Natixis Advisors LLC Buys 8,438 Shares of TD SYNNEX Co. (NYSE:SNX)

Natixis Advisors LLC grew its position in shares of TD SYNNEX Co. (NYSE:SNX - Free Report) by 11.9% during the 3rd quarter, according to its most recent filing with the Securities and Exchange Commission (SEC). The firm owned 79,262 shares of the business services provider's stock after buying an additional 8,438 shares during the period. Natixis Advisors LLC owned approximately 0.09% of TD SYNNEX worth $9,518,000 at the end of the most recent quarter.

Several other large investors have also recently added to or reduced their stakes in SNX. CIBC Asset Management Inc grew its holdings in shares of TD SYNNEX by 3.4% during the 3rd quarter. CIBC Asset Management Inc now owns 2,609 shares of the business services provider's stock worth $313,000 after purchasing an additional 86 shares in the last quarter. Huntington National Bank boosted its stake in TD SYNNEX by 12,380.0% in the third quarter. Huntington National Bank now owns 624 shares of the business services provider's stock valued at $75,000 after buying an additional 619 shares in the last quarter. KBC Group NV boosted its stake in TD SYNNEX by 159.4% in the third quarter. KBC Group NV now owns 4,573 shares of the business services provider's stock valued at $549,000 after buying an additional 2,810 shares in the last quarter. Victory Capital Management Inc. boosted its stake in shares of TD SYNNEX by 24.9% during the third quarter. Victory Capital Management Inc. now owns 414,662 shares of the business services provider's stock valued at $49,793,000 after purchasing an additional 82,670 shares in the last quarter. Finally, GSA Capital Partners LLP boosted its stake in shares of TD SYNNEX by 6.3% during the third quarter. GSA Capital Partners LLP now owns 3,952 shares of the business services provider's stock valued at $475,000 after purchasing an additional 233 shares in the last quarter. Institutional investors own 84.00% of the company's stock.

Insider Activity at TD SYNNEX

In related news, Director Richard T. Hume sold 20,000 shares of the stock in a transaction dated 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 completion of the sale, the director now directly owns 171,080 shares in the company, valued at $20,652,777.60. This represents a 10.47 % decrease in their position. The sale was disclosed in a legal filing with the SEC, which is available through this link. 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 completion of the sale, the insider now owns 23,339 shares of the company's stock, 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. In the last three months, insiders have sold 69,645 shares of company stock worth $8,414,329. 1.90% of the stock is owned by company insiders.

Wall Street Analysts Forecast Growth

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

TD SYNNEX Stock Performance

Shares of SNX traded up $1.83 during mid-day trading on Friday, hitting $118.40. The stock had a trading volume of 300,861 shares, compared to its average volume of 776,576. The firm has a market cap of $10.07 billion, a P/E ratio of 15.08, a PEG ratio of 1.15 and a beta of 1.48. The business has a fifty day moving average price of $118.78 and a 200-day moving average price of $119.68. The company has a debt-to-equity ratio of 0.46, a current ratio of 1.25 and a quick ratio of 0.77. TD SYNNEX Co. has a 52 week low of $96.93 and a 52 week high of $133.85.

TD SYNNEX (NYSE:SNX - Get Free Report) last released its quarterly earnings data on Thursday, September 26th. The business services provider reported $2.86 earnings per share (EPS) for the quarter, beating analysts' consensus estimates of $2.80 by $0.06. TD SYNNEX had a return on equity of 12.15% and a net margin of 1.20%. The company had revenue of $14.68 billion for the quarter, compared to analyst estimates of $14.11 billion. During the same period in the previous year, the company posted $2.71 EPS. The firm's revenue for the quarter was up 5.2% compared to the same quarter last year. On average, equities research analysts expect that TD SYNNEX Co. will post 11.03 EPS for the current year.

TD SYNNEX Announces Dividend

The business also recently disclosed a quarterly dividend, which was paid on Friday, October 25th. Investors of record on Friday, October 11th were paid a dividend of $0.40 per share. The ex-dividend date of this dividend was Friday, October 11th. This represents a $1.60 dividend on an annualized basis and a dividend yield of 1.35%. TD SYNNEX's payout ratio is 20.70%.

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.