Teradata (TDC) Lowered to “Sell” at Zacks Investment Research

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Teradata (NYSE:TDC) was downgraded by Zacks Investment Research from a “buy” rating to a “sell” rating in a research note issued to investors on Tuesday.

According to Zacks, “Teradata’s fourth-quarter 2018 results were negatively impacted by the ongoing restructuring initiatives. Declining perpetual license revenues continued to hurt top-line growth. Moreover, waning consulting services revenues as Teradata realigns resources to Vantage solution remained an overhang. Sluggish spending environment in the domestic market and increasing competition continues to weigh on Teradata’s financials. Moreover, increasing expenses are a concern. Lower margins from subscription-based revenues kept margins under pressure. However, growing traction of Teradata Vantage among megadata companies is a positive. Robust growth in annual recurring revenues and increasing adoption of the company’s subscription- based model are major growth drivers. Shares have outperformed the industry in the past year.”

Other analysts also recently issued research reports about the stock. BMO Capital Markets reaffirmed a “market perform” rating and issued a $45.00 price objective (up previously from $40.00) on shares of Teradata in a research report on Friday. Cowen increased their target price on Teradata from $51.00 to $55.00 and gave the company an “outperform” rating in a research note on Monday. TheStreet upgraded Teradata from a “c+” rating to a “b-” rating in a research note on Friday. Finally, Morgan Stanley upgraded Teradata from an “equal weight” rating to an “overweight” rating and increased their target price for the company from $42.00 to $55.00 in a research note on Tuesday, January 15th. Three research analysts have rated the stock with a sell rating, four have assigned a hold rating and five have issued a buy rating to the stock. The stock currently has a consensus rating of “Hold” and an average target price of $47.44.

NYSE:TDC traded down $0.06 on Tuesday, reaching $46.22. The stock had a trading volume of 41,837 shares, compared to its average volume of 1,316,069. The firm has a market cap of $5.47 billion, a price-to-earnings ratio of 52.58, a price-to-earnings-growth ratio of 1.53 and a beta of 1.01. Teradata has a 12-month low of $34.06 and a 12-month high of $47.22. The company has a current ratio of 1.42, a quick ratio of 1.39 and a debt-to-equity ratio of 0.97.

Teradata (NYSE:TDC) last posted its earnings results on Thursday, February 7th. The technology company reported $0.49 earnings per share (EPS) for the quarter, topping the Zacks’ consensus estimate of $0.44 by $0.05. The firm had revenue of $588.00 million during the quarter, compared to the consensus estimate of $565.94 million. Teradata had a net margin of 1.39% and a return on equity of 18.18%. The company’s revenue was down 6.1% on a year-over-year basis. During the same quarter in the prior year, the company earned $0.58 EPS. On average, equities research analysts forecast that Teradata will post 1.21 earnings per share for the current fiscal year.

Several institutional investors have recently added to or reduced their stakes in TDC. Oregon Public Employees Retirement Fund lifted its stake in Teradata by 3,695.9% during the fourth quarter. Oregon Public Employees Retirement Fund now owns 1,813,738 shares of the technology company’s stock worth $47,000 after purchasing an additional 1,765,956 shares during the last quarter. Schroder Investment Management Group lifted its stake in Teradata by 3,448.6% during the third quarter. Schroder Investment Management Group now owns 883,223 shares of the technology company’s stock worth $33,307,000 after purchasing an additional 858,334 shares during the last quarter. Victory Capital Management Inc. bought a new position in Teradata during the fourth quarter worth $27,431,000. BlackRock Inc. lifted its stake in Teradata by 4.2% during the fourth quarter. BlackRock Inc. now owns 11,627,639 shares of the technology company’s stock worth $446,037,000 after purchasing an additional 473,405 shares during the last quarter. Finally, Renaissance Technologies LLC lifted its stake in Teradata by 49.3% during the third quarter. Renaissance Technologies LLC now owns 1,318,510 shares of the technology company’s stock worth $49,721,000 after purchasing an additional 435,210 shares during the last quarter. Institutional investors own 97.78% 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.

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