Uniting Wealth Partners LLC acquired a new position in shares of TD SYNNEX Co. (NYSE:SNX - Free Report) in the 4th quarter, according to its most recent 13F filing with the Securities and Exchange Commission. The institutional investor acquired 3,514 shares of the business services provider's stock, valued at approximately $412,000.
Other institutional investors have also added to or reduced their stakes in the company. ExodusPoint Capital Management LP lifted its holdings in shares of TD SYNNEX by 155.6% during the fourth quarter. ExodusPoint Capital Management LP now owns 44,812 shares of the business services provider's stock worth $5,256,000 after purchasing an additional 27,282 shares during the period. Kesler Norman & Wride LLC bought a new stake in TD SYNNEX in the 4th quarter valued at about $746,000. Alliancebernstein L.P. raised its stake in TD SYNNEX by 6.3% during the 4th quarter. Alliancebernstein L.P. now owns 1,102,838 shares of the business services provider's stock worth $129,341,000 after buying an additional 65,641 shares during the period. O Shaughnessy Asset Management LLC increased its holdings in shares of TD SYNNEX by 7.6% during the fourth quarter. O Shaughnessy Asset Management LLC now owns 9,888 shares of the business services provider's stock valued at $1,160,000 after acquiring an additional 700 shares in the last quarter. Finally, Brandywine Global Investment Management LLC raised its position in shares of TD SYNNEX by 83.5% during the fourth quarter. Brandywine Global Investment Management LLC now owns 104,845 shares of the business services provider's stock worth $12,296,000 after purchasing an additional 47,712 shares during the period. 84.00% of the stock is currently owned by institutional investors and hedge funds.
TD SYNNEX Trading Up 1.7 %
Shares of TD SYNNEX stock traded up $1.65 during trading on Tuesday, reaching $100.06. 583,877 shares of the stock were exchanged, compared to its average volume of 739,150. The company has a quick ratio of 0.76, a current ratio of 1.24 and a debt-to-equity ratio of 0.46. The firm has a market cap of $8.44 billion, a price-to-earnings ratio of 12.52, a price-to-earnings-growth ratio of 1.06 and a beta of 1.36. TD SYNNEX Co. has a 1 year low of $92.23 and a 1 year high of $145.10. The stock's fifty day moving average is $130.92 and its 200 day moving average is $125.18.
TD SYNNEX (NYSE:SNX - Get Free Report) last released its quarterly earnings data on Thursday, March 27th. The business services provider reported $2.80 earnings per share for the quarter, missing the consensus estimate of $2.87 by ($0.07). The business had revenue of $14.53 billion during the quarter, compared to analysts' expectations of $14.79 billion. TD SYNNEX had a return on equity of 11.91% and a net margin of 1.18%. The company's quarterly revenue was up 4.0% compared to the same quarter last year. During the same quarter last year, the business posted $2.99 EPS. As a group, equities research analysts expect that TD SYNNEX Co. will post 11.88 earnings per share for the current fiscal year.
TD SYNNEX Announces Dividend
The business also recently declared a quarterly dividend, which will be paid on Friday, April 25th. Stockholders of record on Friday, April 11th will be given a $0.44 dividend. This represents a $1.76 annualized dividend and a dividend yield of 1.76%. The ex-dividend date is Friday, April 11th. TD SYNNEX's dividend payout ratio is presently 21.97%.
Insider Buying and Selling
In other TD SYNNEX news, Director Ann F. Vezina sold 839 shares of TD SYNNEX stock in a transaction on Thursday, January 16th. The stock was sold at an average price of $136.08, for a total value of $114,171.12. Following the completion of the sale, the director now owns 4,856 shares of the company's stock, valued at approximately $660,804.48. This trade represents a 14.73 % decrease in their position. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is accessible through this link. Also, CFO Marshall Witt sold 1,510 shares of the business's stock in a transaction dated Tuesday, March 18th. The stock was sold at an average price of $128.08, for a total value of $193,400.80. Following the completion of the transaction, the chief financial officer now directly owns 49,843 shares of the company's stock, valued at approximately $6,383,891.44. This trade represents a 2.94 % decrease in their position. The disclosure for this sale can be found here. Insiders have sold a total of 29,172 shares of company stock worth $4,000,861 in the last quarter. Corporate insiders own 1.00% of the company's stock.
Wall Street Analysts Forecast Growth
A number of research firms have issued reports on SNX. Royal Bank of Canada lifted their price target on TD SYNNEX from $140.00 to $165.00 and gave the company an "outperform" rating in a research note on Friday, February 21st. Cfra lowered their price objective on shares of TD SYNNEX from $147.00 to $132.00 and set a "buy" rating on the stock in a research report on Friday, March 28th. The Goldman Sachs Group decreased their price target on shares of TD SYNNEX from $154.00 to $137.00 and set a "buy" rating for the company in a research note on Friday, March 28th. JPMorgan Chase & Co. decreased their target price on TD SYNNEX from $150.00 to $125.00 and set a "neutral" rating for the company in a research report on Friday, March 28th. Finally, Barrington Research reissued an "outperform" rating and set a $156.00 price target on shares of TD SYNNEX in a research note on Friday, March 28th. Three investment analysts have rated the stock with a hold rating and seven have given a buy rating to the company. According to data from MarketBeat, the company currently has an average rating of "Moderate Buy" and an average price target of $140.00.
Check Out Our Latest Research Report on SNX
TD SYNNEX Company Profile
(
Free Report)
TD SYNNEX Corporation operates as a distributor and solutions aggregator for the information technology (IT) ecosystem. The company offers personal computing devices and peripherals, mobile phones and accessories, printers, supplies, and endpoint technology software; and data center technologies, such as hybrid cloud, security, storage, networking, servers, technology software, and converged and hyper-converged infrastructure, as well as computing components.
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