Teradata Co. (NYSE:TDC) Sees Significant Increase in Short Interest

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

Analyst Upgrades and Downgrades

TDC has been the topic of several research reports. UBS Group began coverage on shares of Teradata in a research note on Friday, July 19th. They set a “sell” rating and a $32.00 price objective on the stock. Evercore ISI dropped their target price on Teradata from $46.00 to $34.00 and set an “outperform” rating on the stock in a research report on Tuesday, August 6th. JMP Securities lowered shares of Teradata from an “outperform” rating to a “market perform” rating in a research report on Tuesday, August 6th. Royal Bank of Canada cut their price objective on shares of Teradata from $40.00 to $32.00 and set a “sector perform” rating on the stock in a research report on Tuesday, August 6th. Finally, Guggenheim restated a “buy” rating and issued a $60.00 price target on shares of Teradata in a research note on Tuesday, June 25th. Three equities research analysts have rated the stock with a sell rating, four have issued a hold rating, four have given a buy rating and one has given a strong buy rating to the stock. Based on data from MarketBeat.com, the company presently has an average rating of “Hold” and a consensus price target of $40.36.

Teradata Price Performance

NYSE TDC traded down $0.02 on Monday, reaching $30.33. 21,715 shares of the stock traded hands, compared to its average volume of 977,494. Teradata has a 12 month low of $24.02 and a 12 month high of $49.44. The company has a quick ratio of 0.72, a current ratio of 0.75 and a debt-to-equity ratio of 6.87. The firm’s fifty day simple moving average is $28.64 and its 200 day simple moving average is $32.85. The company has a market cap of $2.93 billion, a price-to-earnings ratio of 72.26, a P/E/G ratio of 2.71 and a beta of 0.80.

Teradata (NYSE:TDC) last issued its quarterly earnings results on Monday, August 5th. The technology company reported $0.64 EPS for the quarter, topping the consensus estimate of $0.48 by $0.16. The firm 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%. Teradata’s revenue for the quarter was down 5.6% compared to the same quarter last year. During the same period in the previous year, the business earned $0.20 earnings per share. As a group, research analysts predict that Teradata will post 1.3 EPS for the current fiscal year.

Insider Buying and Selling

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

Institutional Inflows and Outflows

Several hedge funds have recently added to or reduced their stakes in TDC. Crewe Advisors LLC acquired a new position in shares of Teradata in the 2nd quarter worth $26,000. Sound Income Strategies LLC purchased a new stake in Teradata during the first quarter valued at about $31,000. Hexagon Capital Partners LLC boosted its holdings in shares of Teradata by 111.4% in the second quarter. Hexagon Capital Partners LLC now owns 962 shares of the technology company’s stock worth $33,000 after buying an additional 507 shares during the period. Blue Trust Inc. raised its holdings in shares of Teradata by 107.3% during the second quarter. Blue Trust Inc. now owns 2,017 shares of the technology company’s stock valued at $70,000 after acquiring an additional 1,044 shares during the period. Finally, 1620 Investment Advisors Inc. purchased a new stake in shares of Teradata in the 2nd quarter valued at approximately $72,000. Institutional investors and hedge funds own 90.31% of the company’s stock.

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.