Teradata (NYSE:TDC) was upgraded by Zacks Investment Research from a “hold” rating to a “buy” rating in a research report issued on Monday. The brokerage currently has a $45.00 price target on the technology company’s stock. Zacks Investment Research‘s price objective indicates a potential upside of 12.67% from the company’s previous close.
According to Zacks, “Teradata’s strategic partnerships with large organisations is expected to bode well for the company in the near term. New customer wins and strengthening relationships with large vendors are expected to drive its top line. The company’s ongoing transition to subscription pricing programs is expected to drive top-line growth in the long haul. Teradata’s focus on penetrating the top 500 high-valued and high-margin customers is a key catalyst. Notably, the company has a positive record of earnings surprises in recent quarters. Moreover, shares have outperformed the industry over a period of one year. However, increasing expenses are a concern. Sluggish spending environment in the domestic market and increasing competition continue to weigh on Teradata’s financials.”
NYSE:TDC traded down $0.17 during mid-day trading on Monday, hitting $39.94. 33,807 shares of the company’s stock traded hands, compared to its average volume of 1,029,813. Teradata has a twelve month low of $33.63 and a twelve month high of $44.27. The firm has a market capitalization of $4.73 billion, a P/E ratio of 49.30, a P/E/G ratio of 1.34 and a beta of 0.95. The company has a debt-to-equity ratio of 0.86, a current ratio of 1.77 and a quick ratio of 1.71.
Teradata (NYSE:TDC) last announced its earnings results on Thursday, November 1st. The technology company reported $0.25 earnings per share (EPS) for the quarter, beating the Thomson Reuters’ consensus estimate of $0.20 by $0.05. Teradata had a positive return on equity of 18.61% and a negative net margin of 2.68%. The company had revenue of $526.00 million for the quarter, compared to analyst estimates of $534.95 million. During the same period in the prior year, the company posted $0.29 EPS. The firm’s quarterly revenue was up .0% compared to the same quarter last year. On average, analysts expect that Teradata will post 0.83 EPS for the current year.
In other Teradata news, CFO Mark Culhane bought 6,900 shares of Teradata stock in a transaction that occurred on Monday, November 5th. The shares were bought at an average cost of $35.11 per share, with a total value of $242,259.00. Following the transaction, the chief financial officer now directly owns 36,824 shares of the company’s stock, valued at approximately $1,292,890.64. The transaction was disclosed in a filing with the Securities & Exchange Commission, which can be accessed through the SEC website. Corporate insiders own 1.22% of the company’s stock.
Several hedge funds have recently made changes to their positions in TDC. Russell Investments Group Ltd. bought a new stake in shares of Teradata during the second quarter worth $718,000. Envestnet Asset Management Inc. increased its position in shares of Teradata by 25.4% during the second quarter. Envestnet Asset Management Inc. now owns 24,987 shares of the technology company’s stock worth $1,003,000 after acquiring an additional 5,060 shares in the last quarter. Voya Investment Management LLC increased its position in shares of Teradata by 7.5% during the second quarter. Voya Investment Management LLC now owns 34,371 shares of the technology company’s stock worth $1,380,000 after acquiring an additional 2,399 shares in the last quarter. Natixis increased its position in shares of Teradata by 2.6% during the second quarter. Natixis now owns 52,236 shares of the technology company’s stock worth $2,097,000 after acquiring an additional 1,325 shares in the last quarter. Finally, Cubist Systematic Strategies LLC increased its position in shares of Teradata by 88.5% during the second quarter. Cubist Systematic Strategies LLC now owns 11,944 shares of the technology company’s stock worth $480,000 after acquiring an additional 5,606 shares in the last quarter. 98.51% of the stock is currently owned by institutional investors and hedge funds.
Teradata Corporation provides analytic data solutions and related services worldwide. The company operates through Americas Data and Analytics, and International Data and Analytics segments. Its analytic data solutions comprise software, hardware, and related business consulting and support services.
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