American Century Companies Inc. Sells 12,955 Shares of TD SYNNEX Co. (NYSE:SNX)

American Century Companies Inc. decreased its holdings in TD SYNNEX Co. (NYSE:SNX - Free Report) by 29.5% during the 4th quarter, according to the company in its most recent filing with the SEC. The fund owned 30,892 shares of the business services provider's stock after selling 12,955 shares during the period. American Century Companies Inc.'s holdings in TD SYNNEX were worth $3,623,000 as of its most recent SEC filing.

Several other institutional investors and hedge funds have also modified their holdings of SNX. Bartlett & CO. Wealth Management LLC grew its position in TD SYNNEX by 345.1% in the fourth quarter. Bartlett & CO. Wealth Management LLC now owns 227 shares of the business services provider's stock valued at $27,000 after acquiring an additional 176 shares during the last quarter. UMB Bank n.a. grew its holdings in shares of TD SYNNEX by 48.4% during the 4th quarter. UMB Bank n.a. now owns 429 shares of the business services provider's stock valued at $50,000 after purchasing an additional 140 shares during the last quarter. Point72 DIFC Ltd acquired a new position in TD SYNNEX during the 3rd quarter worth approximately $55,000. Blue Trust Inc. lifted its stake in TD SYNNEX by 37.7% in the 4th quarter. Blue Trust Inc. now owns 471 shares of the business services provider's stock valued at $55,000 after purchasing an additional 129 shares during the last quarter. Finally, Global Retirement Partners LLC boosted its position in TD SYNNEX by 31.9% in the fourth quarter. Global Retirement Partners LLC now owns 480 shares of the business services provider's stock valued at $56,000 after buying an additional 116 shares in the last quarter. 84.00% of the stock is currently owned by institutional investors.

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TD SYNNEX Trading Down 0.0 %

Shares of SNX traded down $0.02 during trading hours on Friday, hitting $101.83. 1,696,937 shares of the stock were exchanged, compared to its average volume of 751,299. TD SYNNEX Co. has a fifty-two week low of $92.23 and a fifty-two week high of $145.10. The business has a 50-day moving average of $126.24 and a 200-day moving average of $124.42. The firm has a market capitalization of $8.59 billion, a P/E ratio of 12.79, a price-to-earnings-growth ratio of 1.06 and a beta of 1.36. The company has a debt-to-equity ratio of 0.46, a current ratio of 1.24 and a quick ratio of 0.76.

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

TD SYNNEX Dividend Announcement

The firm also recently declared a quarterly dividend, which will be paid on Friday, April 25th. Shareholders of record on Friday, April 11th will be issued a dividend of $0.44 per share. This represents a $1.76 dividend on an annualized basis and a dividend yield of 1.73%. The ex-dividend date is Friday, April 11th. TD SYNNEX's payout ratio is 21.97%.

Insiders Place Their Bets

In other news, Director Richard T. Hume sold 20,000 shares of the firm's stock in a transaction dated Monday, March 3rd. The stock was sold at an average price of $135.88, for a total value of $2,717,600.00. Following the completion of the sale, the director now directly owns 65,480 shares in the company, valued at $8,897,422.40. This trade represents a 23.40 % decrease in their position. The sale was disclosed in a filing with the SEC, which is available at this link. Also, CFO Marshall Witt sold 1,510 shares of the company's stock in a transaction that occurred on Tuesday, March 18th. The stock was sold at an average price of $128.08, for a total value of $193,400.80. Following the transaction, the chief financial officer now directly owns 49,843 shares in the company, valued at approximately $6,383,891.44. This trade represents a 2.94 % 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 worth $4,000,861. Corporate insiders own 1.00% of the company's stock.

Wall Street Analysts Forecast Growth

SNX has been the subject of several research analyst reports. JPMorgan Chase & Co. lowered their price target on shares of TD SYNNEX from $125.00 to $120.00 and set a "neutral" rating for the company in a report on Friday. StockNews.com downgraded TD SYNNEX from a "buy" rating to a "hold" rating in a research report on Wednesday, March 26th. Barclays cut their price target on TD SYNNEX from $148.00 to $125.00 and set an "equal weight" rating on the stock in a research note on Friday, March 28th. UBS Group lowered their price objective on TD SYNNEX from $150.00 to $138.00 and set a "buy" rating for the company in a research note on Friday, March 28th. Finally, Barrington Research reiterated an "outperform" rating and set a $156.00 target price on shares of TD SYNNEX in a research report on Friday, March 28th. Three research analysts have rated the stock with a hold rating and seven have given a buy rating to the stock. According to data from MarketBeat, the stock currently has an average rating of "Moderate Buy" and a consensus price target of $137.22.

TD SYNNEX 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.