Deutsche Bank AG grew its stake in shares of TD SYNNEX Co. (NYSE:SNX - Free Report) by 276.3% in the fourth quarter, according to the company in its most recent filing with the SEC. The firm owned 55,141 shares of the business services provider's stock after acquiring an additional 40,489 shares during the quarter. Deutsche Bank AG owned about 0.07% of TD SYNNEX worth $6,467,000 as of its most recent SEC filing.
Other large investors also recently modified their holdings of the company. Norges Bank bought a new stake in TD SYNNEX during the fourth quarter worth about $121,199,000. Ninety One UK Ltd raised its position in shares of 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 valued at $277,316,000 after buying an additional 1,016,251 shares in the last quarter. JPMorgan Chase & Co. lifted its holdings in shares of TD SYNNEX by 37.0% during the 3rd quarter. JPMorgan Chase & Co. now owns 3,012,219 shares of the business services provider's stock worth $361,707,000 after acquiring an additional 813,634 shares during the period. LSV Asset Management boosted its position in shares of TD SYNNEX by 46.9% during the 4th 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 in the last quarter. Finally, Brave Warrior Advisors LLC boosted its position in shares of TD SYNNEX by 12.2% during the 4th quarter. Brave Warrior Advisors LLC now owns 4,147,172 shares of the business services provider's stock worth $486,380,000 after acquiring an additional 451,557 shares in the last quarter. 84.00% of the stock is owned by institutional investors and hedge funds.
TD SYNNEX Trading Down 2.2%
TD SYNNEX stock traded down $2.79 during trading hours on Wednesday, hitting $121.36. The stock had a trading volume of 476,574 shares, compared to its average volume of 741,203. The business's 50 day simple moving average is $113.23 and its 200-day simple moving average is $123.35. TD SYNNEX Co. has a one year low of $92.23 and a one year high of $145.10. The stock has a market cap of $10.18 billion, a price-to-earnings ratio of 15.25, a P/E/G ratio of 1.06 and a beta of 1.33. 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 issued its quarterly earnings data 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 business had revenue of $14.53 billion during the quarter, compared to the consensus estimate of $14.79 billion. During the same quarter last year, the business earned $2.99 EPS. The firm's quarterly revenue was up 4.0% compared to the same quarter last year. On average, equities analysts predict that TD SYNNEX Co. will post 11.88 EPS for the current fiscal year.
TD SYNNEX Dividend Announcement
The firm also recently disclosed a quarterly dividend, which was paid on Friday, April 25th. Investors of record on Friday, April 11th were paid a $0.44 dividend. The ex-dividend date of this dividend was Friday, April 11th. This represents a $1.76 annualized dividend and a dividend yield of 1.45%. TD SYNNEX's dividend payout ratio is 21.97%.
Insider Activity at TD SYNNEX
In related news, insider Miriam Anne Murphy sold 3,000 shares of the company's 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 directly owns 14,883 shares in the company, valued at $1,637,130. This represents a 16.78% decrease in their ownership of the stock. The sale was disclosed in a legal filing with the SEC, which is available at this hyperlink. Also, Director Richard T. Hume sold 20,000 shares of the stock in a transaction that occurred on 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 sale, the director now directly owns 65,480 shares of the company's stock, valued at $8,897,422.40. This represents a 23.40% decrease in their position. The disclosure for this sale can be found here. Insiders sold 24,510 shares of company stock worth $3,241,001 over the last three months. Company insiders own 1.00% of the company's stock.
Analyst Upgrades and Downgrades
Several research firms have weighed in on SNX. Royal Bank of Canada cut their target price on TD SYNNEX from $165.00 to $145.00 and set an "outperform" rating for the company in a research note on Friday, April 11th. UBS Group dropped their price objective on TD SYNNEX from $150.00 to $138.00 and set a "buy" rating for the company in a research report on Friday, March 28th. The Goldman Sachs Group reduced their price objective 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. StockNews.com downgraded TD SYNNEX from a "buy" rating to a "hold" rating in a research note on Wednesday, March 26th. Finally, Cfra reduced their price target on shares of TD SYNNEX from $147.00 to $132.00 and set a "buy" rating on the stock in a research note on Friday, March 28th. Three equities research analysts have rated the stock with a hold rating and seven have issued a buy rating to the company's stock. According to MarketBeat.com, the stock currently has a consensus rating of "Moderate Buy" and a consensus price target of $137.22.
Check Out Our Latest Analysis on TD SYNNEX
TD SYNNEX Profile
(
Free Report)
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.
Recommended Stories
Before you consider TD SYNNEX, you'll want to hear this.
MarketBeat keeps track of Wall Street's top-rated and best performing research analysts and the stocks they recommend to their clients on a daily basis. MarketBeat has identified the five stocks that top analysts are quietly whispering to their clients to buy now before the broader market catches on... and TD SYNNEX wasn't on the list.
While TD SYNNEX currently has a Moderate Buy rating among analysts, top-rated analysts believe these five stocks are better buys.
View The Five Stocks Here
Nuclear energy stocks are roaring. It's the hottest energy sector of the year. Cameco Corp, Paladin Energy, and BWX Technologies were all up more than 40% in 2024. The biggest market moves could still be ahead of us, and there are seven nuclear energy stocks that could rise much higher in the next several months. To unlock these tickers, enter your email address below.
Get This Free Report
