TD SYNNEX Co. (NYSE:SNX) Shares Sold by UBS AM a distinct business unit of UBS ASSET MANAGEMENT AMERICAS LLC

UBS AM a distinct business unit of UBS ASSET MANAGEMENT AMERICAS LLC reduced its position in shares of TD SYNNEX Co. (NYSE:SNX - Free Report) by 9.1% in the 3rd quarter, according to its most recent disclosure with the Securities & Exchange Commission. The institutional investor owned 173,874 shares of the business services provider's stock after selling 17,339 shares during the period. UBS AM a distinct business unit of UBS ASSET MANAGEMENT AMERICAS LLC owned approximately 0.20% of TD SYNNEX worth $20,879,000 as of its most recent SEC filing.

Other hedge funds have also recently added to or reduced their stakes in the company. V Square Quantitative Management LLC purchased a new stake in shares of TD SYNNEX during the 3rd quarter worth approximately $30,000. UMB Bank n.a. boosted its position in 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 purchasing an additional 144 shares in the last quarter. Kathleen S. Wright Associates Inc. acquired a new stake in TD SYNNEX in the third quarter valued at $37,000. Blue Trust Inc. increased its position in shares of 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 in the last quarter. Finally, GAMMA Investing LLC raised its stake in shares of 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 buying an additional 311 shares during the last quarter. Institutional investors and hedge funds own 84.00% of the company's stock.

Insider Activity at TD SYNNEX

In other TD SYNNEX news, insider Simon Leung sold 6,249 shares of the stock in a transaction that occurred on Wednesday, November 6th. The shares were sold at an average price of $123.17, for a total value of $769,689.33. Following the completion of the sale, the insider now owns 23,339 shares of the company's stock, valued at $2,874,664.63. This trade represents a 21.12 % decrease in their ownership of the stock. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is available through the SEC website. Also, Director Ann F. Vezina sold 1,937 shares of the business's stock in a transaction on Wednesday, October 9th. The stock was sold at an average price of $121.11, for a total transaction of $234,590.07. Following the transaction, the director now directly owns 5,695 shares in the company, valued at approximately $689,721.45. The trade was a 25.38 % decrease in their ownership of the stock. The disclosure for this sale can be found here. In the last 90 days, insiders have sold 69,645 shares of company stock worth $8,415,189. 1.90% of the stock is currently owned by corporate insiders.

Wall Street Analysts Forecast Growth

Several research firms have recently commented on SNX. Loop Capital reiterated a "buy" rating and issued a $150.00 price target on shares of TD SYNNEX in a research report on Monday, October 7th. Royal Bank of Canada reissued an "outperform" rating and issued a $140.00 price target on shares of TD SYNNEX in a report on Friday, September 27th. StockNews.com upgraded TD SYNNEX from a "hold" rating to a "buy" rating in a research report on Friday, August 16th. Barrington Research reiterated an "outperform" rating and set a $138.00 price objective on shares of TD SYNNEX in a research report on Monday, September 23rd. Finally, Barclays upped their target price on shares of TD SYNNEX from $131.00 to $132.00 and gave the company an "equal weight" rating in a report on Friday, September 27th. Three research analysts have rated the stock with a hold rating and six have assigned a buy rating to the stock. Based on data from MarketBeat.com, TD SYNNEX currently has an average rating of "Moderate Buy" and an average price target of $134.75.

TD SYNNEX Trading Up 1.0 %

Shares of SNX traded up $1.17 during mid-day trading on Friday, hitting $123.21. The company had a trading volume of 449,626 shares, compared to its average volume of 768,731. TD SYNNEX Co. has a 1-year low of $97.50 and a 1-year high of $133.85. The business's 50-day simple moving average is $119.58 and its 200-day simple moving average is $119.56. The stock has a market cap of $10.48 billion, a PE ratio of 15.91, a P/E/G ratio of 1.14 and a beta of 1.47. The company has a quick ratio of 0.77, a current ratio of 1.25 and a debt-to-equity ratio of 0.46.

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

TD SYNNEX Dividend Announcement

The firm also recently announced a quarterly dividend, which was paid on Friday, October 25th. Stockholders of record on Friday, October 11th were paid a $0.40 dividend. This represents a $1.60 dividend on an annualized basis and a dividend yield of 1.30%. The ex-dividend date was Friday, October 11th. TD SYNNEX's dividend 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.