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Teradata (TDC) Rating Increased to Buy at Stifel Nicolaus

Teradata (NYSE:TDC) was upgraded by equities researchers at Stifel Nicolaus from a “hold” rating to a “buy” rating in a report released on Wednesday, Marketbeat Ratings reports. The firm presently has a $49.00 target price on the technology company’s stock, up from their prior target price of $45.00. Stifel Nicolaus’ price objective would indicate a potential upside of 26.09% from the company’s previous close. The analysts noted that the move was a valuation call.

Several other brokerages have also commented on TDC. Cowen raised Teradata from a “market perform” rating to an “outperform” rating in a report on Friday, February 2nd. BMO Capital Markets cut their price objective on Teradata from $42.00 to $40.00 and set a “market perform” rating for the company in a report on Friday, May 4th. Wells Fargo boosted their price objective on Teradata from $30.00 to $35.00 and gave the stock an “underperform” rating in a report on Thursday, May 10th. Sanford C. Bernstein raised Teradata from an “underperform” rating to a “market perform” rating in a report on Monday, March 5th. Finally, ValuEngine raised Teradata from a “hold” rating to a “buy” rating in a report on Friday, March 2nd. Four analysts have rated the stock with a sell rating, seven have issued a hold rating and five have given a buy rating to the stock. The stock presently has an average rating of “Hold” and an average target price of $36.64.

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Teradata opened at $38.86 on Wednesday, Marketbeat Ratings reports. Teradata has a twelve month low of $37.98 and a twelve month high of $38.36. The company has a quick ratio of 1.63, a current ratio of 1.68 and a debt-to-equity ratio of 0.71. The stock has a market cap of $4.61 billion, a price-to-earnings ratio of 47.98, a P/E/G ratio of 13.11 and a beta of 1.20.

Teradata (NYSE:TDC) last issued its quarterly earnings data on Thursday, May 3rd. The technology company reported $0.19 EPS for the quarter, topping the Thomson Reuters’ consensus estimate of $0.16 by $0.03. Teradata had a positive return on equity of 14.76% and a negative net margin of 3.32%. The company had revenue of $506.00 million during the quarter, compared to analyst estimates of $495.95 million. During the same quarter in the previous year, the firm earned $0.28 earnings per share. Teradata’s revenue was up 3.1% on a year-over-year basis. sell-side analysts expect that Teradata will post 0.97 EPS for the current fiscal year.

Teradata announced that its Board of Directors has initiated a stock buyback program on Thursday, February 8th that permits the company to repurchase $310.00 million in shares. This repurchase authorization permits the technology company to buy shares of its stock through open market purchases. Shares repurchase programs are usually an indication that the company’s board of directors believes its shares are undervalued.

In other Teradata news, General Counsel Laura K. Nyquist sold 52,379 shares of the business’s stock in a transaction that occurred on Monday, March 5th. The stock was sold at an average price of $41.52, for a total value of $2,174,776.08. The sale was disclosed in a filing with the Securities & Exchange Commission, which is accessible through this hyperlink. Also, Director James M. Ringler sold 7,496 shares of the business’s stock in a transaction that occurred on Tuesday, March 6th. The shares were sold at an average price of $41.85, for a total value of $313,707.60. The disclosure for this sale can be found here. 1.22% of the stock is owned by corporate insiders.

A number of hedge funds have recently made changes to their positions in the business. IFP Advisors Inc lifted its position in Teradata by 81.5% in the first quarter. IFP Advisors Inc now owns 3,101 shares of the technology company’s stock valued at $123,000 after purchasing an additional 1,392 shares during the last quarter. Barrow Hanley Mewhinney & Strauss LLC lifted its position in Teradata by 64.9% in the first quarter. Barrow Hanley Mewhinney & Strauss LLC now owns 3,714 shares of the technology company’s stock valued at $148,000 after purchasing an additional 1,462 shares during the last quarter. Mason Street Advisors LLC lifted its position in Teradata by 2.8% in the first quarter. Mason Street Advisors LLC now owns 61,276 shares of the technology company’s stock valued at $2,431,000 after purchasing an additional 1,663 shares during the last quarter. Atlantic Trust Group LLC lifted its position in Teradata by 18.3% in the first quarter. Atlantic Trust Group LLC now owns 12,870 shares of the technology company’s stock valued at $509,000 after purchasing an additional 1,995 shares during the last quarter. Finally, Profund Advisors LLC lifted its position in Teradata by 14.9% in the first quarter. Profund Advisors LLC now owns 16,564 shares of the technology company’s stock valued at $657,000 after purchasing an additional 2,145 shares during the last quarter. Hedge funds and other institutional investors own 97.94% of the company’s stock.

Teradata Company Profile

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.

Analyst Recommendations for Teradata (NYSE:TDC)