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NASDAQ:TECDTech Data Stock Price, Forecast & News

$136.24
-2.91 (-2.09 %)
(As of 05/29/2020 04:00 PM ET)
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Today's Range
$135.40
Now: $136.24
$139.47
50-Day Range
$127.77
MA: $137.48
$140.64
52-Week Range
$80.20
Now: $136.24
$151.47
Volume896,115 shs
Average Volume575,759 shs
Market Capitalization$4.84 billion
P/E Ratio13.40
Dividend YieldN/A
Beta0.94
Tech Data Corporation operates as an IT distribution and solutions company. The company offers endpoint portfolio solutions, including personal computer systems, mobile phones and accessories, printers, peripherals, supplies, endpoint technology software, and consumer electronics. It also provides advanced portfolio solutions, such as data center technologies comprising storage, networking, servers, advanced technology software, and converged and hyper-converged infrastructure, as well as specialized solutions. The company serves value-added resellers, direct marketers, retailers, corporate resellers, and managed service providers. It sells its products to customers in approximately 100 countries in North America, South America, Europe, the Middle East, Africa, and the Asia-Pacific region. The company was founded in 1974 and is headquartered in Clearwater, Florida.
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Beat the Market (BTM) Rank

Analyst Opinion: 1.3Community Rank: 2.3Dividend Strength: 0.0Insider Behavior: 1.0Valuation: 1.9 5 -4 -3 -2 -1 -

Overall Beat the Market Rank

1.30 out of 5 stars


Industry, Sector and Symbol

Industry Computers, peripherals, & software
Sub-IndustryTechnology Distributors
Current SymbolNASDAQ:TECD
CUSIP87823710
Phone727-539-7429

Debt

Price-To-Earnings

Sales & Book Value

Annual Sales$37.00 billion
Cash Flow$17.27 per share
Book Value$87.51 per share

Profitability

Net Income$374.50 million

Miscellaneous

Employees15,000
Market Cap$4.84 billion
Next Earnings Date9/3/2020 (Estimated)
OptionableOptionable

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Tech Data (NASDAQ:TECD) Frequently Asked Questions

How has Tech Data's stock been impacted by COVID-19 (Coronavirus)?

Tech Data's stock was trading at $138.45 on March 11th, 2020 when Coronavirus reached pandemic status according to the World Health Organization. Since then, TECD stock has decreased by 1.6% and is now trading at $136.24. View which stocks have been most impacted by Coronavirus.

Do Wall Street analysts recommend investors buy shares of Tech Data?

3 Wall Street analysts have issued "buy," "hold," and "sell" ratings for Tech Data in the last year. There are currently 1 hold rating and 2 buy ratings for the stock, resulting in a consensus recommendation of "Buy." View analyst ratings for Tech Data.

When is Tech Data's next earnings date?

Tech Data is scheduled to release its next quarterly earnings announcement on Thursday, September 3rd 2020. View our earnings forecast for Tech Data.

How were Tech Data's earnings last quarter?

Tech Data Corp (NASDAQ:TECD) posted its earnings results on Thursday, May, 28th. The company reported $2.22 EPS for the quarter, beating analysts' consensus estimates of $1.38 by $0.84. The business earned $8.18 billion during the quarter, compared to the consensus estimate of $7.70 billion. Tech Data had a net margin of 1.00% and a return on equity of 15.32%. The firm's quarterly revenue was down 2.8% compared to the same quarter last year. During the same quarter last year, the business earned $2.04 earnings per share. View Tech Data's earnings history.

How will Tech Data's stock buyback program work?

Tech Data declared that its board has initiated a share repurchase program on Tuesday, October 2nd 2018, which authorizes the company to repurchase $200,000,000.00 in outstanding shares, according to EventVestor. This repurchase authorization authorizes the company to purchase up to 7.3% of its stock through open market purchases. Stock repurchase programs are generally an indication that the company's leadership believes its shares are undervalued.

What price target have analysts set for TECD?

