TD SYNNEX Co. (NYSE:SNX) Shares Purchased by California Public Employees Retirement System

California Public Employees Retirement System boosted its stake in shares of TD SYNNEX Co. (NYSE:SNX - Free Report) by 1.6% in the 4th quarter, according to the company in its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The firm owned 357,709 shares of the business services provider's stock after buying an additional 5,673 shares during the quarter. California Public Employees Retirement System owned 0.42% of TD SYNNEX worth $41,952,000 as of its most recent SEC filing.

A number of other institutional investors have also made changes to their positions in the stock. Norges Bank purchased a new position in shares of TD SYNNEX during the 4th quarter worth approximately $121,199,000. Ninety One UK Ltd lifted its stake in TD SYNNEX by 75.4% during the fourth quarter. Ninety One UK Ltd now owns 2,364,563 shares of the business services provider's stock worth $277,316,000 after purchasing an additional 1,016,251 shares in the last quarter. JPMorgan Chase & Co. boosted its position in shares of 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 worth $361,707,000 after buying an additional 813,634 shares during the period. Raymond James Financial Inc. acquired a new stake in shares of TD SYNNEX in the fourth quarter valued at $47,094,000. Finally, Thrivent Financial for Lutherans raised its holdings in shares of TD SYNNEX by 92.5% in the 4th quarter. Thrivent Financial for Lutherans now owns 715,603 shares of the business services provider's stock valued at $83,926,000 after buying an additional 343,856 shares during the period. 84.00% of the stock is currently owned by institutional investors and hedge funds.

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TD SYNNEX Stock Up 2.7 %

Shares of NYSE SNX traded up $2.57 during midday trading on Monday, hitting $98.38. 2,125,115 shares of the company's stock were exchanged, compared to its average volume of 739,580. The firm's fifty day simple moving average is $130.92 and its 200-day simple moving average is $125.18. The company has a debt-to-equity ratio of 0.46, a current ratio of 1.24 and a quick ratio of 0.76. The company has a market cap of $8.30 billion, a PE ratio of 12.36, a P/E/G ratio of 1.06 and a beta of 1.36. TD SYNNEX Co. has a twelve month low of $92.23 and a twelve month high of $145.10.

TD SYNNEX (NYSE:SNX - Get Free Report) last issued its quarterly earnings data 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). The firm had revenue of $14.53 billion for the quarter, compared to analysts' expectations 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 for the quarter was up 4.0% compared to the same quarter last year. During the same period in the previous year, the business posted $2.99 EPS. Research analysts predict that TD SYNNEX Co. will post 11.88 EPS for the current fiscal year.

TD SYNNEX Announces Dividend

The firm also recently announced 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 dividend on an annualized basis and a dividend yield of 1.79%. TD SYNNEX's dividend payout ratio (DPR) is presently 21.97%.

Wall Street Analysts Forecast Growth

A number of research analysts recently weighed in on SNX shares. Royal Bank of Canada lifted their price objective on shares of TD SYNNEX from $140.00 to $165.00 and gave the company an "outperform" rating in a report on Friday, February 21st. StockNews.com downgraded shares of TD SYNNEX from a "buy" rating to a "hold" rating in a research note on Wednesday, March 26th. JPMorgan Chase & Co. reduced their price objective on TD SYNNEX from $150.00 to $125.00 and set a "neutral" rating on the stock in a research note on Friday, March 28th. Cfra lowered their target price on TD SYNNEX from $147.00 to $132.00 and set a "buy" rating for the company in a research note on Friday, March 28th. Finally, Barrington Research restated an "outperform" rating and set a $156.00 price target on shares of TD SYNNEX in a report on Friday, March 28th. Three research analysts have rated the stock with a hold rating and seven have given a buy rating to the company. According to data from MarketBeat.com, the company presently has an average rating of "Moderate Buy" and a consensus price target of $140.00.

Insider Activity

In other news, Director Richard T. Hume sold 20,000 shares of the business's stock in a transaction that occurred on Monday, March 3rd. The stock was sold at an average price of $135.88, for a total value of $2,717,600.00. Following the transaction, the director now owns 65,480 shares of the company's stock, valued at approximately $8,897,422.40. The trade was a 23.40 % decrease in their ownership of the stock. The transaction was disclosed in a document filed with the SEC, which is accessible through this hyperlink. Also, CFO Marshall Witt sold 1,510 shares of the company's stock in a transaction that occurred on Tuesday, March 18th. The stock was sold at an average price of $128.08, for a total value of $193,400.80. Following the sale, the chief financial officer now owns 49,843 shares of the company's stock, valued at $6,383,891.44. This trade represents a 2.94 % decrease in their position. The disclosure for this sale can be found here. Insiders have sold 29,172 shares of company stock valued at $4,000,861 in the last ninety days. 1.00% of the stock is currently owned by company insiders.

TD SYNNEX 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.