Alliancebernstein L.P. Purchases 65,641 Shares of TD SYNNEX Co. (NYSE:SNX)

Alliancebernstein L.P. grew its stake in shares of TD SYNNEX Co. (NYSE:SNX - Free Report) by 6.3% during the 4th quarter, according to the company in its most recent 13F filing with the SEC. The institutional investor owned 1,102,838 shares of the business services provider's stock after buying an additional 65,641 shares during the quarter. Alliancebernstein L.P. owned 1.30% of TD SYNNEX worth $129,341,000 at the end of the most recent quarter.

Other hedge funds also recently made changes to their positions in the company. Norges Bank purchased a new stake in TD SYNNEX during the fourth quarter valued at about $121,199,000. Ninety One UK Ltd increased its position in shares of TD SYNNEX by 75.4% during the 4th quarter. Ninety One UK Ltd now owns 2,364,563 shares of the business services provider's stock valued at $277,316,000 after purchasing an additional 1,016,251 shares during the last quarter. JPMorgan Chase & Co. raised its holdings in shares of TD SYNNEX by 37.0% during the 3rd quarter. JPMorgan Chase & Co. now owns 3,012,219 shares of the business services provider's stock valued at $361,707,000 after buying an additional 813,634 shares in the last quarter. Raymond James Financial Inc. bought a new stake in TD SYNNEX in the 4th quarter worth approximately $47,094,000. Finally, Thrivent Financial for Lutherans boosted its stake in TD SYNNEX by 92.5% in the fourth quarter. Thrivent Financial for Lutherans now owns 715,603 shares of the business services provider's stock worth $83,926,000 after buying an additional 343,856 shares in the last quarter. 84.00% of the stock is owned by institutional investors.

Insider Buying and Selling at TD SYNNEX

In other news, Director Richard T. Hume sold 20,000 shares of the business's stock in a transaction on Monday, March 3rd. The shares were sold at an average price of $135.88, for a total transaction of $2,717,600.00. Following the sale, the director now owns 65,480 shares in the company, valued at approximately $8,897,422.40. The trade was a 23.40 % decrease in their position. The sale was disclosed in a filing with the SEC, which is accessible through the SEC website. Also, CEO Patrick Zammit sold 6,823 shares of TD SYNNEX stock in a transaction dated Thursday, January 30th. The shares were sold at an average price of $143.00, for a total transaction of $975,689.00. Following the transaction, the chief executive officer now directly owns 165,604 shares of the company's stock, valued at approximately $23,681,372. This trade represents a 3.96 % decrease in their ownership of the stock. The disclosure for this sale can be found here. In the last three months, insiders have sold 29,172 shares of company stock valued at $4,000,861. 1.00% of the stock is currently owned by corporate insiders.

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TD SYNNEX Trading Up 2.7 %

Shares of SNX stock traded up $2.57 during trading hours on Monday, reaching $98.38. The company's stock had a trading volume of 2,125,115 shares, compared to its average volume of 739,580. The company has a current ratio of 1.24, a quick ratio of 0.76 and a debt-to-equity ratio of 0.46. TD SYNNEX Co. has a one year low of $92.23 and a one year high of $145.10. The stock has a market capitalization of $8.30 billion, a P/E ratio of 12.36, a P/E/G ratio of 1.06 and a beta of 1.36. The firm's fifty day simple moving average is $130.92 and its 200 day simple moving average is $125.18.

TD SYNNEX (NYSE:SNX - Get Free Report) last issued its quarterly earnings data on Thursday, March 27th. The business services provider reported $2.80 earnings per share (EPS) for the quarter, missing analysts' consensus estimates of $2.87 by ($0.07). TD SYNNEX had a net margin of 1.18% and a return on equity of 11.91%. The company had revenue of $14.53 billion for the quarter, compared to analysts' expectations of $14.79 billion. During the same period in the previous year, the firm posted $2.99 earnings per share. The firm's revenue for the quarter was up 4.0% compared to the same quarter last year. Equities research analysts expect that TD SYNNEX Co. will post 11.88 EPS for the current year.

TD SYNNEX Dividend Announcement

The business also recently disclosed a quarterly dividend, which will be paid on Friday, April 25th. Shareholders of record on Friday, April 11th will be issued a $0.44 dividend. The ex-dividend date of this dividend is Friday, April 11th. This represents a $1.76 annualized dividend and a yield of 1.79%. TD SYNNEX's dividend payout ratio (DPR) is presently 21.97%.

Analyst Upgrades and Downgrades

SNX has been the topic of several research reports. 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. Cfra decreased their target price 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. JPMorgan Chase & Co. cut their price target on shares of TD SYNNEX from $150.00 to $125.00 and set a "neutral" rating for the company in a research report on Friday, March 28th. Royal Bank of Canada lifted their price objective on TD SYNNEX from $140.00 to $165.00 and gave the stock an "outperform" rating in a report on Friday, February 21st. Finally, The Goldman Sachs Group dropped their target price on TD SYNNEX from $154.00 to $137.00 and set a "buy" rating for the company in a report on Friday, March 28th. Three equities research analysts have rated the stock with a hold rating and seven have issued a buy rating to the stock. According to MarketBeat.com, the stock presently has a consensus rating of "Moderate Buy" and a consensus price target of $140.00.

TD SYNNEX Company Profile

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.