Tech Data Corporation (NASDAQ:TECD) CFO Alain Amsellem sold 1,000 shares of Tech Data Corporation stock in a transaction dated Tuesday, July 11th. The shares were sold at an average price of $104.63, for a total transaction of $104,630.00. Following the completion of the sale, the chief financial officer now owns 26,379 shares in the company, valued at approximately $2,760,034.77. The sale was disclosed in a document filed with the Securities & Exchange Commission, which can be accessed through the SEC website.

Tech Data Corporation (NASDAQ TECD) opened at 105.73 on Monday. The stock has a market capitalization of $4.03 billion, a P/E ratio of 19.73 and a beta of 0.79. The stock has a 50 day moving average of $98.29 and a 200 day moving average of $91.82. Tech Data Corporation has a 1-year low of $67.67 and a 1-year high of $106.92.

Tech Data Corporation (NASDAQ:TECD) last issued its quarterly earnings data on Thursday, June 1st. The company reported $1.87 EPS for the quarter, beating the Zacks’ consensus estimate of $1.34 by $0.53. The firm had revenue of $7.66 billion for the quarter, compared to analysts’ expectations of $7.31 billion. Tech Data Corporation had a net margin of 0.69% and a return on equity of 11.67%. The firm’s revenue was up 28.5% on a year-over-year basis. During the same period in the prior year, the company earned $1.05 EPS. On average, analysts expect that Tech Data Corporation will post $9.76 earnings per share for the current year.

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Several brokerages have recently issued reports on TECD. Citigroup Inc. upgraded 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 research report on Friday, June 2nd. Bank of America Corporation reiterated a “buy” rating and issued a $110.00 target price on shares of Tech Data Corporation in a research report on Thursday, June 1st. BidaskClub lowered shares of Tech Data Corporation from a “strong-buy” rating to a “buy” rating in a research report on Thursday, June 15th. Finally, Zacks Investment Research upgraded shares of Tech Data Corporation from a “sell” rating to a “hold” rating in a research report on Tuesday, May 9th. Two analysts have rated the stock with a hold rating and seven have given a buy rating to the company’s stock. The stock currently has an average rating of “Buy” and an average price target of $105.57.

A number of large investors have recently modified their holdings of the stock. Glen Harbor Capital Management LLC boosted its stake in shares of Tech Data Corporation by 1.8% in the first quarter. Glen Harbor Capital Management LLC now owns 1,276 shares of the company’s stock worth $120,000 after buying an additional 22 shares during the last quarter. Elkfork Partners LLC boosted its stake in shares of Tech Data Corporation by 1.8% in the first quarter. Elkfork Partners LLC now owns 1,624 shares of the company’s stock worth $152,000 after buying an additional 28 shares during the last quarter. Meadow Creek Investment Management LLC boosted its stake in shares of Tech Data Corporation by 1.8% in the first quarter. Meadow Creek Investment Management LLC now owns 1,972 shares of the company’s stock worth $185,000 after buying an additional 34 shares during the last quarter. Capital One National Association boosted its stake in shares of Tech Data Corporation by 0.3% in the second quarter. Capital One National Association now owns 13,690 shares of the company’s stock worth $1,383,000 after buying an additional 47 shares during the last quarter. Finally, Bank of Montreal Can boosted its stake in shares of Tech Data Corporation by 1.6% in the first quarter. Bank of Montreal Can now owns 3,038 shares of the company’s stock worth $286,000 after buying an additional 48 shares during the last quarter. 93.31% of the stock is currently owned by hedge funds and other institutional investors.

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.

Insider Buying and Selling by Quarter for Tech Data Corporation (NASDAQ:TECD)

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