TD SYNNEX Co. (NYSE:SNX) CEO Richard T. Hume Sells 10,000 Shares

TD SYNNEX Co. (NYSE:SNXGet Rating) CEO Richard T. Hume sold 10,000 shares of the company’s stock in a transaction that occurred on Wednesday, May 4th. The stock was sold at an average price of $105.44, for a total value of $1,054,400.00. Following the transaction, the chief executive officer now directly owns 147,747 shares of the company’s stock, valued at $15,578,443.68. The sale was disclosed in a filing with the SEC, which is available through the SEC website.

NYSE:SNX opened at $101.27 on Friday. TD SYNNEX Co. has a one year low of $96.09 and a one year high of $130.93. The stock has a market cap of $9.73 billion, a PE ratio of 16.33, a P/E/G ratio of 0.90 and a beta of 1.61. The company has a debt-to-equity ratio of 0.49, a quick ratio of 0.73 and a current ratio of 1.25. The stock has a 50 day moving average price of $104.30 and a 200 day moving average price of $106.67.

TD SYNNEX (NYSE:SNXGet Rating) last issued its earnings results on Thursday, March 24th. The business services provider reported $3.03 earnings per share (EPS) for the quarter, beating the consensus estimate of $2.73 by $0.30. The company had revenue of $15.47 billion during the quarter, compared to analysts’ expectations of $15.31 billion. TD SYNNEX had a return on equity of 14.87% and a net margin of 1.04%. The firm’s quarterly revenue was up 213.2% on a year-over-year basis. During the same period in the prior year, the business earned $1.82 EPS. As a group, analysts predict that TD SYNNEX Co. will post 11 earnings per share for the current fiscal year.

The company also recently announced a quarterly dividend, which was paid on Friday, April 22nd. Shareholders of record on Monday, April 18th were paid a dividend of $0.30 per share. This represents a $1.20 dividend on an annualized basis and a yield of 1.18%. The ex-dividend date of this dividend was Thursday, April 14th. TD SYNNEX’s dividend payout ratio (DPR) is presently 19.35%.

A number of research firms have weighed in on SNX. Loop Capital increased their price objective on shares of TD SYNNEX from $165.00 to $175.00 in a report on Wednesday, January 12th. Zacks Investment Research lowered shares of TD SYNNEX from a “buy” rating to a “hold” rating and set a $113.00 price target on the stock. in a research note on Tuesday, March 15th. Citigroup boosted their price objective on TD SYNNEX from $155.00 to $165.00 and gave the stock a “buy” rating in a research note on Wednesday, January 12th. Stifel Nicolaus upgraded TD SYNNEX from a “hold” rating to a “buy” rating and set a $125.00 target price on the stock in a research report on Thursday, April 14th. Finally, StockNews.com began coverage on TD SYNNEX in a research report on Thursday, March 31st. They set a “hold” rating for the company. Two analysts have rated the stock with a hold rating, seven have issued a buy rating and one has issued a strong buy rating to the company. According to data from MarketBeat, the stock has a consensus rating of “Buy” and an average price target of $144.00.

Institutional investors have recently bought and sold shares of the company. FourThought Financial LLC lifted its stake in shares of TD SYNNEX by 41.6% in the 3rd quarter. FourThought Financial LLC now owns 320 shares of the business services provider’s stock valued at $33,000 after purchasing an additional 94 shares during the last quarter. Point72 Hong Kong Ltd purchased a new position in TD SYNNEX during the third quarter worth about $33,000. Prospera Financial Services Inc acquired a new stake in shares of TD SYNNEX during the first quarter valued at about $35,000. CWM LLC purchased a new stake in shares of TD SYNNEX in the 4th quarter valued at approximately $38,000. Finally, Covestor Ltd purchased a new position in shares of TD SYNNEX during the 4th quarter worth approximately $42,000. 85.54% of the stock is owned by institutional investors and hedge funds.

About TD SYNNEX (Get Rating)

TD SYNNEX Corporation provides business process services in the United States and internationally. The company distributes PC systems, mobile phones and accessories, printers, peripherals, supplies, endpoint technology software, consumer electronics, information technology (IT) systems including data center server and storage solutions, system components, software, networking, communications and security equipment, consumer electronics, and complementary products.

Further Reading

Insider Buying and Selling by Quarter for TD SYNNEX (NYSE:SNX)

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