Pathstone Holdings LLC Purchases 5,698 Shares of TD SYNNEX Co. (NYSE:SNX)

Pathstone Holdings LLC grew its holdings in shares of TD SYNNEX Co. (NYSE:SNX - Free Report) by 45.2% in the third quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The fund owned 18,300 shares of the business services provider's stock after buying an additional 5,698 shares during the quarter. Pathstone Holdings LLC's holdings in TD SYNNEX were worth $2,197,000 at the end of the most recent reporting period.

A number of other large investors also recently modified their holdings of SNX. Pacer Advisors Inc. boosted its holdings in shares of TD SYNNEX by 58.9% in the second quarter. Pacer Advisors Inc. now owns 2,716,372 shares of the business services provider's stock worth $313,469,000 after acquiring an additional 1,006,569 shares during the period. Ninety One UK Ltd increased its position in shares of TD SYNNEX by 131.0% during the second quarter. Ninety One UK Ltd now owns 1,371,737 shares of the business services provider's stock valued at $158,298,000 after buying an additional 777,924 shares during the period. Lind Value II ApS purchased a new stake in shares of TD SYNNEX in the first quarter worth about $77,858,000. Thrivent Financial for Lutherans grew its stake in TD SYNNEX by 560.0% during the third quarter. Thrivent Financial for Lutherans now owns 371,747 shares of the business services provider's stock valued at $44,639,000 after acquiring an additional 315,424 shares in the last quarter. Finally, AQR Capital Management LLC increased its holdings in TD SYNNEX by 21.1% during the 2nd quarter. AQR Capital Management LLC now owns 1,546,105 shares of the business services provider's stock worth $178,421,000 after acquiring an additional 269,759 shares during the period. Institutional investors own 84.00% of the company's stock.

TD SYNNEX Trading Down 0.1 %

NYSE SNX traded down $0.17 during trading on Wednesday, hitting $120.47. The company had a trading volume of 373,516 shares, compared to its average volume of 775,196. The company has a market cap of $10.25 billion, a price-to-earnings ratio of 15.56, a price-to-earnings-growth ratio of 1.22 and a beta of 1.48. The company has a current ratio of 1.25, a quick ratio of 0.77 and a debt-to-equity ratio of 0.46. TD SYNNEX Co. has a one year low of $96.93 and a one year high of $133.85. The company's fifty day moving average is $119.12 and its 200-day moving average is $119.65.

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

TD SYNNEX Dividend Announcement

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

Insiders Place Their Bets

In other TD SYNNEX news, insider Simon Leung sold 6,249 shares of the firm's stock in a transaction dated Wednesday, November 6th. The stock was sold at an average price of $123.17, for a total transaction of $769,689.33. Following the sale, the insider now directly owns 23,339 shares of the company's stock, valued at $2,874,664.63. This trade represents a 21.12 % decrease in their ownership of the stock. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is available through the SEC website. Also, Director Ann F. Vezina sold 1,937 shares of the company's stock in a transaction dated Wednesday, October 9th. The stock was sold at an average price of $121.11, for a total value of $234,590.07. Following the completion of the transaction, the director now directly owns 5,695 shares of the company's stock, valued at approximately $689,721.45. This trade represents a 25.38 % decrease in their position. The disclosure for this sale can be found here. Insiders sold a total of 69,645 shares of company stock worth $8,414,329 over the last quarter. 1.90% of the stock is currently owned by corporate insiders.

Analysts Set New Price Targets

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

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.