3 Wall Street analysts have issued 1-year target prices for Tech Data's shares. Their forecasts range from $100.00 to $150.00. On average, they anticipate Tech Data's share price to reach $131.67 in the next year. This suggests that the stock has a possible downside of 3.4%. View analysts' price targets for Tech Data.

Has Tech Data been receiving favorable news coverage?

Media stories about TECD stock have trended somewhat negative recently, InfoTrie Sentiment Analysis reports. The research firm identifies positive and negative media coverage by analyzing more than six thousand blog and news sources. The firm ranks coverage of publicly-traded companies on a scale of -5 to 5, with scores nearest to five being the most favorable. Tech Data earned a news sentiment score of -1.0 on InfoTrie's scale. They also assigned news articles 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 next few days. View the latest news aboutTech Data.

Are investors shorting Tech Data?

Tech Data saw a increase in short interest in May. As of May 15th, there was short interest totaling 1,280,000 shares, an increase of 26.7% from the April 30th total of 1,010,000 shares. Based on an average daily volume of 788,600 shares, the days-to-cover ratio is currently 1.6 days. Currently, 3.7% of the company's shares are sold short. View Tech Data's Current Options Chain.

Who are some of Tech Data's key competitors?

What other stocks do shareholders of Tech Data own?

Based on aggregate information from My MarketBeat watchlists, some companies that other Tech Data investors own include AbbVie (ABBV), NVIDIA (NVDA), Alibaba Group (BABA), Bristol-Myers Squibb (BMY), Walt Disney (DIS), Micron Technology (MU), AT&T (T), Advanced Micro Devices (AMD), CVS Health (CVS) and Bank of America (BAC).

Who are Tech Data's key executives?

Tech Data's management team includes the following people:
  • Mr. Robert M. Dutkowsky, Exec. Chairman (Age 64)
  • Mr. Richard T. Hume, CEO & Director (Age 59)
  • Mr. Charles V. Dannewitz, Exec. VP & CFO (Age 64)
  • Mr. David R. Vetter, Exec. VP & Chief Legal Officer (Age 59)
  • Mr. Joseph H. Quaglia, Pres of the Americas (Age 54)

What is Tech Data's stock symbol?

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

Who are Tech Data's major shareholders?

Tech Data's stock is owned by a variety of retail and institutional investors. Top institutional shareholders include BlackRock Inc. (11.86%), State Street Corp (3.39%), Water Island Capital LLC (2.60%), Alpine Associates Management Inc. (2.30%), Morgan Stanley (2.02%) and Morgan Stanley (2.02%). 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.

Which institutional investors are selling Tech Data stock?

TECD stock was sold by a variety of institutional investors in the last quarter, including AQR Capital Management LLC, Deutsche Bank AG, APG Asset Management N.V., APG Asset Management N.V., BlackRock Inc., Wells Fargo & Company MN, UBS Group AG, and Glazer Capital LLC. Company insiders that have sold Tech Data company stock in the last year include Beth E Simonetti, Charles V Dannewitz, Harry J Harczak Jr, John A Tonnison, Michael Rabinovitch, Robert M Dutkowsky, and Thomas I Morgan. View insider buying and selling activity for Tech Data.

Which institutional investors are buying Tech Data stock?

TECD stock was acquired by a variety of institutional investors in the last quarter, including Water Island Capital LLC, Pentwater Capital Management LP, Beryl Capital Management LLC, Grantham Mayo Van Otterloo & Co. LLC, Syquant Capital Sas, Alyeska Investment Group L.P., Citigroup Inc., and York Capital Management Global Advisors LLC. View insider buying and selling activity for Tech Data.

How do I buy shares of 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.

What is Tech Data's stock price today?

One share of TECD stock can currently be purchased for approximately $136.24.

How big of a company is Tech Data?

Tech Data has a market capitalization of $4.84 billion and generates $37.00 billion in revenue each year. The company earns $374.50 million in net income (profit) each year or $12.58 on an earnings per share basis. Tech Data employs 15,000 workers across the globe.

What is Tech Data's official website?

The official website for Tech Data is www.techdata.com.

How can I contact Tech Data?

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]

This page was last updated on 5/31/2020 by MarketBeat.com Staff

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