Patrick Zammit Sells 5,000 Shares of TD SYNNEX Co. (NYSE:SNX) Stock

TD SYNNEX Co. (NYSE:SNXGet Rating) insider Patrick Zammit sold 5,000 shares of the company’s stock in a transaction that occurred on Thursday, November 10th. The stock was sold at an average price of $96.00, for a total transaction of $480,000.00. Following the completion of the transaction, the insider now owns 101,463 shares in the company, valued at $9,740,448. The sale was disclosed in a filing with the SEC, which is accessible through this hyperlink.

Patrick Zammit also recently made the following trade(s):

  • On Friday, October 28th, Patrick Zammit sold 5,000 shares of TD SYNNEX stock. The stock was sold at an average price of $91.00, for a total transaction of $455,000.00.

TD SYNNEX Trading Down 0.9 %

Shares of TD SYNNEX stock opened at $99.49 on Friday. TD SYNNEX Co. has a 1 year low of $78.86 and a 1 year high of $119.30. The company has a debt-to-equity ratio of 0.50, a quick ratio of 0.64 and a current ratio of 1.25. The company has a market capitalization of $9.51 billion, a P/E ratio of 17.42, a PEG ratio of 0.96 and a beta of 1.57. The company’s fifty day moving average is $89.58 and its two-hundred day moving average is $95.06.

TD SYNNEX (NYSE:SNXGet Rating) last issued its quarterly earnings data on Tuesday, September 27th. The business services provider reported $2.74 earnings per share (EPS) for the quarter, topping the consensus estimate of $2.73 by $0.01. The company had revenue of $15.36 billion for the quarter, compared to the consensus estimate of $15.04 billion. TD SYNNEX had a net margin of 0.89% and a return on equity of 13.47%. TD SYNNEX’s revenue for the quarter was up 194.9% on a year-over-year basis. During the same period last year, the firm posted $2.05 EPS. Analysts forecast that TD SYNNEX Co. will post 11.17 earnings per share for the current year.

TD SYNNEX Announces Dividend

The company also recently announced a quarterly dividend, which was paid on Friday, October 28th. Stockholders of record on Friday, October 14th were issued a $0.30 dividend. This represents a $1.20 annualized dividend and a dividend yield of 1.21%. The ex-dividend date of this dividend was Thursday, October 13th. TD SYNNEX’s payout ratio is 21.02%.

Institutional Trading of TD SYNNEX

Several hedge funds and other institutional investors have recently made changes to their positions in the company. FMR LLC boosted its holdings in shares of TD SYNNEX by 7.6% in the second quarter. FMR LLC now owns 6,110,250 shares of the business services provider’s stock valued at $556,644,000 after acquiring an additional 432,189 shares in the last quarter. Vanguard Group Inc. boosted its holdings in shares of TD SYNNEX by 2.0% in the third quarter. Vanguard Group Inc. now owns 4,215,710 shares of the business services provider’s stock valued at $342,274,000 after acquiring an additional 84,548 shares in the last quarter. BlackRock Inc. lifted its stake in shares of TD SYNNEX by 6.0% in the third quarter. BlackRock Inc. now owns 3,732,192 shares of the business services provider’s stock valued at $303,018,000 after purchasing an additional 211,608 shares during the period. Dimensional Fund Advisors LP lifted its stake in shares of TD SYNNEX by 4.0% in the third quarter. Dimensional Fund Advisors LP now owns 1,605,550 shares of the business services provider’s stock valued at $130,363,000 after purchasing an additional 61,515 shares during the period. Finally, River Road Asset Management LLC lifted its stake in shares of TD SYNNEX by 8,059.6% in the second quarter. River Road Asset Management LLC now owns 1,379,617 shares of the business services provider’s stock valued at $125,683,000 after purchasing an additional 1,362,709 shares during the period. Hedge funds and other institutional investors own 86.01% of the company’s stock.

Wall Street Analysts Forecast Growth

A number of equities research analysts have issued reports on the stock. Barrington Research reduced their target price on shares of TD SYNNEX from $106.00 to $98.00 in a report on Wednesday, September 28th. StockNews.com assumed coverage on shares of TD SYNNEX in a report on Wednesday, October 12th. They issued a “hold” rating on the stock. Credit Suisse Group reduced their price objective on shares of TD SYNNEX from $110.00 to $103.00 and set a “neutral” rating on the stock in a report on Tuesday, September 27th. Stifel Nicolaus reduced their price objective on shares of TD SYNNEX from $125.00 to $120.00 in a report on Tuesday, September 27th. Finally, TheStreet lowered shares of TD SYNNEX from a “b-” rating to a “c+” rating in a report on Friday, September 23rd. Three research analysts have rated the stock with a hold rating, seven have issued a buy rating and one has given a strong buy rating to the stock. Based on data from MarketBeat, the company has a consensus rating of “Moderate Buy” and an average target price of $125.45.

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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