Schwartz Investment Counsel Inc. Has $14.81 Million Stake in TD SYNNEX Corporation (NYSE:SNX)

Schwartz Investment Counsel Inc. lifted its stake in TD SYNNEX Corporation (NYSE:SNX - Free Report) by 39.0% during the first quarter, according to the company in its most recent Form 13F filing with the Securities and Exchange Commission. The fund owned 142,500 shares of the business services provider's stock after purchasing an additional 40,000 shares during the period. Schwartz Investment Counsel Inc. owned about 0.17% of TD SYNNEX worth $14,814,000 at the end of the most recent quarter.

A number of other institutional investors have also added to or reduced their stakes in the business. Sanctuary Advisors LLC boosted its holdings in shares of TD SYNNEX by 21.5% in the 4th quarter. Sanctuary Advisors LLC now owns 7,901 shares of the business services provider's stock valued at $927,000 after buying an additional 1,399 shares in the last quarter. Truist Financial Corp boosted its stake in TD SYNNEX by 17.0% in the 4th quarter. Truist Financial Corp now owns 3,345 shares of the business services provider's stock worth $392,000 after purchasing an additional 485 shares in the last quarter. Global Retirement Partners LLC boosted its stake in TD SYNNEX by 31.9% in the 4th quarter. Global Retirement Partners LLC now owns 480 shares of the business services provider's stock worth $56,000 after purchasing an additional 116 shares in the last quarter. Ieq Capital LLC lifted its holdings in shares of TD SYNNEX by 50.4% in the 4th quarter. Ieq Capital LLC now owns 2,722 shares of the business services provider's stock valued at $319,000 after buying an additional 912 shares during the period. Finally, IFP Advisors Inc boosted its position in TD SYNNEX by 976.6% in the 4th quarter. IFP Advisors Inc now owns 1,012 shares of the business services provider's stock worth $119,000 after purchasing an additional 918 shares in the last quarter. Hedge funds and other institutional investors own 84.00% of the company's stock.

Insider Buying and Selling at TD SYNNEX

In related news, insider Miriam Anne Murphy sold 3,000 shares of the firm'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 value of $330,000.00. Following the transaction, 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 position. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is accessible through this link. Also, 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 now owns 49,563 shares in the company, valued at approximately $6,212,722.05. The trade was a 2.95% decrease in their position. The disclosure for this sale can be found here. 1.00% of the stock is currently owned by company insiders.

Analyst Ratings Changes

A number of research firms have weighed in on SNX. UBS Group cut their price objective on shares of TD SYNNEX from $150.00 to $138.00 and set a "buy" rating for the company in a report on Friday, March 28th. JPMorgan Chase & Co. reduced their price target on TD SYNNEX from $125.00 to $120.00 and set a "neutral" rating on the stock in a report on Friday, April 11th. Royal Bank Of Canada reiterated an "outperform" rating and set a $145.00 price target on shares of TD SYNNEX in a report on Wednesday. The Goldman Sachs Group reduced their price objective on shares of TD SYNNEX from $154.00 to $137.00 and set a "buy" rating on the stock in a report on Friday, March 28th. Finally, Wall Street Zen raised TD SYNNEX from a "hold" rating to a "buy" rating in a research report on Friday. Two analysts have rated the stock with a hold rating and eight have issued a buy rating to the stock. According to data from MarketBeat, the company currently has an average rating of "Moderate Buy" and an average target price of $141.44.

TD SYNNEX Price Performance

Shares of SNX traded down $2.28 during mid-day trading on Friday, reaching $134.72. 1,917,158 shares of the company's stock were exchanged, compared to its average volume of 740,075. The company has a quick ratio of 0.74, a current ratio of 1.26 and a debt-to-equity ratio of 0.45. The company has a market cap of $11.31 billion, a price-to-earnings ratio of 15.74, a PEG ratio of 1.13 and a beta of 1.29. The company has a 50-day simple moving average of $121.26 and a two-hundred day simple moving average of $124.39. TD SYNNEX Corporation has a 52-week low of $92.23 and a 52-week high of $145.10.

TD SYNNEX (NYSE:SNX - Get Free Report) last posted its earnings results on Tuesday, June 24th. The business services provider reported $2.99 earnings per share (EPS) for the quarter, topping analysts' consensus estimates of $2.71 by $0.28. TD SYNNEX had a net margin of 1.21% and a return on equity of 11.58%. The firm had revenue of $14.95 billion during the quarter, compared to the consensus estimate of $14.30 billion. During the same quarter in the prior year, the company earned $2.73 EPS. The company's revenue was up 7.2% on a year-over-year basis. On average, sell-side analysts predict that TD SYNNEX Corporation will post 11.88 EPS for the current fiscal year.

TD SYNNEX Announces Dividend

The company also recently disclosed a quarterly dividend, which will be paid on Friday, July 25th. Investors 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 yield of 1.31%. The ex-dividend date is Friday, July 11th. TD SYNNEX's dividend payout ratio (DPR) 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.