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

Teradata Co. (NYSE:TDC) saw a large 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 company’s shares are short sold. Based on an average daily trading volume, of 839,100 shares, the short-interest ratio is presently 3.4 days.

Insider Activity at Teradata

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

Institutional Trading of Teradata

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

Wall Street Analyst Weigh In

A number of analysts have weighed in on TDC shares. Royal Bank of Canada reduced their target price on Teradata from $40.00 to $32.00 and set a “sector perform” rating on the stock in a research note on Tuesday, August 6th. Northland Securities reduced their price target on shares of Teradata from $49.00 to $38.00 and set an “outperform” rating on the stock in a research note on Tuesday, August 6th. Morgan Stanley lowered their price objective on shares of Teradata from $44.00 to $30.00 and set an “equal weight” rating for the company in a research report on Tuesday, August 6th. UBS Group began coverage on shares of Teradata in a research report on Friday, July 19th. They set a “sell” rating and a $32.00 target price on the stock. Finally, 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 research note on Tuesday, August 6th. Three research analysts have rated the stock with a sell rating, four have given a hold rating, four have issued a buy rating and one has given a strong buy rating to the company’s stock. According to MarketBeat, the stock has an average rating of “Hold” and an average target price of $40.36.

Teradata Stock Down 0.7 %

Teradata stock traded down $0.20 during mid-day trading on Monday, reaching $30.15. 249,246 shares of the company were exchanged, compared to its average volume of 978,704. Teradata has a 12-month low of $24.02 and a 12-month high of $49.44. The business has a fifty day moving average of $28.64 and a 200 day moving average of $32.85. The firm has a market cap of $2.92 billion, a P/E ratio of 72.26, a PEG 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.

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

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.