Versor Investments LP Grows Stock Position in TD SYNNEX Co. (NYSE:SNX)

Versor Investments LP boosted its position in TD SYNNEX Co. (NYSE:SNX - Free Report) by 226.0% during the third quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission (SEC). The fund owned 11,539 shares of the business services provider's stock after buying an additional 7,999 shares during the period. Versor Investments LP's holdings in TD SYNNEX were worth $1,386,000 as of its most recent SEC filing.

Other institutional investors also recently made changes to their positions in the company. V Square Quantitative Management LLC purchased a new stake in shares of TD SYNNEX during the 3rd quarter worth $30,000. UMB Bank n.a. boosted its position in shares of TD SYNNEX by 99.3% in the 3rd 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 in the last quarter. Kathleen S. Wright Associates Inc. purchased a new stake in shares of TD SYNNEX in the 3rd quarter worth about $37,000. Blue Trust Inc. boosted its position in shares of TD SYNNEX by 52.3% in the 2nd quarter. Blue Trust Inc. now owns 358 shares of the business services provider's stock worth $40,000 after buying an additional 123 shares in the last quarter. Finally, Ashton Thomas Private Wealth LLC purchased a new stake in shares of TD SYNNEX in the 2nd quarter worth about $52,000. 84.00% of the stock is currently owned by hedge funds and other institutional investors.

Analysts Set New Price Targets

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

Insider Activity

In other news, insider Dennis Polk sold 15,689 shares of the company's stock in a transaction dated Wednesday, October 2nd. The shares were sold at an average price of $116.93, for a total transaction of $1,834,514.77. Following the completion of the transaction, the insider now owns 134,706 shares of the company's stock, valued at $15,751,172.58. This represents a 0.00 % decrease in their position. The transaction was disclosed in a legal filing with the SEC, which is available through this link. In other news, insider Simon Leung sold 6,249 shares of the business's stock in a transaction dated Wednesday, November 6th. The stock was sold at an average price of $123.17, for a total transaction of $769,689.33. Following the completion of the sale, the insider now owns 23,339 shares in the company, valued at approximately $2,874,664.63. The trade was a 0.00 % decrease in their position. The sale was disclosed in a document filed with the Securities & Exchange Commission, which can be accessed through this link. Also, insider Dennis Polk sold 15,689 shares of the business's stock in a transaction dated Wednesday, October 2nd. The stock was sold at an average price of $116.93, for a total value of $1,834,514.77. Following the sale, the insider now owns 134,706 shares of the company's stock, valued at $15,751,172.58. The trade was a 0.00 % decrease in their position. The disclosure for this sale can be found here. Insiders sold a total of 69,645 shares of company stock valued at $8,414,329 in the last 90 days. 1.90% of the stock is currently owned by insiders.

TD SYNNEX Trading Down 2.2 %

Shares of NYSE SNX traded down $2.74 on Monday, reaching $123.05. 462,507 shares of the company traded hands, compared to its average volume of 790,178. TD SYNNEX Co. has a fifty-two week low of $94.13 and a fifty-two week high of $133.85. The company has a 50 day moving average of $118.11 and a 200 day moving average of $119.76. The company has a current ratio of 1.25, a quick ratio of 0.77 and a debt-to-equity ratio of 0.46. The stock has a market capitalization of $10.47 billion, a PE ratio of 15.92, a P/E/G ratio of 1.27 and a beta of 1.48.

TD SYNNEX (NYSE:SNX - Get Free Report) last posted its quarterly earnings data 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 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 the consensus estimate of $14.11 billion. During the same quarter in the prior year, the company posted $2.71 EPS. The company's quarterly revenue was up 5.2% compared to the same quarter last year. On average, equities research analysts forecast that TD SYNNEX Co. will post 11.03 earnings per share for the current fiscal year.

TD SYNNEX Dividend Announcement

The business also recently disclosed a quarterly dividend, which was paid on Friday, October 25th. Stockholders of record on Friday, October 11th were paid a dividend of $0.40 per share. 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 currently 20.70%.

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.