TD SYNNEX Co. (NYSE:SNX) Shares Purchased by Allspring Global Investments Holdings LLC

Allspring Global Investments Holdings LLC increased its position in shares of TD SYNNEX Co. (NYSE:SNX - Free Report) by 170.1% during the third quarter, according to its most recent Form 13F filing with the SEC. The institutional investor owned 81,714 shares of the business services provider's stock after buying an additional 51,465 shares during the period. Allspring Global Investments Holdings LLC owned 0.10% of TD SYNNEX worth $9,812,000 as of its most recent filing with the SEC.

Other hedge funds and other institutional investors also recently added to or reduced their stakes in the company. Wealth Enhancement Advisory Services LLC increased its position in shares of TD SYNNEX by 9.1% in the first quarter. Wealth Enhancement Advisory Services LLC now owns 6,571 shares of the business services provider's stock valued at $743,000 after buying an additional 548 shares in the last quarter. State of Michigan Retirement System boosted its holdings in TD SYNNEX by 13.8% in the 1st quarter. State of Michigan Retirement System now owns 14,021 shares of the business services provider's stock worth $1,586,000 after buying an additional 1,700 shares during the last quarter. State of Alaska Department of Revenue raised its holdings in shares of TD SYNNEX by 500.1% during the first quarter. State of Alaska Department of Revenue now owns 33,239 shares of the business services provider's stock valued at $3,758,000 after acquiring an additional 27,700 shares during the last quarter. Maryland State Retirement & Pension System lifted its position in shares of TD SYNNEX by 16.6% in the first quarter. Maryland State Retirement & Pension System now owns 4,781 shares of the business services provider's stock valued at $544,000 after acquiring an additional 680 shares in the last quarter. Finally, Retirement Systems of Alabama boosted its stake in shares of TD SYNNEX by 11.5% in the first quarter. Retirement Systems of Alabama now owns 71,631 shares of the business services provider's stock worth $8,101,000 after acquiring an additional 7,389 shares during the last quarter. Institutional investors and hedge funds own 84.00% of the company's stock.

Wall Street Analysts Forecast Growth

Several equities research analysts have issued reports on SNX shares. Royal Bank of Canada reaffirmed an "outperform" rating and set a $140.00 target price on shares of TD SYNNEX in a research note on Friday, September 27th. StockNews.com raised shares of TD SYNNEX from a "hold" rating to a "buy" rating in a research note on Friday, August 16th. 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. Barclays increased their price target on TD SYNNEX from $131.00 to $132.00 and gave the company an "equal weight" rating in a report on Friday, September 27th. Finally, Barrington Research reissued an "outperform" rating and set a $138.00 price objective on shares of TD SYNNEX in a research note on Monday, September 23rd. Three equities research analysts have rated the stock with a hold rating and six have issued a buy rating to the company. According to data from MarketBeat.com, the stock 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, CFO Marshall Witt sold 11,441 shares of TD SYNNEX stock in a transaction dated Wednesday, August 7th. The stock was sold at an average price of $110.14, for a total value of $1,260,111.74. Following the completion of the transaction, the chief financial officer now directly owns 45,115 shares of the company's stock, valued at $4,968,966.10. The trade was a 0.00 % decrease in their position. The transaction was disclosed in a legal filing with the SEC, which is available through this link. 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 sale, the insider now owns 66,381 shares of the company's stock, valued at $8,174,156.34. This trade represents a 0.00 % decrease in their position. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is available at this link. Also, CFO Marshall Witt sold 11,441 shares of TD SYNNEX stock in a transaction dated Wednesday, August 7th. The shares were sold at an average price of $110.14, for a total value of $1,260,111.74. Following the completion of the transaction, the chief financial officer now owns 45,115 shares of the company's stock, valued at $4,968,966.10. The trade was a 0.00 % decrease in their position. The disclosure for this sale can be found here. Insiders have sold a total of 74,954 shares of company stock valued at $8,918,668 over the last quarter. 1.90% of the stock is owned by company insiders.

TD SYNNEX Trading Down 0.1 %

SNX stock traded down $0.14 during midday trading on Friday, hitting $120.58. 502,570 shares of the company's stock were exchanged, compared to its average volume of 799,875. TD SYNNEX Co. has a 1-year low of $89.73 and a 1-year high of $133.85. 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 stock has a market capitalization of $10.26 billion, a PE ratio of 15.60, a P/E/G ratio of 1.22 and a beta of 1.48. The business has a 50-day simple moving average of $118.10 and a two-hundred day simple moving average of $119.29.

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

TD SYNNEX Announces Dividend

The business also recently announced a quarterly dividend, which was paid on Friday, October 25th. Investors of record on Friday, October 11th were issued a $0.40 dividend. The ex-dividend date was Friday, October 11th. This represents a $1.60 annualized dividend and a yield of 1.33%. TD SYNNEX's dividend payout ratio (DPR) is presently 20.70%.

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.