American Century Companies Inc. Sells 12,955 Shares of TD SYNNEX Co. (NYSE:SNX)

American Century Companies Inc. decreased its position in TD SYNNEX Co. (NYSE:SNX) by 29.5% during the 4th quarter, according to its most recent filing with the Securities and Exchange Commission (SEC). The firm owned 30,892 shares of the business services provider’s stock after selling 12,955 shares during the quarter. American Century Companies Inc.’s holdings in TD SYNNEX were worth $3,623,000 at the end of the most recent reporting period.

Other institutional investors also recently modified their holdings of the company. Bartlett & CO. Wealth Management LLC raised its position in TD SYNNEX by 345.1% in the 4th quarter. Bartlett & CO. Wealth Management LLC now owns 227 shares of the business services provider’s stock valued at $27,000 after buying an additional 176 shares during the last quarter. UMB Bank n.a. grew its stake in shares of TD SYNNEX by 48.4% during the 4th quarter. UMB Bank n.a. now owns 429 shares of the business services provider’s stock worth $50,000 after acquiring an additional 140 shares in the last quarter. Point72 DIFC Ltd acquired a new stake in shares of TD SYNNEX in the third quarter valued at approximately $55,000. Blue Trust Inc. lifted its position in shares of TD SYNNEX by 37.7% in the fourth quarter. Blue Trust Inc. now owns 471 shares of the business services provider’s stock worth $55,000 after purchasing an additional 129 shares in the last quarter. Finally, Global Retirement Partners LLC boosted its holdings in TD SYNNEX by 31.9% during the fourth quarter. Global Retirement Partners LLC now owns 480 shares of the business services provider’s stock worth $56,000 after purchasing an additional 116 shares during the last quarter. 84.00% of the stock is currently owned by institutional investors.

TD SYNNEX Stock Down 3.8 %

SNX stock opened at $95.75 on Monday. The business’s 50 day simple moving average is $131.78 and its 200 day simple moving average is $125.33. TD SYNNEX Co. has a 1-year low of $94.46 and a 1-year high of $145.10. The firm has a market capitalization of $8.08 billion, a PE ratio of 12.03, a PEG ratio of 1.06 and a beta of 1.51. The company has a current ratio of 1.24, a quick ratio of 0.76 and a debt-to-equity ratio of 0.46.

TD SYNNEX (NYSE:SNX) last released its quarterly earnings data on Thursday, March 27th. The business services provider reported $2.80 EPS for the quarter, missing the consensus estimate of $2.87 by ($0.07). The company had revenue of $14.53 billion during the quarter, compared to analyst estimates of $14.79 billion. TD SYNNEX had a net margin of 1.18% and a return on equity of 11.91%. TD SYNNEX’s revenue for the quarter was up 4.0% on a year-over-year basis. During the same quarter in the prior year, the firm earned $2.99 earnings per share. As a group, research analysts anticipate that TD SYNNEX Co. will post 11.88 EPS for the current year.

TD SYNNEX Dividend Announcement

The company also recently disclosed a quarterly dividend, which will be paid on Friday, April 25th. Stockholders of record on Friday, April 11th will be issued a dividend of $0.44 per share. This represents a $1.76 dividend on an annualized basis and a dividend yield of 1.84%. The ex-dividend date of this dividend is Friday, April 11th. TD SYNNEX’s dividend payout ratio is presently 21.97%.

Analyst Upgrades and Downgrades

Several equities research analysts have issued reports on SNX shares. The Goldman Sachs Group lowered their price target on shares of TD SYNNEX from $154.00 to $137.00 and set a “buy” rating on the stock in a research note on Friday, March 28th. Barrington Research reiterated an “outperform” rating and set a $156.00 target price on shares of TD SYNNEX in a report on Friday, March 28th. Barclays reduced their price target on TD SYNNEX from $148.00 to $125.00 and set an “equal weight” rating for the company in a research report on Friday, March 28th. Royal Bank of Canada boosted their price target on TD SYNNEX from $140.00 to $165.00 and gave the stock an “outperform” rating in a research report on Friday, February 21st. Finally, Cfra cut their price objective on TD SYNNEX from $147.00 to $132.00 and set a “buy” rating for the company in a report on Friday, March 28th. Three research analysts have rated the stock with a hold rating and seven have given a buy rating to the company’s stock. Based on data from MarketBeat, TD SYNNEX currently has a consensus rating of “Moderate Buy” and an average price target of $140.00.

Insider Activity

In other news, Director Ann F. Vezina sold 839 shares of the business’s stock in a transaction dated Thursday, January 16th. The shares were sold at an average price of $136.08, for a total value of $114,171.12. Following the completion of the sale, the director now owns 4,856 shares of the company’s stock, valued at approximately $660,804.48. The trade was a 14.73 % decrease in their ownership of the stock. The sale was disclosed in a legal filing with the SEC, which can be accessed through this link. Also, CEO Patrick Zammit sold 6,823 shares of the firm’s stock in a transaction dated Thursday, January 30th. The stock was sold at an average price of $143.00, for a total transaction of $975,689.00. Following the transaction, the chief executive officer now directly owns 165,604 shares in the company, valued at approximately $23,681,372. This represents a 3.96 % decrease in their ownership of the stock. The disclosure for this sale can be found here. Over the last quarter, insiders have sold 29,172 shares of company stock valued at $4,000,861. 1.00% of the stock is owned by insiders.

TD SYNNEX 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.