TD SYNNEX Co. (NYSE:SNX) Shares Acquired by Quest Partners LLC

Quest Partners LLC raised its holdings in TD SYNNEX Co. (NYSE:SNX - Free Report) by 619.0% during the 3rd quarter, according to its most recent filing with the Securities & Exchange Commission. The fund owned 7,248 shares of the business services provider's stock after acquiring an additional 6,240 shares during the quarter. Quest Partners LLC's holdings in TD SYNNEX were worth $870,000 as of its most recent filing with the Securities & Exchange Commission.

Several other hedge funds also recently bought and sold shares of the business. V Square Quantitative Management LLC bought a new stake in TD SYNNEX during the third quarter valued at about $30,000. UMB Bank n.a. raised its stake 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 buying an additional 144 shares during the last quarter. Kathleen S. Wright Associates Inc. purchased a new stake in TD SYNNEX in the third quarter valued at about $37,000. Blue Trust Inc. raised its stake in shares of TD SYNNEX by 52.3% in the second 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 raised its stake in shares of TD SYNNEX by 217.5% in the second quarter. GAMMA Investing LLC now owns 454 shares of the business services provider's stock worth $52,000 after purchasing an additional 311 shares during the last quarter. Institutional investors own 84.00% of the company's stock.

TD SYNNEX Stock Performance

Shares of SNX traded up $2.20 during midday trading on Friday, reaching $118.77. 680,179 shares of the stock were exchanged, compared to its average volume of 778,247. The business's 50-day moving average price is $118.89 and its 200 day moving average price is $119.67. 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 twelve month low of $96.93 and a twelve month high of $133.85. The company has a market capitalization of $10.11 billion, a price-to-earnings ratio of 15.36, a PEG ratio of 1.15 and a beta of 1.48.

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

TD SYNNEX Dividend Announcement

The business also recently declared a quarterly dividend, which was paid on Friday, October 25th. Investors of record on Friday, October 11th were given a $0.40 dividend. This represents a $1.60 annualized dividend and a yield of 1.35%. The ex-dividend date was Friday, October 11th. TD SYNNEX's dividend payout ratio (DPR) is presently 20.70%.

Analyst Ratings Changes

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

Insider Activity at TD SYNNEX

In other TD SYNNEX news, CFO Marshall Witt sold 5,653 shares of the business's stock in a transaction on Wednesday, October 9th. The stock was sold at an average price of $121.15, for a total value of $684,860.95. Following the completion of the transaction, the chief financial officer now directly owns 38,279 shares in the company, valued at approximately $4,637,500.85. The trade was a 12.87 % decrease in their position. The sale was disclosed in a legal filing with the SEC, which is accessible through this link. Also, insider Dennis Polk sold 15,689 shares of the business's stock in a transaction on 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 completion of the transaction, the insider now owns 134,706 shares of the company's stock, valued at $15,751,172.58. This trade represents a 10.43 % decrease in their ownership of the stock. The disclosure for this sale can be found here. Insiders have sold 69,645 shares of company stock worth $8,414,329 in the last quarter. 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.