4 days Ago By ABMN Staff
Russell Investments Group Ltd. reduced its position in TD SYNNEX Co. ( NYSE:SNX – Free Report ) by 32.
0% during the fourth quarter, HoldingsChannel.com reports. The institutional investor owned 34,734 shares of the business services provider’s stock after selling 16,351 shares during the period.
Russell Investments Group Ltd.’s holdings in TD SYNNEX were worth $4,074,000 as of its most recent filing with the Securities and Exchange Commission (SEC). Other large investors also recently modified their holdings of the company.
XTX Topco Ltd bought a new position in TD SYNNEX in the third quarter valued at about $219,000. M&T Bank Corp lifted its stake in shares of TD SYNNEX by 13.5% in the 3rd quarter.
M&T Bank Corp now owns 2,188 shares of the business services provider’s stock worth $263,000 after purchasing an additional 261 shares during the period. Wilmington Savings Fund Society FSB purchased a new position in shares of TD SYNNEX in the third quarter worth approximately $232,000. Tidal Investments LLC grew its position in TD SYNNEX by 9.
3% during the third quarter. Tidal Investments LLC now owns 17,121 shares of the business services provider’s stock valued at $2,056,000 after buying an additional 1,450 shares during the period. Finally, Brass Tax Wealth Management Inc.
purchased a new stake in TD SYNNEX during the third quarter valued at approximately $203,000. Institutional investors own 84.00% of the company’s stock.
Wall Street Analyst Weigh In SNX has been the topic of several analyst reports. StockNews.com cut shares of TD SYNNEX from a “buy” rating to a “hold” rating in a research note on Wednesday, March 26th.
Cfra reduced their price target on TD SYNNEX from $147.00 to $132.00 and set a “buy” rating for the company in a research report on Friday, March 28th.
Barclays lowered their price objective on TD SYNNEX from $148.00 to $125.00 and set an “equal weight” rating on the stock in a research report on Friday, March 28th.
The Goldman Sachs Group reduced their target price on shares of TD SYNNEX from $154.00 to $137.00 and set a “buy” rating for the company in a report on Friday, March 28th.
Finally, Barrington Research reaffirmed an “outperform” rating and set a $156.00 price target on shares of TD SYNNEX in a report on Friday, March 28th. Three research analysts have rated the stock with a hold rating and seven have assigned a buy rating to the company.
Based on data from MarketBeat, the company has a consensus rating of “Moderate Buy” and an average target price of $137.22. TD SYNNEX Trading Up 0.
2 % SNX stock opened at $103.27 on Wednesday. The company has a debt-to-equity ratio of 0.
46, a current ratio of 1.24 and a quick ratio of 0.76.
TD SYNNEX Co. has a 1-year low of $92.23 and a 1-year high of $145.
10. The business has a 50 day simple moving average of $124.65 and a two-hundred day simple moving average of $124.
20. The company has a market capitalization of $8.67 billion, a price-to-earnings ratio of 12.
97, a PEG ratio of 1.06 and a beta of 1.36.
TD SYNNEX ( NYSE:SNX – Get Free Report ) last released its earnings results on Thursday, March 27th. The business services provider reported $2.80 EPS for the quarter, missing the consensus estimate of $2.
87 by ($0.07). The company had revenue of $14.
53 billion during the quarter, compared to analysts’ expectations of $14.79 billion. TD SYNNEX had a return on equity of 11.
91% and a net margin of 1.18%. TD SYNNEX’s quarterly revenue was up 4.
0% compared to the same quarter last year. During the same period last year, the firm posted $2.99 EPS.
Research analysts anticipate that TD SYNNEX Co. will post 11.88 EPS for the current fiscal year.
TD SYNNEX Dividend Announcement The company also recently announced a quarterly dividend, which will be paid on Friday, April 25th. Stockholders of record on Friday, April 11th will be issued a $0.44 dividend.
The ex-dividend date of this dividend is Friday, April 11th. This represents a $1.76 annualized dividend and a dividend yield of 1.
70%. TD SYNNEX’s dividend payout ratio (DPR) is 21.97%.
Insider Buying and Selling In other news, Director Richard T. Hume sold 20,000 shares of the company’s stock in a transaction dated Monday, March 3rd. The shares were sold at an average price of $135.
88, for a total transaction of $2,717,600.00. Following the sale, the director now directly owns 65,480 shares in the company, valued at approximately $8,897,422.
40. This represents a 23.40 % decrease in their position.
The sale was disclosed in a filing with the Securities & Exchange Commission, which can be accessed through the SEC website . Also, CFO Marshall Witt sold 1,510 shares of the business’s stock in a transaction that occurred on Tuesday, March 18th. The stock was sold at an average price of $128.
08, for a total value of $193,400.80. Following the sale, the chief financial officer now directly owns 49,843 shares in the company, valued at $6,383,891.
44. The trade was a 2.94 % decrease in their ownership of the stock.
The disclosure for this sale can be found here . Over the last three months, insiders have sold 29,172 shares of company stock worth $4,000,861. Corporate insiders own 1.
00% of the company’s stock. TD SYNNEX Profile ( Free Report ) 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.
See Also Want to see what other hedge funds are holding SNX? Visit HoldingsChannel.com to get the latest 13F filings and insider trades for TD SYNNEX Co. ( NYSE:SNX – Free Report ).
Receive News & Ratings for TD SYNNEX Daily - Enter your email address below to receive a concise daily summary of the latest news and analysts' ratings for TD SYNNEX and related companies with MarketBeat.com's FREE daily email newsletter ..
