Tech Data Corp (NASDAQ:TECD) VP David R. Vetter sold 2,000 shares of Tech Data stock in a transaction that occurred on Friday, April 12th. The shares were sold at an average price of $110.18, for a total transaction of $220,360.00. The sale was disclosed in a legal filing with the SEC, which can be accessed through this link.
Shares of NASDAQ:TECD opened at $109.02 on Tuesday. The company has a current ratio of 1.24, a quick ratio of 0.86 and a debt-to-equity ratio of 0.44. Tech Data Corp has a 1-year low of $66.93 and a 1-year high of $111.08. The company has a market cap of $4.01 billion, a price-to-earnings ratio of 9.58, a PEG ratio of 4.24 and a beta of 0.96.
Tech Data (NASDAQ:TECD) last issued its quarterly earnings results on Thursday, March 7th. The company reported $4.55 earnings per share for the quarter, beating the consensus estimate of $4.03 by $0.52. Tech Data had a net margin of 0.91% and a return on equity of 15.17%. The business had revenue of $10.47 billion for the quarter, compared to the consensus estimate of $10.63 billion. During the same quarter in the previous year, the firm earned $3.50 earnings per share. The company’s revenue for the quarter was up 4.3% on a year-over-year basis. On average, equities research analysts predict that Tech Data Corp will post 11.77 EPS for the current fiscal year.
A number of large investors have recently modified their holdings of the business. Retirement Systems of Alabama lifted its holdings in shares of Tech Data by 0.4% in the first quarter. Retirement Systems of Alabama now owns 48,579 shares of the company’s stock worth $4,975,000 after buying an additional 214 shares in the last quarter. Louisiana State Employees Retirement System lifted its holdings in shares of Tech Data by 1.0% in the first quarter. Louisiana State Employees Retirement System now owns 10,000 shares of the company’s stock worth $1,024,000 after buying an additional 100 shares in the last quarter. Ledyard National Bank purchased a new position in shares of Tech Data in the first quarter worth $483,000. Calamos Advisors LLC purchased a new position in shares of Tech Data in the first quarter worth $358,000. Finally, Polianta Ltd purchased a new position in shares of Tech Data in the first quarter worth $1,103,000. 99.07% of the stock is currently owned by institutional investors and hedge funds.
Several equities analysts have weighed in on TECD shares. BidaskClub raised shares of Tech Data from a “buy” rating to a “strong-buy” rating in a report on Tuesday, January 15th. Zacks Investment Research downgraded shares of Tech Data from a “buy” rating to a “hold” rating in a report on Saturday, February 2nd. One analyst has rated the stock with a sell rating, three have assigned a hold rating and three have assigned a buy rating to the company’s stock. The company has a consensus rating of “Hold” and an average target price of $97.60.
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About Tech Data
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.
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