Tech Data Corp (TECD) Receives $95.00 Average PT from Analysts

Shares of Tech Data Corp (NASDAQ:TECD) have received an average rating of “Hold” from the eight ratings firms that are covering the stock, MarketBeat.com reports. One investment analyst has rated the stock with a sell recommendation, four have assigned a hold recommendation and two have given a buy recommendation to the company. The average 12-month target price among analysts that have covered the stock in the last year is $95.00.

Several research analysts recently weighed in on the company. BidaskClub cut Tech Data from a “strong-buy” rating to a “buy” rating in a research report on Friday, March 1st. Zacks Investment Research cut Tech Data from a “buy” rating to a “hold” rating in a research report on Friday, February 8th. Needham & Company LLC lifted their price target on Tech Data to $110.00 and gave the company a “buy” rating in a research report on Friday, November 30th. ValuEngine upgraded Tech Data from a “sell” rating to a “hold” rating in a research report on Friday, November 30th. Finally, TheStreet upgraded Tech Data from a “c+” rating to a “b-” rating in a research report on Thursday, December 13th.

Tech Data stock opened at $102.41 on Wednesday. The company has a debt-to-equity ratio of 0.44, a current ratio of 1.24 and a quick ratio of 0.86. Tech Data has a 52 week low of $66.93 and a 52 week high of $108.29. The stock has a market cap of $3.70 billion, a P/E ratio of 8.78, a PEG ratio of 3.92 and a beta of 0.96.

Tech Data (NASDAQ:TECD) last released its earnings results on Thursday, March 7th. The company reported $4.55 EPS for the quarter, topping the Zacks’ consensus estimate of $4.03 by $0.52. Tech Data had a return on equity of 15.17% and a net margin of 0.91%. The firm had revenue of $10.47 billion during the quarter, compared to the consensus estimate of $10.63 billion. During the same quarter in the previous year, the company posted $3.50 earnings per share. The company’s revenue was up 4.3% compared to the same quarter last year. On average, equities analysts anticipate that Tech Data will post 11.72 EPS for the current fiscal year.

In other news, Director Robert M. Dutkowsky sold 10,000 shares of the business’s stock in a transaction that occurred on Friday, January 11th. The stock was sold at an average price of $91.02, for a total value of $910,200.00. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is available through the SEC website. Also, CFO Charles V. Dannewitz sold 3,000 shares of the business’s stock in a transaction that occurred on Thursday, March 21st. The shares were sold at an average price of $104.53, for a total value of $313,590.00. Following the completion of the sale, the chief financial officer now owns 28,241 shares of the company’s stock, valued at $2,952,031.73. The disclosure for this sale can be found here. Insiders sold 33,125 shares of company stock valued at $3,259,597 over the last 90 days. Company insiders own 1.10% of the company’s stock.

Several institutional investors have recently bought and sold shares of the company. BlackRock Inc. increased its position in shares of Tech Data by 2.1% in the fourth quarter. BlackRock Inc. now owns 4,472,444 shares of the company’s stock valued at $365,890,000 after buying an additional 93,303 shares in the last quarter. Vanguard Group Inc. increased its position in shares of Tech Data by 2.4% in the third quarter. Vanguard Group Inc. now owns 3,473,612 shares of the company’s stock valued at $248,607,000 after buying an additional 81,529 shares in the last quarter. Vanguard Group Inc increased its position in shares of Tech Data by 2.4% in the third quarter. Vanguard Group Inc now owns 3,473,612 shares of the company’s stock valued at $248,607,000 after buying an additional 81,529 shares in the last quarter. Dimensional Fund Advisors LP boosted its stake in shares of Tech Data by 1.1% in the fourth quarter. Dimensional Fund Advisors LP now owns 3,200,146 shares of the company’s stock worth $261,803,000 after acquiring an additional 34,598 shares during the last quarter. Finally, Lyrical Asset Management LP boosted its stake in shares of Tech Data by 0.3% in the third quarter. Lyrical Asset Management LP now owns 1,720,884 shares of the company’s stock worth $123,164,000 after acquiring an additional 4,304 shares during the last quarter. Institutional investors and hedge funds own 97.98% of the company’s stock.

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.

Further Reading: What is the strike price in options trading?

Receive News & Ratings for Tech Data Daily - Enter your email address below to receive a concise daily summary of the latest news and analysts' ratings for Tech Data and related companies with MarketBeat.com's FREE daily email newsletter.