TD SYNNEX Co. (NYSE:SNX) Holdings Raised by Ceredex Value Advisors LLC

Ceredex Value Advisors LLC grew its holdings in shares of TD SYNNEX Co. (NYSE:SNX - Free Report) by 176.3% in the fourth quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission (SEC). The firm owned 356,225 shares of the business services provider's stock after acquiring an additional 227,275 shares during the period. Ceredex Value Advisors LLC owned about 0.42% of TD SYNNEX worth $41,778,000 as of its most recent filing with the Securities and Exchange Commission (SEC).

A number of other institutional investors also recently bought and sold shares of SNX. Norges Bank bought a new position in shares of TD SYNNEX in the fourth quarter worth approximately $121,199,000. Ninety One UK Ltd boosted its stake in TD SYNNEX by 75.4% in the 4th quarter. Ninety One UK Ltd now owns 2,364,563 shares of the business services provider's stock worth $277,316,000 after purchasing an additional 1,016,251 shares during the period. JPMorgan Chase & Co. raised its position in shares of TD SYNNEX by 37.0% during the third quarter. JPMorgan Chase & Co. now owns 3,012,219 shares of the business services provider's stock valued at $361,707,000 after buying an additional 813,634 shares during the last quarter. LSV Asset Management boosted its position in shares of TD SYNNEX by 46.9% during the fourth quarter. LSV Asset Management now owns 1,715,847 shares of the business services provider's stock worth $201,235,000 after acquiring an additional 547,692 shares during the last quarter. Finally, Raymond James Financial Inc. purchased a new position in TD SYNNEX during the fourth quarter valued at $47,094,000. 84.00% of the stock is owned by institutional investors.

Insider Buying and Selling at TD SYNNEX

In related news, CFO Marshall Witt sold 1,510 shares of the business's stock in a transaction that occurred on Tuesday, March 18th. The stock was sold at an average price of $128.08, for a total transaction of $193,400.80. Following the completion of the transaction, the chief financial officer now owns 49,843 shares in the company, valued at $6,383,891.44. The trade was a 2.94 % decrease in their position. The transaction was disclosed in a document filed with the SEC, which is available through this hyperlink. Also, Director Richard T. Hume sold 20,000 shares of the company'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 of the company's stock, valued at $8,897,422.40. The trade was a 23.40 % decrease in their ownership of the stock. The disclosure for this sale can be found here. Insiders have sold 28,333 shares of company stock valued at $3,886,690 over the last three months. 1.00% of the stock is owned by company insiders.

Wall Street Analysts Forecast Growth

A number of equities analysts recently commented on the company. The Goldman Sachs Group dropped their price target on TD SYNNEX from $154.00 to $137.00 and set a "buy" rating for the company in a research note on Friday, March 28th. Barclays decreased their price target on TD SYNNEX from $148.00 to $125.00 and set an "equal weight" rating on the stock in a report on Friday, March 28th. Barrington Research reissued an "outperform" rating and set a $156.00 price target on shares of TD SYNNEX in a research note on Friday, April 11th. Cfra lowered their price target on TD SYNNEX from $147.00 to $132.00 and set a "buy" rating for the company in a report on Friday, March 28th. Finally, Royal Bank of Canada decreased their price target on shares of TD SYNNEX from $165.00 to $145.00 and set an "outperform" rating for the company in a research report on Friday, April 11th. Three research analysts have rated the stock with a hold rating and seven have assigned a buy rating to the company. Based on data from MarketBeat.com, the company has a consensus rating of "Moderate Buy" and a consensus price target of $137.22.

TD SYNNEX Price Performance

NYSE SNX traded down $3.39 during mid-day trading on Monday, hitting $102.30. The stock had a trading volume of 79,059 shares, compared to its average volume of 747,818. The company has a market cap of $8.59 billion, a price-to-earnings ratio of 12.85, a P/E/G ratio of 1.06 and a beta of 1.36. TD SYNNEX Co. has a 52-week low of $92.23 and a 52-week high of $145.10. The company has a 50 day simple moving average of $122.38 and a 200 day simple moving average of $124.00. 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 released its earnings results on Thursday, March 27th. The business services provider reported $2.80 earnings per share (EPS) for the quarter, missing analysts' consensus estimates of $2.87 by ($0.07). TD SYNNEX had a net margin of 1.18% and a return on equity of 11.91%. The company had revenue of $14.53 billion during the quarter, compared to analysts' expectations of $14.79 billion. During the same quarter in the previous year, the firm posted $2.99 earnings per share. TD SYNNEX's revenue for the quarter was up 4.0% compared to the same quarter last year. Equities analysts forecast that TD SYNNEX Co. will post 11.88 EPS for the current fiscal year.

TD SYNNEX Announces Dividend

The firm also recently announced a quarterly dividend, which will be paid on Friday, April 25th. Stockholders of record on Friday, April 11th will be paid a $0.44 dividend. This represents a $1.76 dividend on an annualized basis and a dividend yield of 1.72%. The ex-dividend date of this dividend is Friday, April 11th. TD SYNNEX's dividend payout ratio is presently 21.97%.

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.