Zacks Investment Research upgraded shares of Teradata (NYSE:TDC) from a hold rating to a buy rating in a research note issued to investors on Tuesday morning. Zacks Investment Research currently has $43.00 target price on the technology company’s stock.

According to Zacks, “Teradata shares have outperformed the industry in the past one year.  The company is being adversely impacted by its ongoing business transformation. Also, restructuring related costs, a sluggish spending environment in the domestic market and increasing competition continues to weigh on its financials. However, strategic partnerships with the other big tech giants and acquisitions bode well for long-term growth. We believe that new customer wins and strengthening relationships with large vendors will primarily drive revenues and profits. We expect the company to benefit from transition to a subscription-based revenue model in the long run.”

TDC has been the topic of a number of other research reports. BMO Capital Markets raised their target price on Teradata from $32.00 to $40.00 and gave the company a market perform rating in a report on Friday, November 3rd. Sanford C. Bernstein reaffirmed an underperform rating and issued a $27.00 target price on shares of Teradata in a report on Monday, September 11th. UBS Group raised their target price on Teradata from $24.00 to $30.00 and gave the company a sell rating in a report on Thursday, November 9th. Morgan Stanley raised their target price on Teradata from $29.00 to $31.00 and gave the company an underweight rating in a report on Friday, November 3rd. Finally, Mizuho raised their target price on Teradata from $26.00 to $32.00 and gave the company an underperform rating in a report on Thursday, November 2nd. Five equities research analysts have rated the stock with a sell rating, eight have assigned a hold rating and one has assigned a buy rating to the company. The stock currently has an average rating of Hold and an average target price of $33.00.

Shares of Teradata (NYSE:TDC) opened at $38.83 on Tuesday. The stock has a market capitalization of $4,680.00, a P/E ratio of 77.66, a price-to-earnings-growth ratio of 12.89 and a beta of 1.26. The company has a quick ratio of 1.56, a current ratio of 1.61 and a debt-to-equity ratio of 0.69. Teradata has a fifty-two week low of $27.05 and a fifty-two week high of $39.33.

Teradata (NYSE:TDC) last released its earnings results on Thursday, November 2nd. The technology company reported $0.29 earnings per share (EPS) for the quarter, beating the Zacks’ consensus estimate of $0.12 by $0.17. The firm had revenue of $526.00 million for the quarter, compared to analyst estimates of $511.23 million. Teradata had a return on equity of 16.47% and a net margin of 3.01%. The company’s revenue was down 4.7% on a year-over-year basis. During the same quarter last year, the firm posted $0.69 EPS. equities research analysts forecast that Teradata will post 0.91 earnings per share for the current fiscal year.

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

Several large investors have recently made changes to their positions in TDC. ETF Managers Group LLC acquired a new stake in shares of Teradata during the 2nd quarter worth approximately $130,000. Zurcher Kantonalbank Zurich Cantonalbank boosted its stake in Teradata by 9.9% in the 2nd quarter. Zurcher Kantonalbank Zurich Cantonalbank now owns 5,183 shares of the technology company’s stock valued at $153,000 after buying an additional 469 shares in the last quarter. PNC Financial Services Group Inc. boosted its stake in Teradata by 0.4% in the 2nd quarter. PNC Financial Services Group Inc. now owns 7,236 shares of the technology company’s stock valued at $213,000 after buying an additional 31 shares in the last quarter. Commerce Bank acquired a new stake in Teradata in the 3rd quarter valued at $223,000. Finally, Commerzbank Aktiengesellschaft FI boosted its stake in Teradata by 20.9% in the 2nd quarter. Commerzbank Aktiengesellschaft FI now owns 7,819 shares of the technology company’s stock valued at $231,000 after buying an additional 1,354 shares in the last quarter. 97.89% of the stock is currently owned by institutional investors.

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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.

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