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

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

Tech Data announced that its board has approved a share buyback program on Tuesday, October 2nd 2018, which permits the company to buyback $200,000,000.00 in outstanding shares, according to EventVestor. This buyback authorization permits the company to purchase up to 7.3% of its stock through open market purchases. Stock buyback programs are usually an indication that the company's board believes its shares are undervalued.

Tech Data Corp (NASDAQ:TECD) posted its quarterly earnings data on Thursday, November, 29th. The company reported $3.02 EPS for the quarter, topping analysts' consensus estimates of $2.17 by $0.85. The company earned $9.34 billion during the quarter, compared to analysts' expectations of $8.92 billion. Tech Data had a return on equity of 13.92% and a net margin of 0.59%. The company's revenue was up 10.6% on a year-over-year basis. During the same quarter in the previous year, the company posted $2.00 earnings per share. View Tech Data's Earnings History.

Tech Data is scheduled to release their next quarterly earnings announcement on Thursday, March 14th 2019. View Earnings Estimates for Tech Data.

Tech Data updated its fourth quarter earnings guidance on Thursday, November, 29th. The company provided earnings per share guidance of $3.90-4.20 for the period, compared to the Thomson Reuters consensus earnings per share estimate of $3.77. The company issued revenue guidance of $10.5-10.9 billion, compared to the consensus revenue estimate of $10.28 billion.Tech Data also updated its Q4 2019 guidance to $3.90-4.20 EPS.

6 brokers have issued 1 year price targets for Tech Data's stock. Their forecasts range from $80.00 to $127.00. On average, they expect Tech Data's share price to reach $102.8333 in the next year. This suggests a possible upside of 10.7% from the stock's current price. View Analyst Price Targets for Tech Data.

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

News coverage about TECD stock has been trending negative this week, InfoTrie Sentiment Analysis reports. The research group scores the sentiment of news coverage by monitoring more than six thousand blog and news sources in real time. The firm ranks coverage of public companies on a scale of negative five to positive five, with scores closest to five being the most favorable. Tech Data earned a news impact score of -2.8 on InfoTrie's scale. They also assigned media coverage about the company a news buzz of 2.0 out of 10, meaning that recent news coverage is very unlikely to have an impact on the stock's share price in the near future.

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), Speed Commerce (SPDC), Applied Visual Sciences (APVS) and SED International (SEDN).

Tech Data's stock is owned by a variety of of institutional and retail investors. Top institutional investors include Peregrine Capital Management LLC (0.92%), BTIM Corp. (0.78%), Retirement Systems of Alabama (0.13%), Nisa Investment Advisors LLC (0.07%), Virtu Financial LLC (0.03%) and Louisiana State Employees Retirement System (0.03%). Company insiders that own Tech Data stock include Alain Amsellem, Beth E Simonetti, Charles E Adair, Charles V Dannewitz, David R Vetter, Harry J Harczak, Jr, Jeffrey Louis Taylor, John A Tonnison, Joseph B Trepani, Joseph H Quaglia, Richard T Hume and Robert M Dutkowsky. View Institutional Ownership Trends for Tech Data.

TECD stock was sold by a variety of institutional investors in the last quarter, including Peregrine Capital Management LLC, BTIM Corp., Retirement Systems of Alabama, Meeder Asset Management Inc., Louisiana State Employees Retirement System and Nisa Investment Advisors LLC. Company insiders that have sold Tech Data company stock in the last year include Beth E Simonetti, Charles E Adair, John A Tonnison and Robert M Dutkowsky. View Insider Buying and Selling for Tech Data.

TECD stock was acquired by a variety of institutional investors in the last quarter, including Virtu Financial LLC, Fox Run Management L.L.C. and First Hawaiian Bank. 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 $92.91.

Tech Data has a market capitalization of $3.43 billion and generates $36.78 billion in revenue each year. The company earns $116.64 million in net income (profit) each year or $9.11 on an earnings per share basis. Tech Data employs 14,000 workers across the globe.

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]