TD SYNNEX Co. (NYSE:SNX) Stake Boosted by Xponance Inc.

Xponance Inc. grew its stake in shares of TD SYNNEX Co. (NYSE:SNX) by 15.6% during the 4th quarter, according to the company in its most recent filing with the Securities & Exchange Commission. The institutional investor owned 7,304 shares of the business services provider’s stock after acquiring an additional 988 shares during the period. Xponance Inc.’s holdings in TD SYNNEX were worth $786,000 as of its most recent SEC filing.

Other institutional investors and hedge funds have also modified their holdings of the company. Gladius Capital Management LP grew its holdings in shares of TD SYNNEX by 50.8% during the 3rd quarter. Gladius Capital Management LP now owns 742 shares of the business services provider’s stock valued at $74,000 after acquiring an additional 250 shares in the last quarter. Signaturefd LLC boosted its holdings in TD SYNNEX by 28.9% in the third quarter. Signaturefd LLC now owns 954 shares of the business services provider’s stock worth $95,000 after purchasing an additional 214 shares in the last quarter. CWM LLC boosted its holdings in TD SYNNEX by 193.1% in the third quarter. CWM LLC now owns 1,102 shares of the business services provider’s stock worth $110,000 after purchasing an additional 726 shares in the last quarter. Fifth Third Bancorp boosted its holdings in TD SYNNEX by 19.2% in the third quarter. Fifth Third Bancorp now owns 1,444 shares of the business services provider’s stock worth $144,000 after purchasing an additional 233 shares in the last quarter. Finally, SVB Wealth LLC bought a new stake in TD SYNNEX in the third quarter worth $202,000. 84.00% of the stock is currently owned by hedge funds and other institutional investors.

TD SYNNEX Stock Up 0.1 %

Shares of SNX opened at $117.38 on Friday. The company has a 50-day simple moving average of $108.79 and a 200-day simple moving average of $103.15. The firm has a market capitalization of $10.46 billion, a P/E ratio of 17.04, a P/E/G ratio of 1.10 and a beta of 1.64. The company has a debt-to-equity ratio of 0.38, a quick ratio of 0.75 and a current ratio of 1.22. TD SYNNEX Co. has a 52 week low of $86.30 and a 52 week high of $119.87.

TD SYNNEX (NYSE:SNX) last announced its quarterly earnings data on Tuesday, March 26th. The business services provider reported $2.83 EPS for the quarter, beating analysts’ consensus estimates of $2.71 by $0.12. The business had revenue of $13.98 billion during the quarter, compared to analyst estimates of $14.37 billion. TD SYNNEX had a net margin of 1.12% and a return on equity of 12.16%. On average, equities research analysts expect that TD SYNNEX Co. will post 11.38 earnings per share for the current year.

TD SYNNEX Announces Dividend

The business also recently disclosed a quarterly dividend, which will be paid on Friday, April 26th. Stockholders of record on Friday, April 12th will be given a dividend of $0.40 per share. This represents a $1.60 dividend on an annualized basis and a dividend yield of 1.36%. The ex-dividend date of this dividend is Thursday, April 11th. TD SYNNEX’s dividend payout ratio is currently 23.22%.

Analyst Upgrades and Downgrades

A number of equities research analysts recently issued reports on SNX shares. JPMorgan Chase & Co. upped their price objective on shares of TD SYNNEX from $113.00 to $126.00 and gave the stock a “neutral” rating in a report on Monday, April 1st. Barrington Research upped their price target on shares of TD SYNNEX from $122.00 to $138.00 and gave the company an “outperform” rating in a report on Thursday, March 28th. UBS Group upgraded shares of TD SYNNEX from a “neutral” rating to a “buy” rating and upped their price target for the company from $115.00 to $145.00 in a report on Tuesday, April 16th. Cfra upped their price target on shares of TD SYNNEX from $110.00 to $113.00 and gave the company a “hold” rating in a report on Tuesday, March 26th. Finally, Barclays upped their price target on shares of TD SYNNEX from $111.00 to $118.00 and gave the company an “equal weight” rating in a report on Wednesday, March 27th. Four equities research analysts have rated the stock with a hold rating and six have issued a buy rating to the stock. Based on data from MarketBeat, the company currently has an average rating of “Moderate Buy” and an average price target of $121.82.

Insider Buying and Selling

In related news, insider Dennis Polk sold 20,000 shares of the stock in a transaction dated Monday, April 8th. The shares were sold at an average price of $118.10, for a total value of $2,362,000.00. Following the completion of the transaction, the insider now owns 134,706 shares of the company’s stock, valued at $15,908,778.60. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is accessible through the SEC website. In related news, CEO Richard T. Hume sold 10,000 shares of the stock in a transaction dated Monday, March 4th. The shares were sold at an average price of $105.57, for a total value of $1,055,700.00. Following the completion of the transaction, the chief executive officer now owns 229,363 shares of the company’s stock, valued at $24,213,851.91. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is accessible through the SEC website. Also, insider Dennis Polk sold 20,000 shares of the stock in a transaction dated Monday, April 8th. The stock was sold at an average price of $118.10, for a total transaction of $2,362,000.00. Following the completion of the transaction, the insider now directly owns 134,706 shares of the company’s stock, valued at approximately $15,908,778.60. The disclosure for this sale can be found here. Company insiders own 1.90% of the company’s stock.

TD SYNNEX Company Profile

TD SYNNEX Corporation operates as a distributor and solutions aggregator for the information technology (IT) ecosystem. The company offers personal computing devices and peripherals, mobile phones and accessories, printers, supplies, and endpoint technology software; and data center technologies, such as hybrid cloud, security, storage, networking, servers, technology software, and converged and hyper-converged infrastructure, as well as computing components.