TD SYNNEX Co. (NYSE:SNX) Shares Sold by Man Group plc

Man Group plc lowered its holdings in TD SYNNEX Co. (NYSE:SNX - Free Report) by 66.5% during the fourth quarter, according to its most recent disclosure with the Securities & Exchange Commission. The firm owned 16,865 shares of the business services provider's stock after selling 33,490 shares during the quarter. Man Group plc's holdings in TD SYNNEX were worth $1,978,000 as of its most recent SEC filing.

Other institutional investors and hedge funds also recently added to or reduced their stakes in the company. Bartlett & CO. Wealth Management LLC raised its position in TD SYNNEX by 345.1% in the fourth quarter. Bartlett & CO. Wealth Management LLC now owns 227 shares of the business services provider's stock valued at $27,000 after purchasing an additional 176 shares during the period. Bessemer Group Inc. raised its position in TD SYNNEX by 174.7% in the fourth quarter. Bessemer Group Inc. now owns 239 shares of the business services provider's stock valued at $28,000 after purchasing an additional 152 shares during the period. UMB Bank n.a. raised its position in TD SYNNEX by 48.4% in the fourth quarter. UMB Bank n.a. now owns 429 shares of the business services provider's stock valued at $50,000 after purchasing an additional 140 shares during the period. Blue Trust Inc. raised its holdings in shares of TD SYNNEX by 37.7% in the 4th quarter. Blue Trust Inc. now owns 471 shares of the business services provider's stock valued at $55,000 after buying an additional 129 shares during the period. Finally, Global Retirement Partners LLC raised its holdings in shares of TD SYNNEX by 31.9% in the 4th quarter. Global Retirement Partners LLC now owns 480 shares of the business services provider's stock valued at $56,000 after buying an additional 116 shares during the period. Hedge funds and other institutional investors own 84.00% of the company's stock.

Analyst Upgrades and Downgrades

Several equities research analysts recently issued reports on the company. Barrington Research reiterated an "outperform" rating and issued a $156.00 price objective on shares of TD SYNNEX in a report on Friday, April 11th. The Goldman Sachs Group cut their price objective on TD SYNNEX from $154.00 to $137.00 and set a "buy" rating on the stock in a report on Friday, March 28th. UBS Group cut their price objective on TD SYNNEX from $150.00 to $138.00 and set a "buy" rating on the stock in a report on Friday, March 28th. Barclays cut their price objective on TD SYNNEX from $148.00 to $125.00 and set an "equal weight" rating on the stock in a report on Friday, March 28th. Finally, JPMorgan Chase & Co. cut their price objective on TD SYNNEX from $125.00 to $120.00 and set a "neutral" rating on the stock in a report on Friday, April 11th. Three analysts have rated the stock with a hold rating and seven have issued a buy rating to the company. According to data from MarketBeat.com, the company has a consensus rating of "Moderate Buy" and an average price target of $137.22.

TD SYNNEX Stock Down 0.8%

NYSE SNX traded down $0.97 during trading hours on Thursday, hitting $122.18. 74,934 shares of the company were exchanged, compared to its average volume of 828,908. The company has a 50 day moving average of $112.43 and a two-hundred day moving average of $123.36. 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 Co. has a 52-week low of $92.23 and a 52-week high of $145.10. The firm has a market cap of $10.25 billion, a price-to-earnings ratio of 15.35, a PEG ratio of 1.06 and a beta of 1.33.

TD SYNNEX (NYSE:SNX - Get Free Report) last issued its quarterly earnings results on Thursday, March 27th. The business services provider reported $2.80 earnings per share for the quarter, missing the consensus estimate of $2.87 by ($0.07). The company 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%. TD SYNNEX's revenue for the quarter was up 4.0% compared to the same quarter last year. During the same quarter last year, the company earned $2.99 EPS. Equities research analysts anticipate that TD SYNNEX Co. will post 11.88 earnings per share for the current year.

TD SYNNEX Dividend Announcement

The firm also recently disclosed a quarterly dividend, which was paid on Friday, April 25th. Stockholders of record on Friday, April 11th were given a dividend of $0.44 per share. The ex-dividend date was Friday, April 11th. This represents a $1.76 annualized dividend and a dividend yield of 1.44%. TD SYNNEX's dividend payout ratio is currently 21.97%.

Insider Transactions at TD SYNNEX

In related news, CFO Marshall Witt sold 1,510 shares of the company's stock in a transaction dated 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 directly owns 49,843 shares of the company's stock, valued at $6,383,891.44. This represents a 2.94% decrease in their position. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is available through the SEC website. Also, insider Miriam Anne Murphy sold 3,000 shares of the company'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 directly owns 14,883 shares of the company's stock, valued at approximately $1,637,130. This trade represents a 16.78% decrease in their ownership of the stock. The disclosure for this sale can be found here. In the last ninety days, insiders sold 24,510 shares of company stock valued at $3,241,001. 1.00% of the stock is currently owned by corporate 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.