Impact Partnership Wealth LLC Makes New Investment in TD SYNNEX Corporation (NYSE:SNX)

Impact Partnership Wealth LLC acquired a new stake in TD SYNNEX Corporation (NYSE:SNX - Free Report) during the 1st quarter, according to its most recent filing with the Securities and Exchange Commission. The firm acquired 2,473 shares of the business services provider's stock, valued at approximately $257,000.

Other institutional investors and hedge funds have also recently bought and sold shares of the company. Quadrant Capital Group LLC grew its holdings in TD SYNNEX by 9.2% in the 4th quarter. Quadrant Capital Group LLC now owns 1,068 shares of the business services provider's stock valued at $125,000 after buying an additional 90 shares during the last quarter. Ellevest Inc. grew its position in TD SYNNEX by 3.9% during the fourth quarter. Ellevest Inc. now owns 2,384 shares of the business services provider's stock worth $280,000 after buying an additional 90 shares in the last quarter. Crossmark Global Holdings Inc. grew its holdings in shares of TD SYNNEX by 1.6% during the 1st quarter. Crossmark Global Holdings Inc. now owns 6,063 shares of the business services provider's stock worth $630,000 after purchasing an additional 94 shares in the last quarter. Utah Retirement Systems boosted its position in shares of TD SYNNEX by 2.5% during the 4th quarter. Utah Retirement Systems now owns 4,100 shares of the business services provider's stock valued at $481,000 after acquiring an additional 100 shares in the last quarter. Finally, State of Michigan Retirement System boosted its position in shares of TD SYNNEX by 0.6% during the 1st quarter. State of Michigan Retirement System now owns 18,021 shares of the business services provider's stock valued at $1,873,000 after acquiring an additional 100 shares in the last quarter. Institutional investors and hedge funds own 84.00% of the company's stock.

Wall Street Analyst Weigh In

Several analysts recently commented on SNX shares. Wall Street Zen raised TD SYNNEX from a "hold" rating to a "buy" rating in a research note on Friday, June 27th. Royal Bank Of Canada reaffirmed an "outperform" rating and set a $145.00 price target on shares of TD SYNNEX in a research report on Wednesday, June 25th. Morgan Stanley set a $155.00 price target on shares of TD SYNNEX and gave the company an "overweight" rating in a research note on Wednesday, June 25th. The Goldman Sachs Group decreased their target price on shares of TD SYNNEX from $154.00 to $137.00 and set a "buy" rating on the stock in a research report on Friday, March 28th. Finally, Barrington Research reaffirmed an "outperform" rating and set a $156.00 target price on shares of TD SYNNEX in a report on Friday, July 11th. Two research analysts have rated the stock with a hold rating and eight have given a buy rating to the stock. Based on data from MarketBeat.com, the stock presently has an average rating of "Moderate Buy" and a consensus target price of $147.00.

TD SYNNEX Price Performance

TD SYNNEX stock traded up $2.53 during mid-day trading on Wednesday, hitting $146.17. 113,404 shares of the company were exchanged, compared to its average volume of 830,050. The business's 50 day simple moving average is $130.59 and its two-hundred day simple moving average is $126.96. TD SYNNEX Corporation has a 12-month low of $92.23 and a 12-month high of $146.35. The company has a debt-to-equity ratio of 0.45, a current ratio of 1.26 and a quick ratio of 0.75. The company has a market capitalization of $12.05 billion, a P/E ratio of 17.08, a PEG ratio of 1.16 and a beta of 1.30.

TD SYNNEX (NYSE:SNX - Get Free Report) last released its earnings results on Tuesday, June 24th. The business services provider reported $2.99 EPS for the quarter, topping analysts' consensus estimates of $2.71 by $0.28. The company had revenue of $14.95 billion for the quarter, compared to the consensus estimate of $14.30 billion. TD SYNNEX had a return on equity of 11.58% and a net margin of 1.21%. TD SYNNEX's quarterly revenue was up 7.2% compared to the same quarter last year. During the same quarter last year, the business posted $2.73 EPS. 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 $0.44 dividend. The ex-dividend date is Friday, July 11th. This represents a $1.76 annualized dividend and a dividend yield of 1.20%. TD SYNNEX's payout ratio is 20.56%.

Insider Buying and Selling at TD SYNNEX

In other TD SYNNEX news, insider Alim Dhanji sold 1,257 shares of the stock in a transaction dated Tuesday, July 22nd. The stock was sold at an average price of $142.41, for a total value of $179,009.37. Following the transaction, the insider owned 10,984 shares of the company's stock, valued at approximately $1,564,231.44. This represents a 10.27% decrease in their ownership of the stock. The transaction was disclosed in a filing with the SEC, which can be accessed through the SEC website. Also, insider Miriam Anne Murphy sold 3,000 shares of the stock in a transaction dated Wednesday, April 30th. The stock was sold at an average price of $110.00, for a total value of $330,000.00. Following the transaction, the insider 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 have sold 69,076 shares of company stock worth $9,322,884 over the last three months. 1.00% of the stock is currently 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.