Teradata (NYSE:TDC) was downgraded by Zacks Investment Research from a “buy” rating to a “hold” rating in a note issued to investors on Friday.

According to Zacks, “Teradata shares have outperformed the industry in the past one year.  The company is being adversely impacted by its ongoing business transformation. Also, restructuring related costs, a sluggish spending environment in the domestic market and increasing competition continues to weigh on its financials. However, strategic partnerships with the other big tech giants and acquisitions bode well for long-term growth. We believe that new customer wins and strengthening relationships with large vendors will primarily drive revenues and profits. We expect the company to benefit from transition to a subscription-based revenue model in the long run.”

A number of other equities research analysts also recently weighed in on TDC. Mizuho lifted their price target on shares of Teradata from $26.00 to $32.00 and gave the stock an “underperform” rating in a research note on Thursday, November 2nd. Deutsche Bank boosted their target price on shares of Teradata from $30.00 to $32.00 and gave the company a “hold” rating in a research note on Tuesday, October 24th. Royal Bank of Canada restated a “hold” rating and issued a $30.00 target price on shares of Teradata in a research note on Wednesday, October 18th. BMO Capital Markets upped their price target on shares of Teradata from $32.00 to $40.00 and gave the stock a “market perform” rating in a research report on Friday, November 3rd. Finally, Summit Redstone upgraded shares of Teradata from a “hold” rating to a “buy” rating in a research report on Monday, November 13th. Five equities research analysts have rated the stock with a sell rating, eight have issued a hold rating and one has issued a buy rating to the company’s stock. The company currently has a consensus rating of “Hold” and an average price target of $33.00.

Shares of Teradata (NYSE:TDC) traded down $0.03 during mid-day trading on Friday, reaching $38.65. 729,100 shares of the company were exchanged, compared to its average volume of 883,933. Teradata has a fifty-two week low of $27.05 and a fifty-two week high of $39.33. The company has a market capitalization of $4,680.00, a price-to-earnings ratio of 77.30, a P/E/G ratio of 12.89 and a beta of 1.26. The company has a debt-to-equity ratio of 0.69, a current ratio of 1.61 and a quick ratio of 1.56.

Teradata (NYSE:TDC) last announced its earnings results on Thursday, November 2nd. The technology company reported $0.29 earnings per share (EPS) for the quarter, topping the Zacks’ consensus estimate of $0.12 by $0.17. Teradata had a net margin of 3.01% and a return on equity of 16.47%. The business had revenue of $526.00 million for the quarter, compared to analyst estimates of $511.23 million. During the same quarter in the previous year, the firm posted $0.69 earnings per share. Teradata’s revenue was down 4.7% compared to the same quarter last year. equities analysts anticipate that Teradata will post 0.91 EPS for the current fiscal year.

In related news, CFO Mark Culhane purchased 4,500 shares of the stock in a transaction dated Friday, December 1st. The stock was bought at an average cost of $37.66 per share, with a total value of $169,470.00. Following the purchase, the chief financial officer now directly owns 29,924 shares in the company, valued at approximately $1,126,937.84. The purchase was disclosed in a legal filing with the Securities & Exchange Commission, which is available at the SEC website. Corporate insiders own 1.73% of the company’s stock.

A number of large investors have recently added to or reduced their stakes in TDC. International Value Advisers raised its stake in Teradata by 21.1% in the 3rd quarter. International Value Advisers now owns 3,937,162 shares of the technology company’s stock valued at $114,020,000 after acquiring an additional 685,362 shares during the period. Janus Capital Management raised its stake in Teradata by 186.9% in the 3rd quarter. Janus Capital Management now owns 37,572 shares of the technology company’s stock valued at $1,089,000 after acquiring an additional 24,478 shares during the period. Pensionfund Sabic bought a new stake in Teradata in the 4th quarter valued at $1,400,000. Pensionfund DSM Netherlands bought a new stake in Teradata in the 4th quarter valued at $2,959,000. Finally, Acadian Asset Management raised its stake in Teradata by 31,350.6% in the 4th quarter. Acadian Asset Management now owns 113,851 shares of the technology company’s stock valued at $3,008,000 after acquiring an additional 113,489 shares during the period. 97.89% of the stock is owned by hedge funds and other institutional investors.

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About Teradata

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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