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 share buyback plan on Tuesday, October 2nd 2018, which permits the company to repurchase $200,000,000.00 in outstanding shares, according to EventVestor. This repurchase authorization permits the company to repurchase up to 7.3% of its shares through open market purchases. Shares repurchase plans are generally an indication that the company's board believes its stock is undervalued.

Tech Data Corp (NASDAQ:TECD) released its quarterly earnings data on Tuesday, November, 26th. The company reported $3.02 earnings per share for the quarter, beating the consensus estimate of $2.99 by $0.03. The firm had revenue of $9.12 billion for the quarter, compared to analysts' expectations of $9.37 billion. Tech Data had a return on equity of 15.52% and a net margin of 0.92%. The company's revenue for the quarter was down 2.4% on a year-over-year basis. During the same period in the previous year, the firm earned $3.02 EPS. 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 12-month price objectives for Tech Data's stock. 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.

Press coverage about TECD stock has trended negative on Saturday, InfoTrie reports. InfoTrie identifies negative and positive press coverage by monitoring more than six thousand news and blog sources. 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 gave news stories about the company a news buzz of 10.0 out of 10, indicating that recent press coverage is extremely likely to have an impact on the company's share price in the near term. View News Stories for Tech Data.

Tech Data saw a decrease in short interest in the month of January. As of January 31st, there was short interest totalling 983,700 shares, a decrease of 12.9% from the January 15th total of 1,130,000 shares. Based on an average daily volume of 637,500 shares, the short-interest ratio is presently 1.5 days. Currently, 2.8% of the shares of the stock 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), 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 variety of of retail and institutional investors. Top institutional shareholders include State Street Corp (3.42%), LSV Asset Management (2.90%), AQR Capital Management LLC (2.36%), Geode Capital Management LLC (1.52%), Bank of New York Mellon Corp (1.41%) and Prudential Financial Inc. (1.24%). 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 Geode Capital Management LLC. 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 $144.23.

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]