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

Teradata Co. (NYSE:TDC) was the target of a significant growth in short interest in March. As of March 15th, there was short interest totalling 4,910,000 shares, a growth of 22.1% from the February 28th total of 4,020,000 shares. Based on an average trading volume of 1,470,000 shares, the short-interest ratio is currently 3.3 days. Approximately 5.3% of the shares of the stock are sold short.

Teradata Trading Up 0.3 %

Shares of TDC traded up $0.07 during midday trading on Wednesday, hitting $22.82. The stock had a trading volume of 103,606 shares, compared to its average volume of 1,018,532. The business has a 50-day simple moving average of $25.98 and a two-hundred day simple moving average of $29.24. The firm has a market cap of $2.16 billion, a P/E ratio of 19.50, a price-to-earnings-growth ratio of 6.23 and a beta of 0.75. The company has a current ratio of 0.81, a quick ratio of 0.79 and a debt-to-equity ratio of 3.65. Teradata has a fifty-two week low of $21.80 and a fifty-two week high of $38.99.

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

Analyst Upgrades and Downgrades

Several equities research analysts recently commented on TDC shares. Royal Bank of Canada dropped their target price on Teradata from $32.00 to $29.00 and set a “sector perform” rating on the stock in a report on Wednesday, February 12th. JMP Securities restated a “market perform” rating on shares of Teradata in a report on Thursday, February 13th. Evercore ISI lowered their target price on Teradata from $37.00 to $32.00 and set an “outperform” rating on the stock in a report on Wednesday, February 12th. Barclays dropped their price target on shares of Teradata from $30.00 to $25.00 and set an “underweight” rating on the stock in a research report on Wednesday, February 12th. Finally, Guggenheim lowered their price objective on shares of Teradata from $42.00 to $37.00 and set a “buy” rating on the stock in a research note on Wednesday, February 12th. Three investment analysts have rated the stock with a sell rating, four have assigned a hold rating and four have issued a buy rating to the company. According to data from MarketBeat.com, Teradata has a consensus rating of “Hold” and an average price target of $34.40.

Hedge Funds Weigh In On Teradata

Several institutional investors and hedge funds have recently bought and sold shares of TDC. Point72 Asset Management L.P. purchased a new stake in shares of Teradata in the third quarter worth approximately $27,000. Independence Bank of Kentucky purchased a new stake in Teradata in the 4th quarter worth approximately $37,000. Aster Capital Management DIFC Ltd lifted its position in Teradata by 53.0% in the 4th 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 in the last quarter. Groupama Asset Managment purchased a new position in shares of Teradata during the 3rd quarter valued at $50,000. Finally, GAMMA Investing LLC increased its stake in shares of Teradata by 91.5% in the fourth 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 last quarter. Hedge funds and other institutional investors own 90.31% of the company’s stock.

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.