Teradata Co. (NYSE:TDC) Short Interest Up 20.3% in January

Teradata Co. (NYSE:TDC) was the target of a large growth in short interest in the month of January. As of January 31st, there was short interest totalling 4,440,000 shares, a growth of 20.3% from the January 15th total of 3,690,000 shares. Based on an average daily trading volume, of 822,800 shares, the days-to-cover ratio is currently 5.4 days. Approximately 4.7% of the shares of the stock are short sold.

Analyst Upgrades and Downgrades

Several research analysts have issued reports on the company. Northland Securities dropped their price objective on Teradata from $38.00 to $37.00 and set an “outperform” rating for the company in a research note on Tuesday, November 5th. Barclays dropped 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. StockNews.com cut shares of Teradata from a “strong-buy” rating to a “buy” rating in a research note on Thursday. Guggenheim cut their target price on shares of Teradata from $42.00 to $37.00 and set a “buy” rating for the company in a research note on Wednesday. Finally, UBS Group increased their price target on Teradata from $24.00 to $26.00 and gave the stock a “sell” rating in a research report on Tuesday, November 5th. Three equities research analysts have rated the stock with a sell rating, four have issued a hold rating and four have issued a buy rating to the company’s stock. Based on data from MarketBeat, Teradata currently has a consensus rating of “Hold” and an average price target of $34.40.

Teradata Trading Down 0.2 %

TDC traded down $0.05 during mid-day trading on Friday, reaching $24.78. The stock had a trading volume of 1,501,231 shares, compared to its average volume of 746,164. The stock has a market capitalization of $2.37 billion, a P/E ratio of 29.50, a P/E/G ratio of 3.19 and a beta of 0.78. Teradata has a 52 week low of $22.73 and a 52 week high of $39.70. The company has a debt-to-equity ratio of 4.01, a quick ratio of 0.79 and a current ratio of 0.80. The firm’s fifty day simple moving average is $31.23 and its two-hundred day simple moving average is $30.22.

Teradata (NYSE:TDC) last announced its quarterly earnings data on Tuesday, February 11th. The technology company reported $0.30 earnings per share for the quarter, missing the consensus estimate of $0.44 by ($0.14). Teradata had a net margin of 4.56% and a return on equity of 145.40%. On average, equities analysts predict that Teradata will post 1.41 EPS for the current year.

Institutional Investors Weigh In On Teradata

Institutional investors have recently made changes to their positions in the stock. Point72 Asset Management L.P. acquired a new position in shares of Teradata during the 3rd quarter worth about $27,000. GAMMA Investing LLC raised its position in shares of Teradata by 88.0% during the third quarter. GAMMA Investing LLC now owns 955 shares of the technology company’s stock worth $29,000 after purchasing an additional 447 shares during the period. Brooklyn Investment Group bought a new position in Teradata in the third quarter valued at approximately $32,000. Independence Bank of Kentucky acquired a new position in shares of Teradata in the fourth quarter valued at approximately $37,000. Finally, Allworth Financial LP increased its position in shares of Teradata by 75.2% during the third quarter. Allworth Financial LP now owns 1,326 shares of the technology company’s stock worth $40,000 after acquiring an additional 569 shares in the last quarter. 90.31% of the stock is 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.