Cerity Partners LLC Grows Position in TD SYNNEX Co. (NYSE:SNX)

Cerity Partners LLC grew its position in TD SYNNEX Co. (NYSE:SNX - Free Report) by 51.3% during the third quarter, according to the company in its most recent disclosure with the Securities & Exchange Commission. The firm owned 16,792 shares of the business services provider's stock after purchasing an additional 5,691 shares during the quarter. Cerity Partners LLC's holdings in TD SYNNEX were worth $2,016,000 as of its most recent SEC filing.

Other institutional investors and hedge funds have also recently bought and sold shares of the company. Pacer Advisors Inc. increased its stake in TD SYNNEX by 58.9% in the second quarter. Pacer Advisors Inc. now owns 2,716,372 shares of the business services provider's stock valued at $313,469,000 after acquiring an additional 1,006,569 shares during the period. Dimensional Fund Advisors LP raised its position in shares of TD SYNNEX by 8.6% during the 2nd quarter. Dimensional Fund Advisors LP now owns 2,239,852 shares of the business services provider's stock valued at $258,482,000 after acquiring an additional 177,460 shares during the last quarter. AQR Capital Management LLC increased its stake in shares of TD SYNNEX by 21.1% in the 2nd quarter. AQR Capital Management LLC now owns 1,546,105 shares of the business services provider's stock valued at $178,421,000 after acquiring an additional 269,759 shares during the last quarter. Ninety One UK Ltd boosted its stake in TD SYNNEX by 131.0% during the 2nd quarter. Ninety One UK Ltd now owns 1,371,737 shares of the business services provider's stock worth $158,298,000 after acquiring an additional 777,924 shares during the last quarter. Finally, LSV Asset Management grew its holdings in TD SYNNEX by 20.1% during the second quarter. LSV Asset Management now owns 1,055,045 shares of the business services provider's stock valued at $121,752,000 after purchasing an additional 176,571 shares during the period. Institutional investors and hedge funds own 84.00% of the company's stock.

TD SYNNEX Trading Up 2.6 %

SNX stock traded up $3.12 during midday trading on Monday, hitting $122.11. The stock had a trading volume of 516,644 shares, compared to its average volume of 774,264. 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 business has a fifty day moving average price of $119.24 and a two-hundred day moving average price of $119.57. TD SYNNEX Co. has a 1-year low of $96.93 and a 1-year high of $133.85. The firm has a market cap of $10.39 billion, a P/E ratio of 15.21, a price-to-earnings-growth ratio of 1.20 and a beta of 1.48.

TD SYNNEX (NYSE:SNX - Get Free Report) last released its earnings results on Thursday, September 26th. The business services provider reported $2.86 EPS for the quarter, topping the consensus estimate of $2.80 by $0.06. TD SYNNEX had a return on equity of 12.15% and a net margin of 1.20%. The business had revenue of $14.68 billion during the quarter, compared to analysts' expectations of $14.11 billion. During the same quarter last year, the firm posted $2.71 earnings per share. The firm's revenue was up 5.2% on a year-over-year basis. On average, sell-side analysts predict that TD SYNNEX Co. will post 11.03 earnings per share for the current fiscal year.

TD SYNNEX Announces Dividend

The company also recently disclosed a quarterly dividend, which was paid on Friday, October 25th. Stockholders of record on Friday, October 11th were issued a dividend of $0.40 per share. The ex-dividend date was Friday, October 11th. This represents a $1.60 annualized dividend and a dividend yield of 1.31%. TD SYNNEX's dividend payout ratio is 20.70%.

Insider Transactions at TD SYNNEX

In other TD SYNNEX news, Director Richard T. Hume sold 20,000 shares of the stock in a transaction on Wednesday, October 16th. The stock was sold at an average price of $120.72, for a total transaction of $2,414,400.00. Following the sale, the director now owns 171,080 shares in the company, valued at $20,652,777.60. This represents a 10.47 % decrease in their ownership of the stock. The transaction was disclosed in a legal filing with the SEC, which is available at this link. Also, insider Dennis Polk sold 15,689 shares of the firm's stock in a transaction dated 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 completion of the sale, the insider now directly owns 134,706 shares in the company, valued at approximately $15,751,172.58. The trade was a 10.43 % 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 ninety days. 1.90% of the stock is owned by company insiders.

Analyst Ratings Changes

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

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.