Teradata (NYSE:TDC) had its price target reduced by equities researchers at Bank of America from $48.00 to $45.00 in a note issued to investors on Friday. The brokerage currently has a “buy” rating on the technology company’s stock. Bank of America’s price objective suggests a potential upside of 28.57% from the stock’s previous close.

Several other brokerages also recently weighed in on TDC. Morgan Stanley upgraded Teradata from an “underweight” rating to an “equal weight” rating and boosted their target price for the stock from $31.00 to $40.00 in a research note on Tuesday, January 23rd. Wells Fargo & Co boosted their target price on Teradata from $27.50 to $30.00 and gave the stock an “underperform” rating in a research note on Friday. BMO Capital Markets boosted their target price on Teradata from $32.00 to $40.00 and gave the stock a “market perform” rating in a research note on Friday, November 3rd. Royal Bank of Canada restated a “hold” rating and set a $30.00 target price on shares of Teradata in a research note on Wednesday, October 18th. Finally, Cowen upgraded Teradata from a “market perform” rating to an “outperform” rating in a research note on Friday, February 2nd. Four analysts have rated the stock with a sell rating, nine have issued a hold rating and three have given a buy rating to the company. The company currently has an average rating of “Hold” and a consensus price target of $34.82.

Teradata (TDC) opened at $35.00 on Friday. Teradata has a one year low of $27.05 and a one year high of $42.74. The company has a debt-to-equity ratio of 0.72, a quick ratio of 1.56 and a current ratio of 1.65. The firm has a market capitalization of $4,513.30, a price-to-earnings ratio of -62.50, a P/E/G ratio of 12.43 and a beta of 1.24.

Teradata (NYSE:TDC) last announced its earnings results on Thursday, February 8th. The technology company reported $0.58 earnings per share for the quarter, topping the Thomson Reuters’ consensus estimate of $0.40 by $0.18. Teradata had a positive return on equity of 15.54% and a negative net margin of 3.11%. The firm had revenue of $626.00 million for the quarter, compared to the consensus estimate of $610.50 million. During the same period in the previous year, the business earned $0.67 EPS. The firm’s revenue for the quarter was up .0% on a year-over-year basis. analysts predict that Teradata will post 1 earnings per share for the current year.

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

In other news, CFO Mark Culhane purchased 4,500 shares of the stock in a transaction on Friday, December 1st. The stock was bought at an average price of $37.66 per share, with a total value of $169,470.00. Following the transaction, the chief financial officer now 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 can be accessed through this hyperlink. Insiders own 1.73% of the company’s stock.

Institutional investors and hedge funds have recently modified their holdings of the business. Oppenheimer & Co. Inc. acquired a new stake in Teradata during the 4th quarter worth about $207,000. PNC Financial Services Group Inc. lifted its position in Teradata by 0.4% during the 2nd quarter. PNC Financial Services Group Inc. now owns 7,236 shares of the technology company’s stock worth $213,000 after acquiring an additional 31 shares during the period. Commerce Bank acquired a new stake in Teradata during the 3rd quarter worth about $223,000. ARP Americas LP acquired a new stake in Teradata during the 4th quarter worth about $238,000. Finally, Price Capital Management Inc. acquired a new stake in Teradata during the 4th quarter worth about $242,000. 97.94% of the stock is owned by 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.

Analyst Recommendations for Teradata (NYSE:TDC)

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