NASDAQ:TECDTech Data Stock Price, Forecast & News

Tech Data's stock was trading at $138.45 on March 11th, 2020 when COVID-19 reached pandemic status according to the World Health Organization. Since then, TECD stock has decreased by 4.5% and is now trading at $132.24. View which stocks have been most impacted by Coronavirus.

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.

Tech Data is scheduled to release its next quarterly earnings announcement on Thursday, May 28th 2020. View our earnings forecast for Tech Data.

Tech Data Corp (NASDAQ:TECD) issued its earnings results on Thursday, March, 5th. The company reported $4.88 earnings per share for the quarter, topping the Zacks' consensus estimate of $4.82 by $0.06. The firm earned $10.38 billion during the quarter, compared to the consensus estimate of $10.38 billion. Tech Data had a return on equity of 15.43% and a net margin of 1.01%. The company's revenue was down .8% on a year-over-year basis. During the same period in the previous year, the company posted $4.55 EPS. View Tech Data's earnings history.

Tech Data declared that its board has initiated a stock repurchase program on Tuesday, October 2nd 2018, which allows the company to repurchase $200,000,000.00 in outstanding shares, according to EventVestor. This repurchase authorization allows the company to repurchase up to 7.3% of its shares through open market purchases. Shares repurchase programs are often a sign that the company's board of directors believes its shares are undervalued.

3 brokers have issued 12-month target prices for Tech Data's shares. Their forecasts range from $100.00 to $150.00. On average, they expect Tech Data's share price to reach $131.67 in the next twelve months. This suggests that the stock has a possible downside of 0.4%. View analysts' price targets for Tech Data.

News stories about TECD stock have been trending somewhat negative on Tuesday, InfoTrie Sentiment reports. The research group identifies positive and negative press coverage by monitoring more than six thousand news and blog sources in real time. The firm ranks coverage of public 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 0.0 out of 10, meaning that recent press coverage is extremely unlikely to have an impact on the company's share price in the immediate future. View the latest news aboutTech Data.

Tech Data saw a increase in short interest in the month of 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 short-interest ratio is presently 1.6 days. Approximately 3.7% of the shares of the company are sold short. View Tech Data's Current Options Chain.

Some companies that are related to Tech Data include Arrow Electronics (ARW), SYNNEX (SNX), Anixter International (AXE), Avnet (AVT), Insight Enterprises (NSIT), PC Connection (CNXN), ScanSource (SCSC), Agilysys (AGYS) and Richardson Electronics (RELL). View all competitors.

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).

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

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.

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.

TECD stock was bought 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.

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 $132.24.

Tech Data has a market capitalization of $4.69 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.

The official website for Tech Data is 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]