Illinois Municipal Retirement Fund Has $4.15 Million Stock Holdings in TD SYNNEX Corporation (NYSE:SNX)

Illinois Municipal Retirement Fund trimmed its position in shares of TD SYNNEX Corporation (NYSE:SNX - Free Report) by 6.5% in the 1st quarter, according to the company in its most recent filing with the Securities and Exchange Commission (SEC). The fund owned 39,901 shares of the business services provider's stock after selling 2,771 shares during the quarter. Illinois Municipal Retirement Fund's holdings in TD SYNNEX were worth $4,148,000 as of its most recent filing with the Securities and Exchange Commission (SEC).

Several other large investors have also made changes to their positions in SNX. Barclays PLC increased its holdings in shares of TD SYNNEX by 20.1% during the 4th quarter. Barclays PLC now owns 97,617 shares of the business services provider's stock valued at $11,448,000 after acquiring an additional 16,310 shares during the last quarter. Proficio Capital Partners LLC bought a new position in shares of TD SYNNEX in the fourth quarter valued at approximately $5,158,000. Sei Investments Co. lifted its stake in shares of TD SYNNEX by 25.5% in the fourth quarter. Sei Investments Co. now owns 70,745 shares of the business services provider's stock worth $8,297,000 after buying an additional 14,379 shares during the last quarter. IFP Advisors Inc lifted its stake in shares of TD SYNNEX by 976.6% in the fourth quarter. IFP Advisors Inc now owns 1,012 shares of the business services provider's stock worth $119,000 after buying an additional 918 shares during the last quarter. Finally, Charles Schwab Investment Management Inc. grew its stake in TD SYNNEX by 2.0% in the 4th quarter. Charles Schwab Investment Management Inc. now owns 507,435 shares of the business services provider's stock valued at $59,512,000 after buying an additional 9,915 shares during the last quarter. Institutional investors own 84.00% of the company's stock.

TD SYNNEX Price Performance

SNX traded down $0.62 during midday trading on Monday, reaching $134.16. 109,900 shares of the company's stock were exchanged, compared to its average volume of 737,688. TD SYNNEX Corporation has a one year low of $92.23 and a one year high of $145.10. The firm has a market capitalization of $11.26 billion, a price-to-earnings ratio of 15.64, a price-to-earnings-growth ratio of 1.11 and a beta of 1.29. The business has a 50-day simple moving average of $121.26 and a two-hundred day simple moving average of $124.39. The company has a quick ratio of 0.75, a current ratio of 1.26 and a debt-to-equity ratio of 0.45.

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

TD SYNNEX Announces Dividend

The company also recently declared a quarterly dividend, which will be paid on Friday, July 25th. Shareholders of record on Friday, July 11th will be given a $0.44 dividend. The ex-dividend date is Friday, July 11th. This represents a $1.76 dividend on an annualized basis and a yield of 1.31%. TD SYNNEX's dividend payout ratio (DPR) is presently 20.56%.

Insiders Place Their Bets

In other TD SYNNEX news, insider Miriam Anne Murphy sold 3,000 shares of the firm's stock in a transaction dated Wednesday, April 30th. The shares were sold at an average price of $110.00, for a total value of $330,000.00. Following the completion of the sale, the insider now owns 14,883 shares in the company, valued at approximately $1,637,130. This trade represents a 16.78% decrease in their position. The transaction was disclosed in a legal filing with the SEC, which can be accessed through this hyperlink. Also, 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 transaction of $189,153.15. Following the completion of the transaction, the chief financial officer now directly owns 49,563 shares of the company's stock, valued at approximately $6,212,722.05. This represents a 2.95% decrease in their ownership of the stock. The disclosure for this sale can be found here. Insiders own 1.00% of the company's stock.

Analyst Ratings Changes

Several analysts recently weighed in on SNX shares. Morgan Stanley set a $155.00 target price on TD SYNNEX and gave the company an "overweight" rating in a research note on Wednesday, June 25th. The Goldman Sachs Group reduced their price target on shares of TD SYNNEX from $154.00 to $137.00 and set a "buy" rating for the company in a report on Friday, March 28th. JPMorgan Chase & Co. dropped their price objective on shares of TD SYNNEX from $125.00 to $120.00 and set a "neutral" rating on the stock in a report on Friday, April 11th. Wall Street Zen upgraded shares of TD SYNNEX from a "hold" rating to a "buy" rating in a research note on Friday. Finally, Royal Bank Of Canada reaffirmed an "outperform" rating and issued a $145.00 price target on shares of TD SYNNEX in a report on Wednesday. Two research analysts have rated the stock with a hold rating and eight have assigned a buy rating to the company. Based on data from MarketBeat, the stock presently has an average rating of "Moderate Buy" and an average price target of $142.56.

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.