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

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 authorizes the company to repurchase $200,000,000.00 in shares, according to EventVestor. This repurchase authorization authorizes the company to reacquire up to 7.3% of its shares through open market purchases. Shares repurchase programs are usually a sign that the company's management believes its shares are undervalued.

Tech Data Corp (NASDAQ:TECD) posted its quarterly earnings results on Thursday, May, 30th. The company reported $2.04 earnings per share for the quarter, topping the Zacks' consensus estimate of $1.98 by $0.06. The business had revenue of $8.41 billion for the quarter, compared to analyst estimates of $8.45 billion. Tech Data had a net margin of 0.98% and a return on equity of 15.28%. Tech Data's revenue for the quarter was down 1.7% compared to the same quarter last year. During the same period in the prior year, the business posted $1.84 earnings per share. View Tech Data's Earnings History.

Tech Data is scheduled to release their next quarterly earnings announcement on Thursday, August 29th 2019. View Earnings Estimates for Tech Data.

Tech Data will be holding an earnings conference call on Thursday, August 29th at 9:00 AM Eastern. Interested parties can register for or listen to the call using this link or dial in at 8774073980.

Tech Data issued an update on its second quarter earnings guidance on Thursday, May, 30th. The company provided EPS guidance of $2.15-2.45 for the period, compared to the Thomson Reuters consensus EPS estimate of $2.29. The company issued revenue guidance of $8.6-8.9 billion, compared to the consensus revenue estimate of $8.95 billion.

4 equities research analysts have issued 1 year price objectives for Tech Data's shares. Their forecasts range from $80.00 to $110.00. On average, they expect Tech Data's share price to reach $98.75 in the next twelve months. This suggests a possible upside of 9.3% from the stock's current price. 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 1 sell rating, 2 hold ratings and 1 buy rating for the stock, resulting in a consensus recommendation of "Hold." View Analyst Ratings for Tech Data.

News coverage about TECD stock has been trending positive recently, InfoTrie Sentiment reports. The research firm identifies positive and negative news coverage by monitoring more than six thousand news and blog sources in real time. The firm ranks coverage of public companies on a scale of negative five to positive five, with scores nearest to five being the most favorable. Tech Data earned a media sentiment score of 2.5 on InfoTrie's scale. They also assigned media headlines about the company a news buzz of 6.0 out of 10, meaning that recent news coverage is somewhat likely to have an impact on the company's share price in the next few days. View News Stories for Tech Data.

Tech Data saw a decrease in short interest in July. As of July 15th, there was short interest totalling 1,813,600 shares, a decrease of 6.6% from the June 15th total of 1,942,300 shares. Based on an average daily trading volume, of 280,500 shares, the days-to-cover ratio is currently 6.5 days. Currently, 4.9% of the company's shares are short sold. View Tech Data's Current Options Chain.

Some companies that are related to Tech Data include SYNNEX (SNX), KINGDEE INTL SO/ADR (KGDEY), Presidio (PSDO), ePlus (PLUS), ScanSource (SCSC), Wayside Technology Group (WSTG), Applied Visual Sciences (APVS) and Speed Commerce (SPDC).

Based on aggregate information from My MarketBeat watchlists, some companies that other Tech Data investors own include Alibaba Group (BABA), NVIDIA (NVDA), AbbVie (ABBV), salesforce.com (CRM), AT&T (T), Walt Disney (DIS), Cisco Systems (CSCO), Oracle (ORCL), Adobe (ADBE) and Activision Blizzard (ATVI).

Tech Data's stock is owned by many different of retail and institutional investors. Top institutional shareholders include BlackRock Inc. (12.35%), Vanguard Group Inc. (10.56%), AQR Capital Management LLC (5.22%), LSV Asset Management (4.61%), Lyrical Asset Management LP (4.32%) and JPMorgan Chase & Co. (3.80%). 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, Richard T Hume, 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 Bank of New York Mellon Corp, Man Group plc, AQR Capital Management LLC, Foundry Partners LLC, Lyrical Asset Management LP, Stone Ridge Asset Management LLC, LSV Asset Management and Wells Fargo & Company MN. 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 Nuveen Asset Management LLC, JPMorgan Chase & Co., Invesco Ltd., Vanguard Group Inc., Grantham Mayo Van Otterloo & Co. LLC, CCM Investment Advisers LLC, APG Asset Management N.V. and Prudential Financial Inc.. 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, Scottrade, Fidelity and Charles Schwab.

One share of TECD stock can currently be purchased for approximately $90.34.

Tech Data has a market capitalization of $3.30 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]