Yousif Capital Management LLC Acquires 1,922 Shares of TD SYNNEX Co. (NYSE:SNX)

Yousif Capital Management LLC raised its holdings in shares of TD SYNNEX Co. (NYSE:SNX) by 8.6% in the 4th quarter, according to its most recent Form 13F filing with the Securities & Exchange Commission. The fund owned 24,387 shares of the business services provider’s stock after purchasing an additional 1,922 shares during the quarter. Yousif Capital Management LLC’s holdings in TD SYNNEX were worth $2,624,000 as of its most recent filing with the Securities & Exchange Commission.

Other institutional investors have also bought and sold shares of the company. FMR LLC lifted its holdings in shares of TD SYNNEX by 4.7% in the 3rd quarter. FMR LLC now owns 6,853,828 shares of the business services provider’s stock worth $684,423,000 after acquiring an additional 307,844 shares during the last quarter. Vanguard Group Inc. raised its holdings in shares of TD SYNNEX by 4.0% in the third quarter. Vanguard Group Inc. now owns 5,008,606 shares of the business services provider’s stock worth $500,159,000 after buying an additional 193,198 shares during the period. Pacer Advisors Inc. lifted its position in shares of TD SYNNEX by 33,158.8% during the fourth quarter. Pacer Advisors Inc. now owns 1,336,005 shares of the business services provider’s stock worth $143,767,000 after purchasing an additional 1,331,988 shares during the last quarter. AQR Capital Management LLC boosted its stake in shares of TD SYNNEX by 2.3% during the third quarter. AQR Capital Management LLC now owns 1,124,694 shares of the business services provider’s stock valued at $112,312,000 after purchasing an additional 25,054 shares during the period. Finally, Causeway Capital Management LLC grew its holdings in shares of TD SYNNEX by 23.0% in the third quarter. Causeway Capital Management LLC now owns 778,367 shares of the business services provider’s stock worth $77,728,000 after purchasing an additional 145,552 shares during the last quarter. Institutional investors own 84.00% of the company’s stock.

Analysts Set New Price Targets

Several equities research analysts have issued reports on SNX shares. Barrington Research boosted their price objective on shares of TD SYNNEX from $122.00 to $138.00 and gave the company an “outperform” rating in a research report on Thursday, March 28th. UBS Group raised shares of TD SYNNEX from a “neutral” rating to a “buy” rating and upped their price objective for the stock from $115.00 to $145.00 in a research note on Tuesday, April 16th. JPMorgan Chase & Co. raised their target price on shares of TD SYNNEX from $113.00 to $126.00 and gave the company a “neutral” rating in a research report on Monday, April 1st. Royal Bank of Canada reaffirmed a “sector perform” rating and issued a $118.00 price target (up previously from $110.00) on shares of TD SYNNEX in a research report on Wednesday, March 27th. Finally, Barclays lifted their price objective 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 given a buy rating to the company’s stock. According to MarketBeat.com, the company presently has a consensus rating of “Moderate Buy” and a consensus target price of $121.82.

TD SYNNEX Stock Up 1.3 %

Shares of TD SYNNEX stock opened at $118.93 on Tuesday. The company has a quick ratio of 0.75, a current ratio of 1.22 and a debt-to-equity ratio of 0.38. The company has a market cap of $10.60 billion, a P/E ratio of 17.26, a PEG ratio of 1.10 and a beta of 1.64. The firm’s 50 day moving average price is $109.48 and its 200-day moving average price is $103.52. TD SYNNEX Co. has a 52-week low of $86.30 and a 52-week high of $119.87.

TD SYNNEX (NYSE:SNX) last released its quarterly earnings results on Tuesday, March 26th. The business services provider reported $2.83 earnings per share (EPS) for the quarter, topping the consensus estimate of $2.71 by $0.12. TD SYNNEX had a net margin of 1.12% and a return on equity of 12.16%. The business had revenue of $13.98 billion for the quarter, compared to analyst estimates of $14.37 billion. On average, sell-side analysts predict that TD SYNNEX Co. will post 11.38 EPS for the current fiscal year.

TD SYNNEX Announces Dividend

The firm also recently declared a quarterly dividend, which was paid on Friday, April 26th. Shareholders of record on Friday, April 12th were paid a $0.40 dividend. This represents a $1.60 dividend on an annualized basis and a yield of 1.35%. The ex-dividend date was Thursday, April 11th. TD SYNNEX’s dividend payout ratio (DPR) is presently 23.22%.

Insiders Place Their Bets

In related news, insider Dennis Polk sold 20,000 shares of the stock in a transaction that occurred on 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 directly owns 134,706 shares of the company’s stock, valued at approximately $15,908,778.60. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is accessible through the SEC website. In other TD SYNNEX news, insider Dennis Polk sold 20,000 shares of TD SYNNEX 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 sale, the insider now owns 134,706 shares of the company’s stock, valued at approximately $15,908,778.60. The sale was disclosed in a legal filing with the SEC, which is accessible through this hyperlink. Also, CEO Richard T. Hume sold 10,000 shares of the business’s 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 sale, the chief executive officer now owns 229,363 shares in the company, valued at approximately $24,213,851.91. The disclosure for this sale can be found here. Corporate insiders own 1.90% of the company’s stock.

About TD SYNNEX

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.