Short Interest Buzzer: Is Buying Teradata Corporation (NYSE:TDC), Having Higher Short Interest a Winning Strategy?

November 17, 2016 - By Ruchi Gupta   ·   0 Comments

Short Interest Buzzer: Is Buying Teradata Corporation (NYSE:TDC), Having Higher Short Interest a Winning Strategy?

The stock of Teradata Corporation (NYSE:TDC) registered an increase of 13.31% in short interest. TDC’s total short interest was 20.09 million shares in November as published by FINRA. Its up 13.31% from 17.73 million shares, reported previously. With 1.62M shares average volume, it will take short sellers 12 days to cover their TDC’s short positions. The short interest to Teradata Corporation’s float is 15.57%. About 84,117 shares traded hands. Teradata Corporation (NYSE:TDC) has risen 14.99% since April 15, 2016 and is uptrending. It has outperformed by 10.36% the S&P500.

Teradata Corporation is a well-known provider of analytic data platforms, marketing and analytic applications, and related services. The company has a market cap of $3.58 billion. The Company’s analytic data platforms consist of software, hardware and related business consulting and support services for data warehousing, and big data analytics. It has a 212.58 P/E ratio. It operates in two divisions: data and analytics, and marketing applications.

Insitutional Activity: The institutional sentiment increased to 0.94 in 2016 Q2. Its up 0.08, from 0.86 in 2016Q1. The ratio is positive, as 49 funds sold all Teradata Corporation shares owned while 112 reduced positions. 46 funds bought stakes while 105 increased positions. They now own 128.83 million shares or 2.96% more from 125.13 million shares in 2016Q1.
Moreover, Hotchkis Wiley Capital Management Ltd has 0.38% invested in Teradata Corporation (NYSE:TDC) for 3.55 million shares. Blackrock holds 0.01% or 144,238 shares in its portfolio. Moreover, Deutsche Fincl Bank Ag has 0.02% invested in Teradata Corporation (NYSE:TDC) for 1.25M shares. Old Second Bankshares Of Aurora, a Illinois-based fund reported 205 shares. Zurcher Kantonalbank (Zurich Cantonalbank) last reported 0% of its portfolio in the stock. Moreover, Verition Fund Mngmt has 0.03% invested in Teradata Corporation (NYSE:TDC) for 10,379 shares. Comm Financial Bank has 0% invested in the company for 11,218 shares. New Mexico Educational Retirement Board has 0.02% invested in the company for 15,298 shares. Moreover, Ellington Group Incorporated Ltd has 0.59% invested in Teradata Corporation (NYSE:TDC) for 16,900 shares. Moreover, Focused Wealth Inc has 0% invested in Teradata Corporation (NYSE:TDC) for 76 shares. Brandywine Global Invest Mgmt Lc has 21,213 shares for 0% of their US portfolio. Reilly Fin Advsr Limited Com last reported 56 shares in the company. Commonwealth Bankshares Of, a Australia-based fund reported 2,900 shares. Intrepid Cap last reported 493,755 shares in the company. Great Lakes Limited Com has invested 0.15% of its portfolio in Teradata Corporation (NYSE:TDC).

Insider Transactions: Since May 26, 2016, the stock had 0 buys, and 4 insider sales for $1.29 million net activity. 32,500 shares with value of $905,998 were sold by Fair Robert on Friday, May 27. Shares for $264,242 were sold by Harrington Daniel L on Thursday, May 26. 2,015 shares were sold by Ratzesberger Oliver, worth $63,714 on Thursday, September 1. COOPER NANCY E also sold $57,154 worth of Teradata Corporation (NYSE:TDC) on Thursday, August 4.

Teradata Corporation (NYSE:TDC) Ratings Coverage

Out of 11 analysts covering Teradata Corporation (NYSE:TDC), 1 rate it a “Buy”, 5 “Sell”, while 5 “Hold”. This means 9% are positive. Teradata Corporation has been the topic of 22 analyst reports since August 7, 2015 according to StockzIntelligence Inc. Mizuho maintained Teradata Corporation (NYSE:TDC) rating on Friday, August 7. Mizuho has “Neutral” rating and $33 price target. The rating was upgraded by Monness Crespi & Hardt on Friday, August 7 to “Neutral”. The rating was initiated by Cowen & Co with “Market Perform” on Friday, June 24. The firm earned “Sell” rating on Monday, November 9 by Summit Research. On Friday, December 11 the stock rating was initiated by Goldman Sachs with “Sell”. Barclays Capital maintained it with “Equal Weight” rating and $31 target price in Friday, August 7 report. RBC Capital Markets maintained it with “Sector Perform” rating and $33 target price in Friday, August 7 report. The stock of Teradata Corporation (NYSE:TDC) has “Sector Perform” rating given on Friday, November 6 by RBC Capital Markets. The rating was maintained by RBC Capital Markets with “Sector Perform” on Friday, February 5. The firm earned “Underweight” rating on Wednesday, January 6 by Barclays Capital.

TDC Company Profile

Teradata Corporation (Teradata), incorporated on March 27, 2007, is a well-known provider of analytic data platforms, marketing and analytic applications, and related services. The Company’s analytic data platforms consist of software, hardware and related business consulting and support services for data warehousing, and big data analytics. The Firm operates in two divisions: data and analytics, and marketing applications. The Company’s services include a range of offerings, such as consulting to help organizations design, optimize and manage their analytic and big data environments. The Company’s value-added consulting services provide expertise in data architecture services, cloud (software as a service, analytics as a service), private cloud, managed services and related installation services. In addition to its consulting services it offers a set of support services. The Firm serves clients around the world across a set of industries, including communications, e-commerce, financial services, government, gaming, healthcare, insurance, manufacturing, media and entertainment, gas and oil, retail, travel and transportation, and utilities with offerings ranging from departmental implementations to analytic data platforms and marketing applications. The Firm provides its offerings on-premise or in the cloud (as a service). Teradata operates from various locations within the United States with the primary locations being Dayton, Ohio; Johns Creek (Atlanta), Georgia, and Rancho Bernardo (San Diego), California. In addition, it has sales, services, research and development and administrative offices located in approximately 40 countries.

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By Ruchi Gupta


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