Euclidean Technologies Management Lowers stake in Tech Data Corp (TECD)

Tech Data Corp (TECD) : Euclidean Technologies Management reduced its stake in Tech Data Corp by 4.22% during the most recent quarter end. The investment management company now holds a total of 27,239 shares of Tech Data Corp which is valued at $2,232,236 after selling 1,200 shares in Tech Data Corp , the firm said in a disclosure report filed with the SEC on Aug 12, 2016.Tech Data Corp makes up approximately 2.25% of Euclidean Technologies Management’s portfolio.

Other Hedge Funds, Including , Nuveen Asset Management reduced its stake in TECD by selling 166 shares or 0.93% in the most recent quarter. The Hedge Fund company now holds 17,761 shares of TECD which is valued at $1,455,514. Tech Data Corp makes up approx 0.01% of Nuveen Asset Management’s portfolio. Bluemountain Capital Management sold out all of its stake in TECD during the most recent quarter. The investment firm sold 13,425 shares of TECD which is valued $1,100,179.Rhumbline Advisers reduced its stake in TECD by selling 12,170 shares or 14.36% in the most recent quarter. The Hedge Fund company now holds 72,597 shares of TECD which is valued at $5,949,324. Tech Data Corp makes up approx 0.02% of Rhumbline Advisers’s portfolio. Tower Research Capital (trc) added TECD to its portfolio by purchasing 3,605 company shares during the most recent quarter which is valued at $295,430. Tech Data Corp makes up approx 0.03% of Tower Research Capital (trc)’s portfolio. Monroe Bank Trustmi sold out all of its stake in TECD during the most recent quarter. The investment firm sold 143 shares of TECD which is valued $11,719.

Tech Data Corp closed down -0.36 points or -0.50% at $72.27 with 4,41,083 shares getting traded on Monday. Post opening the session at $72.52, the shares hit an intraday low of $71.9 and an intraday high of $73.03 and the price fluctuated in this range throughout the day.Shares ended Monday session in Red.

On the company’s financial health, Tech Data Corp reported $1.42 EPS for the quarter, missing the analyst consensus estimate by $ -0.01 based on the information available during the earnings call on Aug 25, 2016. Analyst had a consensus of $1.43. The company had revenue of $6353.70 million for the quarter, compared to analysts expectations of $6627.70 million. The company’s revenue was down -3.4 % compared to the same quarter last year.During the same quarter in the previous year, the company posted $1.43 EPS.

Many Wall Street Analysts have commented on Tech Data Corp. Tech Data Corp was Initiated by Northcoast to “Neutral” on Aug 10, 2016.

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 customers with logistics capabilities and services. Its customers include approximately 115000 value-added resellers (VARs) direct marketers retailers and corporate resellers who support the diverse technology needs of end users. It sells its products to customers in more than 100 countries throughout North America South America Europe the Middle East and Africa. The Company is managed in two geographic segments: the Americas and Europe. In addition to a range of product offerings the Company provides resellers training and technical support suite of electronic commerce tools (including Internet order entry and electronic data interchange (EDI) services) customized shipping documents product configuration or integration services and access to financing programs.

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