Zacks Investment Management acquired a new position in Tech Data Corp (NASDAQ:TECD) during the 4th quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission (SEC). The firm acquired 9,192 shares of the company’s stock, valued at approximately $752,000.

Other institutional investors also recently made changes to their positions in the company. Enlightenment Research LLC acquired a new stake in shares of Tech Data in the 4th quarter valued at $25,000. Fort L.P. acquired a new stake in shares of Tech Data in the 4th quarter valued at $40,000. JOYN Advisors Inc. boosted its stake in shares of Tech Data by 43.5% in the 4th quarter. JOYN Advisors Inc. now owns 511 shares of the company’s stock valued at $42,000 after purchasing an additional 155 shares in the last quarter. First Hawaiian Bank acquired a new stake in shares of Tech Data in the 4th quarter valued at $48,000. Finally, AdvisorNet Financial Inc boosted its stake in shares of Tech Data by 28.9% in the 4th quarter. AdvisorNet Financial Inc now owns 1,114 shares of the company’s stock valued at $91,000 after purchasing an additional 250 shares in the last quarter. Institutional investors and hedge funds own 97.98% of the company’s stock.

Tech Data stock opened at $98.45 on Monday. The company has a debt-to-equity ratio of 0.44, a current ratio of 1.24 and a quick ratio of 0.86. Tech Data Corp has a 12-month low of $66.93 and a 12-month high of $108.29. The stock has a market capitalization of $3.63 billion, a P/E ratio of 8.65, a price-to-earnings-growth ratio of 3.85 and a beta of 0.96.

Tech Data (NASDAQ:TECD) last released its quarterly earnings results on Thursday, March 7th. The company reported $4.55 earnings per share (EPS) for the quarter, beating the Zacks’ consensus estimate of $4.03 by $0.52. Tech Data had a return on equity of 15.17% and a net margin of 0.91%. The business had revenue of $10.47 billion during the quarter, compared to analysts’ expectations of $10.63 billion. During the same period in the previous year, the business posted $3.50 earnings per share. The firm’s revenue for the quarter was up 4.3% compared to the same quarter last year. As a group, sell-side analysts predict that Tech Data Corp will post 11.72 EPS for the current fiscal year.

Several equities research analysts have recently commented on the stock. BidaskClub upgraded shares of Tech Data from a “buy” rating to a “strong-buy” rating in a research note on Tuesday, January 15th. Needham & Company LLC boosted their target price on shares of Tech Data to $110.00 and gave the company a “buy” rating in a research note on Friday, November 30th. Zacks Investment Research upgraded shares of Tech Data from a “hold” rating to a “buy” rating and set a $108.00 target price on the stock in a research note on Monday, February 4th. ValuEngine upgraded shares of Tech Data from a “sell” rating to a “hold” rating in a research note on Friday, November 30th. Finally, TheStreet upgraded shares of Tech Data from a “c+” rating to a “b-” rating in a research note on Thursday, December 13th. One research analyst has rated the stock with a sell rating, four have issued a hold rating and two have assigned a buy rating to the stock. The stock currently has a consensus rating of “Hold” and a consensus price target of $97.60.

In other news, CAO Michael Rabinovitch sold 400 shares of the company’s stock in a transaction dated Wednesday, March 20th. The stock was sold at an average price of $104.00, for a total value of $41,600.00. Following the completion of the sale, the chief accounting officer now directly owns 6,098 shares of the company’s stock, valued at approximately $634,192. The sale was disclosed in a document filed with the SEC, which is accessible through this hyperlink. Also, CFO Charles V. Dannewitz sold 5,000 shares of the company’s stock in a transaction dated Monday, March 11th. The shares were sold at an average price of $100.34, for a total value of $501,700.00. The disclosure for this sale can be found here. Insiders have sold a total of 23,125 shares of company stock valued at $2,208,907 over the last three months. Company insiders own 1.10% of the company’s stock.

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Tech Data Profile

Tech Data Corporation engages in the wholesale distribution of technology products. It offers endpoint portfolio solutions, including PC systems, mobile phones and accessories, printers, peripherals, supplies, endpoint technology software, and consumer electronics; and advanced portfolio solutions, such as storage, networking, servers, advanced technology software, and converged and hyper-converged infrastructure, as well as specialized solutions.

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Institutional Ownership by Quarter for Tech Data (NASDAQ:TECD)

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