Glenmede Trust Co. NA Has $1.38 Million Holdings in TD SYNNEX Co. (NYSE:SNX)

Glenmede Trust Co. NA lessened its stake in TD SYNNEX Co. (NYSE:SNX - Free Report) by 85.5% in the 3rd quarter, according to its most recent 13F filing with the Securities and Exchange Commission. The institutional investor owned 11,517 shares of the business services provider's stock after selling 67,975 shares during the quarter. Glenmede Trust Co. NA's holdings in TD SYNNEX were worth $1,383,000 as of its most recent filing with the Securities and Exchange Commission.

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

TD SYNNEX Stock Up 2.6 %

SNX stock traded up $3.12 during midday trading on Monday, hitting $122.11. The company's stock had a trading volume of 516,644 shares, compared to its average volume of 774,264. The company's fifty day moving average price is $119.24 and its 200 day moving average price is $119.57. TD SYNNEX Co. has a twelve month low of $96.93 and a twelve month high of $133.85. The company has a debt-to-equity ratio of 0.46, a current ratio of 1.25 and a quick ratio of 0.77. The stock has a market capitalization of $10.39 billion, a P/E ratio of 15.21, a PEG 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 earnings per share (EPS) for the quarter, topping the consensus estimate of $2.80 by $0.06. The business had revenue of $14.68 billion for the quarter, compared to analyst estimates of $14.11 billion. TD SYNNEX had a return on equity of 12.15% and a net margin of 1.20%. TD SYNNEX's revenue was up 5.2% on a year-over-year basis. During the same quarter in the prior year, the company posted $2.71 earnings per share. As a group, equities research analysts predict that TD SYNNEX Co. will post 11.03 EPS for the current year.

TD SYNNEX Dividend Announcement

The company also recently announced a quarterly dividend, which was paid on Friday, October 25th. Investors of record on Friday, October 11th were paid a $0.40 dividend. The ex-dividend date of this dividend was Friday, October 11th. This represents a $1.60 annualized dividend and a yield of 1.31%. TD SYNNEX's dividend payout ratio (DPR) is currently 20.70%.

Analyst Upgrades and Downgrades

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

Insider Buying and Selling

In other TD SYNNEX news, insider David R. Vetter sold 20,000 shares of the stock in a transaction dated Friday, October 18th. The shares were sold at an average price of $123.14, for a total value of $2,462,800.00. Following the transaction, the insider now directly owns 66,381 shares of the company's stock, valued at $8,174,156.34. This represents a 23.15 % decrease in their position. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is available through this hyperlink. Also, insider Simon Leung sold 6,249 shares of the stock in a transaction that occurred on Wednesday, November 6th. The stock was sold at an average price of $123.17, for a total value of $769,689.33. Following the transaction, the insider now owns 23,339 shares in the company, valued at approximately $2,874,664.63. This trade represents a 21.12 % decrease in their position. The disclosure for this sale can be found here. Over the last 90 days, insiders sold 69,645 shares of company stock worth $8,414,329. Company insiders own 1.90% of the company's stock.

TD SYNNEX 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.