Cowen Upgrades Teradata (TDC) to Outperform

Teradata (NYSE:TDC) was upgraded by investment analysts at Cowen from a “market perform” rating to an “outperform” rating in a research report issued to clients and investors on Friday.

Other equities analysts also recently issued research reports about the stock. Zacks Investment Research raised shares of Teradata from a “hold” rating to a “buy” rating and set a $43.00 price target for the company in a research note on Tuesday, January 2nd. Summit Redstone raised shares of Teradata from a “hold” rating to a “buy” rating in a research note on Monday, November 13th. Morgan Stanley raised shares of Teradata from an “underweight” rating to an “equal weight” rating and raised their price target for the company from $31.00 to $40.00 in a research note on Tuesday, January 23rd. Deutsche Bank raised their price target 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. Finally, Royal Bank of Canada reaffirmed a “hold” rating and set a $30.00 price target on shares of Teradata in a research note on Wednesday, October 18th. Three analysts have rated the stock with a sell rating, nine have assigned a hold rating and two have issued a buy rating to the company’s stock. The stock presently has a consensus rating of “Hold” and an average price target of $34.00.

Teradata (NYSE:TDC) traded down $0.57 during mid-day trading on Friday, hitting $40.80. 2,560,000 shares of the stock traded hands, compared to its average volume of 889,811. The company has a market capitalization of $4,940.00, a P/E ratio of 81.60, a P/E/G ratio of 13.79 and a beta of 1.23. Teradata has a 12-month low of $27.05 and a 12-month high of $42.74. 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 released its quarterly earnings results on Thursday, November 2nd. The technology company reported $0.29 earnings per share (EPS) for the quarter, beating the Thomson Reuters’ consensus estimate of $0.12 by $0.17. The firm had revenue of $526.00 million during the quarter, compared to the consensus estimate of $511.23 million. Teradata had a net margin of 3.01% and a return on equity of 16.47%. The company’s revenue for the quarter was down 4.7% on a year-over-year basis. During the same quarter last year, the firm earned $0.69 earnings per share. sell-side analysts expect that Teradata will post 0.91 earnings per share for the current year.

In other news, CFO Mark Culhane acquired 4,500 shares of the firm’s stock in a transaction dated Friday, December 1st. The stock was bought at an average cost of $37.66 per share, for a total transaction of $169,470.00. Following the completion of the transaction, the chief financial officer now directly owns 29,924 shares in the company, valued at approximately $1,126,937.84. The acquisition was disclosed in a document filed with the Securities & Exchange Commission, which can be accessed through this hyperlink. Corporate insiders own 1.73% of the company’s stock.

A number of large investors have recently bought and sold shares of TDC. ETF Managers Group LLC acquired a new stake in Teradata in the second quarter worth $130,000. PNC Financial Services Group Inc. grew its holdings in Teradata by 0.4% in the second quarter. PNC Financial Services Group Inc. now owns 7,236 shares of the technology company’s stock worth $213,000 after purchasing an additional 31 shares during the period. Commerce Bank acquired a new stake in Teradata in the third quarter worth $223,000. Zurcher Kantonalbank Zurich Cantonalbank grew its holdings in Teradata by 43.5% in the fourth quarter. Zurcher Kantonalbank Zurich Cantonalbank now owns 7,439 shares of the technology company’s stock worth $286,000 after purchasing an additional 2,256 shares during the period. Finally, State of Alaska Department of Revenue acquired a new stake in Teradata in the fourth quarter worth $288,000. Institutional investors and hedge funds own 97.94% of the company’s stock.

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Teradata 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.

Analyst Recommendations for Teradata (NYSE:TDC)

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