Arizona State Retirement System Sells 205 Shares of TD SYNNEX Co. (NYSE:SNX)

Arizona State Retirement System decreased its holdings in TD SYNNEX Co. (NYSE:SNXGet Rating) by 1.7% during the 1st quarter, according to the company in its most recent filing with the SEC. The fund owned 11,676 shares of the business services provider’s stock after selling 205 shares during the period. Arizona State Retirement System’s holdings in TD SYNNEX were worth $1,205,000 as of its most recent SEC filing.

Several other hedge funds and other institutional investors also recently modified their holdings of the business. FinTrust Capital Advisors LLC bought a new position in shares of TD SYNNEX in the 1st quarter valued at $103,000. Guyasuta Investment Advisors Inc. bought a new position in shares of TD SYNNEX in the 1st quarter valued at $379,000. Jackson Creek Investment Advisors LLC boosted its holdings in shares of TD SYNNEX by 19.0% during the 1st quarter. Jackson Creek Investment Advisors LLC now owns 6,478 shares of the business services provider’s stock valued at $669,000 after acquiring an additional 1,034 shares in the last quarter. Montag A & Associates Inc. boosted its holdings in shares of TD SYNNEX by 142.9% during the 1st quarter. Montag A & Associates Inc. now owns 2,975 shares of the business services provider’s stock valued at $307,000 after acquiring an additional 1,750 shares in the last quarter. Finally, Beck Bode LLC acquired a new stake in shares of TD SYNNEX during the 1st quarter valued at $1,717,000. Institutional investors own 85.54% of the company’s stock.

Wall Street Analysts Forecast Growth

Several equities research analysts recently weighed in on the company. TheStreet downgraded TD SYNNEX from a “b-” rating to a “c+” rating in a report on Tuesday, July 5th. Citigroup cut their target price on TD SYNNEX from $165.00 to $150.00 and set a “buy” rating on the stock in a report on Wednesday, June 29th. Stifel Nicolaus raised TD SYNNEX from a “hold” rating to a “buy” rating and set a $125.00 target price on the stock in a report on Thursday, April 14th. Barrington Research cut their target price on TD SYNNEX from $128.00 to $106.00 and set an “outperform” rating on the stock in a report on Friday, July 1st. Finally, JPMorgan Chase & Co. assumed coverage on TD SYNNEX in a report on Thursday, July 14th. They set an “overweight” rating and a $119.00 target price on the stock. One research analyst has rated the stock with a hold rating, seven have assigned a buy rating and one has assigned a strong buy rating to the company’s stock. According to MarketBeat, the stock has a consensus rating of “Buy” and an average target price of $138.75.

TD SYNNEX Stock Performance

Shares of TD SYNNEX stock opened at $101.48 on Tuesday. TD SYNNEX Co. has a one year low of $88.21 and a one year high of $130.93. The firm has a market capitalization of $9.73 billion, a price-to-earnings ratio of 16.82, a PEG ratio of 0.95 and a beta of 1.58. The business has a 50-day simple moving average of $96.32 and a 200 day simple moving average of $100.96. The company has a debt-to-equity ratio of 0.49, a current ratio of 1.26 and a quick ratio of 0.69.

TD SYNNEX (NYSE:SNXGet Rating) last issued its earnings results on Tuesday, June 28th. The business services provider reported $2.66 EPS for the quarter, beating analysts’ consensus estimates of $2.52 by $0.14. TD SYNNEX had a return on equity of 13.95% and a net margin of 0.96%. The business had revenue of $15.27 billion during the quarter, compared to analyst estimates of $15.25 billion. During the same period in the previous year, the company posted $2.00 EPS. The firm’s revenue was up 160.7% compared to the same quarter last year. On average, research analysts anticipate that TD SYNNEX Co. will post 11.31 earnings per share for the current fiscal year.

TD SYNNEX Announces Dividend

The company also recently announced a quarterly dividend, which was paid on Friday, July 29th. Investors of record on Friday, July 15th were given a $0.30 dividend. This represents a $1.20 dividend on an annualized basis and a yield of 1.18%. The ex-dividend date was Thursday, July 14th. TD SYNNEX’s payout ratio is 20.10%.

Insiders Place Their Bets

In other TD SYNNEX news, Director Ann F. Vezina sold 366 shares of the business’s stock in a transaction that occurred on Thursday, July 7th. The stock was sold at an average price of $91.80, for a total transaction of $33,598.80. Following the completion of the sale, the director now directly owns 5,711 shares of the company’s stock, valued at approximately $524,269.80. The sale was disclosed in a filing with the Securities & Exchange Commission, which is accessible through the SEC website. In other TD SYNNEX news, Director Ann F. Vezina sold 366 shares of the business’s stock in a transaction that occurred on Thursday, July 7th. The stock was sold at an average price of $91.80, for a total transaction of $33,598.80. Following the completion of the sale, the director now directly owns 5,711 shares of the company’s stock, valued at approximately $524,269.80. The sale was disclosed in a filing with the Securities & Exchange Commission, which is accessible through the SEC website. Also, CEO Richard T. Hume sold 10,000 shares of the business’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 sale, the chief executive officer now directly owns 147,747 shares of the company’s stock, valued at $15,578,443.68. The disclosure for this sale can be found here. In the last ninety days, insiders sold 28,394 shares of company stock valued at $2,900,505. Corporate insiders own 1.60% of the company’s stock.

TD SYNNEX Company Profile

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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.

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Institutional Ownership by Quarter for TD SYNNEX (NYSE:SNX)

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