Atom Investors LP Boosts Position in TD SYNNEX Co. (NYSE:SNX)

Atom Investors LP lifted its position in shares of TD SYNNEX Co. (NYSE:SNX - Free Report) by 50.3% during the third quarter, according to its most recent disclosure with the Securities and Exchange Commission (SEC). The institutional investor owned 43,777 shares of the business services provider's stock after purchasing an additional 14,650 shares during the period. Atom Investors LP owned 0.05% of TD SYNNEX worth $5,257,000 at the end of the most recent quarter.

Other institutional investors have also added to or reduced their stakes in the company. V Square Quantitative Management LLC bought a new position in shares of TD SYNNEX in the third quarter valued at approximately $30,000. UMB Bank n.a. boosted its holdings in shares of TD SYNNEX by 99.3% in the 3rd quarter. UMB Bank n.a. now owns 289 shares of the business services provider's stock worth $35,000 after buying an additional 144 shares during the last quarter. Kathleen S. Wright Associates Inc. bought a new stake in TD SYNNEX in the third quarter worth about $37,000. Blue Trust Inc. boosted its stake in TD SYNNEX by 52.3% in the second quarter. Blue Trust Inc. now owns 358 shares of the business services provider's stock valued at $40,000 after acquiring an additional 123 shares during the last quarter. Finally, GAMMA Investing LLC grew its position in shares of TD SYNNEX by 217.5% during the 2nd quarter. GAMMA Investing LLC now owns 454 shares of the business services provider's stock valued at $52,000 after acquiring an additional 311 shares during the period. 84.00% of the stock is owned by institutional investors.

Analyst Ratings Changes

SNX has been the topic of several research analyst reports. Royal Bank of Canada reiterated an "outperform" rating and issued a $140.00 price objective on shares of TD SYNNEX in a research note on Friday, September 27th. Barrington Research reiterated an "outperform" rating and set a $138.00 price target on shares of TD SYNNEX in a research note on Monday, September 23rd. Barclays lifted their price objective on TD SYNNEX from $131.00 to $132.00 and gave the stock an "equal weight" rating in a report on Friday, September 27th. Loop Capital reiterated a "buy" rating and set a $150.00 target price on shares of TD SYNNEX in a research report on Monday, October 7th. Finally, StockNews.com raised shares of TD SYNNEX from a "hold" rating to a "buy" rating in a research report on Friday, August 16th. Three investment 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, the company presently has a consensus rating of "Moderate Buy" and a consensus price target of $134.75.

TD SYNNEX Price Performance

Shares of SNX traded up $3.12 during trading hours on Monday, reaching $122.11. 503,574 shares of the company's stock traded hands, compared to its average volume of 774,208. TD SYNNEX Co. has a 12 month low of $96.93 and a 12 month high of $133.85. 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 stock has a market cap of $10.39 billion, a PE ratio of 15.21, a price-to-earnings-growth ratio of 1.20 and a beta of 1.48. The firm's 50 day simple moving average is $119.24 and its 200-day simple moving average is $119.57.

TD SYNNEX (NYSE:SNX - Get Free Report) last released its quarterly 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. The business had revenue of $14.68 billion for the quarter, compared to the consensus estimate of $14.11 billion. TD SYNNEX had a return on equity of 12.15% and a net margin of 1.20%. The company's revenue for the quarter was up 5.2% on a year-over-year basis. During the same quarter last year, the business posted $2.71 earnings per share. Equities analysts expect that TD SYNNEX Co. will post 11.03 EPS for the current year.

TD SYNNEX Announces Dividend

The firm 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. The ex-dividend date was Friday, October 11th. This represents a $1.60 dividend on an annualized basis and a dividend yield of 1.31%. TD SYNNEX's dividend payout ratio (DPR) is 20.70%.

Insider Activity at TD SYNNEX

In related news, insider Dennis Polk sold 15,689 shares of TD SYNNEX stock in a transaction on Wednesday, October 2nd. The shares were sold at an average price of $116.93, for a total value of $1,834,514.77. Following the transaction, the insider now directly owns 134,706 shares of the company's stock, valued at $15,751,172.58. The trade was a 10.43 % decrease in their ownership of the stock. The sale was disclosed in a filing with the Securities & Exchange Commission, which is available through this link. Also, insider Simon Leung sold 6,249 shares of the stock in a transaction on Wednesday, November 6th. The shares were sold at an average price of $123.17, for a total transaction of $769,689.33. Following the sale, the insider now directly owns 23,339 shares of the company's stock, valued at $2,874,664.63. The trade was a 21.12 % decrease in their position. The disclosure for this sale can be found here. In the last 90 days, insiders have sold 69,645 shares of company stock valued at $8,414,329. Insiders own 1.90% of the company's stock.

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.