Teradata Inc (NYSE:TDC – Get Rating) updated its earnings guidance for the fourth quarter of 2022 on Monday. The company provided earnings per share (EPS) guidance of $0.28 to $0.32 for the period, compared to the consensus estimate of $0.32. The company released a revenue forecast of -. Teradata also updated its guidance for fiscal year 2022 to $1.58 – $1.62 EPS.
Analyst upgrades and downgrades
Several brokerages weighed in on TDC. Craig Hallum reduced his price target on Teradata shares to $40.00 in a Tuesday, November 15 research note. Morgan Stanley lowered its price target on Teradata shares from $50.00 to $43.00 and set an overweight rating on the stock in a Monday, October 17 research note. TheStreet upgraded Teradata shares from a b- to an ac rating in a Thursday, August 4, research note. StockNews.com moved Teradata shares from a hold rating to a buy rating in a research note on Saturday. Finally, Royal Bank of Canada lowered its price target on Teradata shares from $38.00 to $37.00 and set a sector performance rating on the stock in a Tuesday, November 8 research note. Two analysts gave the stock a sell rating, two gave the company a hold rating and six gave the company a buy rating. Based on data from MarketBeat.com, the stock currently has a consensus rating of Hold and an average target price of $45.89.
Teradata trades down 2.2%
TDC opened at $31.83 on Monday. The company’s fifty-day moving average is $31.15 and its two-hundred-day moving average is $34.55. The company has a debt ratio of 2.31, a quick ratio of 1.05 and a current ratio of 1.06. The company has a market capitalization of $3.24 billion, a PE ratio of 48.23, a price-to-earnings growth ratio of 1.58 and a beta of 0.99. Teradata has a 12-month low of $28.65 and a 12-month high of $52.53.
Teradata (NYSE:TDC – Get Rating) last released its results on Monday, November 7. The technology company reported earnings per share of $0.31 for the quarter, beating the consensus estimate of $0.29 by $0.02. The company posted revenue of $417.00 million for the quarter, versus analyst estimates of $423.10 million. Teradata had a net margin of 4.02% and a return on equity of 34.61%. The company’s revenue for the quarter was down 9.3% from the same quarter last year. During the same period last year, the company posted earnings per share of $0.24. Equity research analysts expect Teradata to post EPS of 0.74 for the current year.
Institutional investors weigh in on Teradata
A number of hedge funds and other institutional investors have recently changed their positions in the stock. BNP Paribas Arbitrage SNC increased its stake in Teradata shares by 39.4% during the third quarter. BNP Paribas Arbitrage SNC now owns 79,216 shares of the technology company worth $2,460,000 after acquiring an additional 22,382 shares during the period. Mercer Global Advisors Inc. ADV acquired a new equity stake in Teradata during the third quarter valued at $258,000. Two Sigma Investments LP acquired a new stake in shares of Teradata during the third quarter at a value of $1,486,000. Pathstone Family Office LLC increased its holdings of Teradata stock by 32.5% during the third quarter. Pathstone Family Office LLC now owns 15,281 shares of the technology company worth $474,000 after acquiring 3,748 additional shares during the period. Finally, Marshall Wace LLP increased its equity stake in Teradata by 64.9% during the third quarter. Marshall Wace LLP now owns 65,250 shares of the technology company worth $2,028,000 after acquiring an additional 25,675 shares during the period. 94.86% of the shares are currently held by institutional investors and hedge funds.
About Teradata
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Teradata Corporation, together with its subsidiaries, provides a connected, multi-cloud data platform for enterprise analytics. The company offers Teradata Vantage, a data platform that enables enterprises to leverage their data across the enterprise, as well as connect various data sources to simplify the ecosystem and support customers on their journey to the cloud through integrated migration.
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