TD SYNNEX Co. (NYSE:SNX) Shares Sold by Mackenzie Financial Corp

Mackenzie Financial Corp decreased its stake in TD SYNNEX Co. (NYSE:SNX - Free Report) by 39.3% in the fourth quarter, according to the company in its most recent 13F filing with the SEC. The firm owned 6,310 shares of the business services provider's stock after selling 4,088 shares during the quarter. Mackenzie Financial Corp's holdings in TD SYNNEX were worth $740,000 at the end of the most recent reporting period.

Other hedge funds have also bought and sold shares of the company. Bessemer Group Inc. raised its stake in shares of 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 acquiring an additional 152 shares in the last quarter. Blue Trust Inc. lifted its position in TD SYNNEX by 37.7% during the fourth quarter. Blue Trust Inc. now owns 471 shares of the business services provider's stock valued at $55,000 after acquiring an additional 129 shares during the last quarter. Global Retirement Partners LLC boosted its stake in TD SYNNEX by 31.9% in the fourth quarter. Global Retirement Partners LLC now owns 480 shares of the business services provider's stock valued at $56,000 after acquiring an additional 116 shares in the last quarter. Jones Financial Companies Lllp grew its holdings in TD SYNNEX by 196.5% in 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 last quarter. Finally, Amundi increased its position in TD SYNNEX by 22.3% during the 4th quarter. Amundi now owns 560 shares of the business services provider's stock valued at $66,000 after buying an additional 102 shares in the last quarter. Institutional investors own 84.00% of the company's stock.

Analysts Set New Price Targets

SNX has been the subject of several research reports. Wall Street Zen downgraded shares of TD SYNNEX from a "buy" rating to a "hold" rating in a research note on Wednesday, March 26th. JPMorgan Chase & Co. cut their price objective on shares of TD SYNNEX from $125.00 to $120.00 and set a "neutral" rating for the company in a report on Friday, April 11th. UBS Group dropped their price target on shares of 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 cut their price target on TD SYNNEX from $147.00 to $132.00 and set a "buy" rating for the company in a report on Friday, March 28th. Finally, 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. Three investment analysts have rated the stock with a hold rating and seven have given a buy rating to the company. According to data from MarketBeat.com, TD SYNNEX currently has a consensus rating of "Moderate Buy" and an average price target of $137.22.

TD SYNNEX Stock Down 1.0%

Shares of SNX traded down $1.24 during midday trading on Thursday, reaching $121.26. The stock had a trading volume of 531,937 shares, compared to its average volume of 734,559. The company has a debt-to-equity ratio of 0.46, a current ratio of 1.24 and a quick ratio of 0.76. The company's fifty day simple moving average is $113.06 and its two-hundred day simple moving average is $123.52. The company has a market cap of $10.18 billion, a price-to-earnings ratio of 15.23, a PEG ratio of 1.06 and a beta of 1.33. TD SYNNEX Co. has a 1-year low of $92.23 and a 1-year high of $145.10.

TD SYNNEX (NYSE:SNX - Get Free Report) last announced its quarterly earnings results 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). The business had revenue of $14.53 billion for the quarter, compared to analysts' expectations of $14.79 billion. TD SYNNEX had a return on equity of 11.91% and a net margin of 1.18%. The firm's quarterly revenue was up 4.0% on a year-over-year basis. During the same period last year, the firm earned $2.99 earnings per share. Equities research analysts expect that TD SYNNEX Co. will post 11.88 earnings per share for the current year.

TD SYNNEX Announces Dividend

The company also recently announced a quarterly dividend, which was paid on Friday, April 25th. Stockholders of record on Friday, April 11th were issued a $0.44 dividend. This represents a $1.76 annualized dividend and a dividend yield of 1.45%. The ex-dividend date of this dividend was Friday, April 11th. TD SYNNEX's payout ratio is currently 21.97%.

Insider Buying and Selling at TD SYNNEX

In other news, insider Miriam Anne Murphy sold 3,000 shares of the stock in a transaction that occurred on Wednesday, April 30th. The stock was sold at an average price of $110.00, for a total transaction of $330,000.00. Following the completion of the transaction, the insider now directly owns 14,883 shares of the company's stock, valued at approximately $1,637,130. This represents a 16.78% decrease in their position. The sale was disclosed in a filing with the SEC, which is accessible through this hyperlink. Also, CFO Marshall Witt sold 1,510 shares of the company's stock in a transaction that occurred on Tuesday, March 18th. The stock was sold at an average price of $128.08, for a total value of $193,400.80. Following the completion of the sale, the chief financial officer now owns 49,843 shares in the company, valued at approximately $6,383,891.44. This represents a 2.94% decrease in their position. The disclosure for this sale can be found here. 1.00% of the stock is owned by company insiders.

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.