Tech Data Corp (NASDAQ:TECD) has earned a consensus rating of “Buy” from the ten research firms that are covering the firm, Marketbeat.com reports. One research analyst has rated the stock with a sell recommendation, three have issued a hold recommendation, four have issued a buy recommendation and one has issued a strong buy recommendation on the company. The average 1-year price target among brokerages that have issued ratings on the stock in the last year is $102.83.
Several equities research analysts have weighed in on TECD shares. TheStreet raised shares of Tech Data from a “c+” rating to a “b-” rating in a research note on Thursday, December 13th. Needham & Company LLC lifted their price target on shares of Tech Data to $110.00 and gave the company a “buy” rating in a research note on Friday, November 30th. BidaskClub raised shares of Tech Data from a “buy” rating to a “strong-buy” rating in a research note on Tuesday, January 15th. ValuEngine raised shares of Tech Data from a “strong sell” rating to a “sell” rating in a research note on Friday, November 16th. Finally, Zacks Investment Research raised shares of Tech Data from a “hold” rating to a “buy” rating and set a $108.00 price target for the company in a research note on Monday, February 4th.
Get Tech Data alerts:TECD stock traded up $0.33 during midday trading on Tuesday, hitting $100.39. The stock had a trading volume of 284,162 shares, compared to its average volume of 380,647. The firm has a market cap of $3.68 billion, a price-to-earnings ratio of 11.02, a PEG ratio of 0.98 and a beta of 0.96. The company has a quick ratio of 0.85, a current ratio of 1.24 and a debt-to-equity ratio of 0.46. Tech Data has a 1-year low of $66.93 and a 1-year high of $108.62.
Tech Data (NASDAQ:TECD) last posted its quarterly earnings results 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. Tech Data had a net margin of 0.59% and a return on equity of 13.92%. The firm had revenue of $9.34 billion during the quarter, compared to the consensus estimate of $8.92 billion. During the same period in the previous year, the firm posted $2.00 earnings per share. The business’s revenue was up 10.6% compared to the same quarter last year. Research analysts expect that Tech Data will post 10.94 earnings per share for the current year.
In other Tech Data news, Director Robert M. Dutkowsky sold 10,000 shares of Tech Data stock in a transaction on Friday, January 11th. The shares were sold at an average price of $91.02, for a total value of $910,200.00. The transaction was disclosed in a filing with the Securities & Exchange Commission, which can be accessed through the SEC website. Also, Director Charles E. Adair sold 2,715 shares of the business’s stock in a transaction dated Monday, December 3rd. The stock was sold at an average price of $90.72, for a total transaction of $246,304.80. The disclosure for this sale can be found here. Over the last ninety days, insiders sold 18,307 shares of company stock valued at $1,646,157. Insiders own 1.10% of the company’s stock.
Several large investors have recently bought and sold shares of the company. JOYN Advisors Inc. increased its position in shares of Tech Data by 43.5% during the fourth quarter. JOYN Advisors Inc. now owns 511 shares of the company’s stock worth $42,000 after acquiring an additional 155 shares in the last quarter. Great West Life Assurance Co. Can increased its position in shares of Tech Data by 11.6% during the fourth quarter. Great West Life Assurance Co. Can now owns 26,203 shares of the company’s stock worth $1,999,000 after acquiring an additional 2,729 shares in the last quarter. O Shaughnessy Asset Management LLC bought a new stake in shares of Tech Data during the fourth quarter worth about $373,000. State of Tennessee Treasury Department increased its position in shares of Tech Data by 41.2% during the fourth quarter. State of Tennessee Treasury Department now owns 110,332 shares of the company’s stock worth $9,026,000 after acquiring an additional 32,193 shares in the last quarter. Finally, Rafferty Asset Management LLC bought a new stake in shares of Tech Data during the fourth quarter worth about $546,000. 97.09% of the stock is owned by institutional investors.
About Tech Data
Tech Data Corporation engages in the wholesale distribution of technology products. It offers endpoint portfolio solutions, including PC systems, mobile phones and accessories, printers, peripherals, supplies, endpoint technology software, and consumer electronics; and advanced portfolio solutions, such as storage, networking, servers, advanced technology software, and converged and hyper-converged infrastructure, as well as specialized solutions.
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