As Tech Data Corp (TECD) Share Value Declined, Hancock Holding Company Cut Position by $5.97 Million

April 21, 2018 - By reb123z

Tech Data Corporation (NASDAQ:TECD) LogoInvestors sentiment increased to 1.39 in Q4 2017. Its up 0.22, from 1.17 in 2017Q3. It increased, as 25 investors sold TECD shares while 78 reduced holdings. 45 funds opened positions while 98 raised stakes. 35.11 million shares or 3.31% less from 36.31 million shares in 2017Q3 were reported. Evercore Wealth Lc owns 100 shares. Art Advsrs Limited Company invested 0.11% in Tech Data Corporation (NASDAQ:TECD). Springowl Associate Limited Liability has 0.99% invested in Tech Data Corporation (NASDAQ:TECD) for 15,500 shares. Hotchkis And Wiley Cap Mngmt Limited Liability Corp accumulated 8,767 shares. 5,992 were accumulated by Alpha Windward Ltd Liability Corporation. United Service Automobile Association owns 0.02% invested in Tech Data Corporation (NASDAQ:TECD) for 58,233 shares. Smith Asset Mgmt Ltd Partnership has invested 0.1% in Tech Data Corporation (NASDAQ:TECD). 21,593 are held by Citigroup. Mason Street Limited invested in 17,103 shares or 0.04% of the stock. Globeflex Cap LP holds 0.65% in Tech Data Corporation (NASDAQ:TECD) or 23,740 shares. Victory Cap Mgmt stated it has 745,119 shares. Aqr Cap Ltd Limited Liability Company holds 0.1% or 1.01M shares in its portfolio. Teachers Ins And Annuity Association Of America has invested 0.08% of its portfolio in Tech Data Corporation (NASDAQ:TECD). Convergence Invest Prtnrs Limited Liability Company has invested 0.23% in Tech Data Corporation (NASDAQ:TECD). Salem Investment Counselors accumulated 500 shares or 0.01% of the stock.

Hancock Holding Company decreased its stake in Tech Data Corp (TECD) by 21.32% based on its latest 2017Q4 regulatory filing with the SEC. Hancock Holding Company sold 61,534 shares as the company’s stock declined 16.37% with the market. The institutional investor held 227,067 shares of the computer software & peripheral equipment company at the end of 2017Q4, valued at $22.25 million, down from 288,601 at the end of the previous reported quarter. Hancock Holding Company who had been investing in Tech Data Corp for a number of months, seems to be less bullish one the $3.08B market cap company. The stock decreased 1.49% or $1.22 during the last trading session, reaching $80.75. About 293,983 shares traded. Tech Data Corporation (NASDAQ:TECD) has declined 9.32% since April 21, 2017 and is downtrending. It has underperformed by 20.87% the S&P500.

Hancock Holding Company, which manages about $2.42 billion US Long portfolio, upped its stake in Firstenergy Corp (NYSE:FE) by 362,408 shares to 402,456 shares, valued at $12.32 million in 2017Q4, according to the filing. It also increased its holding in Morgan Stanley (NYSE:MS) by 220,692 shares in the quarter, for a total of 301,059 shares, and has risen its stake in Insperity (NYSE:NSP).

Analysts await Tech Data Corporation (NASDAQ:TECD) to report earnings on June, 7. They expect $1.48 EPS, down 20.86 % or $0.39 from last year’s $1.87 per share. TECD’s profit will be $56.49 million for 13.64 P/E if the $1.48 EPS becomes a reality. After $3.50 actual EPS reported by Tech Data Corporation for the previous quarter, Wall Street now forecasts -57.71 % negative EPS growth.

Tech Data Corporation (NASDAQ:TECD) Ratings Coverage

Among 6 analysts covering Tech Data Corp (NASDAQ:TECD), 4 have Buy rating, 0 Sell and 2 Hold. Therefore 67% are positive. Tech Data Corp had 7 analyst reports since November 28, 2017 according to SRatingsIntel. The rating was maintained by Stifel Nicolaus with “Buy” on Tuesday, November 28. The rating was maintained by Bank of America with “Buy” on Friday, March 9. The rating was maintained by Citigroup with “Neutral” on Friday, March 9. As per Tuesday, November 28, the company rating was maintained by Raymond James. The stock of Tech Data Corporation (NASDAQ:TECD) earned “Buy” rating by Northcoast on Wednesday, February 28. Stifel Nicolaus maintained it with “Buy” rating and $110.0 target in Thursday, March 8 report.

Tech Data Corporation (NASDAQ:TECD) Institutional Positions Chart

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