Bank of New York Mellon Corp lifted its stake in shares of TD SYNNEX Co. (NYSE:SNX – Get Rating) by 1.6% during the 3rd quarter, according to the company in its most recent disclosure with the Securities & Exchange Commission. The fund owned 460,655 shares of the business services provider’s stock after buying an additional 7,456 shares during the period. Bank of New York Mellon Corp owned about 0.48% of TD SYNNEX worth $37,402,000 at the end of the most recent quarter.
Several other institutional investors have also bought and sold shares of SNX. CoreCap Advisors LLC bought a new stake in shares of TD SYNNEX in the 2nd quarter worth $27,000. Ronald Blue Trust Inc. lifted its position in shares of TD SYNNEX by 143.8% during the 3rd quarter. Ronald Blue Trust Inc. now owns 295 shares of the business services provider’s stock worth $27,000 after buying an additional 174 shares in the last quarter. EverSource Wealth Advisors LLC purchased a new position in shares of TD SYNNEX in the 3rd quarter worth approximately $31,000. Wipfli Financial Advisors LLC bought a new position in shares of TD SYNNEX in the third quarter valued at approximately $45,000. Finally, Quadrant Capital Group LLC increased its position in shares of TD SYNNEX by 169.6% during the second quarter. Quadrant Capital Group LLC now owns 550 shares of the business services provider’s stock valued at $50,000 after acquiring an additional 346 shares during the last quarter. Institutional investors own 84.70% of the company’s stock.
Insiders Place Their Bets
In other news, CFO Marshall Witt sold 712 shares of the firm’s stock in a transaction that occurred on Friday, December 16th. The shares were sold at an average price of $95.58, for a total value of $68,052.96. Following the transaction, the chief financial officer now owns 50,893 shares in the company, valued at $4,864,352.94. The sale was disclosed in a document filed with the Securities & Exchange Commission, which can be accessed through the SEC website. In other news, insider Dennis Polk sold 8,000 shares of the stock in a transaction dated Friday, February 3rd. The shares were sold at an average price of $104.92, for a total transaction of $839,360.00. Following the completion of the sale, the insider now directly owns 132,402 shares in the company, valued at $13,891,617.84. The transaction was disclosed in a document filed with the SEC, which is accessible through the SEC website. Also, CFO Marshall Witt sold 712 shares of the company’s stock in a transaction that occurred on Friday, December 16th. The shares were sold at an average price of $95.58, for a total value of $68,052.96. Following the transaction, the chief financial officer now directly owns 50,893 shares of the company’s stock, valued at approximately $4,864,352.94. The disclosure for this sale can be found here. Insiders have sold 5,193,876 shares of company stock valued at $503,889,486 in the last ninety days. Company insiders own 1.70% of the company’s stock.
Wall Street Analyst Weigh In
TD SYNNEX Stock Down 2.6 %
Shares of NYSE SNX opened at $91.28 on Monday. The stock has a market capitalization of $8.71 billion, a P/E ratio of 13.46, a PEG ratio of 0.84 and a beta of 1.65. The company has a debt-to-equity ratio of 0.48, a current ratio of 1.25 and a quick ratio of 0.70. TD SYNNEX Co. has a one year low of $78.86 and a one year high of $115.14. The firm’s 50 day simple moving average is $101.66 and its two-hundred day simple moving average is $96.26.
TD SYNNEX (NYSE:SNX – Get Rating) last issued its earnings results on Tuesday, January 10th. The business services provider reported $3.30 EPS for the quarter, topping analysts’ consensus estimates of $2.85 by $0.45. The company had revenue of $16.25 billion for the quarter, compared to analysts’ expectations of $15.78 billion. TD SYNNEX had a net margin of 1.04% and a return on equity of 14.08%. As a group, analysts expect that TD SYNNEX Co. will post 11.67 EPS for the current fiscal year.
TD SYNNEX Increases Dividend
The business also recently declared a quarterly dividend, which was paid on Friday, January 27th. Investors of record on Friday, January 20th were given a dividend of $0.35 per share. This represents a $1.40 annualized dividend and a yield of 1.53%. This is a positive change from TD SYNNEX’s previous quarterly dividend of $0.30. The ex-dividend date of this dividend was Thursday, January 19th. TD SYNNEX’s dividend payout ratio (DPR) is presently 20.65%.
About TD SYNNEX
TD SYNNEX Corp. engages in the distribution and aggregation of solutions in the information technology ecosystem. It operates through the following geographical segments: Americas, Europe, and Asia-Pacific and Japan. The firm offers IT hardware, software, and systems including personal computing devices and peripherals, mobile phones and accessories, printers, server and datacenter infrastructure, hybrid cloud, security, networking, communications and storage solutions, and system components.
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