Barclays PLC Has $9.76 Million Position in TD SYNNEX Co. (NYSE:SNX)

Barclays PLC decreased its position in shares of TD SYNNEX Co. (NYSE:SNX - Free Report) by 18.0% during the 3rd quarter, according to the company in its most recent filing with the SEC. The institutional investor owned 81,307 shares of the business services provider's stock after selling 17,796 shares during the quarter. Barclays PLC owned approximately 0.10% of TD SYNNEX worth $9,763,000 as of its most recent SEC filing.

Several other hedge funds and other institutional investors also recently made changes to their positions in SNX. FMR LLC boosted its holdings in TD SYNNEX by 18.4% in the third quarter. FMR LLC now owns 7,425,592 shares of the business services provider's stock valued at $891,665,000 after acquiring an additional 1,154,651 shares during the last quarter. Pacer Advisors Inc. boosted its stake in shares of TD SYNNEX by 58.9% in the 2nd quarter. Pacer Advisors Inc. now owns 2,716,372 shares of the business services provider's stock valued at $313,469,000 after purchasing an additional 1,006,569 shares during the last quarter. Dimensional Fund Advisors LP grew its position in shares of TD SYNNEX by 8.6% during the 2nd quarter. Dimensional Fund Advisors LP now owns 2,239,852 shares of the business services provider's stock worth $258,482,000 after buying an additional 177,460 shares during the period. State Street Corp raised its stake in shares of TD SYNNEX by 0.7% during the third quarter. State Street Corp now owns 2,189,732 shares of the business services provider's stock worth $262,943,000 after buying an additional 15,995 shares during the last quarter. Finally, AQR Capital Management LLC lifted its holdings in TD SYNNEX by 21.1% in the second quarter. AQR Capital Management LLC now owns 1,546,105 shares of the business services provider's stock valued at $178,421,000 after buying an additional 269,759 shares during the period. 84.00% of the stock is owned by institutional investors and hedge funds.

Insider Activity

In other news, insider Dennis Polk sold 15,689 shares of the business's stock in a transaction that occurred on Wednesday, October 2nd. The stock was sold at an average price of $116.93, for a total transaction of $1,834,514.77. Following the completion of the sale, the insider now owns 134,706 shares in the company, valued at $15,751,172.58. The trade was a 10.43 % decrease in their ownership of the stock. The sale was disclosed in a legal filing with the SEC, which is available at this hyperlink. Also, Director Richard T. Hume sold 20,000 shares of the stock in a transaction that occurred on Wednesday, October 16th. The stock was sold at an average price of $120.72, for a total value of $2,414,400.00. Following the transaction, the director now owns 171,080 shares in the company, valued at approximately $20,652,777.60. This trade represents a 10.47 % decrease in their position. The disclosure for this sale can be found here. In the last 90 days, insiders sold 69,645 shares of company stock valued at $8,415,189. 1.90% of the stock is owned by insiders.

Wall Street Analyst Weigh In

A number of research firms have commented on SNX. Royal Bank of Canada reaffirmed an "outperform" rating and set a $140.00 target price on shares of TD SYNNEX in a report on Friday, September 27th. StockNews.com downgraded TD SYNNEX from a "buy" rating to a "hold" rating in a report on Monday, December 9th. Barclays raised their target price on TD SYNNEX from $131.00 to $132.00 and gave the stock an "equal weight" rating in a report 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. Finally, Barrington Research reissued an "outperform" rating and set a $138.00 price objective on shares of TD SYNNEX in a research note on Monday, September 23rd. Four analysts have rated the stock with a hold rating and five have assigned a buy rating to the stock. Based on data from MarketBeat, the company currently has an average rating of "Moderate Buy" and an average target price of $134.75.

TD SYNNEX Stock Down 3.7 %

SNX stock traded down $4.65 during mid-day trading on Tuesday, hitting $120.08. 995,436 shares of the company were exchanged, compared to its average volume of 765,170. TD SYNNEX Co. has a 1-year low of $98.70 and a 1-year high of $133.85. The company has a debt-to-equity ratio of 0.46, a quick ratio of 0.77 and a current ratio of 1.25. The firm's 50 day simple moving average is $120.36 and its 200 day simple moving average is $119.07. The firm has a market cap of $10.22 billion, a P/E ratio of 15.53, a P/E/G ratio of 1.14 and a beta of 1.47.

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

TD SYNNEX Announces Dividend

The business also recently disclosed a quarterly dividend, which was paid on Friday, October 25th. Stockholders of record on Friday, October 11th were issued a $0.40 dividend. This represents a $1.60 annualized dividend and a dividend yield of 1.33%. The ex-dividend date of this dividend was Friday, October 11th. TD SYNNEX's payout ratio is presently 20.70%.

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.