Brown Advisory Inc. Has $10.75 Million Stake in TD SYNNEX Corporation (NYSE:SNX)

Brown Advisory Inc. boosted its stake in shares of TD SYNNEX Corporation (NYSE:SNX - Free Report) by 28.8% in the 1st quarter, according to its most recent Form 13F filing with the SEC. The fund owned 103,374 shares of the business services provider's stock after purchasing an additional 23,121 shares during the period. Brown Advisory Inc. owned 0.12% of TD SYNNEX worth $10,747,000 as of its most recent filing with the SEC.

Several other large investors have also recently bought and sold shares of SNX. Bessemer Group Inc. boosted its position in TD SYNNEX by 174.7% during the fourth 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 last quarter. Versant Capital Management Inc raised its stake in TD SYNNEX by 115.1% in the first quarter. Versant Capital Management Inc now owns 342 shares of the business services provider's stock valued at $36,000 after buying an additional 183 shares during the period. Jones Financial Companies Lllp increased its stake in shares of TD SYNNEX by 196.5% during the fourth quarter. Jones Financial Companies Lllp now owns 507 shares of the business services provider's stock worth $59,000 after purchasing an additional 336 shares during the period. Amundi increased its stake in shares of TD SYNNEX by 22.3% during the fourth quarter. Amundi now owns 560 shares of the business services provider's stock worth $66,000 after purchasing an additional 102 shares during the period. Finally, State of Wyoming increased its stake in shares of TD SYNNEX by 51.9% during the fourth quarter. State of Wyoming now owns 594 shares of the business services provider's stock worth $70,000 after purchasing an additional 203 shares during the period. 84.00% of the stock is owned by institutional investors and hedge funds.

Analyst Ratings Changes

A number of brokerages have recently weighed in on SNX. Barrington Research reiterated an "outperform" rating and set a $156.00 target price on shares of TD SYNNEX in a research note on Friday. Wall Street Zen upgraded TD SYNNEX from a "hold" rating to a "buy" rating in a research note on Friday, June 27th. 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, Royal Bank Of Canada reiterated an "outperform" rating and set a $145.00 target price on shares of TD SYNNEX in a research note on Wednesday, June 25th. Two equities research analysts have rated the stock with a hold rating and eight have assigned a buy rating to the stock. According to data from MarketBeat.com, the company currently has an average rating of "Moderate Buy" and a consensus price target of $142.56.

TD SYNNEX Price Performance

Shares of NYSE SNX traded up $0.14 during mid-day trading on Monday, hitting $141.93. 809,228 shares of the stock traded hands, compared to its average volume of 734,446. The company has a debt-to-equity ratio of 0.45, a current ratio of 1.26 and a quick ratio of 0.75. TD SYNNEX Corporation has a twelve month low of $92.23 and a twelve month high of $145.10. The company has a market cap of $11.70 billion, a PE ratio of 16.58, a price-to-earnings-growth ratio of 1.17 and a beta of 1.30. The firm has a 50 day simple moving average of $127.26 and a two-hundred day simple moving average of $125.80.

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

TD SYNNEX Announces Dividend

The firm also recently disclosed a quarterly dividend, which will be paid on Friday, July 25th. Stockholders of record on Friday, July 11th will be given a $0.44 dividend. This represents a $1.76 annualized dividend and a dividend yield of 1.24%. The ex-dividend date of this dividend is Friday, July 11th. TD SYNNEX's dividend payout ratio (DPR) is presently 20.56%.

Insider Transactions at TD SYNNEX

In related news, CFO Marshall Witt sold 1,509 shares of the business's stock in a transaction dated Wednesday, June 18th. The stock was sold at an average price of $125.35, for a total value of $189,153.15. Following the completion of the sale, the chief financial officer directly owned 49,563 shares of the company's stock, valued at $6,212,722.05. The trade was a 2.95% decrease in their position. The sale was disclosed in a filing with the SEC, which is available at the SEC website. Also, Director Richard T. Hume sold 63,310 shares of the business's stock in a transaction dated Friday, June 27th. The shares were sold at an average price of $136.23, for a total value of $8,624,721.30. Following the completion of the sale, the director directly 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 disclosure for this sale can be found here. In the last ninety days, insiders sold 67,819 shares of company stock valued at $9,143,874. Corporate 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.