Tech Data Corporation (NASDAQ:TECD) COO Richard T. Hume sold 3,100 shares of the business’s stock in a transaction on Thursday, November 30th. The shares were sold at an average price of $98.06, for a total transaction of $303,986.00. The transaction was disclosed in a document filed with the SEC, which is accessible through this hyperlink.

Shares of Tech Data Corporation (TECD) traded up $0.88 during trading on Friday, hitting $97.58. 611,756 shares of the company’s stock were exchanged, compared to its average volume of 448,272. The firm has a market capitalization of $3,690.00, a P/E ratio of 12.75, a P/E/G ratio of 0.53 and a beta of 0.77. Tech Data Corporation has a 1-year low of $81.42 and a 1-year high of $111.10. The company has a debt-to-equity ratio of 0.66, a quick ratio of 0.94 and a current ratio of 1.35.

Tech Data (NASDAQ:TECD) last issued its quarterly earnings data on Monday, November 27th. The company reported $2.00 earnings per share for the quarter, topping analysts’ consensus estimates of $1.90 by $0.10. The business had revenue of $9.14 billion during the quarter, compared to the consensus estimate of $9.10 billion. Tech Data had a net margin of 0.59% and a return on equity of 11.90%. The company’s revenue was up 40.8% compared to the same quarter last year. During the same quarter in the prior year, the firm posted $1.44 earnings per share. sell-side analysts expect that Tech Data Corporation will post 9.09 earnings per share for the current fiscal year.

Institutional investors have recently modified their holdings of the business. SpiderRock Advisors LLC acquired a new position in shares of Tech Data in the third quarter worth about $106,000. Zurcher Kantonalbank Zurich Cantonalbank raised its position in shares of Tech Data by 15.1% in the second quarter. Zurcher Kantonalbank Zurich Cantonalbank now owns 1,490 shares of the company’s stock worth $150,000 after acquiring an additional 195 shares during the period. Dynamic Technology Lab Private Ltd acquired a new position in shares of Tech Data in the third quarter worth about $201,000. Cipher Capital LP acquired a new position in shares of Tech Data in the third quarter worth about $206,000. Finally, GSA Capital Partners LLP acquired a new position in shares of Tech Data in the third quarter worth about $212,000. Institutional investors and hedge funds own 98.39% of the company’s stock.

A number of research firms recently issued reports on TECD. ValuEngine upgraded shares of Tech Data from a “hold” rating to a “buy” rating in a research report on Wednesday. Raymond James Financial restated a “hold” rating on shares of Tech Data in a research report on Tuesday. Pivotal Research set a $114.00 target price on shares of Tech Data and gave the company a “buy” rating in a research report on Tuesday. Needham & Company LLC boosted their target price on shares of Tech Data from $102.00 to $110.00 and gave the company a “buy” rating in a research report on Tuesday. Finally, Citigroup restated a “hold” rating and set a $110.00 target price on shares of Tech Data in a research report on Tuesday. Four equities research analysts have rated the stock with a hold rating and eight have issued a buy rating to the company’s stock. The company presently has an average rating of “Buy” and an average target price of $112.33.

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Tech Data 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 (NASDAQ:TECD)

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