Nationwide Fund Advisors Has $13.29 Million Holdings in Tech Data Corporation (TECD)

Nationwide Fund Advisors lifted its holdings in shares of Tech Data Corporation (NASDAQ:TECD) by 21.0% during the 3rd quarter, according to its most recent disclosure with the SEC. The fund owned 149,525 shares of the company’s stock after purchasing an additional 25,916 shares during the period. Nationwide Fund Advisors owned 0.39% of Tech Data worth $13,285,000 at the end of the most recent reporting period.

Other hedge funds have also made changes to their positions in the company. SpiderRock Advisors LLC bought a new stake in shares of Tech Data during the third quarter worth $106,000. Zurcher Kantonalbank Zurich Cantonalbank grew its holdings in shares of Tech Data by 15.1% during the second quarter. Zurcher Kantonalbank Zurich Cantonalbank now owns 1,490 shares of the company’s stock worth $150,000 after purchasing an additional 195 shares during the last quarter. Riverhead Capital Management LLC grew its holdings in shares of Tech Data by 78.4% during the second quarter. Riverhead Capital Management LLC now owns 2,497 shares of the company’s stock worth $252,000 after purchasing an additional 1,097 shares during the last quarter. Shelton Capital Management acquired a new position in shares of Tech Data during the second quarter valued at $264,000. Finally, Zweig DiMenna Associates LLC acquired a new position in shares of Tech Data during the second quarter valued at $273,000. Institutional investors own 98.39% of the company’s stock.

Tech Data Corporation (NASDAQ TECD) opened at $97.58 on Friday. The company has a current ratio of 1.35, a quick ratio of 0.94 and a debt-to-equity ratio of 0.66. The stock has a market capitalization of $3,689.42, a PE ratio of 12.00, a P/E/G ratio of 0.48 and a beta of 0.78. Tech Data Corporation has a fifty-two week low of $81.42 and a fifty-two week high of $111.10.

Tech Data (NASDAQ:TECD) last posted its quarterly earnings data on Monday, November 27th. The company reported $2.00 earnings per share (EPS) for the quarter, topping the Zacks’ consensus estimate 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 return on equity of 11.90% and a net margin of 0.59%. Tech Data’s quarterly revenue was up 40.8% on a year-over-year basis. During the same period last year, the company earned $1.44 earnings per share. analysts anticipate that Tech Data Corporation will post 9.14 EPS for the current year.

In other Tech Data news, COO Richard T. Hume sold 3,100 shares of the firm’s stock in a transaction that occurred on Thursday, November 30th. The stock was sold at an average price of $98.06, for a total value of $303,986.00. The transaction was disclosed in a filing with the Securities & Exchange Commission, which can be accessed through this link. 1.60% of the stock is owned by company insiders.

TECD has been the topic of several research reports. Zacks Investment Research raised Tech Data from a “sell” rating to a “hold” rating in a research note on Monday, August 7th. BidaskClub lowered Tech Data from a “buy” rating to a “hold” rating in a research note on Friday, August 11th. Loop Capital initiated coverage on Tech Data in a research note on Thursday, August 24th. They issued a “buy” rating and a $130.00 target price on the stock. Northcoast Research reissued a “neutral” rating on shares of Tech Data in a research note on Monday, August 28th. Finally, Citigroup reissued a “hold” rating and issued a $100.00 target price on shares of Tech Data in a research note on Friday, September 1st. Four analysts have rated the stock with a hold rating and eight have given a buy rating to the company. The company presently has a consensus rating of “Buy” and a consensus target price of $112.33.

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About Tech Data

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.

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

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