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 initiated a stock 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 reacquire up to 7.3% of its stock through open market purchases. Stock repurchase plans are often a sign that the company's management believes its shares are undervalued.

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

Tech Data is scheduled to release their next quarterly earnings announcement on Thursday, March 7th 2019. View Earnings Estimates for Tech Data.

Tech Data will be holding an earnings conference call on Thursday, March 7th at 9:00 AM Eastern. Interested parties can register for or listen to the call using this link or dial in at 8778693847.

Tech Data updated its fourth quarter earnings guidance on Thursday, November, 29th. The company provided 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 equities research analysts have issued 1 year target prices for Tech Data's shares. Their predictions range from $80.00 to $127.00. On average, they anticipate Tech Data's stock price to reach $102.8333 in the next twelve months. This suggests that the stock has a possible downside of 3.6%. 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 headlines about TECD stock have been trending somewhat positive recently, according to InfoTrie. InfoTrie ranks the sentiment of media 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 positive five, with scores nearest to five being the most favorable. Tech Data earned a news impact score of 1.7 on InfoTrie's scale. They also gave media stories about the company a news buzz of 10.0 out of 10, indicating that recent media coverage is extremely likely to have an impact on the stock's share price in the immediate future.

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), Speed Commerce (SPDC), Applied Visual Sciences (APVS) and SED International (SEDN).

Based on aggregate information from My MarketBeat watchlists, some companies that other Tech Data investors own include Alibaba Group (BABA), AbbVie (ABBV), Walt Disney (DIS), UnitedHealth Group (UNH), Bristol-Myers Squibb (BMY), Walmart (WMT), Cisco Systems (CSCO), Citigroup (C), Southwest Airlines (LUV) and Nucor (NUE).

Tech Data's stock is owned by a number of of retail and institutional investors. Top institutional shareholders include BlackRock Inc. (11.98%), Dimensional Fund Advisors LP (8.58%), LSV Asset Management (4.61%), Macquarie Group Ltd. (2.47%), Bank of New York Mellon Corp (2.44%) and Northern Trust Corp (1.89%). 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 Victory Capital Management Inc., Assenagon Asset Management S.A., Prudential Financial Inc., LSV Asset Management, Comerica Bank, Acadian Asset Management LLC, Hsbc Holdings PLC and KBC Group NV. 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 Brandywine Global Investment Management LLC, Two Sigma Advisers LP, Millennium Management LLC, Raymond James & Associates, BlackRock Inc., Bank of America Corp DE, Two Sigma Investments LP and River Road Asset Management LLC. 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 $106.68.

Tech Data has a market capitalization of $3.98 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]