Tech Data Corporation (NASDAQ:TECD) Sees Significantly Higher Trading Volume

Here's Why Tech Data Corp. Stock Is Down 21% Today

Analysts are expecting an EPS change of -25.20% for the current year.

A number of equities analysts recently weighed in on TECD shares. Zacks Investment Research cut shares of Tech Data Corporation from a "strong-buy" rating to a "sell" rating in a research note on Wednesday, May 3rd. Northcoast Research also issued estimates for Tech Data Corporation's Q4 2019 earnings at $3.79 EPS. Finally, Loop Capital started coverage on Tech Data Corporation in a research report on Thursday, August 24th. Finally, SG Americas Securities LLC raised its position in shares of Tech Data Corporation by 58.6% in the second quarter. They issued a "buy" rating and a $130.00 price target on the stock.

Shares of Tech Data Corporation (NASDAQ:TECD) opened at 110.29 on Monday.

The stock's 50 day moving average is 104.68 and its 200 day moving average is 97.49. Tech Data Corporation has a 52-week low of 67.67 and a 52-week high of 110.81. The firm has a market cap of $3.33 billion, a price-to-earnings ratio of 16.32 and a beta of 0.79.

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In related news, CEO J Kevin Gilligan sold 2,000 shares of the stock in a transaction dated Tuesday, June 6th. The business also recently announced a quarterly dividend, which will be paid on Friday, October 13th.

Over the past 50 days, Tech Data Corporation stock's -22.15% off of the high and -12.26% removed from the low. That brings Amsellem's holdings to $2,739,109 as reported to the SEC. The business had revenue of $8.88 billion during the quarter, compared to the consensus estimate of $8.74 billion. Tech Data Corporation had a net margin of 0.69% and a return on equity of 11.67%. The company realized a fall in short interest of -1.01% as of August 15, 2017 from the last reporting period. As of the latest earnings report the EPS was $5.36 and is expected to be $9.80 for the current year with 38,128,000 shares now outstanding.

ILLEGAL ACTIVITY NOTICE: This news story was first posted by StockNewsTimes and is the sole property of of StockNewsTimes. If you are reading this piece of content on another site, it was stolen and reposted in violation of United States & global trademark and copyright laws. The other 3, though not evenly; between analysts who think you should buy Tech Data Corporation versus those who think you should sell it.

In other news, CEO Robert M. Dutkowsky sold 20,000 shares of the firm's stock in a transaction dated Thursday, June 22nd. The stock was sold at an average price of $103.00, for a total value of $494,400.00. The transaction was disclosed in a filing with the SEC, which is accessible through this link. The shares were sold at an average price of $106.31, for a total value of $175,198.88. Following the sale, the chief financial officer now directly owns 26,379 shares of the company's stock, valued at approximately $2,760,034.77. The disclosure for this sale can be found here. The institutional investor owned 14,800 shares of the company's stock after buying an additional 7,500 shares during the period. The value of the company's investment in Tech Data Corporation increased from $2,679,000 to $2,917,000 a change of 8.9% quarter to quarter. Harczak now owns $1,261,763 of stock as recorded in a recent Form 4 SEC filing. Capital One National Association now owns 13,643 shares of the company's stock worth $1,281,000 after buying an additional 429 shares in the last quarter. As of the end of the quarter Perkins Investment Management, LLC had bought 62,585 shares growing its stake by 20.2%.

COPYRIGHT VIOLATION WARNING: "Tech Data Corporation (TECD) Trading Down 20.7% Following Weak Earnings" was reported by Dispatch Tribunal and is owned by of Dispatch Tribunal. The legal version of this news story can be read at Great West Life Assurance Co. Vanguard Group Inc. now owns 3,738,619 shares of the company's stock worth $351,057,000 after buying an additional 51,091 shares in the last quarter.


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    The short sellers will then buy the stock back at a much lower price and replace the borrowed shares, pocketing the difference. On a different note, the stock is -12.36% below its 50-day moving average, providing a measure of support for short positions.
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