Teradata Co. (NYSE:TDC) Sees Large Growth in Short Interest

Teradata Co. (NYSE:TDC) was the recipient of a significant increase in short interest in March. As of March 15th, there was short interest totalling 4,910,000 shares, an increase of 22.1% from the February 28th total of 4,020,000 shares. Currently, 5.3% of the company’s stock are short sold. Based on an average trading volume of 1,470,000 shares, the days-to-cover ratio is presently 3.3 days.

Institutional Inflows and Outflows

Hedge funds and other institutional investors have recently modified their holdings of the stock. Point72 Asset Management L.P. purchased a new position in shares of Teradata in the third quarter valued at $27,000. Independence Bank of Kentucky bought a new stake in Teradata in the 4th quarter valued at about $37,000. Aster Capital Management DIFC Ltd boosted its position in shares of Teradata by 53.0% during the fourth quarter. Aster Capital Management DIFC Ltd now owns 1,567 shares of the technology company’s stock worth $49,000 after buying an additional 543 shares during the period. Groupama Asset Managment bought a new position in Teradata in the 3rd quarter worth approximately $50,000. Finally, GAMMA Investing LLC boosted its position in Teradata by 91.5% during the 4th quarter. GAMMA Investing LLC now owns 1,829 shares of the technology company’s stock worth $57,000 after acquiring an additional 874 shares during the period. Institutional investors and hedge funds own 90.31% of the company’s stock.

Teradata Price Performance

Teradata stock traded up $0.07 during midday trading on Wednesday, reaching $22.82. 103,606 shares of the company were exchanged, compared to its average volume of 1,018,532. The company has a market capitalization of $2.16 billion, a price-to-earnings ratio of 19.50, a P/E/G ratio of 6.23 and a beta of 0.75. The company has a debt-to-equity ratio of 3.65, a quick ratio of 0.79 and a current ratio of 0.81. The firm’s 50-day simple moving average is $25.98 and its 200-day simple moving average is $29.24. Teradata has a 1 year low of $21.80 and a 1 year high of $38.99.

Teradata (NYSE:TDC) last posted its quarterly earnings data on Tuesday, February 11th. The technology company reported $0.30 earnings per share for the quarter, missing analysts’ consensus estimates of $0.44 by ($0.14). Teradata had a net margin of 6.51% and a return on equity of 149.16%. On average, analysts anticipate that Teradata will post 1.31 EPS for the current year.

Analysts Set New Price Targets

A number of brokerages have weighed in on TDC. JMP Securities reiterated a “market perform” rating on shares of Teradata in a research note on Thursday, February 13th. Evercore ISI reduced their target price on shares of Teradata from $37.00 to $32.00 and set an “outperform” rating for the company in a report on Wednesday, February 12th. Barclays decreased their price target on Teradata from $30.00 to $25.00 and set an “underweight” rating for the company in a report on Wednesday, February 12th. Guggenheim cut their price objective on Teradata from $42.00 to $37.00 and set a “buy” rating for the company in a research report on Wednesday, February 12th. Finally, Royal Bank of Canada reduced their price objective on shares of Teradata from $32.00 to $29.00 and set a “sector perform” rating for the company in a research note on Wednesday, February 12th. Three analysts have rated the stock with a sell rating, four have assigned a hold rating and four have assigned a buy rating to the company’s stock. Based on data from MarketBeat.com, Teradata currently has an average rating of “Hold” and a consensus target price of $34.40.

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.