Amalgamated Bank Reduces Stock Holdings in TD SYNNEX Co. (NYSE:SNX)

Amalgamated Bank lowered its stake in TD SYNNEX Co. (NYSE:SNX - Free Report) by 25.0% in the 3rd quarter, according to the company in its most recent 13F filing with the Securities & Exchange Commission. The firm owned 36,203 shares of the business services provider's stock after selling 12,073 shares during the quarter. Amalgamated Bank's holdings in TD SYNNEX were worth $4,347,000 as of its most recent filing with the Securities & Exchange Commission.

Other large investors also recently modified their holdings of the company. V Square Quantitative Management LLC purchased a new position in shares of TD SYNNEX during the third quarter valued at approximately $30,000. UMB Bank n.a. boosted its position in shares of TD SYNNEX by 99.3% during the third quarter. UMB Bank n.a. now owns 289 shares of the business services provider's stock valued at $35,000 after purchasing an additional 144 shares in the last quarter. Kathleen S. Wright Associates Inc. bought a new stake in shares of TD SYNNEX during the third quarter valued at approximately $37,000. Blue Trust Inc. boosted its position in shares of TD SYNNEX by 52.3% during the second quarter. Blue Trust Inc. now owns 358 shares of the business services provider's stock valued at $40,000 after purchasing an additional 123 shares in the last quarter. Finally, GAMMA Investing LLC boosted its position in shares of TD SYNNEX by 217.5% during the second quarter. GAMMA Investing LLC now owns 454 shares of the business services provider's stock valued at $52,000 after purchasing an additional 311 shares in the last quarter. 84.00% of the stock is owned by hedge funds and other institutional investors.

Analyst Ratings Changes

Several research firms have commented on SNX. Barclays boosted their target price on TD SYNNEX from $131.00 to $132.00 and gave the stock an "equal weight" rating in a report on Friday, September 27th. Barrington Research reissued an "outperform" rating and issued a $138.00 target price on shares of TD SYNNEX in a report on Monday, September 23rd. Loop Capital reissued a "buy" rating and issued a $150.00 target price on shares of TD SYNNEX in a report on Monday, October 7th. StockNews.com raised TD SYNNEX from a "hold" rating to a "buy" rating in a report on Friday, August 16th. Finally, Royal Bank of Canada reaffirmed an "outperform" rating and set a $140.00 price target on shares of TD SYNNEX in a report on Friday, September 27th. Three equities research analysts have rated the stock with a hold rating and six have given a buy rating to the company. Based on data from MarketBeat.com, TD SYNNEX currently has a consensus rating of "Moderate Buy" and a consensus target price of $134.75.

TD SYNNEX Stock Performance

SNX stock traded up $0.96 during trading on Friday, reaching $125.79. The stock had a trading volume of 512,339 shares, compared to its average volume of 791,679. TD SYNNEX Co. has a 52 week low of $92.66 and a 52 week high of $133.85. The stock's 50 day moving average is $118.08 and its two-hundred day moving average is $119.68. The company has a current ratio of 1.25, a quick ratio of 0.77 and a debt-to-equity ratio of 0.46. The firm has a market cap of $10.70 billion, a PE ratio of 16.27, a PEG ratio of 1.25 and a beta of 1.48.

TD SYNNEX (NYSE:SNX - Get Free Report) last posted its earnings results on Thursday, September 26th. The business services provider reported $2.86 earnings per share for the quarter, beating analysts' consensus estimates of $2.80 by $0.06. TD SYNNEX had a return on equity of 12.15% and a net margin of 1.20%. The company had revenue of $14.68 billion for the quarter, compared to the consensus estimate of $14.11 billion. During the same quarter in the prior year, the company earned $2.71 earnings per share. TD SYNNEX's revenue was up 5.2% on a year-over-year basis. As a group, equities analysts anticipate that TD SYNNEX Co. will post 11.03 earnings per share for the current year.

TD SYNNEX Announces Dividend

The business also recently disclosed a quarterly dividend, which was paid on Friday, October 25th. Stockholders of record on Friday, October 11th were paid a $0.40 dividend. This represents a $1.60 annualized dividend and a dividend yield of 1.27%. The ex-dividend date of this dividend was Friday, October 11th. TD SYNNEX's dividend payout ratio (DPR) is currently 20.70%.

Insider Transactions at TD SYNNEX

In related news, insider Dennis Polk sold 15,689 shares of TD SYNNEX stock in a transaction that occurred on Wednesday, October 2nd. The stock was sold at an average price of $116.93, for a total transaction of $1,834,514.77. Following the sale, the insider now owns 134,706 shares of the company's stock, valued at approximately $15,751,172.58. This trade represents a 0.00 % decrease in their position. The sale was disclosed in a document filed with the Securities & Exchange Commission, which can be accessed through this link. In related news, insider Dennis Polk sold 15,689 shares of TD SYNNEX stock in a transaction that occurred on Wednesday, October 2nd. The stock was sold at an average price of $116.93, for a total transaction of $1,834,514.77. Following the sale, the insider now owns 134,706 shares of the company's stock, valued at approximately $15,751,172.58. This trade represents a 0.00 % decrease in their position. The sale was disclosed in a document filed with the Securities & Exchange Commission, which can be accessed through this link. Also, Director Ann F. Vezina sold 1,937 shares of TD SYNNEX stock in a transaction that occurred on Wednesday, October 9th. The shares were sold at an average price of $121.11, for a total value of $234,590.07. Following the sale, the director now directly owns 5,695 shares in the company, valued at $689,721.45. This trade represents a 0.00 % decrease in their position. The disclosure for this sale can be found here. Insiders have sold 69,645 shares of company stock valued at $8,414,329 over the last quarter. 1.90% of the stock is currently owned by company insiders.

About TD SYNNEX

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.