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

Schwartz Investment Counsel Inc. increased its position in shares of 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 & Exchange Commission. The firm owned 142,500 shares of the business services provider's stock after acquiring an additional 40,000 shares during the period. Schwartz Investment Counsel Inc. owned approximately 0.17% of TD SYNNEX worth $14,814,000 at the end of the most recent quarter.

Several other hedge funds and other institutional investors have also recently bought and sold shares of SNX. Bessemer Group Inc. increased its holdings in shares of 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 buying an additional 152 shares in the last quarter. Versant Capital Management Inc boosted its position in shares of TD SYNNEX by 115.1% in the 1st quarter. Versant Capital Management Inc now owns 342 shares of the business services provider's stock valued at $36,000 after purchasing an additional 183 shares during the period. Global Retirement Partners LLC increased 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. Jones Financial Companies Lllp raised its holdings in TD SYNNEX by 196.5% during the 4th quarter. Jones Financial Companies Lllp now owns 507 shares of the business services provider's stock worth $59,000 after buying an additional 336 shares during the period. Finally, Amundi lifted its position in shares of TD SYNNEX by 22.3% in the 4th quarter. Amundi now owns 560 shares of the business services provider's stock valued at $66,000 after acquiring an additional 102 shares in the last quarter. 84.00% of the stock is currently owned by institutional investors.

Insider Activity at TD SYNNEX

In other news, Director Richard T. Hume sold 63,310 shares of TD SYNNEX stock in a transaction that occurred on Friday, June 27th. The shares were sold at an average price of $136.23, for a total value of $8,624,721.30. Following the sale, the director directly owned 67,515 shares in the company, valued at $9,197,568.45. This trade represents a 48.39% decrease in their ownership of the stock. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is available at the SEC website. Also, insider Miriam Anne Murphy sold 3,000 shares of the stock in a transaction 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 owned 14,883 shares of the company's stock, valued at $1,637,130. The trade was a 16.78% decrease in their position. The disclosure for this sale can be found here. Insiders have sold a total of 67,819 shares of company stock valued at $9,143,874 over the last quarter. 1.00% of the stock is owned by company insiders.

TD SYNNEX Stock Performance

Shares of TD SYNNEX stock traded up $0.03 during midday trading on Tuesday, hitting $135.73. The company had a trading volume of 980,825 shares, compared to its average volume of 742,983. TD SYNNEX Corporation has a 1-year low of $92.23 and a 1-year high of $145.10. The business's 50 day simple moving average is $121.91 and its two-hundred day simple moving average is $124.48. The stock has a market cap of $11.39 billion, a PE ratio of 15.86, a P/E/G ratio of 1.11 and a beta of 1.29. The company has a debt-to-equity ratio of 0.45, a current ratio of 1.26 and a quick ratio of 0.75.

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

TD SYNNEX Dividend Announcement

The firm also recently disclosed a quarterly dividend, which will be paid on Friday, July 25th. Stockholders of record on Friday, July 11th will be issued a dividend of $0.44 per share. This represents a $1.76 dividend on an annualized basis and a dividend yield of 1.30%. The ex-dividend date of this dividend is Friday, July 11th. TD SYNNEX's payout ratio is 20.56%.

Wall Street Analyst Weigh In

A number of brokerages have recently weighed in on SNX. UBS Group dropped their target price on TD SYNNEX from $150.00 to $138.00 and set a "buy" rating on the stock in a report on Friday, March 28th. JPMorgan Chase & Co. dropped 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. Cfra lowered their target price on TD SYNNEX from $147.00 to $132.00 and set a "buy" rating on the stock in a research note on Friday, March 28th. Royal Bank Of Canada reaffirmed an "outperform" rating and issued a $145.00 price objective on shares of TD SYNNEX in a research note on Wednesday, June 25th. Finally, Barrington Research reissued an "outperform" rating and set a $156.00 target price on shares of TD SYNNEX in a research report on Monday, June 23rd. Two investment analysts have rated the stock with a hold rating and eight have given a buy rating to the company. According to data from MarketBeat.com, the stock currently has an average rating of "Moderate Buy" and an average price target of $142.56.

TD SYNNEX 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.