Universal Beteiligungs und Servicegesellschaft mbH Acquires Shares of 52,586 TD SYNNEX Co. (NYSE:SNX)

Universal Beteiligungs und Servicegesellschaft mbH bought a new position in shares of TD SYNNEX Co. (NYSE:SNX - Free Report) in the fourth quarter, according to the company in its most recent Form 13F filing with the SEC. The fund bought 52,586 shares of the business services provider's stock, valued at approximately $6,167,000. Universal Beteiligungs und Servicegesellschaft mbH owned about 0.06% of TD SYNNEX at the end of the most recent reporting period.

A number of other hedge funds also recently bought and sold shares of the company. JPMorgan Chase & Co. grew its holdings in TD SYNNEX by 37.0% in the 3rd 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. Blue Trust Inc. increased its position in TD SYNNEX by 119.0% during the fourth quarter. Blue Trust Inc. now owns 749 shares of the business services provider's stock worth $90,000 after acquiring an additional 407 shares during the period. KBC Group NV boosted its holdings in TD SYNNEX by 52.8% in the 4th quarter. KBC Group NV now owns 6,988 shares of the business services provider's stock valued at $820,000 after purchasing an additional 2,415 shares during the period. Foundations Investment Advisors LLC grew its position in TD SYNNEX by 9.8% in the 4th quarter. Foundations Investment Advisors LLC now owns 1,934 shares of the business services provider's stock worth $227,000 after purchasing an additional 172 shares during the last quarter. Finally, Highland Capital Management LLC grew its position in TD SYNNEX by 6.5% in the 4th quarter. Highland Capital Management LLC now owns 1,905 shares of the business services provider's stock worth $223,000 after purchasing an additional 116 shares during the last quarter. 84.00% of the stock is currently owned by institutional investors.

TD SYNNEX Price Performance

Shares of TD SYNNEX stock traded down $0.33 during midday trading on Wednesday, reaching $122.63. The company had a trading volume of 376,444 shares, compared to its average volume of 735,259. The company has a current ratio of 1.24, a quick ratio of 0.76 and a debt-to-equity ratio of 0.46. The stock has a fifty day simple moving average of $112.72 and a 200 day simple moving average of $123.49. TD SYNNEX Co. has a 1-year low of $92.23 and a 1-year high of $145.10. The company has a market capitalization of $10.29 billion, a price-to-earnings ratio of 15.41, a price-to-earnings-growth ratio of 1.06 and a beta of 1.33.

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

TD SYNNEX Dividend Announcement

The company also recently announced a quarterly dividend, which was paid on Friday, April 25th. Shareholders of record on Friday, April 11th were issued a dividend of $0.44 per share. This represents a $1.76 dividend on an annualized basis and a yield of 1.44%. The ex-dividend date of this dividend was Friday, April 11th. TD SYNNEX's dividend payout ratio (DPR) is presently 21.97%.

Wall Street Analyst Weigh In

SNX has been the subject of a number of research analyst reports. Wall Street Zen lowered shares of TD SYNNEX from a "buy" rating to a "hold" rating in a research report on Wednesday, March 26th. JPMorgan Chase & Co. reduced their price objective on TD SYNNEX from $125.00 to $120.00 and set a "neutral" rating for the company in a research report on Friday, April 11th. Royal Bank of Canada lowered their price objective on TD SYNNEX from $165.00 to $145.00 and set an "outperform" rating on the stock in a research report on Friday, April 11th. Barclays reduced their target price 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. Finally, The Goldman Sachs Group decreased 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. Three investment analysts have rated the stock with a hold rating and seven have issued a buy rating to the stock. Based on data from MarketBeat.com, TD SYNNEX currently has a consensus rating of "Moderate Buy" and a consensus target price of $137.22.

Insider Buying and Selling at TD SYNNEX

In related news, insider Miriam Anne Murphy sold 3,000 shares of TD SYNNEX stock in a transaction that occurred on Wednesday, April 30th. The stock was sold at an average price of $110.00, for a total value of $330,000.00. Following the sale, the insider now owns 14,883 shares of the company's stock, valued at approximately $1,637,130. This trade represents a 16.78% decrease in their position. The sale was disclosed in a filing with the Securities & Exchange Commission, which can be accessed through this hyperlink. Also, 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 transaction, the chief financial officer now directly owns 49,843 shares of the company's stock, valued at approximately $6,383,891.44. This trade represents a 2.94% decrease in their position. The disclosure for this sale can be found here. Company insiders own 1.00% of the company's stock.

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.