Tech Data Corporation (NASDAQ:TECD) – Research analysts at Northcoast Research issued their Q2 2019 EPS estimates for shares of Tech Data Corporation in a report released on Monday. Northcoast Research analyst K. Housum expects that the company will post earnings of $2.56 per share for the quarter. Northcoast Research has a “Neutral” rating on the stock. Northcoast Research also issued estimates for Tech Data Corporation’s Q4 2019 earnings at $3.79 EPS.
Tech Data Corporation (NASDAQ:TECD) last announced its quarterly earnings results on Thursday, June 1st. The company reported $1.87 earnings per share (EPS) for the quarter, beating the consensus estimate of $1.34 by $0.53. Tech Data Corporation had a return on equity of 11.67% and a net margin of 0.69%. The firm had revenue of $7.66 billion during the quarter, compared to the consensus estimate of $7.31 billion. During the same period in the prior year, the firm earned $1.05 EPS. The firm’s quarterly revenue was up 28.5% compared to the same quarter last year.
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TECD has been the subject of a number of other research reports. Bank of America Corporation reiterated a “buy” rating and issued a $110.00 price target on shares of Tech Data Corporation in a research note on Thursday, June 1st. Zacks Investment Research cut shares of Tech Data Corporation from a “strong-buy” rating to a “sell” rating in a research note on Wednesday, May 3rd. Loop Capital started coverage on shares of Tech Data Corporation in a research note on Thursday, August 24th. They issued a “buy” rating and a $130.00 price target for the company. Citigroup Inc. upgraded shares of Tech Data Corporation from a “sell” rating to a “neutral” rating and set a $115.00 price target for the company in a research note on Friday, June 2nd. Finally, BidaskClub cut shares of Tech Data Corporation from a “buy” rating to a “hold” rating in a research note on Friday, August 11th. Four investment analysts have rated the stock with a hold rating and six have issued a buy rating to the stock. The company has an average rating of “Buy” and an average price target of $108.63.
Shares of Tech Data Corporation (NASDAQ:TECD) traded up 1.817% during mid-day trading on Tuesday, reaching $109.535. The company had a trading volume of 279,863 shares. Tech Data Corporation has a 52-week low of $67.67 and a 52-week high of $111.10. The company’s 50-day moving average is $104.27 and its 200 day moving average is $96.83. The stock has a market capitalization of $4.18 billion, a P/E ratio of 20.439 and a beta of 0.79.
Hedge funds have recently bought and sold shares of the company. Capital One National Association boosted its stake in Tech Data Corporation by 0.3% in the second quarter. Capital One National Association now owns 13,690 shares of the company’s stock worth $1,383,000 after buying an additional 47 shares in the last quarter. Meeder Asset Management Inc. bought a new stake in Tech Data Corporation during the second quarter worth about $384,000. Vanguard Group Inc. boosted its stake in Tech Data Corporation by 1.4% in the first quarter. Vanguard Group Inc. now owns 3,738,619 shares of the company’s stock worth $351,057,000 after buying an additional 51,091 shares in the last quarter. Legal & General Group Plc boosted its stake in Tech Data Corporation by 2.2% in the first quarter. Legal & General Group Plc now owns 109,511 shares of the company’s stock worth $10,270,000 after buying an additional 2,347 shares in the last quarter. Finally, Geode Capital Management LLC boosted its stake in Tech Data Corporation by 8.3% in the first quarter. Geode Capital Management LLC now owns 424,594 shares of the company’s stock worth $39,868,000 after buying an additional 32,541 shares in the last quarter.
In other news, CFO Alain Amsellem sold 1,648 shares of the firm’s stock in a transaction dated Friday, July 14th. The shares were sold at an average price of $106.31, for a total transaction of $175,198.88. Following the completion of the sale, the chief financial officer now owns 26,479 shares in the company, valued at approximately $2,814,982.49. The transaction was disclosed in a filing with the SEC, which is accessible through this link. Also, CEO Robert M. Dutkowsky sold 20,000 shares of the firm’s stock in a transaction dated Thursday, June 22nd. The stock was sold at an average price of $100.08, for a total transaction of $2,001,600.00. The disclosure for this sale can be found here. In the last 90 days, insiders have sold 34,888 shares of company stock valued at $3,519,704. 1.60% of the stock is currently owned by corporate insiders.
About Tech Data Corporation
Tech Data Corporation is a wholesale distributor of technology products. The Company serves as a link in the technology supply chain by bringing products from the technology vendors to market, as well as providing its customers with logistics capabilities and services. It operates through the segment of distributing technology products, logistics management and other value-added services.
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