Insider Selling: TD SYNNEX Co. (NYSE:SNX) CFO Sells $182,906.30 in Stock

TD SYNNEX Co. (NYSE:SNX) CFO Marshall Witt sold 1,510 shares of the firm’s stock in a transaction dated Wednesday, December 18th. The shares were sold at an average price of $121.13, for a total transaction of $182,906.30. Following the transaction, the chief financial officer now directly owns 48,362 shares in the company, valued at approximately $5,858,089.06. The trade was a 3.03 % decrease in their position. The transaction was disclosed in a document filed with the SEC, which is available through this link.

Marshall Witt also recently made the following trade(s):

• On Wednesday, October 9th, Marshall Witt sold 5,653 shares of TD SYNNEX stock. The shares were sold at an average price of $121.15, for a total transaction of $684,860.95.

TD SYNNEX Stock Performance

Shares of SNX opened at $116.90 on Friday. TD SYNNEX Co. has a one year low of $98.70 and a one year high of $133.85. The company has a 50-day moving average of $120.19 and a two-hundred day moving average of $118.96. The company has a debt-to-equity ratio of 0.46, a current ratio of 1.25 and a quick ratio of 0.77. The stock has a market cap of $9.95 billion, a price-to-earnings ratio of 15.12, a PEG ratio of 1.14 and a beta of 1.47.

TD SYNNEX (NYSE:SNX) last posted its quarterly earnings data on Thursday, September 26th. The business services provider reported $2.86 EPS for the quarter, topping analysts’ consensus estimates of $2.80 by $0.06. The firm had revenue of $14.68 billion during the quarter, compared to analyst estimates of $14.11 billion. TD SYNNEX had a net margin of 1.20% and a return on equity of 12.15%. The company’s revenue was up 5.2% on a year-over-year basis. During the same quarter last year, the business posted $2.71 EPS. On average, equities research analysts expect that TD SYNNEX Co. will post 11.03 earnings per share for the current year.

TD SYNNEX Dividend Announcement

The firm also recently disclosed a quarterly dividend, which was paid on Friday, October 25th. Investors of record on Friday, October 11th were paid a $0.40 dividend. This represents a $1.60 annualized dividend and a yield of 1.37%. The ex-dividend date was Friday, October 11th. TD SYNNEX’s dividend payout ratio is currently 20.70%.

Hedge Funds Weigh In On TD SYNNEX

Several institutional investors and hedge funds have recently bought and sold shares of SNX. V Square Quantitative Management LLC acquired a new stake in shares of TD SYNNEX during the third quarter worth approximately $30,000. UMB Bank n.a. boosted its stake in shares of TD SYNNEX by 99.3% during the 3rd quarter. UMB Bank n.a. now owns 289 shares of the business services provider’s stock valued at $35,000 after buying an additional 144 shares during the period. Kathleen S. Wright Associates Inc. acquired a new stake in shares of TD SYNNEX during the 3rd quarter valued at $37,000. Blue Trust Inc. grew its holdings in shares of TD SYNNEX by 52.3% during the 2nd quarter. Blue Trust Inc. now owns 358 shares of the business services provider’s stock valued at $40,000 after acquiring an additional 123 shares in the last quarter. Finally, Ashton Thomas Private Wealth LLC acquired a new position in shares of TD SYNNEX in the second quarter worth $52,000. Hedge funds and other institutional investors own 84.00% of the company’s stock.

Analyst Ratings Changes

SNX has been the subject of a number of research reports. Barclays increased their price target on TD SYNNEX from $131.00 to $132.00 and gave the company an “equal weight” rating in a research note on Friday, September 27th. Barrington Research reaffirmed an “outperform” rating and set a $138.00 target price on shares of TD SYNNEX in a report on Monday, September 23rd. StockNews.com downgraded shares of TD SYNNEX from a “buy” rating to a “hold” rating in a report on Wednesday. Royal Bank of Canada reaffirmed an “outperform” rating and issued a $140.00 price objective on shares of TD SYNNEX in a research note on Friday, September 27th. Finally, Loop Capital reissued a “buy” rating and set a $150.00 target price on shares of TD SYNNEX in a research note on Monday, October 7th. Four investment analysts have rated the stock with a hold rating and five have issued a buy rating to the stock. According to MarketBeat.com, the stock has an average rating of “Moderate Buy” and an average target price of $134.75.

TD SYNNEX Company 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.