Short Interest in Teradata Co. (NYSE:TDC) Expands By 17.1%

Teradata Co. (NYSE:TDC) saw a significant growth in short interest in the month of September. As of September 15th, there was short interest totalling 2,880,000 shares, a growth of 17.1% from the August 31st total of 2,460,000 shares. Currently, 3.1% of the shares of the stock are short sold. Based on an average daily trading volume, of 839,100 shares, the days-to-cover ratio is presently 3.4 days.

Insiders Place Their Bets

In related news, insider Hillary Ashton sold 14,962 shares of the business’s stock in a transaction dated Tuesday, September 10th. The shares were sold at an average price of $27.53, for a total value of $411,903.86. Following the completion of the transaction, the insider now owns 121,382 shares of the company’s stock, valued at approximately $3,341,646.46. The sale was disclosed in a filing with the Securities & Exchange Commission, which is available at the SEC website. In other Teradata news, insider Margaret A. Treese sold 5,500 shares of the business’s stock in a transaction dated Thursday, August 29th. The shares were sold at an average price of $28.50, for a total transaction of $156,750.00. Following the completion of the transaction, the insider now directly owns 96,783 shares of the company’s stock, valued at approximately $2,758,315.50. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is available at the SEC website. Also, insider Hillary Ashton sold 14,962 shares of the firm’s stock in a transaction that occurred on Tuesday, September 10th. The shares were sold at an average price of $27.53, for a total transaction of $411,903.86. Following the transaction, the insider now owns 121,382 shares in the company, valued at approximately $3,341,646.46. The disclosure for this sale can be found here. 0.92% of the stock is currently owned by company insiders.

Hedge Funds Weigh In On Teradata

Institutional investors and hedge funds have recently bought and sold shares of the business. M&G Plc boosted its position in shares of Teradata by 2,920.3% during the 2nd quarter. M&G Plc now owns 1,183,683 shares of the technology company’s stock worth $41,429,000 after acquiring an additional 1,144,492 shares in the last quarter. AQR Capital Management LLC increased its stake in Teradata by 60.9% in the 2nd quarter. AQR Capital Management LLC now owns 2,136,209 shares of the technology company’s stock valued at $73,827,000 after purchasing an additional 808,691 shares in the last quarter. Ariel Investments LLC acquired a new position in shares of Teradata during the 1st quarter worth $30,998,000. Lynrock Lake LP increased its position in Teradata by 9.9% during the 2nd quarter. Lynrock Lake LP now owns 6,666,666 shares of the technology company’s stock worth $230,400,000 after purchasing an additional 600,000 shares in the last quarter. Finally, Vanguard Group Inc. grew its holdings in shares of Teradata by 3.3% during the first quarter. Vanguard Group Inc. now owns 11,841,180 shares of the technology company’s stock worth $457,898,000 after buying an additional 377,761 shares in the last quarter. 90.31% of the stock is currently owned by institutional investors and hedge funds.

Teradata Stock Performance

Shares of NYSE:TDC traded up $0.01 during midday trading on Monday, reaching $30.36. 224,635 shares of the company’s stock traded hands, compared to its average volume of 978,573. The company has a market cap of $2.94 billion, a price-to-earnings ratio of 72.26, a P/E/G ratio of 2.71 and a beta of 0.80. The company has a debt-to-equity ratio of 6.87, a quick ratio of 0.72 and a current ratio of 0.75. The stock has a 50 day moving average of $28.64 and a 200 day moving average of $32.85. Teradata has a one year low of $24.02 and a one year high of $49.44.

Teradata (NYSE:TDC) last posted its quarterly earnings data on Monday, August 5th. The technology company reported $0.64 earnings per share for the quarter, beating analysts’ consensus estimates of $0.48 by $0.16. The business had revenue of $436.00 million for the quarter, compared to analysts’ expectations of $447.30 million. Teradata had a net margin of 3.45% and a return on equity of 114.57%. The business’s revenue was down 5.6% compared to the same quarter last year. During the same quarter in the previous year, the business posted $0.20 earnings per share. As a group, equities research analysts anticipate that Teradata will post 1.3 EPS for the current fiscal year.

Analysts Set New Price Targets

A number of equities research analysts have issued reports on the stock. TD Cowen decreased their price target on shares of Teradata from $37.00 to $29.00 and set a “hold” rating for the company in a report on Tuesday, August 6th. Barclays dropped their target price on Teradata from $35.00 to $30.00 and set an “underweight” rating on the stock in a research report on Tuesday, August 6th. Guggenheim reissued a “buy” rating and set a $60.00 price target on shares of Teradata in a research report on Tuesday, June 25th. Evercore ISI lowered their price objective on shares of Teradata from $46.00 to $34.00 and set an “outperform” rating on the stock in a research note on Tuesday, August 6th. Finally, UBS Group started coverage on shares of Teradata in a research note on Friday, July 19th. They issued a “sell” rating and a $32.00 price objective on the stock. Three equities research analysts have rated the stock with a sell rating, four have issued a hold rating, four have issued a buy rating and one has assigned a strong buy rating to the stock. Based on data from MarketBeat, Teradata has a consensus rating of “Hold” and a consensus target price of $40.36.

Teradata Company Profile

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.