Teradata Co. (NYSE:TDC) Short Interest Update

Teradata Co. (NYSE:TDC) was the target of a significant growth in short interest in January. As of January 31st, there was short interest totalling 4,440,000 shares, a growth of 20.3% from the January 15th total of 3,690,000 shares. Currently, 4.7% of the shares of the stock are short sold. Based on an average trading volume of 822,800 shares, the days-to-cover ratio is currently 5.4 days.

Teradata Stock Performance

Shares of NYSE TDC traded down $0.05 during midday trading on Monday, hitting $24.78. The company’s stock had a trading volume of 1,501,231 shares, compared to its average volume of 746,164. The firm has a market cap of $2.37 billion, a P/E ratio of 29.50, a P/E/G ratio of 3.19 and a beta of 0.78. Teradata has a 1-year low of $22.73 and a 1-year high of $39.70. The firm’s fifty day moving average price is $31.08 and its 200-day moving average price is $30.14. The company has a debt-to-equity ratio of 4.01, a quick ratio of 0.79 and a current ratio of 0.80.

Teradata (NYSE:TDC) last announced its quarterly earnings results on Tuesday, February 11th. The technology company reported $0.30 earnings per share (EPS) for the quarter, missing the consensus estimate of $0.44 by ($0.14). Teradata had a return on equity of 145.40% and a net margin of 4.56%. On average, sell-side analysts forecast that Teradata will post 1.41 EPS for the current fiscal year.

Wall Street Analyst Weigh In

A number of research firms recently commented on TDC. Barclays dropped their price objective on Teradata from $30.00 to $25.00 and set an “underweight” rating for the company in a research report on Wednesday, February 12th. JMP Securities reissued a “market perform” rating on shares of Teradata in a research report on Thursday. Northland Securities decreased their target price on shares of Teradata from $38.00 to $37.00 and set an “outperform” rating on the stock in a research report on Tuesday, November 5th. Evercore ISI cut their price target on Teradata from $37.00 to $32.00 and set an “outperform” rating for the company in a report on Wednesday, February 12th. Finally, StockNews.com lowered Teradata from a “strong-buy” rating to a “buy” rating in a research note on Thursday. Three equities research analysts have rated the stock with a sell rating, four have assigned a hold rating and four have given a buy rating to the company’s stock. Based on data from MarketBeat, the company has a consensus rating of “Hold” and a consensus price target of $34.40.

Institutional Trading of Teradata

A number of hedge funds and other institutional investors have recently made changes to their positions in the stock. Point72 Asset Management L.P. bought a new stake in Teradata in the third quarter worth about $27,000. GAMMA Investing LLC grew its position in Teradata by 88.0% in the third quarter. GAMMA Investing LLC now owns 955 shares of the technology company’s stock worth $29,000 after buying an additional 447 shares during the last quarter. Brooklyn Investment Group bought a new stake in shares of Teradata during the 3rd quarter worth $32,000. Independence Bank of Kentucky acquired a new stake in shares of Teradata during the fourth quarter worth $37,000. Finally, Allworth Financial LP increased its stake in Teradata by 75.2% in the 3rd quarter. Allworth Financial LP now owns 1,326 shares of the technology company’s stock worth $40,000 after purchasing an additional 569 shares in the last quarter. 90.31% of the stock is currently owned by institutional investors.

About Teradata

Teradata Corporation, together with its subsidiaries, provides a connected multi-cloud data platform for enterprise analytics. The company offers Teradata Vantage, an open and connected platform designed to leverage data across an enterprise. Its business consulting services include support services for organizations to establish a data and analytic vision, enable a multi-cloud ecosystem architecture, and identify and operationalize analytical opportunities, as well as to ensure the analytical infrastructure delivers value.