Tech Data Corp (NASDAQ:TECD) Stock Price Up as Sentiment Increases

October 13, 2017 - By Peter Erickson

 Tech Data Corp (NASDAQ:TECD) Stock Price Up as Sentiment  Increases

Sentiment for Tech Data Corp (NASDAQ:TECD)

Tech Data Corp (NASDAQ:TECD) institutional sentiment increased to 1.54 in Q2 2017. Its up 0.44, from 1.1 in 2017Q1. The ratio has improved, as 142 investment professionals increased or opened new positions, while 92 reduced and sold equity positions in Tech Data Corp. The investment professionals in our partner’s database now have: 37.35 million shares, up from 35.06 million shares in 2017Q1. Also, the number of investment professionals holding Tech Data Corp in their top 10 positions was flat from 2 to 2 for the same number . Sold All: 34 Reduced: 58 Increased: 108 New Position: 34.

Tech Data Corporation is a wholesale distributor of technology products. The company has market cap of $3.56 billion. The Firm serves as a link in the technology supply chain by bringing products from the technology vendors to market, as well as providing its clients with logistics capabilities and services. It has a 17.61 P/E ratio. It operates through the segment of distributing technology products, logistics management and other value-added services.

The stock decreased 1.17% or $1.11 during the last trading session, reaching $93.38. About 349,320 shares traded. Tech Data Corp (NASDAQ:TECD) has risen 41.82% since October 13, 2016 and is uptrending. It has outperformed by 25.12% the S&P500.

Analysts expect Tech Data Corp (NASDAQ:TECD) to report $1.94 EPS on November, 28.They anticipate $0.50 EPS change or 34.72 % from last quarter’s $1.44 EPS. TECD’s profit would be $73.96M giving it 12.03 P/E if the $1.94 EPS is correct. After having $1.74 EPS previously, Tech Data Corp’s analysts see 11.49 % EPS growth.

Shayne & Co. Llc holds 8.52% of its portfolio in Tech Data Corp for 106,069 shares. Dean Capital Management owns 32,673 shares or 1.59% of their US portfolio. Moreover, Mesirow Financial Investment Management has 1.24% invested in the company for 183,332 shares. The Massachusetts-based Century Capital Management Llc has invested 1.09% in the stock. Leuthold Group Llc, a Minnesota-based fund reported 88,425 shares.#img1#

Since January 1, 0001, it had 0 insider buys, and 3 insider sales for $1.52 million activity.

Tech Data Corp (NASDAQ:TECD) Ratings Coverage

Ratings analysis reveals 75% of Tech Data Corp’s analysts are positive. Out of 8 Wall Street analysts rating Tech Data Corp, 6 give it “Buy”, 0 “Sell” rating, while 2 recommend “Hold”. The lowest target is $49 while the high is $130.0. The stock’s average target of $92.86 is -0.56% below today’s ($93.38) share price. TECD was included in 16 notes of analysts from August 18, 2015. The stock has “Underperform” rating by Bank of America on Tuesday, August 18. As per Friday, May 27, the company rating was maintained by Citigroup. Loop Capital Markets maintained Tech Data Corp (NASDAQ:TECD) rating on Friday, September 1. Loop Capital Markets has “Buy” rating and $120.0 target. The firm earned “Buy” rating on Tuesday, September 20 by Bank of America. The rating was upgraded by Bank of America on Tuesday, August 30 to “Neutral”. Loop Capital Markets initiated Tech Data Corp (NASDAQ:TECD) rating on Thursday, August 24. Loop Capital Markets has “Buy” rating and $130.0 target. The stock of Tech Data Corp (NASDAQ:TECD) earned “Buy” rating by Needham on Wednesday, October 11. Citigroup maintained the shares of TECD in report on Thursday, September 22 with “Sell” rating. The firm has “Buy” rating given on Monday, September 18 by Needham. As per Tuesday, September 20, the company rating was upgraded by Stifel Nicolaus.

More notable recent Tech Data Corp (NASDAQ:TECD) news were published by: Globenewswire.com which released: “Federman & Sherwood Announces Filing of Securities Class Action Lawsuit …” on September 25, 2017, also Benzinga.com with their article: “Investors Aren’t Fully Appreciating Dynamics Of Tech Data’s Relationship With …” published on October 11, 2017, Globenewswire.com published: “IMPORTANT TECH DATA CORPORATION INVESTOR ALERT: Wolf Haldenstein Adler Freeman …” on October 04, 2017. More interesting news about Tech Data Corp (NASDAQ:TECD) were released by: Globenewswire.com and their article: “TECH DATA SHAREHOLDER ALERT: CLAIMSFILER REMINDS INVESTORS WITH LOSSES IN …” published on October 07, 2017 as well as Businesswire.com‘s news article titled: “Tech Data’s Colin Blair Named to CRN “100 People You Don’t Know But Should” List” with publication date: October 09, 2017.

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