Tech Data Corp (TECD) VP David R. Vetter Sells 2,000 Shares

Tech Data Corp (NASDAQ:TECD) VP David R. Vetter sold 2,000 shares of the firm’s stock in a transaction on Friday, April 12th. The stock was sold at an average price of $110.18, for a total transaction of $220,360.00. The sale was disclosed in a filing with the Securities & Exchange Commission, which is available through this hyperlink.

Shares of Tech Data stock opened at $109.02 on Tuesday. The firm has a market capitalization of $4.01 billion, a price-to-earnings ratio of 9.58, a PEG ratio of 4.24 and a beta of 0.96. Tech Data Corp has a 12-month low of $66.93 and a 12-month high of $111.08. The company has a debt-to-equity ratio of 0.44, a quick ratio of 0.86 and a current ratio of 1.24.

Tech Data (NASDAQ:TECD) last announced its quarterly earnings results on Thursday, March 7th. The company reported $4.55 earnings per share (EPS) for the quarter, topping analysts’ consensus estimates 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 net margin of 0.91% and a return on equity of 15.17%. The company’s revenue was up 4.3% on a year-over-year basis. During the same quarter last year, the firm earned $3.50 EPS. Research analysts expect that Tech Data Corp will post 11.77 earnings per share for the current fiscal year.



Large investors have recently bought and sold shares of the company. Enlightenment Research LLC purchased a new stake in shares of Tech Data in the 4th quarter worth about $25,000. Fort L.P. purchased a new stake in shares of Tech Data in the 4th quarter worth about $40,000. JOYN Advisors Inc. lifted its position in shares of Tech Data by 43.5% in the 4th quarter. JOYN Advisors Inc. now owns 511 shares of the company’s stock worth $42,000 after purchasing an additional 155 shares during the period. First Hawaiian Bank purchased a new stake in shares of Tech Data in the 4th quarter worth about $48,000. Finally, AdvisorNet Financial Inc lifted its position in shares of Tech Data by 28.9% in the 4th quarter. AdvisorNet Financial Inc now owns 1,114 shares of the company’s stock worth $91,000 after purchasing an additional 250 shares during the period. 99.07% of the stock is owned by hedge funds and other institutional investors.

A number of equities research analysts have issued reports on TECD shares. Zacks Investment Research lowered shares of Tech Data from a “buy” rating to a “hold” rating in a report on Saturday, February 2nd. BidaskClub lowered shares of Tech Data from a “strong-buy” rating to a “buy” rating in a report on Friday, March 1st. One investment analyst has rated the stock with a sell rating, three have issued a hold rating and three have assigned a buy rating to the stock. The company currently has a consensus rating of “Hold” and a consensus target price of $97.60.

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Tech Data Company Profile

Tech Data Corporation operates as an IT distribution and solutions company. The company offers endpoint portfolio solutions, including personal computer systems, mobile phones and accessories, printers, peripherals, supplies, endpoint technology software, and consumer electronics. It also provides advanced portfolio solutions, such as data center technologies comprising storage, networking, servers, advanced technology software, and converged and hyper-converged infrastructure, as well as specialized solutions.

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