Northcoast Research reaffirmed their neutral rating on shares of Tech Data Corporation (NASDAQ:TECD) in a research note issued to investors on Monday. Northcoast Research also issued estimates for Tech Data Corporation’s Q3 2018 earnings at $2.36 EPS, Q4 2018 earnings at $3.65 EPS, FY2018 earnings at $9.94 EPS, Q1 2019 earnings at $2.20 EPS, Q2 2019 earnings at $2.56 EPS, Q3 2019 earnings at $2.64 EPS, Q4 2019 earnings at $3.79 EPS and FY2019 earnings at $11.19 EPS.

Several other equities analysts have also commented on the stock. BidaskClub lowered shares of Tech Data Corporation from a strong-buy rating to a buy rating in a report on Thursday, June 15th. Loop Capital started coverage on shares of Tech Data Corporation in a report on Thursday, August 24th. They set a buy rating and a $130.00 target price on the stock. Bank of America Corporation reaffirmed a buy rating and set a $110.00 target price on shares of Tech Data Corporation in a report on Thursday, June 1st. Zacks Investment Research raised shares of Tech Data Corporation from a hold rating to a buy rating and set a $104.00 target price on the stock in a report on Thursday, May 25th. Finally, Citigroup Inc. raised shares of Tech Data Corporation from a sell rating to a neutral rating and set a $115.00 target price on the stock in a report on Friday, June 2nd. Four research analysts have rated the stock with a hold rating and six have issued a buy rating to the company’s stock. The company currently has an average rating of Buy and a consensus target price of $108.63.

Tech Data Corporation (NASDAQ:TECD) opened at 109.53 on Monday. The stock has a 50 day moving average price of $104.27 and a 200 day moving average price of $96.83. Tech Data Corporation has a one year low of $67.67 and a one year high of $111.10. The firm has a market capitalization of $4.18 billion, a P/E ratio of 20.44 and a beta of 0.79.

Tech Data Corporation (NASDAQ:TECD) last issued its quarterly earnings results on Thursday, June 1st. The company reported $1.87 EPS for the quarter, topping the Zacks’ consensus estimate of $1.34 by $0.53. The firm had revenue of $7.66 billion for the quarter, compared to analyst estimates of $7.31 billion. Tech Data Corporation had a net margin of 0.69% and a return on equity of 11.67%. The business’s revenue for the quarter was up 28.5% compared to the same quarter last year. During the same quarter in the prior year, the firm earned $1.05 EPS. On average, equities analysts predict that Tech Data Corporation will post $9.80 EPS for the current fiscal year.

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In other Tech Data Corporation news, insider Joseph H. Quaglia sold 4,800 shares of the stock in a transaction on Thursday, June 8th. The shares were sold at an average price of $103.00, for a total transaction of $494,400.00. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is available at this hyperlink. Also, CFO Alain Amsellem sold 1,648 shares of the stock in a transaction on Friday, July 14th. The shares were sold at an average price of $106.31, for a total transaction of $175,198.88. Following the sale, the chief financial officer now directly owns 26,479 shares of the company’s stock, valued at approximately $2,814,982.49. The disclosure for this sale can be found here. In the last ninety days, insiders have sold 34,888 shares of company stock worth $3,519,704. 1.60% of the stock is owned by insiders.

Large investors have recently made changes to their positions in the stock. State Board of Administration of Florida Retirement System boosted its stake in shares of Tech Data Corporation by 2.5% in the first quarter. State Board of Administration of Florida Retirement System now owns 11,510 shares of the company’s stock valued at $1,081,000 after buying an additional 280 shares during the last quarter. Capital One National Association boosted its stake in shares of Tech Data Corporation by 3.2% in the first quarter. Capital One National Association now owns 13,643 shares of the company’s stock valued at $1,281,000 after buying an additional 429 shares during the last quarter. Chicago Equity Partners LLC boosted its stake in shares of Tech Data Corporation by 29.5% in the first quarter. Chicago Equity Partners LLC now owns 65,325 shares of the company’s stock valued at $6,134,000 after buying an additional 14,900 shares during the last quarter. Eqis Capital Management Inc. purchased a new stake in shares of Tech Data Corporation during the first quarter valued at $219,000. Finally, Great West Life Assurance Co. Can boosted its stake in shares of Tech Data Corporation by 1.4% in the first quarter. Great West Life Assurance Co. Can now owns 32,433 shares of the company’s stock valued at $3,043,000 after buying an additional 435 shares during the last quarter.

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.

Analyst Recommendations for Tech Data Corporation (NASDAQ:TECD)

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