Pivotal Research set a $114.00 price target on Tech Data (NASDAQ:TECD) in a report issued on Tuesday. The brokerage currently has a buy rating on the stock.

Several other brokerages have also issued reports on TECD. Needham & Company LLC boosted their price target on shares of Tech Data from $100.00 to $102.00 and gave the company a buy rating in a report on Thursday, October 12th. Northcoast Research reissued a neutral rating on shares of Tech Data in a report on Monday, August 28th. Zacks Investment Research raised shares of Tech Data from a sell rating to a hold rating in a report on Thursday, October 26th. Citigroup reissued a hold rating and issued a $110.00 price target on shares of Tech Data in a report on Tuesday. Finally, Stifel Nicolaus decreased their price target on shares of Tech Data from $115.00 to $110.00 and set a buy rating for the company in a report on Friday, September 1st. Four equities research analysts have rated the stock with a hold rating and eight have assigned a buy rating to the company’s stock. The company currently has a consensus rating of Buy and a consensus target price of $112.33.

Tech Data (NASDAQ:TECD) opened at $97.58 on Tuesday. Tech Data has a fifty-two week low of $81.42 and a fifty-two week high of $111.10. The stock has a market cap of $3,689.42, a price-to-earnings ratio of 12.00, a PEG ratio of 0.48 and a beta of 0.78. The company has a debt-to-equity ratio of 0.66, a current ratio of 1.35 and a quick ratio of 0.94.

Tech Data (NASDAQ:TECD) last announced its quarterly earnings results on Monday, November 27th. The company reported $2.00 earnings per share (EPS) for the quarter, beating the consensus estimate of $1.90 by $0.10. Tech Data had a net margin of 0.59% and a return on equity of 11.90%. The company had revenue of $9.14 billion during the quarter, compared to analyst estimates of $9.10 billion. During the same quarter in the previous year, the business earned $1.44 EPS. The firm’s revenue was up 40.8% on a year-over-year basis. sell-side analysts expect that Tech Data will post 9.14 earnings per share for the current fiscal year.

In related news, COO Richard T. Hume sold 3,100 shares of the business’s stock in a transaction on Thursday, November 30th. The shares were sold at an average price of $98.06, for a total value of $303,986.00. The transaction was disclosed in a legal filing with the SEC, which can be accessed through this link. Insiders own 1.60% of the company’s stock.

A number of institutional investors and hedge funds have recently bought and sold shares of TECD. SpiderRock Advisors LLC bought a new stake in Tech Data in the 3rd quarter valued at $106,000. Zurcher Kantonalbank Zurich Cantonalbank lifted its position in Tech Data by 15.1% in the 2nd quarter. Zurcher Kantonalbank Zurich Cantonalbank now owns 1,490 shares of the company’s stock valued at $150,000 after acquiring an additional 195 shares in the last quarter. Dynamic Technology Lab Private Ltd bought a new stake in Tech Data in the 3rd quarter valued at $201,000. Cipher Capital LP bought a new stake in Tech Data during the 3rd quarter worth about $206,000. Finally, GSA Capital Partners LLP bought a new stake in Tech Data during the 3rd quarter worth about $212,000. 98.39% of the stock is currently owned by institutional investors and hedge funds.

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About Tech Data

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 (NASDAQ:TECD)

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