Tech Data Corp (TECD) VP Sells $588,720.00 in Stock
Tech Data Corp (NASDAQ:TECD) VP David R. Vetter sold 6,000 shares of the company’s stock in a transaction that occurred on Monday, March 11th. The shares were sold at an average price of $98.12, for a total value of $588,720.00. Following the completion of the transaction, the vice president now directly owns 36,570 shares in the company, valued at $3,588,248.40. The sale was disclosed in a filing with the SEC, which can be accessed through this link.
TECD stock opened at $101.94 on Friday. The company has a current ratio of 1.24, a quick ratio of 0.86 and a debt-to-equity ratio of 0.44. The company has a market cap of $3.77 billion, a P/E ratio of 8.96, a PEG ratio of 3.95 and a beta of 0.96. Tech Data Corp has a 12-month low of $66.93 and a 12-month high of $108.29.
Tech Data (NASDAQ:TECD) last posted its quarterly earnings results on Thursday, March 7th. The company reported $4.55 earnings per share (EPS) for the quarter, beating the Thomson Reuters’ consensus estimate of $4.03 by $0.52. The business had revenue of $10.47 billion for the quarter, compared to analyst estimates of $10.63 billion. Tech Data had a return on equity of 15.17% and a net margin of 0.91%. The business’s revenue was up 4.3% compared to the same quarter last year. During the same period in the prior year, the company posted $3.50 EPS. Sell-side analysts expect that Tech Data Corp will post 11.72 earnings per share for the current year.
A number of equities analysts have issued reports on the company. BidaskClub raised Tech Data from a “buy” rating to a “strong-buy” rating in a research report on Tuesday, January 15th. Zacks Investment Research reissued a “hold” rating and set a $82.00 price target on shares of Tech Data in a research report on Friday, November 16th. Needham & Company LLC upped their price target on Tech Data to $110.00 and gave the company a “buy” rating in a research report on Friday, November 30th. ValuEngine raised Tech Data from a “sell” rating to a “hold” rating in a research report on Friday, November 30th. Finally, TheStreet raised Tech Data from a “c+” rating to a “b-” rating in a research report on Thursday, December 13th. One investment analyst has rated the stock with a sell rating, four have given a hold rating and two have issued a buy rating to the company. Tech Data has an average rating of “Hold” and an average target price of $97.60.
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Tech Data Company Profile
Tech Data Corporation engages in the wholesale distribution of technology products. It offers endpoint portfolio solutions, including PC systems, mobile phones and accessories, printers, peripherals, supplies, endpoint technology software, and consumer electronics; and advanced portfolio solutions, such as storage, networking, servers, advanced technology software, and converged and hyper-converged infrastructure, as well as specialized solutions.
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