Teradata Co. (NYSE:TDC) Short Interest Update

Teradata Co. (NYSE:TDC) saw a significant increase in short interest during the month of March. As of March 15th, there was short interest totalling 4,910,000 shares, an increase of 22.1% from the February 28th total of 4,020,000 shares. Approximately 5.3% of the shares of the stock are short sold. Based on an average daily volume of 1,470,000 shares, the short-interest ratio is presently 3.3 days.

Wall Street Analysts Forecast Growth

Several analysts have recently weighed in on the stock. Guggenheim lowered their price objective on shares of Teradata from $42.00 to $37.00 and set a “buy” rating on the stock in a research report on Wednesday, February 12th. Morgan Stanley set a $29.00 price objective on Teradata in a report on Monday, March 24th. Barclays reduced their price target on shares of Teradata from $30.00 to $25.00 and set an “underweight” rating on the stock 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. Finally, JMP Securities reaffirmed a “market perform” rating on shares of Teradata in a report on Thursday, February 13th. Three equities research analysts have rated the stock with a sell rating, four have given a hold rating and four have given a buy rating to the stock. Based on data from MarketBeat.com, the company currently has a consensus rating of “Hold” and an average target price of $34.30.

Institutional Investors Weigh In On Teradata

A number of large investors have recently modified their holdings of TDC. Ameriprise Financial Inc. lifted its holdings in Teradata by 12.4% in the fourth quarter. Ameriprise Financial Inc. now owns 5,450,428 shares of the technology company’s stock worth $169,756,000 after buying an additional 599,394 shares during the period. AQR Capital Management LLC lifted its stake in shares of Teradata by 17.2% in the 4th quarter. AQR Capital Management LLC now owns 2,839,658 shares of the technology company’s stock valued at $88,029,000 after purchasing an additional 416,585 shares during the period. Pacer Advisors Inc. grew its stake in Teradata by 5.2% in the fourth quarter. Pacer Advisors Inc. now owns 2,179,728 shares of the technology company’s stock worth $67,899,000 after purchasing an additional 108,426 shares during the period. FMR LLC raised its holdings in Teradata by 2.7% in the third quarter. FMR LLC now owns 1,932,741 shares of the technology company’s stock worth $58,639,000 after purchasing an additional 51,080 shares in the last quarter. Finally, Geode Capital Management LLC lifted its position in Teradata by 0.5% during the third quarter. Geode Capital Management LLC now owns 1,685,317 shares of the technology company’s stock valued at $51,145,000 after buying an additional 8,289 shares during the period. Institutional investors own 90.31% of the company’s stock.

Teradata Trading Down 6.5 %

Teradata stock traded down $1.49 during trading hours on Thursday, reaching $21.44. The stock had a trading volume of 203,307 shares, compared to its average volume of 1,020,335. The stock has a market cap of $2.03 billion, a PE ratio of 18.33, a PEG ratio of 6.23 and a beta of 0.75. The company has a fifty day simple moving average of $25.79 and a 200-day simple moving average of $29.19. 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 52 week low of $21.40 and a 52 week high of $38.99.

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 analysts’ consensus estimates of $0.44 by ($0.14). Teradata had a net margin of 6.51% and a return on equity of 149.16%. Analysts forecast that Teradata will post 1.31 EPS for the current fiscal 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.