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 stock buyback plan on Tuesday, October 2nd 2018, which allows the company to buyback $200,000,000.00 in shares, according to EventVestor. This buyback authorization allows the company to buy up to 7.3% of its shares through open market purchases. Shares buyback plans are generally a sign that the company's leadership believes its shares are undervalued.

Tech Data Corp (NASDAQ:TECD) released its quarterly earnings data on Thursday, May, 30th. The company reported $2.04 EPS for the quarter, beating the consensus estimate of $1.98 by $0.06. The business had revenue of $8.41 billion for the quarter, compared to the consensus estimate of $8.45 billion. Tech Data had a return on equity of 15.28% and a net margin of 0.98%. The company's quarterly revenue was down 1.7% on a year-over-year basis. During the same quarter in the previous year, the firm earned $1.84 EPS. View Tech Data's Earnings History.

Tech Data is scheduled to release their next quarterly earnings announcement on Thursday, August 29th 2019. View Earnings Estimates for Tech Data.

Tech Data will be holding an earnings conference call on Thursday, August 29th at 9:00 AM Eastern. Interested parties can register for or listen to the call using this link or dial in at 8774073980.

Tech Data issued an update on its second quarter earnings guidance on Thursday, May, 30th. The company provided earnings per share guidance of $2.15-2.45 for the period, compared to the Thomson Reuters consensus earnings per share estimate of $2.29. The company issued revenue guidance of $8.6-8.9 billion, compared to the consensus revenue estimate of $8.95 billion.

4 analysts have issued 1 year price targets for Tech Data's stock. Their predictions range from $80.00 to $110.00. On average, they expect Tech Data's share price to reach $98.75 in the next twelve months. This suggests a possible upside of 9.3% from the stock's current price. 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, 2 hold ratings and 1 buy rating for the stock, resulting in a consensus recommendation of "Hold." View Analyst Ratings for Tech Data.

News articles about TECD stock have been trending positive this week, InfoTrie Sentiment reports. The research firm ranks the sentiment of news coverage by reviewing 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 nearest to five being the most favorable. Tech Data earned a coverage optimism score of 2.5 on InfoTrie's scale. They also gave media coverage about the company a news buzz of 6.0 out of 10, meaning that recent news coverage is somewhat likely to have an effect on the stock's share price in the next several days. View News Stories for Tech Data.

Tech Data saw a drop in short interest during the month of July. As of July 15th, there was short interest totalling 1,813,600 shares, a drop of 6.6% from the June 15th total of 1,942,300 shares. Based on an average trading volume of 280,500 shares, the days-to-cover ratio is currently 6.5 days. Approximately 4.9% 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), KINGDEE INTL SO/ADR (KGDEY), Presidio (PSDO), ePlus (PLUS), ScanSource (SCSC), Wayside Technology Group (WSTG), Applied Visual Sciences (APVS) and Speed Commerce (SPDC).

Based on aggregate information from My MarketBeat watchlists, some companies that other Tech Data investors own include Alibaba Group (BABA), NVIDIA (NVDA), AbbVie (ABBV), salesforce.com (CRM), AT&T (T), Walt Disney (DIS), Cisco Systems (CSCO), Oracle (ORCL), Adobe (ADBE) and Activision Blizzard (ATVI).

Tech Data's stock is owned by a number of of institutional and retail investors. Top institutional shareholders include BlackRock Inc. (12.35%), BlackRock Inc. (12.35%), Vanguard Group Inc. (10.56%), AQR Capital Management LLC (5.22%), LSV Asset Management (4.61%) and Lyrical Asset Management LP (4.32%). 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, Richard T Hume, 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 Bank of New York Mellon Corp, Man Group plc, AQR Capital Management LLC, Foundry Partners LLC, Lyrical Asset Management LP, Stone Ridge Asset Management LLC, LSV Asset Management and Wells Fargo & Company MN. 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 Nuveen Asset Management LLC, JPMorgan Chase & Co., Invesco Ltd., Vanguard Group Inc., Grantham Mayo Van Otterloo & Co. LLC, CCM Investment Advisers LLC, APG Asset Management N.V. and Prudential Financial 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 $90.34.

Tech Data has a market capitalization of $3.30 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]