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TECD $144.9

TECD target price
144.90
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0
Tech Data Corporation
Type
Public
Traded as NASDAQ: TECD
S&P 400 Component
Industry Distribution (business)
Technology
Electronics
Computer hardware
Computer software
IT consulting
Retail
Founded Clearwater, Florida, U.S.
(1974; 43 years ago (1974))
Founder Edward C. Raymund
Headquarters Clearwater, Florida, United States
Area served
100+ countries
Revenue Increase US$ 35 billion (2015)
Number of employees
14,000 (2017)
Website TechData.com

Tech Data Corporation (commonly referred to as Tech Data) is an American multinational distribution company specializing in IT products and services headquartered in Clearwater, Florida. Tech Data provides a broad range of product lines, logistics capabilities and value-added services that enable technology manufacturers and resellers, such as Apple, Cisco, Hewlett Packard Enterprise, Hewlett-Packard Inc., IBM, Lenovo, Microsoft, Sony, Symantec and VMware, to deploy IT solutions.

Tech Data is now one of the world’s largest distributors of IT products and services, generating $27.7 billion in net sales for the fiscal year ended January 31, 2015. The company is ranked No. 108 on the Fortune 500 and one of Fortune’s “World’s Most Admired Companies.”

Founded in Clearwater, FL by Edward C. Raymund in November 1974, Tech Data Corporation marketed data processing supplies for mini and mainframe computers. In 1983, Tech Data began to transition from a reseller to full-line national distributor of personal computer products, a transition led by Steven A. Raymund, Edward's son.

Steve A. Raymund succeeded Edward C. Raymund as Chief Executive Officer in 1986, the same year Tech Data announced its initial public stock offering on NASDAQ (ticker symbol: TECD).

In 2006, Robert M. Dutkowsky was named Chief Executive Officer.

Over the past 20 years, Tech Data expanded its business into Canada, Mexico and Europe by acquiring 18 companies. Some companies acquired included Canadian-based ParityPlus, Paris-based Softmart International, Munich-based Computer 2000 AG, Globelle Canada, UK-based Azlan Group PLC, Actebis AG Switzerland, Nordics-based IT distributor Scribona, Netherlands-based Triade Holding B.V., Specialist Distribution Group (SDG), and Signature Technology Group (STG).

On August 25, 2015, Talkin’ Cloud ranked Tech Data one of the world’s top cloud service providers for the second consecutive year, naming Tech Data No. 24 on the annual list.

In the second quarter of 2015, Tech Data posted record earnings, increasing net income by 22.4% and sales by 8%. Tech Data's data-center business is attributed with the record earnings.

In September 2016, Tech Data announced that it had entered into an agreement to acquire the Technology Solutions operating group from Avnet, Inc. in a stock and cash transaction valued at approximately USD $2.6 billion. Under the terms of the agreement, Avnet received at closing approximately USD $2.4 billion in cash and 2.785 million shares of Tech Data common stock, representing an approximate 7 percent ownership position in Tech Data. The acquisition was closed in February 2017.

Q reports

Period Date Adjusted Actuals EPS GAAP EPS
Q1 2020 2020-05-28 2.22 1.34
Q4 2019 2020-03-05 4.88 4.15
Q3 2019 2019-11-26 3.02 2.52
Q2 2019 2019-08-29 2.69 2.16
Q1 2019 2019-05-30 2.04 1.49
Q4 2018 2019-03-07 4.55 3.11
Q3 2018 2018-11-29 3.02 2.96

