Tech Data Corp (NASDAQ:TECD) CAO Michael Rabinovitch sold 1,133 shares of the firm’s stock in a transaction on Monday, March 11th. The shares were sold at an average price of $99.06, for a total transaction of $112,234.98. The transaction was disclosed in a filing with the SEC, which is accessible through this link.
Shares of Tech Data stock traded up $1.03 during midday trading on Friday, reaching $102.97. 159,082 shares of the company’s stock traded hands, compared to its average volume of 422,234. The company has a market capitalization of $3.77 billion, a P/E ratio of 9.05, a P/E/G ratio of 3.95 and a beta of 0.96. Tech Data Corp has a 52 week low of $66.93 and a 52 week high of $108.29. The company has a current ratio of 1.24, a quick ratio of 0.86 and a debt-to-equity ratio of 0.44.
Tech Data (NASDAQ:TECD) last announced its earnings results on Thursday, March 7th. The company reported $4.55 EPS for the quarter, topping the consensus estimate of $4.03 by $0.52. The firm had revenue of $10.47 billion for the quarter, compared to the consensus estimate of $10.63 billion. Tech Data had a net margin of 0.91% and a return on equity of 15.17%. The business’s quarterly revenue was up 4.3% on a year-over-year basis. During the same quarter last year, the firm posted $3.50 EPS. On average, equities research analysts predict that Tech Data Corp will post 11.72 earnings per share for the current year.
A number of institutional investors and hedge funds have recently made changes to their positions in TECD. Norges Bank bought a new position in Tech Data in the 4th quarter worth $35,317,000. Prudential Financial Inc. raised its holdings in Tech Data by 89.4% in the 3rd quarter. Prudential Financial Inc. now owns 655,099 shares of the company’s stock worth $46,885,000 after acquiring an additional 309,142 shares during the period. Macquarie Group Ltd. raised its holdings in Tech Data by 23.2% in the 3rd quarter. Macquarie Group Ltd. now owns 909,739 shares of the company’s stock worth $65,110,000 after acquiring an additional 171,231 shares during the period. BlackRock Inc. raised its holdings in Tech Data by 3.8% in the 3rd quarter. BlackRock Inc. now owns 4,379,141 shares of the company’s stock worth $313,416,000 after acquiring an additional 159,706 shares during the period. Finally, Matarin Capital Management LLC bought a new position in Tech Data in the 3rd quarter worth $10,801,000. Hedge funds and other institutional investors own 97.09% of the company’s stock.
TRADEMARK VIOLATION NOTICE: This story was first posted by Dakota Financial News and is the property of of Dakota Financial News. If you are reading this story on another website, it was illegally stolen and republished in violation of U.S. and international copyright & trademark legislation. The original version of this story can be viewed at https://dakotafinancialnews.com/2019/03/15/insider-selling-tech-data-corp-tecd-cao-sells-112234-98-in-stock.html.
About Tech Data
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.
See Also: What is a Market Correction?
Receive News & Ratings for Tech Data Daily - Enter your email address below to receive a concise daily summary of the latest news and analysts' ratings for Tech Data and related companies with MarketBeat.com's FREE daily email newsletter.