Short Interest in Teradata Co. (NYSE:TDC) Increases By 20.3%

Teradata Co. (NYSE:TDC) saw a large growth in short interest in the month of 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. Approximately 4.7% of the company’s stock are short sold. Based on an average daily volume of 822,800 shares, the short-interest ratio is currently 5.4 days.

Teradata Stock Performance

TDC stock traded down $0.05 during mid-day trading on Friday, reaching $24.78. 1,501,231 shares of the stock traded hands, compared to its average volume of 746,164. Teradata has a 52 week low of $22.73 and a 52 week high of $39.70. The company has a quick ratio of 0.79, a current ratio of 0.80 and a debt-to-equity ratio of 4.01. The firm has a market capitalization of $2.37 billion, a PE ratio of 29.50, a P/E/G ratio of 3.19 and a beta of 0.78. The business has a 50-day moving average of $31.23 and a two-hundred day moving average of $30.22.

Teradata (NYSE:TDC) last issued its quarterly earnings results 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 145.40% and a net margin of 4.56%. As a group, equities analysts predict that Teradata will post 1.41 EPS for the current fiscal year.

Analysts Set New Price Targets

TDC has been the subject of several research reports. UBS Group raised their price target on shares of Teradata from $24.00 to $26.00 and gave the stock a “sell” rating in a report on Tuesday, November 5th. Northland Securities cut their price objective on Teradata from $38.00 to $37.00 and set an “outperform” rating for the company in a report on Tuesday, November 5th. Barclays reduced 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. Evercore ISI cut their price target on Teradata from $37.00 to $32.00 and set an “outperform” rating for the company in a research note on Wednesday. Finally, JMP Securities reaffirmed a “market perform” rating on shares of Teradata in a research report on Thursday. Three research analysts have rated the stock with a sell rating, four have given a hold rating and four have assigned a buy rating to the company. According to data from MarketBeat.com, the company has an average rating of “Hold” and an average price target of $34.40.

Institutional Investors Weigh In On Teradata

Several hedge funds have recently made changes to their positions in TDC. Mercer Global Advisors Inc. ADV bought a new stake in shares of Teradata in the 4th quarter worth approximately $238,000. Voleon Capital Management LP bought a new position in Teradata in the fourth quarter worth $788,000. AQR Capital Management LLC boosted its stake in Teradata by 17.2% during the fourth quarter. AQR Capital Management LLC now owns 2,839,658 shares of the technology company’s stock worth $88,029,000 after buying an additional 416,585 shares in the last quarter. Northern Trust Corp raised its stake in shares of Teradata by 30.5% in the 4th quarter. Northern Trust Corp now owns 1,101,181 shares of the technology company’s stock valued at $34,302,000 after buying an additional 257,649 shares in the last quarter. Finally, New Vernon Capital Holdings II LLC bought a new position in shares of Teradata during the 4th quarter worth about $133,000. 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.