Tech Data Corp Director Purchases $7,900 in Stock (TECD)
Tech Data Corp (NASDAQ:TECD) Director Thomas Richmond Spencer bought 10,000 shares of the company’s stock on the open market in a transaction that occurred on Thursday, June 12th. The stock was purchased at an average price of $0.79 per share, for a total transaction of $7,900.00. The acquisition was disclosed in a legal filing with the Securities & Exchange Commission, which can be accessed through this link.
Shares of Tech Data Corp (NASDAQ:TECD) traded down 0.03% during mid-day trading on Thursday, hitting $61.06. The stock had a trading volume of 103,411 shares. Tech Data Corp has a one year low of $46.04 and a one year high of $65.98. The stock has a 50-day moving average of $61.84 and a 200-day moving average of $57.37. The company has a market cap of $2.335 billion and a price-to-earnings ratio of 13.32.
Tech Data Corp (NASDAQ:TECD) last released its earnings data on Thursday, May 29th. The company reported $0.72 earnings per share (EPS) for the quarter, missing the consensus estimate of $0.92 by $0.20. The company had revenue of $6.73 billion for the quarter, compared to the consensus estimate of $6.48 billion. During the same quarter in the previous year, the company posted $0.66 earnings per share. The company’s revenue for the quarter was up 9.4% on a year-over-year basis. Analysts expect that Tech Data Corp will post $4.80 EPS for the current fiscal year.
TECD has been the subject of a number of recent research reports. Analysts at Citigroup Inc. reiterated a “neutral” rating on shares of Tech Data Corp in a research note on Friday, May 30th. They now have a $62.00 price target on the stock, down previously from $66.00. Separately, analysts at Raymond James raised their price target on shares of Tech Data Corp from $68.00 to $70.00 in a research note on Friday, May 30th. They now have an “outperform” rating on the stock. Finally, analysts at Credit Agricole downgraded shares of Tech Data Corp from an “outperform” rating to an “underperform” rating in a research note on Friday, May 30th. One investment analyst has rated the stock with a sell rating, four have issued a hold rating and four have assigned a buy rating to the stock. The company presently has a consensus rating of “Hold” and an average price target of $64.43.
Tech Data Corporation (NASDAQ:TECD) is a wholesale distributor of technology products.
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