4,567 Shares in TD SYNNEX Co. (NYSE:SNX) Acquired by Occudo Quantitative Strategies LP

Occudo Quantitative Strategies LP acquired a new stake in shares of TD SYNNEX Co. (NYSE:SNX - Free Report) in the 4th quarter, according to its most recent 13F filing with the SEC. The fund acquired 4,567 shares of the business services provider's stock, valued at approximately $536,000.

Other large investors have also made changes to their positions in the company. Bartlett & CO. Wealth Management LLC lifted its holdings in TD SYNNEX by 345.1% in the fourth quarter. Bartlett & CO. Wealth Management LLC now owns 227 shares of the business services provider's stock valued at $27,000 after acquiring an additional 176 shares during the period. Bessemer Group Inc. increased its holdings in shares of TD SYNNEX by 174.7% during the 4th quarter. Bessemer Group Inc. now owns 239 shares of the business services provider's stock valued at $28,000 after purchasing an additional 152 shares in the last quarter. UMB Bank n.a. lifted its stake in shares of TD SYNNEX by 48.4% in the 4th quarter. UMB Bank n.a. now owns 429 shares of the business services provider's stock valued at $50,000 after purchasing an additional 140 shares during the period. Blue Trust Inc. boosted its holdings in TD SYNNEX by 37.7% during the fourth quarter. Blue Trust Inc. now owns 471 shares of the business services provider's stock worth $55,000 after buying an additional 129 shares in the last quarter. Finally, Global Retirement Partners LLC grew its position 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 valued at $56,000 after buying an additional 116 shares during the period. 84.00% of the stock is owned by hedge funds and other institutional investors.

Insiders Place Their Bets

In related news, Director Richard T. Hume sold 20,000 shares of the firm's stock in a transaction dated Monday, March 3rd. The shares were sold at an average price of $135.88, for a total transaction of $2,717,600.00. Following the completion of the sale, the director now directly owns 65,480 shares in the company, valued at approximately $8,897,422.40. This trade represents a 23.40% decrease in their ownership of the stock. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is accessible through this link. Also, insider Miriam Anne Murphy sold 3,000 shares of the business's stock in a transaction dated Wednesday, April 30th. The shares were sold at an average price of $110.00, for a total transaction of $330,000.00. Following the completion of the transaction, the insider now owns 14,883 shares in the company, valued at $1,637,130. The trade was a 16.78% decrease in their ownership of the stock. The disclosure for this sale can be found here. Over the last 90 days, insiders have sold 24,510 shares of company stock valued at $3,241,001. Insiders own 1.00% of the company's stock.

Wall Street Analysts Forecast Growth

A number of research analysts have weighed in on the stock. Barrington Research reiterated an "outperform" rating and issued a $156.00 price objective on shares of TD SYNNEX in a research report on Friday, April 11th. UBS Group lowered their price target on TD SYNNEX from $150.00 to $138.00 and set a "buy" rating on the stock in a research report on Friday, March 28th. Royal Bank of Canada dropped their price objective on TD SYNNEX from $165.00 to $145.00 and set an "outperform" rating on the stock in a report on Friday, April 11th. Cfra reduced their target price on TD SYNNEX from $147.00 to $132.00 and set a "buy" rating for the company in a research note on Friday, March 28th. Finally, StockNews.com lowered TD SYNNEX from a "buy" rating to a "hold" rating in a research report on Wednesday, March 26th. Three equities research analysts have rated the stock with a hold rating and seven have given a buy rating to the stock. Based on data from MarketBeat, the stock presently has an average rating of "Moderate Buy" and an average price target of $137.22.

TD SYNNEX Price Performance

NYSE SNX traded up $0.69 during mid-day trading on Tuesday, hitting $125.05. The stock had a trading volume of 105,694 shares, compared to its average volume of 850,106. The firm's 50 day moving average is $113.25 and its 200 day moving average is $123.34. The company has a debt-to-equity ratio of 0.46, a current ratio of 1.24 and a quick ratio of 0.76. The stock has a market capitalization of $10.49 billion, a price-to-earnings ratio of 15.71, a PEG ratio of 1.06 and a beta of 1.33. TD SYNNEX Co. has a twelve month low of $92.23 and a twelve month high of $145.10.

TD SYNNEX (NYSE:SNX - Get Free Report) last issued its earnings results on Thursday, March 27th. The business services provider reported $2.80 EPS for the quarter, missing analysts' consensus estimates of $2.87 by ($0.07). The business 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 quarterly revenue was up 4.0% on a year-over-year basis. During the same quarter last year, the company earned $2.99 earnings per share. Equities research analysts forecast that TD SYNNEX Co. will post 11.88 earnings per share for the current fiscal year.

TD SYNNEX Announces Dividend

The business also recently disclosed a quarterly dividend, which was paid on Friday, April 25th. Investors of record on Friday, April 11th were given a dividend of $0.44 per share. The ex-dividend date was Friday, April 11th. This represents a $1.76 dividend on an annualized basis and a yield of 1.41%. TD SYNNEX's payout ratio is 21.97%.

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.