Ratings

2016-06-29 Reiterated Rating Raymond James Market Perform
2016-06-29 Reiterated Rating Raymond James Financial Inc. Market Perform
2016-05-27 Boost Price Target Citigroup Inc. Sell $55.00 to $59.00
2016-05-23 Reiterated Rating Brean Capital Buy $82.00
2016-05-02 Downgrade Citigroup Inc. Neutral to Sell $76.00 to $55.00
2016-03-04 Reiterated Rating Brean Capital Buy $75.00 to $82.00
2015-11-25 Upgrade Raymond James Underperform to Market Perform $67.00 to $68.09
2015-11-23 Reiterated Rating Brean Capital Buy
2015-10-12 Downgrade Raymond James Market Perform to Underperform
2015-08-21 Reiterated Rating Brean Capital Buy $71.00 to $75.00
2015-08-18 Initiated Coverage Bank of America Underperform $49.00
2015-08-18 Initiated Coverage Bank of America Corp. Underperform $49.00
2015-06-22 Reiterated Rating Raymond James Market Perform
2015-05-29 Downgrade Raymond James Outperform to Market Perform
2015-05-29 Boost Price Target Brean Capital Buy $63.00 to $71.00
2015-05-28 Reiterated Rating Raymond James Outperform to Market Perform $62.00
2015-03-20 Lower Price Target Roth Capital Outperform $66.00 to $62.00
2015-03-20 Reiterated Rating Citigroup Inc. Hold $69.00 to $62.00
2015-03-20 Downgrade Needham & Company LLC Buy to Hold
2015-03-20 Lower Price Target Brean Capital Buy $73.00 to $63.00
2015-03-13 Lower Price Target Needham & Company LLC Buy $72.00 to $60.00
2015-03-12 Lower Price Target Barclays Equal Weight $63.00 to $57.00
2015-03-12 Lower Price Target Barclays PLC Equal Weight $63.00 to $57.00
2015-01-14 Lower Price Target Barclays Equal Weight $66.00 to $63.00
2015-01-14 Downgrade Goldman Sachs Neutral to Sell $57.00 to $49.00
2015-01-14 Downgrade Goldman Sachs Group Inc. Neutral to Sell $57.00 to $49.00
2014-08-27 Boost Price Target Brean Capital Buy $70.00 to $73.00
2014-08-27 Boost Price Target Needham & Company LLC $70.00 to $72.00
2014-08-27 Boost Price Target Barclays $65.00 to $69.00
2014-08-26 Boost Price Target Goldman Sachs $59.00
2014-07-16 Upgrade Bank of America Underperform to Neutral
2014-05-30 Lower Price Target Brean Capital Buy $75.00 to $70.00
2014-05-30 Reiterated Rating Citigroup Inc. Neutral $66.00 to $62.00
2014-05-30 Boost Price Target Raymond James Outperform $68.00 to $70.00
2014-05-30 Downgrade Credit Agricole Outperform to Underperform
2014-05-22 Initiated Coverage Goldman Sachs Neutral $54.00
2014-04-29 Upgrade Raymond James Market Perform to Outperform $68.00
2014-04-11 Reiterated Rating Citigroup Inc. Neutral $60.00 to $66.00
2014-04-10 Reiterated Needham Buy $63 to $70
2014-04-10 Boost Price Target Brean Capital Buy $64.00 to $75.00
2014-04-10 Boost Price Target Needham & Company LLC Buy $63.00 to $70.00
2014-04-10 Boost Price Target Bank of America $50.00 to $59.00
2014-03-10 Upgrade Ned Davis Research Neutral to Buy
2014-02-26 Boost Price Target Brean Capital $54.00 to $64.00
2013-12-04 Reiterated Rating Morgan Stanley Equal Weight
2011-11-21 Reiterated Needham Buy $56 to $54
2011-05-24 Reiterated Barclays Capital Equal Weight $54 to $51
2010-11-23 Reiterated Brean Murray Buy $50 to $55
2010-11-23 Reiterated Barclays Capital Equal Weight $42 to $49
2010-03-02 Upgrade Needham Buy to Strong Buy $51
2009-11-24 Reiterated Brean Murray Buy $40 to $50
2009-08-21 Upgrade Citigroup Hold to Buy
2009-08-21 Upgrade Brean Murray Hold to Buy $40
2009-07-28 Initiated Ladenburg Thalmann Buy $41
2016-06-29 Reiterated Rating Raymond James Market Perform
2016-06-29 Reiterated Rating Raymond James Financial Inc. Market Perform
2016-05-27 Boost Price Target Citigroup Inc. Sell $55.00 to $59.00
2016-05-23 Reiterated Rating Brean Capital Buy $82.00
2016-05-02 Downgrade Citigroup Inc. Neutral to Sell $76.00 to $55.00

There is presents forecasts of rating agencies and recommendations for investors about this ticker

Major Shareholders

Name Relationship Total Shares Holding stocks
DUTKOWSKY ROBERT M Chief Executive Officer 0.66%  (251561) ADT / TECD / USFD /
RAYMUND STEVEN A 0.46%  (174805) JBL / TECD / WCC /
HOWELLS JEFFERY P Exec Vice President & CFO 0.16%  (60042) TECD /
HUME RICHARD T Chief Operating Officer 0.13%  (50067) TECD /
CANO NESTOR President, Europe 0.12%  (46008) S / TECD /
VETTER DAVID R SVP,General Counsel,Secretary 0.11%  (42070) TECD /
Tonnison John A Executive Vice President/CIO 0.09%  (34923) TECD /
QUAGLIA JOSEPH H President, The Americas 0.09%  (33777) TECD /
DANNEWITZ CHARLES V SVP, Treasurer 0.08%  (31844) TECD /
Amsellem Alain SVP & CFO, Europe 0.08%  (28917) TECD /
Wright Murray N President, Americas 0.07%  (27989) TECD / TESS /
Zammit Patrick President, Europe 0.07%  (27283) AVT / TECD /
MISUNAS KATHY 0.07%  (27239) TECD / WIFI /
TUNG SAVIO 0.05%  (18923) TECD /
TREPANI JOSEPH B SVP/Corp Controller 0.04%  (16420) TECD /
ADAIR CHARLES E 0.04%  (15750) RYAM / TECD / TMK /
MORGAN THOMAS I 0.04%  (15421) ESI / RYAM / RYN / TECD /
SIMONETTI BETH E SVP/Chief HR Officer 0.04%  (13972) TECD /
HARCZAK HARRY J JR 0.03%  (12767) TECD / USM /
Sayer Patrick Georges 0.03%  (11685) TECD /
UPTON DAVID M 0.03%  (10984) TECD /
Taylor Jeffrey Louis SVP, Corporate Controller 0.02%  (7990) TECD /
RABINOVITCH MICHAEL SVP, Chief Accounting Officer 0.02%  (6241) ODP / TECD /
Heller Bridgette P 0.01%  (3863) ADT / MRK / TECD /
Dahut Karen M 0.01%  (3825) BAH / TECD /