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 of Directors has initiated a stock buyback plan on Tuesday, October 2nd 2018, which permits the company to repurchase $200,000,000.00 in shares, according to EventVestor. This repurchase authorization permits the company to purchase up to 7.3% of its stock through open market purchases. Stock repurchase plans are often a sign that the company's board believes its stock is undervalued.

Tech Data Corp (NASDAQ:TECD) issued its quarterly earnings data on Thursday, November, 29th. The company reported $3.02 earnings per share for the quarter, beating the consensus estimate of $2.17 by $0.85. The firm had revenue of $9.34 billion for the quarter, compared to analyst estimates of $8.92 billion. Tech Data had a return on equity of 13.92% and a net margin of 0.59%. Tech Data's quarterly revenue was up 10.6% compared to the same quarter last year. During the same quarter in the previous year, the company earned $2.00 EPS. View Tech Data's Earnings History.

Tech Data is scheduled to release their next quarterly earnings announcement on Thursday, March 14th 2019. View Earnings Estimates for Tech Data.

Tech Data issued an update on its fourth quarter earnings guidance on Thursday, November, 29th. The company provided earnings per share (EPS) guidance of $3.90-4.20 for the period, compared to the Thomson Reuters consensus earnings per share estimate of $3.77. The company issued revenue guidance of $10.5-10.9 billion, compared to the consensus revenue estimate of $10.28 billion.Tech Data also updated its Q4 2019 guidance to $3.90-4.20 EPS.

6 brokers have issued 12-month price targets for Tech Data's stock. Their predictions range from $80.00 to $127.00. On average, they expect Tech Data's share price to reach $102.8333 in the next year. This suggests a possible upside of 12.7% from the stock's current price. View Analyst Price Targets for Tech Data.

6 Wall Street analysts have issued "buy," "hold," and "sell" ratings for Tech Data in the last year. There are currently 1 sell rating, 1 hold rating and 4 buy ratings for the stock, resulting in a consensus recommendation of "Buy." View Analyst Ratings for Tech Data.

News coverage about TECD stock has trended negative this week, according to InfoTrie Sentiment Analysis. InfoTrie identifies negative and positive 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 -5 to 5, with scores nearest to five being the most favorable. Tech Data earned a news impact score of -2.1 on InfoTrie's scale. They also assigned media stories 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 company's share price in the near term.

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), Speed Commerce (SPDC) and SED International (SEDN).

Tech Data's stock is owned by a number of of retail and institutional investors. Top institutional investors include Peregrine Capital Management LLC (0.92%), BTIM Corp. (0.78%), Assenagon Asset Management S.A. (0.14%), Retirement Systems of Alabama (0.13%), Bank of Montreal Can (0.13%) and Nisa Investment Advisors LLC (0.07%). Company insiders that own Tech Data stock include Alain Amsellem, Beth E Simonetti, Charles E Adair, Charles V Dannewitz, David R Vetter, Harry J Harczak, Jr, Jeffrey Louis Taylor, John A Tonnison, Joseph B Trepani, Joseph H Quaglia, Richard T Hume and Robert M Dutkowsky. View Institutional Ownership Trends for Tech Data.

TECD stock was sold by a variety of institutional investors in the last quarter, including Assenagon Asset Management S.A., Peregrine Capital Management LLC, BTIM Corp., Strs Ohio, Retirement Systems of Alabama, Meeder Asset Management Inc., Louisiana State Employees Retirement System and Nisa Investment Advisors LLC. Company insiders that have sold Tech Data company stock in the last year include Beth E Simonetti, Charles E Adair, John A Tonnison and Robert M Dutkowsky. View Insider Buying and Selling for Tech Data.

TECD stock was purchased by a variety of institutional investors in the last quarter, including Empirical Finance LLC, James Investment Research Inc., Virtu Financial LLC, Bank of Montreal Can, Fox Run Management L.L.C. and First Hawaiian Bank. 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 $91.21.

Tech Data has a market capitalization of $3.40 billion and generates $36.78 billion in revenue each year. The company earns $116.64 million in net income (profit) each year or $9.11 on an earnings per share basis. Tech Data employs 14,000 workers across the globe.

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]