ExodusPoint Capital Management LP Purchases 27,282 Shares of TD SYNNEX Co. (NYSE:SNX)

ExodusPoint Capital Management LP boosted its position in shares of TD SYNNEX Co. (NYSE:SNX - Free Report) by 155.6% during the 4th quarter, according to the company in its most recent filing with the SEC. The institutional investor owned 44,812 shares of the business services provider's stock after buying an additional 27,282 shares during the quarter. ExodusPoint Capital Management LP owned approximately 0.05% of TD SYNNEX worth $5,256,000 as of its most recent SEC filing.

A number of other hedge funds have also recently bought and sold shares of SNX. Rockefeller Capital Management L.P. lifted its position in TD SYNNEX by 1.3% during the 3rd quarter. Rockefeller Capital Management L.P. now owns 11,227 shares of the business services provider's stock valued at $1,348,000 after purchasing an additional 141 shares during the period. Centiva Capital LP boosted its stake in TD SYNNEX by 48.6% in the third quarter. Centiva Capital LP now owns 6,712 shares of the business services provider's stock valued at $806,000 after acquiring an additional 2,195 shares during the last quarter. Point72 DIFC Ltd bought a new stake in shares of TD SYNNEX during the 3rd quarter valued at $55,000. Quantinno Capital Management LP lifted its stake in shares of TD SYNNEX by 5.6% in the 3rd quarter. Quantinno Capital Management LP now owns 15,770 shares of the business services provider's stock valued at $1,894,000 after purchasing an additional 831 shares during the period. Finally, State Street Corp boosted its position in shares of TD SYNNEX by 0.7% in the 3rd quarter. State Street Corp now owns 2,189,732 shares of the business services provider's stock worth $262,943,000 after purchasing an additional 15,995 shares during the last quarter. 84.00% of the stock is currently owned by institutional investors.

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Analysts Set New Price Targets

Several equities analysts have weighed in on the company. Barrington Research reissued an "outperform" rating and issued a $156.00 target price on shares of TD SYNNEX in a research note on Friday, March 28th. Cfra reduced 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 note on Friday, March 28th. Royal Bank of Canada lifted their price target on shares of TD SYNNEX from $140.00 to $165.00 and gave the stock an "outperform" rating in a research report on Friday, February 21st. UBS Group lowered their price objective on shares of TD SYNNEX from $150.00 to $138.00 and set a "buy" rating for the company in a research report on Friday, March 28th. Finally, StockNews.com cut TD SYNNEX from a "buy" rating to a "hold" rating in a research note on Wednesday, March 26th. Three investment analysts have rated the stock with a hold rating and seven have issued a buy rating to the company's stock. Based on data from MarketBeat.com, TD SYNNEX presently has a consensus rating of "Moderate Buy" and an average price target of $140.00.

TD SYNNEX Stock Down 4.0 %

Shares of NYSE SNX traded down $4.26 during midday trading on Thursday, reaching $102.34. The company's stock had a trading volume of 378,995 shares, compared to its average volume of 744,349. TD SYNNEX Co. has a fifty-two week low of $92.23 and a fifty-two week high of $145.10. The stock has a 50 day simple moving average of $127.75 and a 200-day simple moving average of $124.64. The stock has a market capitalization of $8.63 billion, a price-to-earnings ratio of 12.84, a PEG ratio of 1.06 and a beta of 1.36. The company has a current ratio of 1.24, a quick ratio of 0.76 and a debt-to-equity ratio of 0.46.

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

TD SYNNEX Dividend Announcement

The business also recently declared a quarterly dividend, which will be paid on Friday, April 25th. Investors of record on Friday, April 11th will be paid a $0.44 dividend. This represents a $1.76 annualized dividend and a dividend yield of 1.72%. The ex-dividend date of this dividend is Friday, April 11th. TD SYNNEX's dividend payout ratio (DPR) is currently 21.97%.

Insider Buying and Selling at TD SYNNEX

In other news, CFO Marshall Witt sold 1,510 shares of TD SYNNEX stock in a transaction 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 transaction, the chief financial officer now owns 49,843 shares in the company, valued at approximately $6,383,891.44. The trade was a 2.94 % decrease in their ownership of the stock. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is accessible through the SEC website. Also, CEO Patrick Zammit sold 6,823 shares of the stock in a transaction on Thursday, January 30th. The shares were sold at an average price of $143.00, for a total value of $975,689.00. Following the completion of the sale, the chief executive officer now owns 165,604 shares of the company's stock, valued at $23,681,372. The trade was a 3.96 % decrease in their ownership of the stock. The disclosure for this sale can be found here. Insiders sold 29,172 shares of company stock valued at $4,000,861 in the last three months. Corporate insiders own 1.00% of the company's stock.

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.