NASDAQ:TECD - Tech Data Stock Price, News, & Analysis

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

Tech Data declared that its board has approved a share repurchase program on Tuesday, October 2nd 2018, which permits the company to buyback $200,000,000.00 in shares, according to EventVestor. This buyback authorization permits the company to purchase up to 7.3% of its shares through open market purchases. Shares buyback programs are often an indication that the company's management believes its shares are 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 Thomson Reuters' consensus estimate of $2.17 by $0.85. The business earned $9.34 billion during the quarter, compared to analysts' expectations of $8.92 billion. Tech Data had a return on equity of 13.92% and a net margin of 0.59%. Tech Data's revenue was up 10.6% compared to the same quarter last year. During the same quarter in the previous year, the business 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 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 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 analysts have issued 12 month target prices for Tech Data's shares. Their predictions range from $80.00 to $127.00. On average, they anticipate Tech Data's share price to reach $102.8333 in the next year. This suggests a possible upside of 11.9% 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 headlines about TECD stock have trended somewhat positive on Tuesday, InfoTrie Sentiment Analysis reports. The research firm ranks the sentiment of press coverage by monitoring more than six thousand news and blog sources in real-time. The firm ranks coverage of publicly-traded companies on a scale of -5 to 5, with scores closest to five being the most favorable. Tech Data earned a news sentiment score of 1.9 on InfoTrie's scale. They also gave media stories about the company a news buzz of 10.0 out of 10, indicating that recent press coverage is extremely likely to have an effect on the stock's share price in the next several days.

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 many different of institutional and retail investors. Top institutional shareholders include Retirement Systems of Alabama (0.13%), Louisiana State Employees Retirement System (0.03%), Fox Run Management L.L.C. (0.01%) and First Hawaiian Bank (0.00%). 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 Retirement Systems of Alabama and Louisiana State Employees Retirement System. 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 acquired by a variety of institutional investors in the last quarter, including 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 $91.87.

Tech Data has a market capitalization of $3.42 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]