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

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

Tech Data declared that its Board of Directors has approved a share repurchase program on Tuesday, October 2nd 2018, which allows the company to repurchase $200,000,000.00 in shares, according to EventVestor. This repurchase authorization allows the company to reacquire up to 7.3% of its shares through open market purchases. Shares repurchase programs are typically a sign that the company's leadership 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, topping the consensus estimate of $2.99 by $0.03. The company earned $9.12 billion during 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%. The firm's revenue for the quarter was down 2.4% compared to the same quarter last year. During the same period in the previous year, the firm 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 12 month target prices for Tech Data's stock. Their forecasts range from $100.00 to $150.00. On average, they anticipate Tech Data's stock price to reach $117.50 in the next twelve months. This suggests that the stock has a possible downside of 18.1%. 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.

Media coverage about TECD stock has been trending extremely positive this week, InfoTrie Sentiment reports. The research group identifies positive and negative media coverage by analyzing more than six thousand blog and news sources in real time. The firm ranks coverage of companies on a scale of negative five to five, with scores nearest to five being the most favorable. Tech Data earned a news sentiment score of 4.3 on InfoTrie's scale. They also gave news coverage about the company a news buzz of 0.0 out of 10, indicating that recent media coverage is extremely unlikely to have an effect on the company's share price in the immediate future. View News Stories for Tech Data.

Tech Data saw a drop in short interest in February. As of February 14th, there was short interest totalling 757,600 shares, a drop of 23.0% from the January 30th total of 983,700 shares. Based on an average daily trading volume, of 683,100 shares, the short-interest ratio is presently 1.1 days. Currently, 2.2% of the company's 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), NVIDIA (NVDA), Alibaba Group (BABA), 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 number 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 bought 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 $143.43.

Tech Data has a market capitalization of $5.08 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]