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 repurchase program on Tuesday, October 2nd 2018, which authorizes the company to buyback $200,000,000.00 in shares, according to EventVestor. This buyback authorization authorizes the company to reacquire up to 7.3% of its shares through open market purchases. Shares buyback programs are usually a sign that the company's leadership believes its shares are undervalued.

Tech Data Corp (NASDAQ:TECD) announced its quarterly earnings data on Thursday, March, 7th. The company reported $4.55 EPS for the quarter, topping the consensus estimate of $4.03 by $0.52. The business had revenue of $10.47 billion for the quarter, compared to the consensus estimate of $10.63 billion. Tech Data had a return on equity of 15.17% and a net margin of 0.91%. The business's revenue for the quarter was up 4.3% on a year-over-year basis. During the same period last year, the company earned $3.50 EPS. View Tech Data's Earnings History.

Tech Data is scheduled to release their next quarterly earnings announcement on Thursday, May 30th 2019. View Earnings Estimates for Tech Data.

Tech Data updated its first quarter earnings guidance on Thursday, March, 7th. The company provided earnings per share guidance of $1.80-2.10 for the period, compared to the Thomson Reuters consensus estimate of $2.04. The company issued revenue guidance of $8.3-8.6 billion, compared to the consensus revenue estimate of $8.69 billion.Tech Data also updated its Q1 2020 guidance to $1.80-2.10 EPS.

4 analysts have issued twelve-month price objectives for Tech Data's stock. Their predictions range from $80.00 to $110.00. On average, they expect Tech Data's stock price to reach $95.00 in the next twelve months. This suggests that the stock has a possible downside of 8.4%. 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, 1 hold rating and 2 buy ratings for the stock, resulting in a consensus recommendation of "Hold." View Analyst Ratings for Tech Data.

Press coverage about TECD stock has trended negative this week, according to InfoTrie Sentiment. The research firm identifies negative and positive news coverage by analyzing 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 five, with scores closest to five being the most favorable. Tech Data earned a media sentiment score of -2.0 on InfoTrie's scale. They also assigned headlines about the company a news buzz of 4.0 out of 10, meaning that recent news coverage is somewhat unlikely to have an effect on the stock's share price in the next several days.

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), Speed Commerce (SPDC) and SED International (SEDN).

Based on aggregate information from My MarketBeat watchlists, some companies that other Tech Data investors own include Alibaba Group (BABA), AbbVie (ABBV), Walt Disney (DIS), VMware (VMW), UnitedHealth Group (UNH), Bristol-Myers Squibb (BMY), Walmart (WMT), Cisco Systems (CSCO), Citigroup (C) and Southwest Airlines (LUV).

Tech Data's stock is owned by a number of of retail and institutional investors. Top institutional investors include BlackRock Inc. (11.98%), Dimensional Fund Advisors LP (8.58%), LSV Asset Management (4.61%), FMR LLC (4.11%), Macquarie Group Ltd. (2.47%) and Bank of New York Mellon Corp (2.44%). 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 H Quaglia, Michael Rabinovitch, 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 Victory Capital Management Inc., FMR LLC, Assenagon Asset Management S.A., Prudential Financial Inc., LSV Asset Management, Comerica Bank, Acadian Asset Management LLC and Hsbc Holdings PLC. 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, John A Tonnison, Michael Rabinovitch 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 Norges Bank, Brandywine Global Investment Management LLC, Two Sigma Advisers LP, Millennium Management LLC, Raymond James & Associates, BlackRock Inc., Bank of America Corp DE and American Century Companies 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 $103.76.

Tech Data has a market capitalization of $3.87 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.

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]