TD SYNNEX Co. (NYSE:SNX) Shares Acquired by California Public Employees Retirement System

California Public Employees Retirement System raised its stake in shares of TD SYNNEX Co. (NYSE:SNX) by 1.6% in the 4th quarter, according to its most recent Form 13F filing with the SEC. The fund owned 357,709 shares of the business services provider’s stock after purchasing an additional 5,673 shares during the period. California Public Employees Retirement System owned 0.42% of TD SYNNEX worth $41,952,000 at the end of the most recent reporting period.

Other hedge funds also recently made changes to their positions in the company. Pictet Asset Management Holding SA raised its holdings in shares of TD SYNNEX by 9.6% in the 4th quarter. Pictet Asset Management Holding SA now owns 11,667 shares of the business services provider’s stock worth $1,368,000 after purchasing an additional 1,026 shares during the period. New Age Alpha Advisors LLC purchased a new position in TD SYNNEX in the fourth quarter valued at approximately $79,000. Norges Bank acquired a new position in TD SYNNEX during the fourth quarter valued at approximately $121,199,000. Loomis Sayles & Co. L P grew its stake in TD SYNNEX by 1.5% during the fourth quarter. Loomis Sayles & Co. L P now owns 320,448 shares of the business services provider’s stock worth $37,582,000 after buying an additional 4,649 shares during the period. Finally, JPMorgan Chase & Co. increased its position in shares of TD SYNNEX by 10.7% in the fourth quarter. JPMorgan Chase & Co. now owns 3,335,501 shares of the business services provider’s stock worth $391,188,000 after acquiring an additional 323,282 shares in the last quarter. Institutional investors and hedge funds own 84.00% of the company’s stock.

Analyst Upgrades and Downgrades

Several analysts recently issued reports on the company. JPMorgan Chase & Co. lowered their price target on TD SYNNEX from $150.00 to $125.00 and set a “neutral” rating for the company in a report on Friday, March 28th. UBS Group lowered their target price on TD SYNNEX from $150.00 to $138.00 and set a “buy” rating for the company in a research note on Friday, March 28th. StockNews.com downgraded TD SYNNEX from a “buy” rating to a “hold” rating in a report on Wednesday, March 26th. The Goldman Sachs Group decreased their price target on TD SYNNEX from $154.00 to $137.00 and set a “buy” rating for the company in a report on Friday, March 28th. Finally, Royal Bank of Canada lifted their price objective on shares of TD SYNNEX from $140.00 to $165.00 and gave the company an “outperform” rating in a research note on Friday, February 21st. Three investment 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 an average rating of “Moderate Buy” and a consensus price target of $140.00.

Insider Transactions at TD SYNNEX

In other TD SYNNEX news, Director Richard T. Hume sold 20,000 shares of the business’s stock in a transaction on Friday, January 3rd. The shares were sold at an average price of $117.62, for a total transaction of $2,352,400.00. Following the completion of the sale, the director now owns 111,080 shares in the company, valued at $13,065,229.60. The trade was a 15.26 % decrease in their ownership of the stock. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is available at this link. Also, Director Ann F. Vezina sold 839 shares of the firm’s stock in a transaction dated Thursday, January 16th. The stock was sold at an average price of $136.08, for a total transaction of $114,171.12. Following the completion of the transaction, the director now owns 4,856 shares in the company, valued at approximately $660,804.48. The trade was a 14.73 % decrease in their ownership of the stock. The disclosure for this sale can be found here. In the last quarter, insiders sold 49,172 shares of company stock worth $6,353,261. 1.00% of the stock is currently owned by corporate insiders.

TD SYNNEX Stock Performance

Shares of SNX opened at $106.73 on Thursday. TD SYNNEX Co. has a 52-week low of $98.00 and a 52-week high of $145.10. The company has a quick ratio of 0.76, a current ratio of 1.24 and a debt-to-equity ratio of 0.46. The firm has a market cap of $9.00 billion, a price-to-earnings 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 (NYSE:SNX) last posted its quarterly earnings data on Thursday, March 27th. The business services provider reported $2.80 EPS for the quarter, missing analysts’ consensus estimates of $2.87 by ($0.07). The company 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%. The company’s revenue was up 4.0% compared to the same quarter last year. During the same quarter last year, the company earned $2.99 earnings per share. Analysts forecast that TD SYNNEX Co. will post 11.88 EPS for the current fiscal year.

TD SYNNEX Announces Dividend

The company also recently announced a quarterly dividend, which will be paid on Friday, April 25th. Shareholders of record on Friday, April 11th will be issued a dividend of $0.44 per share. This represents a $1.76 dividend on an annualized basis and a yield of 1.65%. The ex-dividend date is Friday, April 11th. TD SYNNEX’s dividend payout ratio is presently 21.97%.

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.