9,447 Shares in TD SYNNEX Corporation (NYSE:SNX) Bought by Asset Management One Co. Ltd.

Asset Management One Co. Ltd. purchased a new position in shares of TD SYNNEX Corporation (NYSE:SNX - Free Report) during the 1st quarter, according to its most recent disclosure with the Securities and Exchange Commission (SEC). The institutional investor purchased 9,447 shares of the business services provider's stock, valued at approximately $982,000.

A number of other large investors have also recently added to or reduced their stakes in the company. Bessemer Group Inc. raised its holdings in shares of TD SYNNEX by 174.7% in 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 during the period. Versant Capital Management Inc increased its position in TD SYNNEX by 115.1% during the first quarter. Versant Capital Management Inc now owns 342 shares of the business services provider's stock worth $36,000 after buying an additional 183 shares during the last quarter. Jones Financial Companies Lllp raised its stake in TD SYNNEX by 196.5% in the fourth quarter. Jones Financial Companies Lllp now owns 507 shares of the business services provider's stock valued at $59,000 after buying an additional 336 shares during the period. Amundi lifted its position in shares of TD SYNNEX by 22.3% in the fourth quarter. Amundi now owns 560 shares of the business services provider's stock valued at $66,000 after buying an additional 102 shares during the last quarter. Finally, State of Wyoming boosted its stake in shares of TD SYNNEX by 51.9% during the 4th quarter. State of Wyoming now owns 594 shares of the business services provider's stock worth $70,000 after acquiring an additional 203 shares during the period. Institutional investors and hedge funds own 84.00% of the company's stock.

Analyst Ratings Changes

A number of equities research analysts recently weighed in on SNX shares. The Goldman Sachs Group dropped their price target on TD SYNNEX from $154.00 to $137.00 and set a "buy" rating on the stock in a research note on Friday, March 28th. Barclays set a $140.00 target price on shares of TD SYNNEX in a research note on Tuesday, June 24th. Barrington Research reiterated an "outperform" rating and issued a $156.00 price target on shares of TD SYNNEX in a research note on Monday, June 23rd. UBS Group lowered their price target on shares of TD SYNNEX from $150.00 to $138.00 and set a "buy" rating on the stock in a report on Friday, March 28th. Finally, Royal Bank Of Canada restated an "outperform" rating and set a $145.00 price objective on shares of TD SYNNEX in a report on Wednesday, June 25th. Two research analysts have rated the stock with a hold rating and eight have assigned a buy rating to the company. According to MarketBeat.com, the company has a consensus rating of "Moderate Buy" and an average target price of $142.56.

TD SYNNEX Price Performance

NYSE:SNX opened at $135.48 on Tuesday. TD SYNNEX Corporation has a 52 week low of $92.23 and a 52 week high of $145.10. The company has a debt-to-equity ratio of 0.45, a quick ratio of 0.75 and a current ratio of 1.26. The firm's 50-day simple moving average is $121.91 and its 200 day simple moving average is $124.48. The firm has a market cap of $11.37 billion, a price-to-earnings ratio of 15.83, a P/E/G ratio of 1.11 and a beta of 1.29.

TD SYNNEX (NYSE:SNX - Get Free Report) last announced its earnings results on Tuesday, June 24th. The business services provider reported $2.99 EPS for the quarter, topping the consensus estimate of $2.71 by $0.28. The company had revenue of $14.95 billion for the quarter, compared to analysts' expectations of $14.30 billion. TD SYNNEX had a net margin of 1.21% and a return on equity of 11.58%. The business's revenue for the quarter was up 7.2% on a year-over-year basis. During the same period last year, the firm earned $2.73 earnings per share. As a group, sell-side analysts predict that TD SYNNEX Corporation will post 11.88 earnings per share for the current year.

TD SYNNEX Announces Dividend

The business also recently announced a quarterly dividend, which will be paid on Friday, July 25th. Stockholders of record on Friday, July 11th will be given a dividend of $0.44 per share. The ex-dividend date is Friday, July 11th. This represents a $1.76 dividend on an annualized basis and a dividend yield of 1.30%. TD SYNNEX's payout ratio is 20.56%.

Insider Transactions at TD SYNNEX

In related news, Director Richard T. Hume sold 63,310 shares of the business's stock in a transaction dated Friday, June 27th. The stock was sold at an average price of $136.23, for a total value of $8,624,721.30. Following the completion of the transaction, the director owned 67,515 shares of the company's stock, valued at $9,197,568.45. The trade was a 48.39% decrease in their ownership of the stock. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is available through this link. Also, CFO Marshall Witt sold 1,509 shares of the stock in a transaction dated Wednesday, June 18th. The stock was sold at an average price of $125.35, for a total transaction of $189,153.15. Following the sale, the chief financial officer owned 49,563 shares in the company, valued at $6,212,722.05. The trade was a 2.95% decrease in their ownership of the stock. The disclosure for this sale can be found here. In the last three months, insiders have sold 67,819 shares of company stock valued at $9,143,874. 1.00% of the stock is owned by corporate insiders.

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.

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