Tech Data Corporation (NASDAQ:TECD) CFO Alain Amsellem sold 1,648 shares of Tech Data Corporation stock in a transaction dated Friday, July 14th. The stock was sold at an average price of $106.31, for a total value of $175,198.88. Following the completion of the transaction, the chief financial officer now directly owns 26,479 shares of the company’s stock, valued at approximately $2,814,982.49. The transaction was disclosed in a legal filing with the SEC, which is available through this hyperlink.

Alain Amsellem also recently made the following trade(s):

  • On Tuesday, July 11th, Alain Amsellem sold 1,000 shares of Tech Data Corporation stock. The stock was sold at an average price of $104.63, for a total value of $104,630.00.

Tech Data Corporation (NASDAQ TECD) traded down 0.08% during trading on Monday, hitting $106.20. The stock had a trading volume of 216,931 shares. The stock has a market capitalization of $4.05 billion, a PE ratio of 19.82 and a beta of 0.79. Tech Data Corporation has a 52-week low of $67.67 and a 52-week high of $106.92. The stock’s 50-day moving average is $98.29 and its 200-day moving average is $91.82.

Tech Data Corporation (NASDAQ:TECD) last issued its quarterly earnings results on Thursday, June 1st. The company reported $1.87 earnings per share for the quarter, topping the consensus estimate of $1.34 by $0.53. The business had revenue of $7.66 billion during the quarter, compared to the consensus estimate of $7.31 billion. Tech Data Corporation had a return on equity of 11.67% and a net margin of 0.69%. The company’s quarterly revenue was up 28.5% on a year-over-year basis. During the same quarter last year, the company earned $1.05 earnings per share. On average, analysts predict that Tech Data Corporation will post $9.76 earnings per share for the current fiscal year.

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Large investors have recently modified their holdings of the company. State Board of Administration of Florida Retirement System boosted its position in shares of Tech Data Corporation by 8.6% in the fourth quarter. State Board of Administration of Florida Retirement System now owns 11,230 shares of the company’s stock valued at $951,000 after buying an additional 890 shares during the last quarter. Credit Agricole S A purchased a new position in shares of Tech Data Corporation during the fourth quarter valued at about $416,000. Renaissance Technologies LLC boosted its position in shares of Tech Data Corporation by 15.6% in the fourth quarter. Renaissance Technologies LLC now owns 31,842 shares of the company’s stock valued at $2,696,000 after buying an additional 4,300 shares during the last quarter. A.R.T. Advisors LLC purchased a new position in shares of Tech Data Corporation during the fourth quarter valued at about $246,000. Finally, Thrivent Financial for Lutherans boosted its position in shares of Tech Data Corporation by 10.1% in the fourth quarter. Thrivent Financial for Lutherans now owns 6,080 shares of the company’s stock valued at $515,000 after buying an additional 560 shares during the last quarter. 93.31% of the stock is owned by institutional investors and hedge funds.

Several equities analysts have recently issued reports on TECD shares. Zacks Investment Research raised Tech Data Corporation from a “sell” rating to a “hold” rating in a research report on Tuesday, May 9th. Citigroup Inc. raised Tech Data Corporation from a “sell” rating to a “neutral” rating and set a $115.00 price target for the company in a research report on Friday, June 2nd. BidaskClub lowered Tech Data Corporation from a “strong-buy” rating to a “buy” rating in a research report on Thursday, June 15th. Finally, Bank of America Corporation reaffirmed a “buy” rating and issued a $110.00 price target on shares of Tech Data Corporation in a research report on Thursday, June 1st. Two analysts have rated the stock with a hold rating and seven have issued a buy rating to the company’s stock. Tech Data Corporation currently has an average rating of “Buy” and a consensus price target of $105.57.

Tech Data Corporation Company Profile

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.

Insider Buying and Selling by Quarter for Tech Data Corporation (NASDAQ:TECD)

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