Dimensional Fund Advisors LP Has $265.83 Million Stock Position in TD SYNNEX Co. (NYSE:SNX)

Dimensional Fund Advisors LP boosted its position in shares of TD SYNNEX Co. (NYSE:SNX - Free Report) by 1.4% during the 4th quarter, according to the company in its most recent filing with the SEC. The institutional investor owned 2,266,614 shares of the business services provider's stock after purchasing an additional 31,404 shares during the period. Dimensional Fund Advisors LP owned 2.68% of TD SYNNEX worth $265,826,000 at the end of the most recent reporting period.

Several other large investors also recently added to or reduced their stakes in SNX. Barclays PLC grew its holdings in shares of TD SYNNEX by 20.1% during the fourth quarter. Barclays PLC now owns 97,617 shares of the business services provider's stock valued at $11,448,000 after buying an additional 16,310 shares in the last quarter. Proficio Capital Partners LLC purchased a new position in shares of TD SYNNEX during the fourth quarter valued at $5,158,000. JPMorgan Chase & Co. grew its holdings 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 in the last quarter. Sei Investments Co. grew its holdings in shares of TD SYNNEX by 25.5% during the fourth quarter. Sei Investments Co. now owns 70,745 shares of the business services provider's stock valued at $8,297,000 after buying an additional 14,379 shares in the last quarter. Finally, IFP Advisors Inc grew its holdings in shares of TD SYNNEX by 976.6% during the fourth quarter. IFP Advisors Inc now owns 1,012 shares of the business services provider's stock valued at $119,000 after buying an additional 918 shares in the last quarter. 84.00% of the stock is owned by institutional investors and hedge funds.

TD SYNNEX Stock Up 0.8 %

Shares of NYSE:SNX traded up $0.85 on Friday, reaching $111.21. The company had a trading volume of 567,689 shares, compared to its average volume of 752,735. TD SYNNEX Co. has a twelve month low of $92.23 and a twelve month high of $145.10. The stock has a 50-day moving average price of $118.81 and a 200 day moving average price of $123.58. The stock has a market capitalization of $9.33 billion, a P/E ratio of 13.97, a P/E/G ratio of 1.06 and a beta of 1.36. 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 announced its quarterly earnings results on Thursday, March 27th. The business services provider reported $2.80 earnings per share for the quarter, missing analysts' consensus estimates of $2.87 by ($0.07). TD SYNNEX had a return on equity of 11.91% and a net margin of 1.18%. The company had revenue of $14.53 billion during the quarter, compared to analyst estimates of $14.79 billion. During the same period in the prior year, the firm earned $2.99 EPS. TD SYNNEX's quarterly revenue was up 4.0% on a year-over-year basis. On average, equities analysts expect that TD SYNNEX Co. will post 11.88 EPS for the current year.

TD SYNNEX Announces Dividend

The firm 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 of this dividend was Friday, April 11th. This represents a $1.76 annualized dividend and a dividend yield of 1.58%. TD SYNNEX's dividend payout ratio is presently 21.97%.

Analyst Ratings Changes

A number of research analysts have recently weighed in on the company. Barclays lowered 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. StockNews.com downgraded TD SYNNEX from a "buy" rating to a "hold" rating in a research note on Wednesday, March 26th. UBS Group lowered their target price on TD SYNNEX from $150.00 to $138.00 and set a "buy" rating on the stock in a research note on Friday, March 28th. Cfra lowered their target price on TD SYNNEX from $147.00 to $132.00 and set a "buy" rating on the stock in a research note on Friday, March 28th. Finally, JPMorgan Chase & Co. lowered their target price on TD SYNNEX from $125.00 to $120.00 and set a "neutral" rating on the stock in a research note on Friday, April 11th. Three equities research analysts have rated the stock with a hold rating and seven have issued a buy rating to the stock. According to data from MarketBeat.com, TD SYNNEX presently has a consensus rating of "Moderate Buy" and an average price target of $137.22.

Insider Buying and Selling

In other TD SYNNEX news, CFO Marshall Witt sold 1,510 shares of the company'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 value of $193,400.80. Following the completion of the transaction, the chief financial officer now owns 49,843 shares of the company's stock, valued at $6,383,891.44. This represents a 2.94 % decrease in their position. The transaction was disclosed in a legal filing with the SEC, which is available at this link. Also, Director Richard T. Hume sold 20,000 shares of the company's stock in a transaction that occurred on Monday, March 3rd. The shares were sold at an average price of $135.88, for a total value of $2,717,600.00. Following the completion of the transaction, the director now directly owns 65,480 shares of the company's stock, valued at approximately $8,897,422.40. This trade represents a 23.40 % decrease in their position. The disclosure for this sale can be found here. In the last 90 days, insiders sold 28,333 shares of company stock valued at $3,886,690. Insiders own 1.00% 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.