Thompson Siegel & Walmsley LLC Acquires 85,207 Shares of TD SYNNEX Co. (NYSE:SNX)

Thompson Siegel & Walmsley LLC raised its holdings in TD SYNNEX Co. (NYSE:SNX - Free Report) by 19.4% in the 3rd quarter, according to the company in its most recent 13F filing with the SEC. The fund owned 523,639 shares of the business services provider's stock after purchasing an additional 85,207 shares during the quarter. Thompson Siegel & Walmsley LLC owned approximately 0.62% of TD SYNNEX worth $62,879,000 as of its most recent SEC filing.

A number of other institutional investors and hedge funds also recently bought and sold shares of the business. V Square Quantitative Management LLC bought a new stake in TD SYNNEX during the 3rd quarter worth about $30,000. UMB Bank n.a. raised its stake in shares of TD SYNNEX by 99.3% during the third quarter. UMB Bank n.a. now owns 289 shares of the business services provider's stock worth $35,000 after buying an additional 144 shares during the last quarter. Kathleen S. Wright Associates Inc. bought a new stake in shares of TD SYNNEX during the third quarter worth approximately $37,000. Blue Trust Inc. lifted its holdings in TD SYNNEX by 52.3% in the second quarter. Blue Trust Inc. now owns 358 shares of the business services provider's stock valued at $40,000 after buying an additional 123 shares during the period. Finally, GAMMA Investing LLC grew its holdings in TD SYNNEX by 217.5% during the 2nd quarter. GAMMA Investing LLC now owns 454 shares of the business services provider's stock worth $52,000 after acquiring an additional 311 shares during the period. Institutional investors and hedge funds own 84.00% of the company's stock.

Insider Buying and Selling at TD SYNNEX

In other TD SYNNEX news, Director Ann F. Vezina sold 1,937 shares of the company's stock in a transaction on Wednesday, October 9th. The stock was sold at an average price of $121.11, for a total value of $234,590.07. Following the transaction, the director now directly owns 5,695 shares of the company's stock, valued at $689,721.45. This represents a 25.38 % decrease in their position. The sale was disclosed in a filing with the SEC, which is available through this hyperlink. Also, insider Dennis Polk sold 15,689 shares of TD SYNNEX stock in a transaction dated 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 of the company's stock, valued at $15,751,172.58. This trade represents a 10.43 % decrease in their position. The disclosure for this sale can be found here. Insiders have sold a total of 69,645 shares of company stock worth $8,414,329 over the last ninety days. Insiders own 1.90% of the company's stock.

TD SYNNEX Stock Performance

SNX stock traded up $0.53 during trading hours on Thursday, reaching $116.55. The stock had a trading volume of 325,025 shares, compared to its average volume of 778,681. The stock has a 50-day simple moving average of $118.66 and a 200 day simple moving average of $119.70. TD SYNNEX Co. has a fifty-two week low of $96.93 and a fifty-two week high of $133.85. The stock has a market capitalization of $9.92 billion, a PE ratio of 15.01, a price-to-earnings-growth ratio of 1.15 and a beta of 1.48. The company has a debt-to-equity ratio of 0.46, a current ratio of 1.25 and a quick ratio of 0.77.

TD SYNNEX (NYSE:SNX - Get Free Report) last posted its quarterly earnings results on Thursday, September 26th. The business services provider reported $2.86 EPS for the quarter, topping 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 business had revenue of $14.68 billion during the quarter, compared to analysts' expectations of $14.11 billion. During the same quarter last year, the company posted $2.71 earnings per share. TD SYNNEX's quarterly revenue was up 5.2% on a year-over-year basis. 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. Shareholders of record on Friday, October 11th were given a dividend of $0.40 per share. The ex-dividend date of this dividend was Friday, October 11th. This represents a $1.60 dividend on an annualized basis and a yield of 1.37%. TD SYNNEX's dividend payout ratio (DPR) is 20.70%.

Wall Street Analyst Weigh In

SNX has been the subject of a number of recent analyst reports. Royal Bank of Canada reaffirmed an "outperform" rating and issued a $140.00 price target on shares of TD SYNNEX in a research note on Friday, September 27th. StockNews.com raised TD SYNNEX from a "hold" rating to a "buy" rating in a research note on Friday, August 16th. Loop Capital reaffirmed a "buy" rating and set a $150.00 price target on shares of TD SYNNEX in a research report on Monday, October 7th. Barrington Research reiterated an "outperform" rating and issued a $138.00 price objective on shares of TD SYNNEX in a research report on Monday, September 23rd. Finally, Barclays increased their target price on TD SYNNEX from $131.00 to $132.00 and gave the stock an "equal weight" rating in a research note on Friday, September 27th. Three equities research analysts have rated the stock with a hold rating and six have issued a buy rating to the company's stock. Based on data from MarketBeat, the stock has a consensus rating of "Moderate Buy" and an average target price of $134.75.

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.