NASDAQ:TECD - Tech Data Stock Price, Forecast & News

Tech Data trades on the NASDAQ under the ticker symbol "TECD."

Tech Data declared that its board has approved a share repurchase program on Tuesday, October 2nd 2018, which allows the company to buyback $200,000,000.00 in shares, according to EventVestor. This buyback authorization allows the company to buy up to 7.3% of its shares through open market purchases. Shares buyback programs are generally a sign that the company's board believes its shares are undervalued.

Tech Data Corp (NASDAQ:TECD) issued its earnings results on Tuesday, November, 26th. The company reported $3.02 earnings per share (EPS) for the quarter, topping the consensus estimate of $2.99 by $0.03. The company earned $9.12 billion during the quarter, compared to analyst estimates of $9.37 billion. Tech Data had a return on equity of 15.52% and a net margin of 0.92%. The firm's revenue was down 2.4% on a year-over-year basis. During the same quarter last year, the firm posted $3.02 earnings per share. View Tech Data's Earnings History.

Tech Data is scheduled to release their next quarterly earnings announcement on Thursday, March 5th 2020. View Earnings Estimates for Tech Data.

4 brokerages have issued 1-year target prices for Tech Data's stock. Their forecasts range from $100.00 to $150.00. On average, they anticipate Tech Data's share price to reach $117.50 in the next twelve months. This suggests that the stock has a possible downside of 18.5%. View Analyst Price Targets for Tech Data.

4 Wall Street analysts have issued "buy," "hold," and "sell" ratings for Tech Data in the last year. There are currently 3 hold ratings and 1 buy rating for the stock, resulting in a consensus recommendation of "Hold." View Analyst Ratings for Tech Data.

Media coverage about TECD stock has been trending somewhat negative recently, according to InfoTrie Sentiment. InfoTrie rates the sentiment of media coverage by reviewing more than six thousand blog and news sources in real-time. The firm ranks coverage of publicly-traded companies on a scale of -5 to 5, with scores closest to five being the most favorable. Tech Data earned a news sentiment score of -1.0 on InfoTrie's scale. They also gave press coverage about the company a news buzz of 10.0 out of 10, indicating that recent media coverage is extremely likely to have an impact on the stock's share price in the near future. View News Stories for Tech Data.

Tech Data saw a decline in short interest in the month of January. As of January 31st, there was short interest totalling 983,700 shares, a decline of 12.9% from the January 15th total of 1,130,000 shares. Based on an average daily volume of 637,500 shares, the days-to-cover ratio is currently 1.5 days. Approximately 2.8% of the shares of the stock are short sold. View Tech Data's Current Options Chain.

Some companies that are related to Tech Data include SYNNEX (SNX), Arrow Electronics (ARW), Avnet (AVT), Anixter International (AXE), Insight Enterprises (NSIT), PC Connection (CNXN), Agilysys (AGYS), ScanSource (SCSC) and Richardson Electronics (RELL).

Based on aggregate information from My MarketBeat watchlists, some companies that other Tech Data investors own include AbbVie (ABBV), Alibaba Group (BABA), NVIDIA (NVDA), AT&T (T), Bristol-Myers Squibb (BMY), Micron Technology (MU), Walt Disney (DIS), QUALCOMM (QCOM), Starbucks (SBUX) and salesforce.com (CRM).

Tech Data's stock is owned by a number of of retail and institutional investors. Top institutional investors include State Street Corp (3.42%), LSV Asset Management (2.90%), AQR Capital Management LLC (2.36%), Bank of New York Mellon Corp (1.41%), Prudential Financial Inc. (1.24%) and UBS Group AG (1.11%). Company insiders that own Tech Data stock include Beth E Simonetti, Charles E Adair, Charles V Dannewitz, David R Vetter, Harry J Harczak Jr, John A Tonnison, Joseph H Quaglia, Michael Rabinovitch, Patrick Zammit, Robert M Dutkowsky and Thomas I Morgan. View Institutional Ownership Trends for Tech Data.

TECD stock was sold by a variety of institutional investors in the last quarter, including AQR Capital Management LLC, LSV Asset Management, Goldman Sachs Group Inc., River Road Asset Management LLC, Prudential Financial Inc., Boston Trust Walden Corp, Panagora Asset Management Inc. and Schroder Investment Management Group. Company insiders that have sold Tech Data company stock in the last year include Beth E Simonetti, Charles E Adair, Charles V Dannewitz, David R Vetter, Harry J Harczak Jr, John A Tonnison, Joseph H Quaglia, Michael Rabinovitch, Patrick Zammit, Robert M Dutkowsky and Thomas I Morgan. View Insider Buying and Selling for Tech Data.

TECD stock was purchased by a variety of institutional investors in the last quarter, including Gabelli Funds LLC, UBS Group AG, CNH Partners LLC, Water Island Capital LLC, Bank of America Corp DE, IndexIQ Advisors LLC, Beryl Capital Management LLC and Marshall Wace LLP. View Insider Buying and Selling for Tech Data.

Shares of TECD can be purchased through any online brokerage account. Popular online brokerages with access to the U.S. stock market include Vanguard Brokerage Services, TD Ameritrade, E*TRADE, Robinhood, Fidelity and Charles Schwab.

One share of TECD stock can currently be purchased for approximately $144.14.

Tech Data has a market capitalization of $5.11 billion and generates $37.24 billion in revenue each year. The company earns $340.58 million in net income (profit) each year or $11.38 on an earnings per share basis. Tech Data employs 14,000 workers across the globe.View Additional Information About Tech Data.

The official website for Tech Data is http://www.techdata.com/.

Tech Data's mailing address is 5350 TECH DATA DRIVE, CLEARWATER FL, 33760. The company can be reached via phone at 727-539-7429 or via email at [email protected]