TD SYNNEX Co. (NYSE:SNX) Shares Bought by Barclays PLC

Barclays PLC grew its holdings in TD SYNNEX Co. (NYSE:SNX - Free Report) by 20.1% during the 4th quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The fund owned 97,617 shares of the business services provider's stock after purchasing an additional 16,310 shares during the quarter. Barclays PLC owned approximately 0.12% of TD SYNNEX worth $11,448,000 at the end of the most recent quarter.

Other hedge funds and other institutional investors have also modified their holdings of the company. Proficio Capital Partners LLC purchased a new stake in TD SYNNEX during the 4th quarter worth $5,158,000. JPMorgan Chase & Co. grew its holdings 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 worth $361,707,000 after acquiring an additional 813,634 shares during the period. Sei Investments Co. boosted its stake in shares of TD SYNNEX by 25.5% during the 4th quarter. Sei Investments Co. now owns 70,745 shares of the business services provider's stock worth $8,297,000 after acquiring an additional 14,379 shares in the last quarter. IFP Advisors Inc raised its holdings in shares of TD SYNNEX by 976.6% during the fourth quarter. IFP Advisors Inc now owns 1,012 shares of the business services provider's stock valued at $119,000 after acquiring an additional 918 shares during the period. Finally, Assenagon Asset Management S.A. purchased a new stake in shares of TD SYNNEX in the fourth quarter worth approximately $2,260,000. 84.00% of the stock is currently owned by hedge funds and other institutional investors.

Analysts Set New Price Targets

SNX has been the subject of a number of recent analyst reports. Royal Bank of Canada decreased their target price on TD SYNNEX from $165.00 to $145.00 and set an "outperform" rating for the company in a research report on Friday, April 11th. StockNews.com lowered shares of TD SYNNEX from a "buy" rating to a "hold" rating in a report on Wednesday, March 26th. The Goldman Sachs Group reduced their price target on TD SYNNEX from $154.00 to $137.00 and set a "buy" rating for the company in a research report on Friday, March 28th. Barclays reduced their target price on TD SYNNEX from $148.00 to $125.00 and set an "equal weight" rating for the company in a research note on Friday, March 28th. Finally, Cfra cut their price target 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. 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, the company has an average rating of "Moderate Buy" and a consensus price target of $137.22.

Insider Activity at TD SYNNEX

In related news, CEO Patrick Zammit sold 6,823 shares of the business's stock in a transaction on Thursday, January 30th. The stock was sold at an average price of $143.00, for a total transaction 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 filing with the Securities & Exchange Commission, which is available through this link. Also, CFO Marshall Witt sold 1,510 shares of TD SYNNEX stock in a transaction that occurred on Tuesday, March 18th. The shares were sold at an average price of $128.08, for a total transaction of $193,400.80. Following the sale, the chief financial officer now owns 49,843 shares of the company's stock, valued at approximately $6,383,891.44. The trade was a 2.94 % decrease in their ownership of the stock. The disclosure for this sale can be found here. In the last ninety days, insiders have sold 28,333 shares of company stock worth $3,886,690. Insiders own 1.00% of the company's stock.

TD SYNNEX Stock Up 0.8 %

Shares of SNX stock traded up $0.88 during midday trading on Friday, reaching $111.24. 331,348 shares of the stock were exchanged, compared to its average volume of 749,595. TD SYNNEX Co. has a 1 year low of $92.23 and a 1 year high of $145.10. The company has a current ratio of 1.24, a quick ratio of 0.76 and a debt-to-equity ratio of 0.46. The firm has a market cap of $9.34 billion, a PE ratio of 13.96, a price-to-earnings-growth ratio of 1.06 and a beta of 1.36. The company's 50 day moving average is $119.48 and its two-hundred day moving average is $123.60.

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 for the quarter, missing analysts' consensus estimates of $2.87 by ($0.07). TD SYNNEX had a net margin of 1.18% and a return on equity of 11.91%. The company had revenue of $14.53 billion for the quarter, compared to the consensus estimate of $14.79 billion. During the same quarter last year, the company earned $2.99 EPS. The firm's revenue for the quarter was up 4.0% on a year-over-year basis. On average, equities research analysts predict that TD SYNNEX Co. will post 11.88 EPS for the current year.

TD SYNNEX Announces Dividend

The firm also recently disclosed 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 dividend yield of 1.58%. TD SYNNEX's payout ratio is currently 21.97%.

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.