Nomura Holdings Inc. Purchases New Position in TD SYNNEX Co. (NYSE:SNX)

Nomura Holdings Inc. purchased a new stake in TD SYNNEX Co. (NYSE:SNX - Free Report) during the fourth quarter, according to the company in its most recent Form 13F filing with the Securities and Exchange Commission. The institutional investor purchased 10,048 shares of the business services provider's stock, valued at approximately $1,178,000.

A number of other large investors also recently made changes to their positions in the stock. Vanguard Group Inc. boosted its stake in TD SYNNEX by 0.4% during the 4th quarter. Vanguard Group Inc. now owns 7,685,224 shares of the business services provider's stock worth $901,323,000 after acquiring an additional 29,659 shares during the last quarter. FMR LLC boosted its position in shares of TD SYNNEX by 3.2% during the fourth quarter. FMR LLC now owns 7,663,179 shares of the business services provider's stock worth $898,738,000 after purchasing an additional 237,587 shares in the last quarter. Brave Warrior Advisors LLC grew its holdings in shares of TD SYNNEX by 12.2% in the 4th 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 period. JPMorgan Chase & Co. increased its position in shares of TD SYNNEX by 10.7% in the 4th quarter. JPMorgan Chase & Co. now owns 3,335,501 shares of the business services provider's stock valued at $391,188,000 after buying an additional 323,282 shares in the last quarter. Finally, Ninety One UK Ltd increased its position in shares of TD SYNNEX by 75.4% in the 4th quarter. Ninety One UK Ltd now owns 2,364,563 shares of the business services provider's stock valued at $277,316,000 after buying an additional 1,016,251 shares in the last quarter. Institutional investors and hedge funds own 84.00% of the company's stock.

TD SYNNEX Stock Down 0.6%

NYSE SNX traded down $0.78 during trading on Friday, hitting $121.53. The stock had a trading volume of 398,895 shares, compared to its average volume of 741,075. The company has a market capitalization of $10.20 billion, a PE ratio of 15.27, a P/E/G ratio of 1.06 and a beta of 1.33. The company's 50-day moving average price is $112.83 and its two-hundred day moving average price is $123.40. The company has a debt-to-equity ratio of 0.46, a quick ratio of 0.76 and a current ratio of 1.24. TD SYNNEX Co. has a 12 month low of $92.23 and a 12 month high of $145.10.

TD SYNNEX (NYSE:SNX - Get Free Report) last posted its quarterly earnings data 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 during the quarter, compared to analyst estimates of $14.79 billion. TD SYNNEX had a net margin of 1.18% and a return on equity of 11.91%. TD SYNNEX's revenue for the quarter was up 4.0% on a year-over-year basis. During the same quarter last year, the business earned $2.99 earnings per share. As a group, sell-side analysts forecast that TD SYNNEX Co. will post 11.88 EPS for the current year.

TD SYNNEX Announces Dividend

The firm also recently declared a quarterly dividend, which was paid on Friday, April 25th. Shareholders of record on Friday, April 11th were given a dividend of $0.44 per share. The ex-dividend date of this dividend was Friday, April 11th. This represents a $1.76 annualized dividend and a yield of 1.45%. TD SYNNEX's dividend payout ratio (DPR) is presently 21.97%.

Wall Street Analysts Forecast Growth

A number of research firms have issued reports on SNX. The Goldman Sachs Group decreased their target price on TD SYNNEX from $154.00 to $137.00 and set a "buy" rating for the company in a research note 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. Barrington Research reissued an "outperform" rating and set a $156.00 target price on shares of TD SYNNEX in a research note on Friday, April 11th. Royal Bank of Canada dropped their target price on shares of TD SYNNEX from $165.00 to $145.00 and set an "outperform" rating on the stock in a report on Friday, April 11th. Finally, JPMorgan Chase & Co. cut their price target on shares of TD SYNNEX from $125.00 to $120.00 and set a "neutral" rating on the stock in a research note on Friday, April 11th. Three research analysts have rated the stock with a hold rating and seven have given a buy rating to the stock. According to data from MarketBeat, TD SYNNEX has a consensus rating of "Moderate Buy" and a consensus target price of $137.22.

Insider Transactions at TD SYNNEX

In other TD SYNNEX news, insider Miriam Anne Murphy sold 3,000 shares of the business's 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 transaction, the insider now owns 14,883 shares of the company's stock, valued at $1,637,130. The trade was a 16.78% decrease in their position. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is available through this link. Also, CFO Marshall Witt sold 1,510 shares of the firm's stock in a transaction on Tuesday, March 18th. The shares were sold at an average price of $128.08, for a total transaction of $193,400.80. Following the completion of the transaction, 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 ownership of the stock. The disclosure for this sale can be found here. Insiders sold a total of 24,510 shares of company stock worth $3,241,001 in the last three months. Insiders own 1.00% of the company's stock.

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.