Dimensional Fund Advisors LP Has $265.83 Million Holdings in TD SYNNEX Co. (NYSE:SNX)

Dimensional Fund Advisors LP increased its stake in TD SYNNEX Co. (NYSE:SNX - Free Report) by 1.4% during the fourth quarter, according to its most recent filing with the Securities & Exchange Commission. The fund owned 2,266,614 shares of the business services provider's stock after acquiring an additional 31,404 shares during the quarter. Dimensional Fund Advisors LP owned approximately 2.68% of TD SYNNEX worth $265,826,000 at the end of the most recent quarter.

A number of other institutional investors and hedge funds also recently modified their holdings of SNX. Bartlett & CO. Wealth Management LLC boosted its position in shares of TD SYNNEX by 345.1% in the 4th 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 during the period. Bessemer Group Inc. lifted its stake in TD SYNNEX by 174.7% during the fourth quarter. Bessemer Group Inc. now owns 239 shares of the business services provider's stock valued at $28,000 after buying an additional 152 shares in the last quarter. UMB Bank n.a. boosted its holdings in shares of TD SYNNEX by 48.4% in the fourth quarter. UMB Bank n.a. now owns 429 shares of the business services provider's stock worth $50,000 after buying an additional 140 shares during the period. Blue Trust Inc. increased its position in shares of TD SYNNEX by 37.7% in the fourth quarter. Blue Trust Inc. now owns 471 shares of the business services provider's stock worth $55,000 after acquiring an additional 129 shares in the last quarter. Finally, Global Retirement Partners LLC lifted its position 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 acquiring an additional 116 shares in the last quarter. 84.00% of the stock is owned by institutional investors and hedge funds.

TD SYNNEX Stock Performance

Shares of SNX stock traded up $0.85 during mid-day trading on Friday, reaching $111.21. The stock had a trading volume of 567,689 shares, compared to its average volume of 750,130. The firm has a market cap of $9.33 billion, a PE ratio of 13.97, a P/E/G ratio of 1.06 and a beta of 1.36. 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 one year low of $92.23 and a one year high of $145.10. The firm's 50 day simple moving average is $119.48 and its 200 day simple moving average is $123.60.

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

TD SYNNEX Dividend Announcement

The company also recently announced a quarterly dividend, which will be paid on Friday, April 25th. Stockholders of record on Friday, April 11th will be paid a $0.44 dividend. The ex-dividend date is Friday, April 11th. This represents a $1.76 annualized dividend and a dividend yield of 1.58%. TD SYNNEX's dividend payout ratio is presently 21.97%.

Analyst Upgrades and Downgrades

Several analysts have recently commented on SNX shares. UBS Group decreased their target price on TD SYNNEX from $150.00 to $138.00 and set a "buy" rating for the company in a research report on Friday, March 28th. Royal Bank of Canada decreased their price objective on shares of TD SYNNEX from $165.00 to $145.00 and set an "outperform" rating for the company in a report on Friday, April 11th. The Goldman Sachs Group dropped their target price on shares of TD SYNNEX from $154.00 to $137.00 and set a "buy" rating on the stock in a report on Friday, March 28th. Barrington Research restated an "outperform" rating and set a $156.00 price target on shares of TD SYNNEX in a report on Friday, April 11th. Finally, Barclays dropped their price objective 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. Three equities research analysts have rated the stock with a hold rating and seven have issued a buy rating to the company. According to data from MarketBeat, the company presently has a consensus rating of "Moderate Buy" and an average price target of $137.22.

Insider Transactions at TD SYNNEX

In other TD SYNNEX news, CFO Marshall Witt sold 1,510 shares of the business's stock in a transaction dated Tuesday, March 18th. The shares were 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 $6,383,891.44. The trade was a 2.94 % decrease in their ownership of the stock. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is available at this hyperlink. Also, CEO Patrick Zammit sold 6,823 shares of the firm's stock in a transaction that occurred on Thursday, January 30th. The stock was sold at an average price of $143.00, for a total transaction of $975,689.00. Following the sale, the chief executive officer now directly owns 165,604 shares of the company's stock, valued at approximately $23,681,372. The trade was a 3.96 % decrease in their position. The disclosure for this sale can be found here. In the last quarter, insiders have sold 28,333 shares of company stock valued at $3,886,690. 1.00% of the stock is owned by 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.