BNP Paribas Financial Markets Sells 29,542 Shares of TD SYNNEX Co. (NYSE:SNX)

BNP Paribas Financial Markets reduced its stake in TD SYNNEX Co. (NYSE:SNX - Free Report) by 61.1% in the fourth quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The firm owned 18,787 shares of the business services provider's stock after selling 29,542 shares during the period. BNP Paribas Financial Markets' holdings in TD SYNNEX were worth $2,203,000 at the end of the most recent reporting period.

A number of other large investors have also recently made changes to their positions in the stock. Bartlett & CO. Wealth Management LLC lifted its holdings in TD SYNNEX by 345.1% during the 4th quarter. Bartlett & CO. Wealth Management LLC now owns 227 shares of the business services provider's stock worth $27,000 after purchasing an additional 176 shares in the last quarter. Bessemer Group Inc. grew its holdings in 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 buying an additional 152 shares in the last quarter. UMB Bank n.a. increased its position in shares of TD SYNNEX by 48.4% during the fourth quarter. UMB Bank n.a. now owns 429 shares of the business services provider's stock valued at $50,000 after buying an additional 140 shares during the period. Blue Trust Inc. lifted its holdings 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 buying an additional 129 shares in the last quarter. Finally, Global Retirement Partners LLC boosted its position in shares of TD SYNNEX by 31.9% in the fourth quarter. Global Retirement Partners LLC now owns 480 shares of the business services provider's stock valued at $56,000 after acquiring an additional 116 shares during the period. 84.00% of the stock is owned by institutional investors.

Insider Transactions at TD SYNNEX

In other news, insider Miriam Anne Murphy sold 3,000 shares of the firm's stock in a transaction that occurred on Wednesday, April 30th. The shares were sold at an average price of $110.00, for a total value of $330,000.00. Following the transaction, the insider now owns 14,883 shares in the company, valued at approximately $1,637,130. This trade represents a 16.78% decrease in their ownership of the stock. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is accessible through this hyperlink. Also, Director Richard T. Hume sold 20,000 shares of the company's stock in a transaction on 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 sale, the director now owns 65,480 shares of the company's stock, valued at $8,897,422.40. This represents a 23.40% decrease in their ownership of the stock. The disclosure for this sale can be found here. Over the last quarter, insiders have sold 24,510 shares of company stock worth $3,241,001. Company insiders own 1.00% of the company's stock.

Wall Street Analyst Weigh In

SNX has been the topic of several recent analyst reports. Royal Bank of Canada lowered their target price on shares of TD SYNNEX from $165.00 to $145.00 and set an "outperform" rating on the stock in a research note on Friday, April 11th. Barclays decreased their price target on shares of TD SYNNEX from $148.00 to $125.00 and set an "equal weight" rating on the stock in a report on Friday, March 28th. StockNews.com lowered TD SYNNEX from a "buy" rating to a "hold" rating in a research note on Wednesday, March 26th. The Goldman Sachs Group reduced their target price on TD SYNNEX from $154.00 to $137.00 and set a "buy" rating for the company in a research report on Friday, March 28th. Finally, Cfra lowered their price target on TD SYNNEX from $147.00 to $132.00 and set a "buy" rating on the stock in a report on Friday, March 28th. Three research analysts have rated the stock with a hold rating and seven have assigned a buy rating to the stock. According to data from MarketBeat, TD SYNNEX has an average rating of "Moderate Buy" and an average price target of $137.22.

TD SYNNEX Price Performance

Shares of NYSE SNX traded down $0.17 during trading hours on Thursday, reaching $121.18. 51,188 shares of the stock traded hands, compared to its average volume of 738,377. The company's 50-day simple moving average is $113.11 and its two-hundred day simple moving average is $123.34. The company has a market capitalization of $10.17 billion, a P/E ratio of 15.22, a price-to-earnings-growth ratio of 1.06 and a beta of 1.33. TD SYNNEX Co. has a 52-week low of $92.23 and a 52-week high of $145.10. The company has a quick ratio of 0.76, a current ratio of 1.24 and a debt-to-equity ratio of 0.46.

TD SYNNEX (NYSE:SNX - Get Free Report) last posted its quarterly earnings results 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). TD SYNNEX had a return on equity of 11.91% and a net margin of 1.18%. The business had revenue of $14.53 billion for the quarter, compared to analysts' expectations of $14.79 billion. During the same period last year, the business posted $2.99 earnings per share. The company's revenue was up 4.0% compared to the same quarter last year. Equities research analysts forecast that TD SYNNEX Co. will post 11.88 EPS for the current year.

TD SYNNEX Dividend Announcement

The business also recently disclosed a quarterly dividend, which was paid on Friday, April 25th. Stockholders of record on Friday, April 11th were paid 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 dividend yield of 1.45%. TD SYNNEX's dividend payout ratio (DPR) is currently 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.