Impact Partnership Wealth LLC Buys Shares of 2,473 TD SYNNEX Corporation (NYSE:SNX)

Impact Partnership Wealth LLC bought a new position in shares of TD SYNNEX Corporation (NYSE:SNX - Free Report) in the 1st quarter, according to its most recent disclosure with the SEC. The institutional investor bought 2,473 shares of the business services provider's stock, valued at approximately $257,000.

Other large investors have also made changes to their positions in the company. Norges Bank purchased a new position in shares of TD SYNNEX during the 4th quarter worth $121,199,000. Nuveen Asset Management LLC lifted its position in TD SYNNEX by 343.2% in the fourth quarter. Nuveen Asset Management LLC now owns 1,210,036 shares of the business services provider's stock valued at $141,913,000 after buying an additional 937,040 shares during the last quarter. LSV Asset Management lifted its position in TD SYNNEX by 46.9% in the fourth quarter. LSV Asset Management now owns 1,715,847 shares of the business services provider's stock valued at $201,235,000 after buying an additional 547,692 shares during the last quarter. Brave Warrior Advisors LLC lifted its position in TD SYNNEX by 12.2% in the fourth quarter. Brave Warrior Advisors LLC now owns 4,147,172 shares of the business services provider's stock valued at $486,380,000 after buying an additional 451,557 shares during the last quarter. Finally, Raymond James Financial Inc. acquired a new position in TD SYNNEX in the fourth quarter valued at about $47,094,000. 84.00% of the stock is owned by institutional investors and hedge funds.

Wall Street Analyst Weigh In

SNX has been the topic of a number of analyst reports. Barclays set a $140.00 price target on TD SYNNEX in a research report on Tuesday, June 24th. Barrington Research reaffirmed an "outperform" rating and issued a $156.00 price target on shares of TD SYNNEX in a research report on Friday, July 11th. Royal Bank Of Canada reaffirmed an "outperform" rating and issued a $145.00 price target on shares of TD SYNNEX in a research report on Wednesday, June 25th. JPMorgan Chase & Co. increased their price target on TD SYNNEX from $143.00 to $160.00 and gave the company a "neutral" rating in a research report on Thursday, July 17th. Finally, UBS Group decreased their target price on TD SYNNEX from $150.00 to $138.00 and set a "buy" rating for the company in a research note on Friday, March 28th. Two investment analysts have rated the stock with a hold rating and eight have given a buy rating to the company's stock. According to data from MarketBeat, the stock presently has an average rating of "Moderate Buy" and an average target price of $147.00.

Insider Transactions at TD SYNNEX

In other news, CFO Marshall Witt sold 1,509 shares of the firm's stock in a transaction on 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 sale, the chief financial officer directly owned 49,563 shares of the company's stock, valued at $6,212,722.05. This trade represents a 2.95% decrease in their position. The transaction was disclosed in a legal filing with the SEC, which is available through this link. Also, insider Miriam Anne Murphy sold 3,000 shares of the firm's stock in a transaction 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 completion of the sale, the insider directly owned 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 disclosure for this sale can be found here. Insiders sold a total of 67,819 shares of company stock valued at $9,143,874 in the last three months. 1.00% of the stock is currently owned by corporate insiders.

TD SYNNEX Stock Performance

NYSE:SNX traded up $1.13 during trading hours on Tuesday, reaching $143.83. 174,698 shares of the stock were exchanged, compared to its average volume of 726,592. The company has a quick ratio of 0.75, a current ratio of 1.26 and a debt-to-equity ratio of 0.45. The firm has a 50 day simple moving average of $129.83 and a 200-day simple moving average of $126.67. TD SYNNEX Corporation has a 52 week low of $92.23 and a 52 week high of $145.10. The stock has a market capitalization of $11.86 billion, a P/E ratio of 16.79, a P/E/G ratio of 1.18 and a beta of 1.30.

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, topping 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 business 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 firm earned $2.73 EPS. The business's quarterly revenue was up 7.2% on a year-over-year basis. As a group, sell-side analysts forecast that TD SYNNEX Corporation will post 11.88 earnings per share for the current fiscal year.

TD SYNNEX Announces Dividend

The business also recently disclosed a quarterly dividend, which will be paid on Friday, July 25th. Stockholders of record on Friday, July 11th will be paid a dividend of $0.44 per share. This represents a $1.76 annualized dividend and a dividend yield of 1.22%. The ex-dividend date of this dividend is Friday, July 11th. TD SYNNEX's dividend payout ratio is presently 20.56%.

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.