Tech Data Corp Director Buys $7,900 in Stock (TECD)
Tech Data Corp (NASDAQ:TECD) Director Thomas Richmond Spencer bought 10,000 shares of the company’s stock in a transaction dated Thursday, June 12th. The stock was purchased at an average cost of $0.79 per share, for a total transaction of $7,900.00. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which can be accessed through this link.
A number of analysts have recently weighed in on TECD shares. 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 assigned a hold rating and four have given a buy rating to the company. The stock currently has a consensus rating of “Hold” and an average price target of $64.43.
Shares of Tech Data Corp (NASDAQ:TECD) traded up 0.73% on Friday, hitting $61.76. The stock had a trading volume of 36,120 shares. Tech Data Corp has a 1-year low of $46.04 and a 1-year high of $65.98. The stock has a 50-day moving average of $61.80 and a 200-day moving average of $57.40. The company has a market cap of $2.362 billion and a P/E ratio of 13.37.
Tech Data Corp (NASDAQ:TECD) last released its earnings data on Thursday, May 29th. The company reported $0.72 earnings per share for the quarter, missing the analysts’ 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 last year, the company posted $0.66 earnings per share. Tech Data Corp’s revenue was up 9.4% compared to the same quarter last year. Analysts expect that Tech Data Corp will post $4.80 EPS for the current fiscal year.
Tech Data Corporation (NASDAQ:TECD) is a wholesale distributor of technology products.
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