Teradata Corporation (NYSE:TDC) had its target price lifted by analysts at BMO Capital Markets to $40.00 in a note issued to investors on Friday, The Fly reports. The firm currently has a “market perform” rating on the technology company’s stock. BMO Capital Markets’ price target points to a potential upside of 7.93% from the stock’s previous close.

Other research analysts have also issued reports about the company. BidaskClub upgraded Teradata Corporation from a “hold” rating to a “buy” rating in a research report on Friday, August 4th. Needham & Company LLC started coverage on Teradata Corporation in a research report on Monday, September 11th. They issued a “hold” rating on the stock. Stifel Nicolaus reiterated a “hold” rating and issued a $32.00 price objective on shares of Teradata Corporation in a research report on Monday, August 14th. Deutsche Bank AG increased their price objective on Teradata Corporation from $30.00 to $32.00 and gave the company a “hold” rating in a research report on Tuesday, October 24th. Finally, Royal Bank Of Canada reiterated a “hold” rating and issued a $30.00 price objective on shares of Teradata Corporation in a research report on Wednesday, October 18th. Four analysts have rated the stock with a sell rating, ten have given a hold rating and one has assigned a buy rating to the company’s stock. The stock currently has a consensus rating of “Hold” and an average target price of $30.67.

Teradata Corporation (NYSE:TDC) last announced its earnings results on Thursday, November 2nd. The technology company reported $0.29 EPS for the quarter, beating the consensus estimate of $0.23 by $0.06. The business 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 21.12% and a net margin of 4.63%. The company’s revenue was down 4.7% on a year-over-year basis. During the same period last year, the business posted $0.69 EPS.

ILLEGAL ACTIVITY WARNING: “Teradata Corporation (TDC) PT Raised to $40.00” was first reported by American Banking News and is owned by of American Banking News. If you are accessing this story on another site, it was illegally stolen and reposted in violation of United States & international copyright laws. The legal version of this story can be accessed at https://www.americanbankingnews.com/2017/11/03/teradata-corporation-tdc-pt-raised-to-40-00.html.

A number of institutional investors have recently modified their holdings of the stock. PNC Financial Services Group Inc. raised its stake in Teradata Corporation by 0.4% during the 2nd quarter. PNC Financial Services Group Inc. now owns 7,236 shares of the technology company’s stock worth $213,000 after buying an additional 31 shares during the period. Wedge Capital Management L L P NC raised its stake in Teradata Corporation by 0.5% during the 2nd quarter. Wedge Capital Management L L P NC now owns 19,366 shares of the technology company’s stock worth $571,000 after buying an additional 87 shares during the period. Contravisory Investment Management Inc. raised its stake in Teradata Corporation by 1.0% during the 2nd quarter. Contravisory Investment Management Inc. now owns 9,556 shares of the technology company’s stock worth $282,000 after buying an additional 92 shares during the period. Utah Retirement Systems raised its stake in Teradata Corporation by 0.4% during the 2nd quarter. Utah Retirement Systems now owns 23,588 shares of the technology company’s stock worth $695,000 after buying an additional 100 shares during the period. Finally, Teacher Retirement System of Texas raised its stake in Teradata Corporation by 3.2% during the 2nd quarter. Teacher Retirement System of Texas now owns 10,591 shares of the technology company’s stock worth $312,000 after buying an additional 325 shares during the period.

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.

The Fly

Analyst Recommendations for Teradata Corporation (NYSE:TDC)

Receive News & Ratings for Teradata Corporation Daily - Enter your email address below to receive a concise daily summary of the latest news and analysts' ratings for Teradata Corporation and related companies with MarketBeat.com's FREE daily email newsletter.