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

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

Tech Data announced that its board has approved a stock repurchase plan on Tuesday, October 2nd 2018, which allows the company to buyback $200,000,000.00 in outstanding shares, according to EventVestor. This buyback authorization allows the company to purchase up to 7.3% of its shares through open market purchases. Shares buyback plans are usually a sign that the company's board of directors believes its stock is undervalued.

Tech Data Corp (NASDAQ:TECD) announced its earnings results on Tuesday, November, 26th. The company reported $3.02 earnings per share for the quarter, beating analysts' consensus estimates of $2.99 by $0.03. The firm had revenue of $9.12 billion for the quarter, compared to the consensus estimate of $9.37 billion. Tech Data had a net margin of 0.92% and a return on equity of 15.52%. Tech Data's quarterly revenue was down 2.4% compared to the same quarter last year. During the same quarter in the prior year, the business 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 equities research analysts have issued twelve-month target prices for Tech Data's shares. Their forecasts range from $100.00 to $150.00. On average, they expect Tech Data's share price to reach $117.50 in the next year. 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.

News stories about TECD stock have been trending negative recently, InfoTrie Sentiment Analysis reports. The research group scores the sentiment of press coverage by reviewing more than six thousand blog and news sources in real-time. The firm ranks coverage of companies on a scale of -5 to 5, with scores closest to five being the most favorable. Tech Data earned a news impact score of -2.2 on InfoTrie's scale. They also gave news articles about the company a news buzz of 0.0 out of 10, indicating that recent press coverage is extremely unlikely to have an effect on the stock's share price in the immediate future. View News Stories for Tech Data.

Tech Data saw a drop in short interest in the month of December. As of December 31st, there was short interest totalling 1,130,000 shares, a drop of 12.4% from the December 15th total of 1,290,000 shares. Based on an average daily trading volume, of 642,600 shares, the short-interest ratio is presently 1.8 days. Currently, 3.2% of the company's shares are sold short. 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), ScanSource (SCSC), Agilysys (AGYS) 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), Starbucks (SBUX), salesforce.com (CRM), Walt Disney (DIS) and Activision Blizzard (ATVI).

Tech Data's stock is owned by a number of of retail and institutional investors. Top institutional investors include Boston Trust Walden Corp (0.37%), Syquant Capital Sas (0.29%), Vertex One Asset Management Inc. (0.28%), Nisa Investment Advisors LLC (0.08%), Hennessy Advisors Inc. (0.07%) and Alpine Global Management LLC (0.06%). 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 Boston Trust Walden Corp, Janney Montgomery Scott LLC, Bowling Portfolio Management LLC, Hennessy Advisors Inc., Alpha Windward LLC and State of Alaska Department of Revenue. 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 bought by a variety of institutional investors in the last quarter, including Syquant Capital Sas, Vertex One Asset Management Inc., Alpine Global Management LLC, Cerebellum GP LLC, Janney Capital Management LLC, Paulson Wealth Management Inc., Zurcher Kantonalbank Zurich Cantonalbank and Carroll Financial Associates 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, Robinhood, Fidelity and Charles Schwab.

One share of TECD stock can currently be purchased for approximately $144.16.

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]