TD SYNNEX Co. (NYSE:SNX) Shares Sold by Khrom Capital Management LLC

Khrom Capital Management LLC trimmed its position in TD SYNNEX Co. (NYSE:SNX - Free Report) by 6.9% during the fourth quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission (SEC). The firm owned 697,847 shares of the business services provider's stock after selling 51,813 shares during the quarter. TD SYNNEX accounts for approximately 9.3% of Khrom Capital Management LLC's portfolio, making the stock its 5th largest holding. Khrom Capital Management LLC owned about 0.83% of TD SYNNEX worth $81,843,000 at the end of the most recent quarter.

Other institutional investors have also modified their holdings of the company. Bartlett & CO. Wealth Management LLC raised its position in TD SYNNEX by 345.1% in the fourth quarter. Bartlett & CO. Wealth Management LLC now owns 227 shares of the business services provider's stock valued at $27,000 after purchasing an additional 176 shares during the period. Bessemer Group Inc. raised its holdings in shares of TD SYNNEX by 174.7% during the 4th quarter. Bessemer Group Inc. now owns 239 shares of the business services provider's stock valued at $28,000 after buying an additional 152 shares during the period. UMB Bank n.a. lifted its position in TD SYNNEX by 48.4% during the 4th quarter. UMB Bank n.a. now owns 429 shares of the business services provider's stock worth $50,000 after acquiring an additional 140 shares in the last quarter. Blue Trust Inc. boosted its holdings in TD SYNNEX by 37.7% in the 4th quarter. Blue Trust Inc. now owns 471 shares of the business services provider's stock worth $55,000 after acquiring an additional 129 shares during the period. Finally, Global Retirement Partners LLC grew its position in TD SYNNEX by 31.9% in the fourth quarter. Global Retirement Partners LLC now owns 480 shares of the business services provider's stock valued at $56,000 after acquiring an additional 116 shares in the last quarter. Hedge funds and other institutional investors own 84.00% of the company's stock.

Insiders Place Their Bets

In related news, CEO Patrick Zammit sold 6,823 shares of TD SYNNEX stock in a transaction on Thursday, January 30th. The stock was sold at an average price of $143.00, for a total value of $975,689.00. Following the transaction, the chief executive officer now directly owns 165,604 shares in the company, valued at $23,681,372. The trade was a 3.96 % decrease in their position. The sale was disclosed in a legal filing with the SEC, which is available through this link. Also, CFO Marshall Witt sold 1,510 shares of the company's stock in a transaction on Tuesday, March 18th. The shares were sold at an average price of $128.08, for a total value of $193,400.80. Following the sale, the chief financial officer now directly owns 49,843 shares of the company's stock, valued at approximately $6,383,891.44. This represents a 2.94 % decrease in their ownership of the stock. The disclosure for this sale can be found here. In the last 90 days, insiders sold 28,333 shares of company stock worth $3,886,690. Insiders own 1.00% of the company's stock.

TD SYNNEX Stock Performance

Shares of NYSE:SNX traded up $0.85 on Friday, reaching $111.21. 567,689 shares of the company's stock were exchanged, compared to its average volume of 751,360. The business's 50-day moving average is $118.81 and its two-hundred day moving average is $123.54. 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 fifty-two week low of $92.23 and a fifty-two week high of $145.10. The firm has a market capitalization of $9.33 billion, a price-to-earnings ratio of 13.97, a PEG ratio of 1.06 and a beta of 1.36.

TD SYNNEX (NYSE:SNX - Get Free Report) last issued its earnings results on Thursday, March 27th. The business services provider reported $2.80 earnings per share (EPS) for the quarter, missing analysts' consensus estimates of $2.87 by ($0.07). The business had revenue of $14.53 billion during the quarter, compared to the consensus estimate of $14.79 billion. TD SYNNEX had a return on equity of 11.91% and a net margin of 1.18%. The business's revenue was up 4.0% on a year-over-year basis. During the same period in the prior year, the business earned $2.99 EPS. As a group, equities research analysts forecast that TD SYNNEX Co. will post 11.88 EPS for the current year.

TD SYNNEX Dividend Announcement

The company also recently declared a quarterly dividend, which will be paid on Friday, April 25th. Stockholders of record on Friday, April 11th will be given a dividend of $0.44 per share. The ex-dividend date of this dividend is Friday, April 11th. This represents a $1.76 annualized dividend and a dividend yield of 1.58%. TD SYNNEX's dividend payout ratio is currently 21.97%.

Analyst Upgrades and Downgrades

A number of research analysts have recently commented on SNX shares. JPMorgan Chase & Co. reduced their target price on shares of TD SYNNEX from $125.00 to $120.00 and set a "neutral" rating on the stock in a research report on Friday, April 11th. Royal Bank of Canada decreased their price objective on shares of TD SYNNEX from $165.00 to $145.00 and set an "outperform" rating for the company in a research report on Friday, April 11th. The Goldman Sachs Group dropped their target price on TD SYNNEX from $154.00 to $137.00 and set a "buy" rating on the stock in a research report on Friday, March 28th. Barclays reduced their price target on TD SYNNEX from $148.00 to $125.00 and set an "equal weight" rating for the company in a report on Friday, March 28th. Finally, Barrington Research restated an "outperform" rating and set a $156.00 price objective on shares of TD SYNNEX in a report on Friday, April 11th. Three equities research analysts have rated the stock with a hold rating and seven have assigned a buy rating to the company's stock. According to MarketBeat.com, the company currently has a consensus rating of "Moderate Buy" and an average target price of $137.22.

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.