3,514 Shares in TD SYNNEX Co. (NYSE:SNX) Acquired by Uniting Wealth Partners LLC

Uniting Wealth Partners LLC purchased a new position in TD SYNNEX Co. (NYSE:SNX) in the 4th quarter, according to its most recent 13F filing with the Securities & Exchange Commission. The institutional investor purchased 3,514 shares of the business services provider’s stock, valued at approximately $412,000.

Several other hedge funds have also recently bought and sold shares of the stock. ExodusPoint Capital Management LP grew its position in shares of TD SYNNEX by 155.6% in the 4th quarter. ExodusPoint Capital Management LP now owns 44,812 shares of the business services provider’s stock valued at $5,256,000 after acquiring an additional 27,282 shares during the period. Kesler Norman & Wride LLC bought a new position in TD SYNNEX during the 4th quarter worth $746,000. Alliancebernstein L.P. raised its stake in TD SYNNEX by 6.3% in the 4th quarter. Alliancebernstein L.P. now owns 1,102,838 shares of the business services provider’s stock worth $129,341,000 after purchasing an additional 65,641 shares in the last quarter. O Shaughnessy Asset Management LLC boosted its stake in shares of TD SYNNEX by 7.6% in the fourth quarter. O Shaughnessy Asset Management LLC now owns 9,888 shares of the business services provider’s stock valued at $1,160,000 after buying an additional 700 shares during the period. Finally, Brandywine Global Investment Management LLC grew its holdings in shares of TD SYNNEX by 83.5% during the 4th quarter. Brandywine Global Investment Management LLC now owns 104,845 shares of the business services provider’s stock worth $12,296,000 after purchasing an additional 47,712 shares in the last quarter. 84.00% of the stock is currently owned by institutional investors and hedge funds.

Insider Transactions at TD SYNNEX

In related news, Director Richard T. Hume sold 20,000 shares of TD SYNNEX stock in a transaction on Friday, January 3rd. The stock was sold at an average price of $117.62, for a total value of $2,352,400.00. Following the completion of the transaction, the director now directly owns 111,080 shares in the company, valued at approximately $13,065,229.60. This trade represents a 15.26 % decrease in their ownership of the stock. The transaction was disclosed in a document filed with the SEC, which is accessible through this hyperlink. Also, Director Ann F. Vezina sold 839 shares of TD SYNNEX stock in a transaction on Thursday, January 16th. The stock was sold at an average price of $136.08, for a total transaction of $114,171.12. Following the sale, the director now directly owns 4,856 shares of the company’s stock, valued at approximately $660,804.48. This trade represents a 14.73 % decrease in their ownership of the stock. The disclosure for this sale can be found here. Insiders have sold 49,172 shares of company stock valued at $6,353,261 over the last ninety days. Insiders own 1.00% of the company’s stock.

TD SYNNEX Trading Up 2.8 %

Shares of NYSE SNX opened at $106.73 on Thursday. The stock has a market capitalization of $9.00 billion, a P/E ratio of 13.41, a PEG ratio of 1.06 and a beta of 1.51. The business’s 50 day moving average is $133.58 and its two-hundred day moving average is $125.50. TD SYNNEX Co. has a 1-year low of $98.00 and a 1-year high of $145.10. 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 (NYSE:SNX) last released its quarterly earnings data on Thursday, March 27th. The business services provider reported $2.80 earnings per share (EPS) for the quarter, missing analysts’ consensus estimates of $2.87 by ($0.07). The business had revenue of $14.53 billion for the quarter, compared to the consensus estimate of $14.79 billion. TD SYNNEX had a net margin of 1.18% and a return on equity of 11.91%. TD SYNNEX’s revenue for the quarter was up 4.0% on a year-over-year basis. During the same quarter in the prior year, the business posted $2.99 earnings per share. As a group, research analysts expect that TD SYNNEX Co. will post 11.88 EPS for the current year.

TD SYNNEX Announces Dividend

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 dividend on an annualized basis and a yield of 1.65%. The ex-dividend date of this dividend is Friday, April 11th. TD SYNNEX’s dividend payout ratio is presently 21.97%.

Analyst Upgrades and Downgrades

A number of research firms recently issued reports on SNX. JPMorgan Chase & Co. dropped their price objective on shares of TD SYNNEX from $150.00 to $125.00 and set a “neutral” rating for the company in a research note on Friday, March 28th. Barrington Research reiterated an “outperform” rating and set a $156.00 price target on shares of TD SYNNEX in a report on Friday, March 28th. Royal Bank of Canada increased their target price on shares of TD SYNNEX from $140.00 to $165.00 and gave the stock an “outperform” rating in a research note on Friday, February 21st. StockNews.com cut TD SYNNEX from a “buy” rating to a “hold” rating in a report on Wednesday, March 26th. Finally, The Goldman Sachs Group cut their price target on TD SYNNEX from $154.00 to $137.00 and set a “buy” rating for the company in a research note on Friday, March 28th. Three investment analysts have rated the stock with a hold rating and seven have assigned a buy rating to the stock. According to data from MarketBeat.com, the company currently has an average rating of “Moderate Buy” and an average price target of $140.00.

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.