Teradata Co. (NYSE:TDC) Short Interest Update

Teradata Co. (NYSE:TDC) saw a significant growth in short interest during the month of 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. Currently, 5.3% of the company’s shares are short sold. Based on an average trading volume of 1,470,000 shares, the days-to-cover ratio is presently 3.3 days.

Hedge Funds Weigh In On Teradata

Hedge funds have recently modified their holdings of the company. 111 Capital purchased a new position in Teradata in the fourth quarter valued at approximately $201,000. Wealth Enhancement Advisory Services LLC grew its stake in Teradata by 111.6% during the fourth quarter. Wealth Enhancement Advisory Services LLC now owns 42,174 shares of the technology company’s stock valued at $1,314,000 after acquiring an additional 22,246 shares in the last quarter. Jefferies Financial Group Inc. bought a new position in Teradata in the 4th quarter valued at $3,255,000. Mackenzie Financial Corp grew its position in shares of Teradata by 40.6% during the 4th quarter. Mackenzie Financial Corp now owns 128,650 shares of the technology company’s stock valued at $4,007,000 after purchasing an additional 37,130 shares in the last quarter. Finally, Vise Technologies Inc. raised its position in shares of Teradata by 7.4% in the fourth quarter. Vise Technologies Inc. now owns 9,562 shares of the technology company’s stock worth $298,000 after buying an additional 662 shares in the last quarter. Institutional investors own 90.31% of the company’s stock.

Wall Street Analysts Forecast Growth

A number of analysts have weighed in on the stock. Barclays decreased their target price on shares of Teradata from $30.00 to $25.00 and set an “underweight” rating for the company in a research report on Wednesday, February 12th. Evercore ISI decreased their price objective on shares of Teradata from $37.00 to $32.00 and set an “outperform” rating for the company in a research report on Wednesday, February 12th. StockNews.com lowered shares of Teradata from a “strong-buy” rating to a “buy” rating in a report on Saturday, March 29th. Royal Bank of Canada lowered their price objective on Teradata from $32.00 to $29.00 and set a “sector perform” rating for the company in a research report on Wednesday, February 12th. Finally, Morgan Stanley set a $29.00 target price on Teradata in a research report on Monday, March 24th. Three equities research analysts have rated the stock with a sell rating, four have assigned a hold rating and four have assigned a buy rating to the company’s stock. According to MarketBeat.com, the stock currently has a consensus rating of “Hold” and a consensus target price of $34.30.

Teradata Stock Down 6.5 %

Shares of NYSE:TDC traded down $1.49 during midday trading on Thursday, hitting $21.44. 203,307 shares of the company’s stock were exchanged, compared to its average volume of 1,020,335. The company has a market cap of $2.03 billion, a PE ratio of 18.33, a price-to-earnings-growth ratio of 6.23 and a beta of 0.75. The company has a debt-to-equity ratio of 3.65, a current ratio of 0.81 and a quick ratio of 0.79. Teradata has a 12 month low of $21.40 and a 12 month high of $38.99. The stock has a 50 day moving average price of $25.79 and a 200-day moving average price of $29.19.

Teradata (NYSE:TDC) last announced its quarterly earnings results on Tuesday, February 11th. The technology company reported $0.30 earnings per share (EPS) for the quarter, missing the consensus estimate of $0.44 by ($0.14). Teradata had a return on equity of 149.16% and a net margin of 6.51%. On average, sell-side analysts anticipate that Teradata will post 1.31 EPS 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.