Teradata Co. (NYSE:TDC) Short Interest Up 17.1% in September

Teradata Co. (NYSE:TDC) was the recipient of a significant growth in short interest during 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. Approximately 3.1% of the shares of the company are short sold. Based on an average daily trading volume, of 839,100 shares, the days-to-cover ratio is presently 3.4 days.

Teradata Trading Down 0.7 %

Teradata stock traded down $0.20 during midday trading on Monday, hitting $30.15. 249,246 shares of the stock were exchanged, compared to its average volume of 978,704. The company has a current ratio of 0.75, a quick ratio of 0.72 and a debt-to-equity ratio of 6.87. The stock has a market capitalization of $2.92 billion, a price-to-earnings ratio of 72.26, a PEG ratio of 2.71 and a beta of 0.80. The stock’s 50-day simple moving average is $28.64 and its 200 day simple moving average is $32.85. Teradata has a fifty-two week low of $24.02 and a fifty-two week high of $49.44.

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

Analyst Ratings Changes

A number of research firms have recently commented on TDC. Evercore ISI cut their target price on shares of Teradata from $46.00 to $34.00 and set an “outperform” rating for the company in a research note on Tuesday, August 6th. Guggenheim reissued a “buy” rating and set a $60.00 target price on shares of Teradata in a report on Tuesday, June 25th. Northland Securities decreased their target price on Teradata from $49.00 to $38.00 and set an “outperform” rating on the stock in a research report on Tuesday, August 6th. Royal Bank of Canada dropped their price target on Teradata from $40.00 to $32.00 and set a “sector perform” rating for the company in a research report on Tuesday, August 6th. Finally, TD Cowen decreased their price objective on Teradata from $37.00 to $29.00 and set a “hold” rating on the stock in a report on Tuesday, August 6th. Three 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 issued a strong buy rating to the company’s stock. Based on data from MarketBeat, the stock has a consensus rating of “Hold” and a consensus target price of $40.36.

Insider Transactions at Teradata

In other news, insider Margaret A. Treese sold 5,500 shares of the firm’s stock in a transaction that occurred 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 sale, the insider now owns 96,783 shares of the company’s stock, valued at approximately $2,758,315.50. The sale was disclosed in a filing with the Securities & Exchange Commission, which is available through the SEC website. In related news, insider Margaret A. Treese sold 5,500 shares of the company’s stock in a transaction dated 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 transaction, the insider now owns 96,783 shares of the company’s stock, valued at approximately $2,758,315.50. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is accessible through the SEC website. Also, insider Hillary Ashton sold 14,962 shares of the firm’s stock in a transaction that occurred 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 completion of the sale, the insider now directly owns 121,382 shares in the company, valued at $3,341,646.46. The disclosure for this sale can be found here. Company insiders own 0.92% of the company’s stock.

Institutional Investors Weigh In On Teradata

A number of institutional investors have recently made changes to their positions in TDC. Crewe Advisors LLC acquired a new stake in Teradata in the 2nd quarter valued at approximately $26,000. Sound Income Strategies LLC acquired a new position in Teradata during the 1st quarter worth about $31,000. Hexagon Capital Partners LLC boosted its holdings in Teradata by 111.4% during the 2nd quarter. Hexagon Capital Partners LLC now owns 962 shares of the technology company’s stock valued at $33,000 after acquiring an additional 507 shares during the period. Blue Trust Inc. grew its position in Teradata by 107.3% in the 2nd 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 in the last quarter. Finally, 1620 Investment Advisors Inc. acquired a new position in Teradata in the 2nd quarter valued at about $72,000. 90.31% of the stock is currently owned by institutional investors and hedge funds.

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.