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

Teradata Co. (NYSE:TDC) was the recipient of a significant increase in short interest in November. As of November 15th, there was short interest totalling 3,520,000 shares, an increase of 26.2% from the October 31st total of 2,790,000 shares. Based on an average daily volume of 752,300 shares, the short-interest ratio is presently 4.7 days. Currently, 3.7% of the company’s stock are short sold.

Insider Buying and Selling

In related news, 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 completion of the transaction, the insider now owns 121,382 shares in the company, valued at approximately $3,341,646.46. The trade was a 10.97 % decrease in their ownership of the stock. The sale was disclosed in a document filed with the SEC, which is accessible through the SEC website. Insiders own 0.92% of the company’s stock.

Institutional Inflows and Outflows

Large investors have recently added to or reduced their stakes in the company. Crewe Advisors LLC purchased a new position in Teradata during the second quarter worth about $26,000. Point72 Asset Management L.P. acquired a new stake in shares of Teradata during the 3rd quarter valued at approximately $27,000. GAMMA Investing LLC boosted its stake in shares of Teradata by 88.0% during the 3rd quarter. GAMMA Investing LLC now owns 955 shares of the technology company’s stock worth $29,000 after acquiring an additional 447 shares in the last quarter. Hexagon Capital Partners LLC grew its holdings in shares of Teradata by 111.4% in the 2nd quarter. Hexagon Capital Partners LLC now owns 962 shares of the technology company’s stock worth $33,000 after acquiring an additional 507 shares during the period. Finally, Brooklyn Investment Group purchased a new position in Teradata in the 3rd quarter valued at approximately $32,000. 90.31% of the stock is owned by hedge funds and other institutional investors.

Analyst Upgrades and Downgrades

TDC has been the subject of a number of research reports. Morgan Stanley reduced their price target 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. StockNews.com raised shares of Teradata from a “buy” rating to a “strong-buy” rating in a research report on Tuesday, August 6th. JMP Securities cut shares of Teradata from an “outperform” rating to a “market perform” rating in a research report on Tuesday, August 6th. Evercore ISI boosted their price target on shares of Teradata from $34.00 to $37.00 and gave the company an “outperform” rating in a research report on Tuesday, October 15th. Finally, Royal Bank of Canada reissued a “sector perform” rating and issued a $32.00 price target on shares of Teradata in a research report on Tuesday, November 5th. Three analysts have rated the stock with a sell rating, four have given a hold rating, four have given a buy rating and one has issued a strong buy rating to the company’s stock. Based on data from MarketBeat.com, the company currently has a consensus rating of “Hold” and a consensus target price of $39.91.

Teradata Stock Performance

NYSE TDC traded up $0.51 during trading hours on Monday, hitting $31.41. 921,398 shares of the stock were exchanged, compared to its average volume of 938,737. The company has a market cap of $3.01 billion, a price-to-earnings ratio of 36.79, a price-to-earnings-growth ratio of 3.04 and a beta of 0.80. Teradata has a 12-month low of $24.02 and a 12-month high of $49.44. The stock has a 50-day moving average of $30.76 and a 200 day moving average of $30.91. The company has a quick ratio of 0.79, a current ratio of 0.80 and a debt-to-equity ratio of 4.01.

Teradata (NYSE:TDC) last posted its quarterly earnings results on Monday, November 4th. The technology company reported $0.69 earnings per share (EPS) for the quarter, topping the consensus estimate of $0.56 by $0.13. The firm had revenue of $440.00 million during the quarter, compared to analysts’ expectations of $417.71 million. Teradata had a net margin of 4.56% and a return on equity of 145.40%. The firm’s revenue for the quarter was up .5% on a year-over-year basis. During the same period in the prior year, the company posted $0.14 earnings per share. As a group, equities research analysts forecast that Teradata will post 1.41 earnings per share for the current year.

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.