TD SYNNEX Co. (NYSE:SNX) Shares Acquired by Foster & Motley Inc.

Foster & Motley Inc. raised its position in TD SYNNEX Co. (NYSE:SNX - Free Report) by 97.7% in the third quarter, according to the company in its most recent Form 13F filing with the Securities and Exchange Commission. The fund owned 18,806 shares of the business services provider's stock after buying an additional 9,292 shares during the quarter. Foster & Motley Inc.'s holdings in TD SYNNEX were worth $2,258,000 as of its most recent filing with the Securities and Exchange Commission.

Several other hedge funds and other institutional investors also recently bought and sold shares of the business. Hancock Whitney Corp boosted its holdings in shares of TD SYNNEX by 57.9% during the second quarter. Hancock Whitney Corp now owns 16,929 shares of the business services provider's stock worth $1,954,000 after purchasing an additional 6,207 shares during the last quarter. Lord Abbett & CO. LLC purchased a new stake in TD SYNNEX during the first quarter valued at about $57,981,000. Wedge Capital Management L L P NC increased its stake in TD SYNNEX by 20.3% during the second quarter. Wedge Capital Management L L P NC now owns 31,146 shares of the business services provider's stock worth $3,594,000 after acquiring an additional 5,252 shares during the last quarter. Friedenthal Financial acquired a new position in shares of TD SYNNEX in the 2nd quarter valued at about $967,000. Finally, ClariVest Asset Management LLC raised its holdings in TD SYNNEX by 45,552.8% in the second quarter. ClariVest Asset Management LLC now owns 16,435 shares of the business services provider's stock valued at $1,897,000 after buying an additional 16,399 shares during the period. 84.00% of the stock is owned by hedge funds and other institutional investors.

TD SYNNEX Price Performance

Shares of SNX stock traded up $1.25 during trading on Thursday, hitting $125.10. The company had a trading volume of 176,747 shares, compared to its average volume of 791,496. TD SYNNEX Co. has a 52 week low of $92.66 and a 52 week high of $133.85. The stock has a market capitalization of $10.64 billion, a price-to-earnings ratio of 16.02, a price-to-earnings-growth ratio of 1.17 and a beta of 1.48. The company has a quick ratio of 0.77, a current ratio of 1.25 and a debt-to-equity ratio of 0.46. The stock's 50-day moving average is $117.90 and its two-hundred day moving average is $119.56.

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

TD SYNNEX Announces Dividend

The firm also recently announced a quarterly dividend, which was paid on Friday, October 25th. Shareholders of record on Friday, October 11th were given a $0.40 dividend. This represents a $1.60 dividend on an annualized basis and a yield of 1.28%. The ex-dividend date was Friday, October 11th. TD SYNNEX's dividend payout ratio (DPR) is 20.70%.

Analysts Set New Price Targets

A number of equities analysts have issued reports on the stock. Royal Bank of Canada reissued an "outperform" rating and issued a $140.00 target price on shares of TD SYNNEX in a report on Friday, September 27th. Barclays upped their price objective on shares of 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 restated a "buy" rating and issued a $150.00 price target on shares of TD SYNNEX in a research report on Monday, October 7th. Barrington Research reiterated an "outperform" rating and set a $138.00 target price on shares of TD SYNNEX in a research report on Monday, September 23rd. Finally, StockNews.com raised TD SYNNEX from a "hold" rating to a "buy" rating in a research note on Friday, August 16th. Three investment analysts have rated the stock with a hold rating and six have issued a buy rating to the company's stock. Based on data from MarketBeat.com, the company currently has a consensus rating of "Moderate Buy" and a consensus target price of $134.75.

Insider Buying and Selling at TD SYNNEX

In other TD SYNNEX news, insider David R. Vetter sold 20,000 shares of the stock in a transaction dated Friday, October 18th. The stock was sold at an average price of $123.14, for a total value of $2,462,800.00. Following the transaction, the insider now owns 66,381 shares of the company's stock, valued at approximately $8,174,156.34. This represents a 0.00 % decrease in their ownership of the stock. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which can be accessed through the SEC website. In other news, insider David R. Vetter sold 20,000 shares of the firm's stock in a transaction on Friday, October 18th. The shares were sold at an average price of $123.14, for a total transaction of $2,462,800.00. Following the sale, the insider now directly owns 66,381 shares in the company, valued at $8,174,156.34. This trade represents a 0.00 % decrease in their position. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is available at this hyperlink. 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 sale, the insider now directly owns 134,706 shares in the company, valued at approximately $15,751,172.58. This represents a 0.00 % decrease in their ownership of the stock. The disclosure for this sale can be found here. In the last 90 days, insiders have sold 63,396 shares of company stock worth $7,644,640. Company insiders own 1.90% of the company's stock.

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.