Dennis Polk Sells 8,000 Shares of TD SYNNEX Co. (NYSE:SNX) Stock

TD SYNNEX Co. (NYSE:SNXGet Rating) insider Dennis Polk sold 8,000 shares of the stock in a transaction that occurred on Tuesday, August 2nd. The stock was sold at an average price of $100.09, for a total value of $800,720.00. Following the transaction, the insider now directly owns 151,153 shares in the company, valued at approximately $15,128,903.77. The transaction was disclosed in a document filed with the SEC, which can be accessed through this hyperlink.

Dennis Polk also recently made the following trade(s):

  • On Friday, July 1st, Dennis Polk sold 4,000 shares of TD SYNNEX stock. The stock was sold at an average price of $92.03, for a total value of $368,120.00.
  • On Wednesday, June 1st, Dennis Polk sold 1,300 shares of TD SYNNEX stock. The stock was sold at an average price of $101.81, for a total value of $132,353.00.

TD SYNNEX Stock Down 0.1 %

SNX opened at $101.96 on Friday. TD SYNNEX Co. has a 12 month low of $88.21 and a 12 month high of $130.93. The stock has a market cap of $9.77 billion, a P/E ratio of 17.08, a P/E/G ratio of 0.97 and a beta of 1.58. The stock’s 50 day moving average price is $96.61 and its 200 day moving average price is $100.87. 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 quarterly earnings results on Tuesday, June 28th. The business services provider reported $2.66 earnings per share (EPS) for the quarter, beating the consensus estimate of $2.52 by $0.14. TD SYNNEX had a return on equity of 13.95% and a net margin of 0.96%. The company had revenue of $15.27 billion for the quarter, compared to analysts’ expectations of $15.25 billion. During the same period last year, the firm earned $2.00 EPS. The firm’s revenue for the quarter was up 160.7% on a year-over-year basis. As a group, research analysts predict that TD SYNNEX Co. will post 11.31 earnings per share for the current year.

TD SYNNEX Dividend Announcement

The company also recently declared a quarterly dividend, which was paid on Friday, July 29th. Stockholders of record on Friday, July 15th were given a dividend of $0.30 per share. This represents a $1.20 annualized dividend and a dividend yield of 1.18%. The ex-dividend date was Thursday, July 14th. TD SYNNEX’s dividend payout ratio (DPR) is presently 20.10%.

Analyst Upgrades and Downgrades

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

Hedge Funds Weigh In On TD SYNNEX

Several hedge funds have recently modified their holdings of the company. Prospera Financial Services Inc acquired a new position in shares of TD SYNNEX in the 1st quarter worth $35,000. Ellevest Inc. grew its holdings in shares of TD SYNNEX by 902.5% in the 2nd quarter. Ellevest Inc. now owns 401 shares of the business services provider’s stock worth $37,000 after acquiring an additional 361 shares during the last quarter. CWM LLC acquired a new position in shares of TD SYNNEX in the 4th quarter worth $38,000. Meeder Asset Management Inc. grew its holdings in shares of TD SYNNEX by 619.2% in the 1st quarter. Meeder Asset Management Inc. now owns 374 shares of the business services provider’s stock worth $39,000 after acquiring an additional 322 shares during the last quarter. Finally, Covestor Ltd acquired a new position in shares of TD SYNNEX in the 4th quarter worth $42,000. 85.54% of the stock is currently owned by institutional investors and hedge funds.

TD SYNNEX Company Profile

(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.

See Also

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

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