deutsche Bank AG reissued a “hold” rating and set a $30.00 price target (down from $32.00) on shares of Teradata Corporation in a research note on Saturday, April 29th. Sanford C. Bernstein started coverage on Teradata Corporation in a research note on Wednesday, May 24th. They set an “underperform” rating and a $25.00 price target for the company. Finally, BMO Capital Markets dropped their price target on Teradata Corporation from $32.00 to $30.00 and set a “market perform” rating for the company in a research note on Thursday, April 27th. Six investment analysts have rated the stock with a sell rating, ten have given a hold rating and one has given a buy rating to the stock. The stock presently has a consensus rating of “Hold” and a consensus target price of $28.78.
Shares of Teradata Corporation (TDC) traded up 0.74% during trading on Monday, hitting $28.59. The company had a trading volume of 1,377,532 shares. Teradata Corporation has a 52 week low of $25.46 and a 52 week high of $33.32. The firm’s 50 day moving average is $28.55 and its 200-day moving average is $29.53. The stock has a market capitalization of $3.70 billion, a P/E ratio of 22.30 and a beta of 1.26.
Teradata Corporation (NYSE:TDC) last announced its quarterly earnings results on Thursday, April 27th. The technology company reported $0.28 EPS for the quarter, meeting analysts’ consensus estimates of $0.28. Teradata Corporation had a return on equity of 28.55% and a net margin of 7.45%. The company had revenue of $491 million during the quarter, compared to analyst estimates of $497.29 million. During the same period in the prior year, the company earned $0.47 earnings per share. The firm’s revenue was down 9.9% on a year-over-year basis. Equities research analysts anticipate that Teradata Corporation will post $1.25 EPS for the current fiscal year.
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Several large investors have recently modified their holdings of the company. BlackRock Inc. increased its stake in shares of Teradata Corporation by 5,397.6% in the first quarter. BlackRock Inc. now owns 7,801,522 shares of the technology company’s stock valued at $242,782,000 after buying an additional 7,659,614 shares during the last quarter. Bank of New York Mellon Corp increased its stake in shares of Teradata Corporation by 33.1% in the first quarter. Bank of New York Mellon Corp now owns 11,731,225 shares of the technology company’s stock valued at $365,073,000 after buying an additional 2,917,721 shares during the last quarter. Wellington Management Group LLP increased its stake in shares of Teradata Corporation by 437.3% in the first quarter. Wellington Management Group LLP now owns 1,658,144 shares of the technology company’s stock valued at $51,601,000 after buying an additional 1,349,522 shares during the last quarter. Norges Bank acquired a new stake in shares of Teradata Corporation during the fourth quarter valued at $35,022,000. Finally, American Century Companies Inc. increased its stake in shares of Teradata Corporation by 363.8% in the first quarter. American Century Companies Inc. now owns 1,151,131 shares of the technology company’s stock valued at $35,823,000 after buying an additional 902,948 shares during the last quarter.
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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