Sei Investments Co. Buys 14,379 Shares of TD SYNNEX Co. (NYSE:SNX)

Sei Investments Co. raised its stake in shares of TD SYNNEX Co. (NYSE:SNX - Free Report) by 25.5% in the fourth quarter, according to its most recent filing with the Securities & Exchange Commission. The institutional investor owned 70,745 shares of the business services provider's stock after buying an additional 14,379 shares during the quarter. Sei Investments Co. owned about 0.08% of TD SYNNEX worth $8,297,000 at the end of the most recent reporting period.

Other hedge funds and other institutional investors have also recently modified their holdings of the company. JPMorgan Chase & Co. grew its stake in TD SYNNEX by 37.0% during the third quarter. JPMorgan Chase & Co. now owns 3,012,219 shares of the business services provider's stock valued at $361,707,000 after acquiring an additional 813,634 shares in the last quarter. Ninety One UK Ltd boosted its holdings in TD SYNNEX by 75.4% in the 4th quarter. Ninety One UK Ltd now owns 2,364,563 shares of the business services provider's stock valued at $277,316,000 after purchasing an additional 1,016,251 shares during the period. State Street Corp grew its position in shares of TD SYNNEX by 0.7% during the 3rd quarter. State Street Corp now owns 2,189,732 shares of the business services provider's stock valued at $262,943,000 after purchasing an additional 15,995 shares in the last quarter. River Road Asset Management LLC increased its holdings in shares of TD SYNNEX by 0.5% in the fourth quarter. River Road Asset Management LLC now owns 869,367 shares of the business services provider's stock worth $101,959,000 after purchasing an additional 4,220 shares during the period. Finally, Lord Abbett & CO. LLC raised its position in shares of TD SYNNEX by 39.0% in the third quarter. Lord Abbett & CO. LLC now owns 825,468 shares of the business services provider's stock worth $99,123,000 after buying an additional 231,715 shares in the last quarter. 84.00% of the stock is currently owned by institutional investors.

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TD SYNNEX Trading Down 6.6 %

Shares of TD SYNNEX stock traded down $7.01 during trading on Thursday, reaching $99.74. The company's stock had a trading volume of 2,035,020 shares, compared to its average volume of 738,671. The company has a quick ratio of 0.76, a current ratio of 1.24 and a debt-to-equity ratio of 0.46. TD SYNNEX Co. has a 52-week low of $97.46 and a 52-week high of $145.10. The firm's 50-day moving average is $132.71 and its two-hundred day moving average is $125.32. The company has a market cap of $8.41 billion, a price-to-earnings ratio of 12.53, a PEG ratio of 1.06 and a beta of 1.51.

TD SYNNEX (NYSE:SNX - Get Free Report) last posted its quarterly earnings results on Thursday, March 27th. The business services provider reported $2.80 earnings per share (EPS) for the quarter, missing the consensus estimate of $2.87 by ($0.07). TD SYNNEX had a net margin of 1.18% and a return on equity of 11.91%. The business had revenue of $14.53 billion for the quarter, compared to analysts' expectations of $14.79 billion. During the same quarter in the previous year, the company earned $2.99 earnings per share. The business's quarterly revenue was up 4.0% on a year-over-year basis. On average, sell-side analysts anticipate that TD SYNNEX Co. will post 11.88 earnings per share for the current year.

TD SYNNEX Announces Dividend

The business also recently declared a quarterly dividend, which will be paid on Friday, April 25th. Shareholders of record on Friday, April 11th will be paid a $0.44 dividend. The ex-dividend date is Friday, April 11th. This represents a $1.76 dividend on an annualized basis and a yield of 1.76%. TD SYNNEX's dividend payout ratio (DPR) is currently 21.97%.

Wall Street Analyst Weigh In

A number of equities analysts have weighed in on the company. Barrington Research restated an "outperform" rating and issued a $156.00 target price on shares of TD SYNNEX in a research note on Friday, March 28th. JPMorgan Chase & Co. decreased their price objective on shares of TD SYNNEX from $150.00 to $125.00 and set a "neutral" rating on the stock in a research report on Friday, March 28th. Barclays lowered their target price on shares of TD SYNNEX from $148.00 to $125.00 and set an "equal weight" rating on the stock in a research note on Friday, March 28th. Royal Bank of Canada boosted their price target on shares of TD SYNNEX from $140.00 to $165.00 and gave the stock an "outperform" rating in a research note on Friday, February 21st. Finally, Cfra lowered their price objective on shares of TD SYNNEX from $147.00 to $132.00 and set a "buy" rating on the stock in a research report on Friday, March 28th. Three investment analysts have rated the stock with a hold rating and seven have given a buy rating to the company. According to MarketBeat.com, TD SYNNEX currently has an average rating of "Moderate Buy" and a consensus target price of $140.00.

Insider Buying and Selling at TD SYNNEX

In other news, Director Ann F. Vezina sold 839 shares of the company's stock in a transaction dated Thursday, January 16th. The shares were sold at an average price of $136.08, for a total transaction of $114,171.12. Following the completion of the transaction, the director now directly owns 4,856 shares of the company's stock, valued at approximately $660,804.48. This represents a 14.73 % decrease in their ownership of the stock. The sale was disclosed in a legal filing with the SEC, which is accessible through this hyperlink. Also, CEO Patrick Zammit sold 6,823 shares of the stock in a transaction dated Thursday, January 30th. The stock was sold at an average price of $143.00, for a total transaction of $975,689.00. Following the sale, the chief executive officer now owns 165,604 shares of the company's stock, valued at approximately $23,681,372. This represents a 3.96 % decrease in their ownership of the stock. The disclosure for this sale can be found here. Over the last 90 days, insiders sold 49,172 shares of company stock worth $6,353,261. 1.00% of the stock is currently owned by insiders.

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.