Teradata (NYSE:TDC) Price Target Cut to $53.00 by Analysts at Morgan Stanley

Teradata (NYSE:TDC) had its price target trimmed by Morgan Stanley from $58.00 to $53.00 in a research note released on Friday morning, AnalystRatings.com reports. The firm currently has an overweight rating on the technology company’s stock.

A number of other research firms have also recently issued reports on TDC. Bank of America cut shares of Teradata from a buy rating to a neutral rating and decreased their price target for the company from $48.00 to $33.00 in a report on Friday. Royal Bank of Canada decreased their price target on shares of Teradata to $40.00 and set a market perform rating for the company in a report on Friday, August 2nd. ValuEngine cut shares of Teradata from a buy rating to a hold rating in a report on Tuesday, September 17th. Barclays set a $27.00 price target on shares of Teradata and gave the company a sell rating in a report on Friday, November 1st. Finally, Stifel Nicolaus cut shares of Teradata from a buy rating to a hold rating and reduced their target price for the company from $60.00 to $25.00 in a research note on Friday. Five equities research analysts have rated the stock with a sell rating, six have issued a hold rating and one has issued a buy rating to the stock. Teradata currently has an average rating of Hold and an average price target of $32.64.

TDC stock traded down $0.58 during mid-day trading on Friday, reaching $25.86. 2,678,047 shares of the stock traded hands, compared to its average volume of 1,195,928. The company has a quick ratio of 1.22, a current ratio of 1.27 and a debt-to-equity ratio of 1.73. Teradata has a 52 week low of $23.71 and a 52 week high of $49.42. The business has a 50-day moving average of $29.57 and a two-hundred day moving average of $33.91. The firm has a market capitalization of $2.90 billion, a PE ratio of 29.39, a P/E/G ratio of 1.38 and a beta of 1.19.

Teradata (NYSE:TDC) last released its quarterly earnings results on Thursday, November 7th. The technology company reported $0.32 earnings per share (EPS) for the quarter, beating the Zacks’ consensus estimate of $0.26 by $0.06. Teradata had a net margin of 0.70% and a return on equity of 23.17%. The company had revenue of $459.00 million during the quarter, compared to analysts’ expectations of $485.62 million. During the same period in the prior year, the company earned $0.36 earnings per share. The business’s quarterly revenue was down 12.7% compared to the same quarter last year. On average, equities research analysts anticipate that Teradata will post 0.94 EPS for the current fiscal year.

Teradata announced that its board has authorized a stock buyback plan on Thursday, August 1st that authorizes the company to repurchase $500.00 million in shares. This repurchase authorization authorizes the technology company to reacquire up to 11.7% of its stock through open market purchases. Stock repurchase plans are usually an indication that the company’s board believes its shares are undervalued.

Hedge funds and other institutional investors have recently added to or reduced their stakes in the stock. Marshall Wace LLP bought a new stake in shares of Teradata in the second quarter valued at about $1,776,000. D. E. Shaw & Co. Inc. lifted its stake in Teradata by 45.8% during the second quarter. D. E. Shaw & Co. Inc. now owns 509,697 shares of the technology company’s stock worth $18,272,000 after purchasing an additional 160,107 shares during the period. JPMorgan Chase & Co. lifted its stake in Teradata by 3.7% during the second quarter. JPMorgan Chase & Co. now owns 212,622 shares of the technology company’s stock worth $7,550,000 after purchasing an additional 7,651 shares during the period. Wedge Capital Management L L P NC lifted its stake in Teradata by 15.5% during the second quarter. Wedge Capital Management L L P NC now owns 12,213 shares of the technology company’s stock worth $438,000 after purchasing an additional 1,639 shares during the period. Finally, Commerce Bank lifted its stake in Teradata by 158.2% during the second quarter. Commerce Bank now owns 15,463 shares of the technology company’s stock worth $554,000 after purchasing an additional 9,475 shares during the period. Institutional investors and hedge funds own 99.21% of the company’s stock.

About Teradata

Teradata Corporation provides hybrid cloud analytics software. Its solutions and services comprise software, hardware, and related business consulting and support services to deliver analytics in company's analytical ecosystem. It operates through three segments: North America and Latin America region; Europe, Middle East and Africa region; and Asia Pacific and Japan region.

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