Teradata Corporation (TDC) Rating Lowered to Hold at BidaskClub
Teradata Corporation (NYSE:TDC) was downgraded by investment analysts at BidaskClub from a “buy” rating to a “hold” rating in a note issued to investors on Saturday.
Other analysts have also recently issued reports about the company. TheStreet cut Teradata Corporation from a “b-” rating to a “c” rating in a research report on Thursday, April 27th. Deutsche Bank AG reaffirmed a “hold” rating and set a $30.00 price objective (down from $32.00) on shares of Teradata Corporation in a research report on Saturday, April 29th. BMO Capital Markets dropped their price target on Teradata Corporation from $32.00 to $30.00 and set a “market perform” rating on the stock in a research report on Thursday, April 27th. BTIG Research began coverage on Teradata Corporation in a research report on Monday, April 17th. They issued a “neutral” rating on the stock. Finally, Sanford C. Bernstein began coverage on Teradata Corporation in a research report on Wednesday, May 24th. They issued an “underperform” rating and a $25.00 price target on the stock. Six research analysts have rated the stock with a sell rating, nine have assigned a hold rating and one has assigned a buy rating to the company. Teradata Corporation currently has a consensus rating of “Hold” and an average target price of $28.38.
Shares of Teradata Corporation (TDC) traded down 0.18% during trading on Friday, reaching $28.38. The company’s stock had a trading volume of 1,671,426 shares. The stock’s 50-day moving average is $28.55 and its 200-day moving average is $29.53. The stock has a market cap of $3.67 billion, a P/E ratio of 22.14 and a beta of 1.26. Teradata Corporation has a 12-month low of $24.51 and a 12-month high of $33.32.
Teradata Corporation (NYSE:TDC) last announced its quarterly earnings results on Thursday, April 27th. The technology company reported $0.28 earnings per share (EPS) for the quarter, meeting analysts’ consensus estimates of $0.28. The company had revenue of $491 million for the quarter, compared to the consensus estimate of $497.29 million. Teradata Corporation had a return on equity of 28.55% and a net margin of 7.45%. Teradata Corporation’s revenue was down 9.9% compared to the same quarter last year. During the same quarter in the previous year, the business earned $0.47 EPS. Equities research analysts anticipate that Teradata Corporation will post $1.25 earnings per share for the current fiscal year.
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A number of institutional investors have recently made changes to their positions in the company. Vanguard Group Inc. raised its position in shares of Teradata Corporation by 3.1% in the first quarter. Vanguard Group Inc. now owns 15,016,972 shares of the technology company’s stock worth $467,328,000 after buying an additional 448,436 shares during the last quarter. Bank of New York Mellon Corp raised 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 worth $365,073,000 after buying an additional 2,917,721 shares in the last quarter. BlackRock Inc. raised 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 worth $242,782,000 after buying an additional 7,659,614 shares in the last quarter. Fairpointe Capital LLC raised its stake in shares of Teradata Corporation by 0.5% in the first quarter. Fairpointe Capital LLC now owns 5,756,276 shares of the technology company’s stock worth $179,135,000 after buying an additional 31,283 shares in the last quarter. Finally, Ameriprise Financial Inc. raised its stake in shares of Teradata Corporation by 0.4% in the first quarter. Ameriprise Financial Inc. now owns 5,071,892 shares of the technology company’s stock worth $157,837,000 after buying an additional 19,858 shares in the last quarter.
Teradata Corporation Company Profile
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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