Aristides Capital LLC Takes $330,000 Position in TD SYNNEX Co. (NYSE:SNX)

Aristides Capital LLC acquired a new stake in TD SYNNEX Co. (NYSE:SNX - Free Report) in the fourth quarter, according to the company in its most recent 13F filing with the SEC. The institutional investor acquired 2,810 shares of the business services provider's stock, valued at approximately $330,000.

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

TD SYNNEX Trading Down 0.0 %

Shares of TD SYNNEX stock traded down $0.02 during trading on Friday, reaching $101.83. 1,696,937 shares of the company were exchanged, compared to its average volume of 751,299. The company has a quick ratio of 0.76, a current ratio of 1.24 and a debt-to-equity ratio of 0.46. TD SYNNEX Co. has a twelve month low of $92.23 and a twelve month high of $145.10. The firm has a market capitalization of $8.55 billion, a price-to-earnings ratio of 12.79, a P/E/G ratio of 1.06 and a beta of 1.36. The business has a 50-day moving average price of $126.24 and a 200-day moving average price of $124.42.

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

TD SYNNEX Announces Dividend

The business also recently announced 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. The ex-dividend date is Friday, April 11th. This represents a $1.76 annualized dividend and a yield of 1.73%. TD SYNNEX's dividend payout ratio (DPR) is currently 21.97%.

Analyst Ratings Changes

Several analysts have weighed in on the stock. StockNews.com cut shares of TD SYNNEX from a "buy" rating to a "hold" rating in a research note on Wednesday, March 26th. Barrington Research restated an "outperform" rating and set a $156.00 price target on shares of TD SYNNEX in a research report on Friday, March 28th. JPMorgan Chase & Co. cut their price objective on TD SYNNEX from $125.00 to $120.00 and set a "neutral" rating for the company in a research report on Friday. UBS Group lowered their target price 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, Barclays reduced their price target on shares of TD SYNNEX from $148.00 to $125.00 and set an "equal weight" rating on the stock in a research report on Friday, March 28th. Three analysts have rated the stock with a hold rating and seven have assigned a buy rating to the company. Based on data from MarketBeat, the stock currently has an average rating of "Moderate Buy" and a consensus target price of $137.22.

Insider Buying and Selling at TD SYNNEX

In other TD SYNNEX news, Director Ann F. Vezina sold 839 shares of the business's stock in a transaction that occurred 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 sale, the director now owns 4,856 shares in the company, valued at approximately $660,804.48. The trade was a 14.73 % decrease in their position. The transaction was disclosed in a legal filing with the SEC, which is accessible through this link. Also, Director Richard T. Hume sold 20,000 shares of the firm's stock in a transaction that occurred on Monday, March 3rd. The stock was sold at an average price of $135.88, for a total transaction of $2,717,600.00. Following the transaction, the director now directly owns 65,480 shares of the company's stock, valued at $8,897,422.40. This represents a 23.40 % decrease in their ownership of the stock. The disclosure for this sale can be found here. Over the last quarter, 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.

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.