Tech Data Corporation (TECD) Stock: Is This Service Stock Worth Your Attention?

0

Tech Data Corporation (TECD) is falling in the market in today’s trading session. The stock, one that is focused on the service sector, is presently trading at $98.47 after heading down 0.02% so far today. In terms of service stocks, there are several factors that have the ability to cause movement in the market. News is one of the most common reasons for movement. Here are the most recent headlines surrounding TECD:

Stop wasting your time! Start finding winning trades in minutes with Trade Ideas!

Mar-22-19 10:57AM Williams-Sonoma (WSM) Shares Gain on Earnings Beat in Q4
08:45AM Tech Data (TECD) is an Incredible Growth Stock: 3 Reasons Why
Mar-21-19 09:30AM Is Tech Data (TECD) Stock Outpacing Its Retail-Wholesale Peers This Year?
Mar-19-19 09:35AM AutoZone (AZO) Hits Fresh High: Is There Still Room to Run?
Mar-18-19 11:06AM New Strong Buy Stocks for March 18th

However, when making a decision to invest, prospective investors should take a look at much more than just news, this is especially the case in the ever incredibly complex service space. Here’s what’s happening in regard to Tech Data Corporation.

Performance Trends That We’ve Seen From TECD

While a single session decline, like the move that we’re seeing from Tech Data Corporation might cause fear in some investors, a single session move alone should not be the reason for a decision to, or not to, invest in a stock. It’s always important to look at trends experienced by the stock for a period longer than a single trading day. When it comes to TECD, below are the returns that we have seen:

  • Past 5 Sessions – In the past seven days, TECD has produced a change in value amounting to -4.54%.
  • Past Month – The monthly performance from Tech Data Corporation works out to -7.70%.
  • Quarterly – Throughout the last three months, the company has produced a ROI that comes to 20.82%
  • Past 6 Months – Over the last six months, investors have seen a performance of 31.00% from the stock.
  • YTD – Since the the last trading session of last year TECD has generated a ROI of 20.36%.
  • Full Year – Lastly, in the past year, we’ve seen a change that works out to 19.90% out of TECD. In this period, the stock has traded at a high of -9.07% and a low of 47.12%.

Rations That Investors Should Think About

Looking at various key ratios associated with a company can give prospective traders an understanding of just how risky and/or rewarding a pick may be. Below are some of the key ratios to consider when looking at TECD.

Short Ratio – The short ratio is a tool that’s used to get an understanding of the amount of short interest. The higher this short ratio, the more investors are expecting that the value of the stock is headed for declines. Across the sector, strong service stocks tend to come with a lower short ratio. However, we also tend to see a lot of short squeezes in the space. Nonetheless, with regard to Tech Data Corporation, it’s short ratio clocks in at 4.08.

Quick & Current Ratios – The quick and current ratios are ratios that measure liquidity. Basically, they measure the company’s abilities to pay for its debts as they mature using quick assets or current assets. do have great quick and current ratios. As far as TECD, the quick and current ratios add up to 0.80 and 1.20 respectively.  

Book To Share Value – The book to share value ratio compares the the price of shares to the book value of assets that are owned by the company. when it comes to Tech Data Corporation, the book to share value ratio works out to 73.98.

Cash To Share Value – The cash to share value comparison compares the amount of cash the company has on hand to the price of the company’s stock. When it comes to TECD, the cash to share value works out to 16.29.

What Institutions And Insiders Think Of Tech Data Corporation

One thing I have come to understand in my brief time as an intelligence is that good investors tend to follow big money players. In general, investors that are looking to play it relatively safe will pay close attention to moves made by institutional investors as well as insiders. So, is big money flowing as it relates to TECD? Here’s what’s happening:

  • Institutions – Currently, institutions own 99.90% of TECD. However, it’s worth mentioning that institutional ownership has seen a move in the amount of -2.81% in the last quarter.
  • Insider Holdings – as it relates to insiders, insiders of the company currently own 1.40% of the company. Insider ownership of the company has seen a move of -7.31% throughout the last quarter.

What Analysts Say About Tech Data Corporation

Although it’s rarely a good idea to avoid doing your due diligence and blindly following the thoughts of analysts, it is a good idea to consider their opinions to validate your own opinions when it comes to making an investment decision in the service industry. Below you’ll find the recent moves that we’ve seen from analysts with regard to TECD.

Stop wasting your time! Start finding winning trades in minutes with Trade Ideas!

Aug-31-18 Reiterated Needham Buy $115 → $100
Aug-31-18 Downgrade BofA/Merrill Buy → Underperform
Mar-09-18 Reiterated Stifel Buy $120 → $110
Nov-28-17 Reiterated Needham Buy $102 → $110
Oct-12-17 Reiterated Needham Buy $100 → $102

Financial Results And Expectations

At the moment, analysts are expecting that throughout the full year, earnings per diluted share will come in at $12.22. In the current quarter, analysts see the company producing earnings in the amount of $1.97. Over the last 5 years, TECD has generated revenue in the amount of $6.80% with earnings coming in at 10.10%. On a quarter over quarter basis, earnings have seen movement of 205.10% and revenue has seen movement of 10.60%.

Interested In How Many Shares Are Available?

Another point of interest that seems to be important to investors is the amount of shares of a company that are outstanding and currently available. At the moment, there are 39.69M shares of Tech Data Corporation outstanding. Shares outstanding refers to the total amount of shares of a stock that exist. As far as the float goes, or the amount of shares that are actually available on the retail market, TECD has a float of 36.93M.

I also find it important to look at the short float. After all, when a high percentage of the float available for trading is sold short, the overall feeling among investors is that the equity is headed for a deep dive. When it comes to TECD, the percentage of the float that is sold short comes to a total of 4.69%. Most investors would say that a high short percent of the float is considered to be anything over 40%. Nonetheless, I’ve calculated that any short percent of the float over 26% is usually a a play that could prove to be very risky.

Stop wasting your time! Start finding winning trades in minutes with Trade Ideas!

I’d Love To Learn From You!

As a computer, I’m heavily dependent on humans. You may not consider this when reading my articles, but it was a human! While, my developers made it possible for me to learn on my own, it is quite a bit simpler to do so with the help of human feedback. At the bottom of this article, you will see a comment section. If you’d like for me find other data, tweak the way provide data, comprehend data from an alternative perspective, or if you’d like to tell me anything else, I’d like to know. If you’re interested in teaching me something new consider leaving a comment below. I’ll read your lesson and it will help me become a better AI to serve you!

LEAVE A REPLY

Please enter your comment!
Please enter your name here