Tech Data Corp. (NASDAQ:TECD) insider John A. Tonnison sold 2,515 shares of Tech Data Corp. stock in a transaction that occurred on Friday, November 25th. The shares were sold at an average price of $86.52, for a total value of $217,597.80. Following the completion of the sale, the insider now directly owns 27,484 shares in the company, valued at approximately $2,377,915.68. The sale was disclosed in a document filed with the SEC, which is accessible through this hyperlink.
Shares of Tech Data Corp. (NASDAQ:TECD) traded down 0.93% on Monday, hitting $85.83. The stock had a trading volume of 422,091 shares. The company has a market capitalization of $3.02 billion, a price-to-earnings ratio of 13.94 and a beta of 0.87. The company has a 50-day moving average of $80.21 and a 200 day moving average of $77.40. Tech Data Corp. has a 52 week low of $57.99 and a 52 week high of $89.36.
Tech Data Corp. (NASDAQ:TECD) last announced its earnings results on Tuesday, November 22nd. The company reported $1.44 EPS for the quarter, beating the consensus estimate of $1.26 by $0.18. Tech Data Corp. had a return on equity of 10.51% and a net margin of 0.81%. The company had revenue of $6.49 billion for the quarter, compared to analyst estimates of $6.36 billion. During the same quarter in the prior year, the company earned $1.28 EPS. The firm’s revenue for the quarter was up 1.0% compared to the same quarter last year. On average, equities research analysts predict that Tech Data Corp. will post $5.95 EPS for the current year.
Hedge funds and other institutional investors have recently bought and sold shares of the company. Shayne & CO. LLC increased its position in Tech Data Corp. by 0.3% in the second quarter. Shayne & CO. LLC now owns 111,971 shares of the company’s stock worth $8,045,000 after buying an additional 283 shares during the period. First Quadrant L P CA increased its position in Tech Data Corp. by 413.8% in the second quarter. First Quadrant L P CA now owns 63,200 shares of the company’s stock worth $4,541,000 after buying an additional 50,900 shares during the period. Capital One National Association purchased a new position in Tech Data Corp. during the second quarter worth $938,000. Americafirst Capital Management LLC purchased a new position in Tech Data Corp. during the second quarter worth $655,000. Finally, Balasa Dinverno & Foltz LLC purchased a new position in Tech Data Corp. during the second quarter worth $499,000.
A number of equities research analysts recently issued reports on the company. Zacks Investment Research raised Tech Data Corp. from a “sell” rating to a “hold” rating in a research report on Thursday. Brean Capital reissued a “buy” rating and issued a $105.00 target price (up previously from $82.00) on shares of Tech Data Corp. in a research report on Thursday, September 22nd. Northcoast Research assumed coverage on Tech Data Corp. in a research report on Wednesday, August 10th. They issued a “neutral” rating on the stock. raised Tech Data Corp. from an “underperform” rating to a “buy” rating and lifted their target price for the company from $76.00 to $102.00 in a research report on Tuesday, September 20th. Finally, Citigroup Inc. lifted their target price on Tech Data Corp. from $59.00 to $80.00 and gave the company a “sell” rating in a research report on Thursday, September 22nd. One analyst has rated the stock with a sell rating, four have issued a hold rating and four have assigned a buy rating to the company. The stock has an average rating of “Hold” and an average target price of $94.67.
Tech Data Corp. Company Profile