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 of Directors has initiated a share buyback 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 repurchase up to 7.3% of its stock through open market purchases. Stock repurchase programs are usually a sign that the company's management believes its stock is undervalued.

Tech Data Corp (NASDAQ:TECD) issued its quarterly earnings data on Tuesday, November, 26th. The company reported $3.02 EPS for the quarter, topping analysts' consensus estimates of $2.99 by $0.03. The firm earned $9.12 billion during the quarter, compared to analyst estimates of $9.37 billion. Tech Data had a net margin of 0.92% and a return on equity of 15.52%. Tech Data's revenue for the quarter was down 2.4% on a year-over-year basis. During the same quarter in the previous 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 brokers have issued 12 month target prices for Tech Data's shares. 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 18.4%. 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 3 hold ratings and 1 buy rating for the stock, resulting in a consensus recommendation of "Hold." View Analyst Ratings for Tech Data.

Media headlines about TECD stock have trended very negative on Tuesday, InfoTrie reports. The research group identifies negative and positive press coverage by reviewing more than six thousand blog and news 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 -3.0 on InfoTrie's scale. They also assigned media headlines 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 company's share price in the next several days. View News Stories for Tech Data.

Tech Data saw a decrease in short interest in 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 trading volume, of 637,500 shares, the days-to-cover ratio is currently 1.5 days. Currently, 2.8% of the company's stock are short sold. 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 many different of institutional and retail investors. Top institutional investors 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 $143.95.

Tech Data has a market capitalization of $5.10 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]