TD SYNNEX Co. (NYSE:SNX) Shares Sold by Voloridge Investment Management LLC

Voloridge Investment Management LLC decreased its stake in TD SYNNEX Co. (NYSE:SNX - Free Report) by 19.7% during the 4th quarter, according to the company in its most recent disclosure with the Securities & Exchange Commission. The firm owned 236,881 shares of the business services provider's stock after selling 58,115 shares during the quarter. Voloridge Investment Management LLC owned approximately 0.28% of TD SYNNEX worth $27,781,000 as of its most recent SEC filing.

Other institutional investors and hedge funds have also modified their holdings of the company. Waverly Advisors LLC boosted its holdings in TD SYNNEX by 77.4% in the 4th quarter. Waverly Advisors LLC now owns 4,724 shares of the business services provider's stock worth $554,000 after buying an additional 2,061 shares during the last quarter. Woodline Partners LP lifted its position in shares of TD SYNNEX by 68.6% in the fourth quarter. Woodline Partners LP now owns 182,405 shares of the business services provider's stock valued at $21,392,000 after acquiring an additional 74,192 shares in the last quarter. WBI Investments LLC acquired a new stake in shares of TD SYNNEX in the fourth quarter worth approximately $420,000. Tidal Investments LLC increased its position in shares of TD SYNNEX by 1,224.2% during the fourth quarter. Tidal Investments LLC now owns 226,719 shares of the business services provider's stock worth $26,590,000 after purchasing an additional 209,598 shares in the last quarter. Finally, State of Wyoming raised its stake in TD SYNNEX by 51.9% in the 4th quarter. State of Wyoming now owns 594 shares of the business services provider's stock valued at $70,000 after purchasing an additional 203 shares during the last quarter. Hedge funds and other institutional investors own 84.00% of the company's stock.

Insider Activity at TD SYNNEX

In other news, Director Richard T. Hume sold 20,000 shares of the firm's stock in a transaction that occurred on Monday, March 3rd. The shares were sold at an average price of $135.88, for a total value of $2,717,600.00. Following the completion of the transaction, the director now owns 65,480 shares of the company's stock, valued at approximately $8,897,422.40. This trade represents a 23.40% decrease in their ownership of the stock. The transaction was disclosed in a document filed with the SEC, which can be accessed through the SEC website. Also, CFO Marshall Witt sold 1,510 shares of the firm's stock in a transaction that occurred 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 position. The disclosure for this sale can be found here. In the last ninety days, insiders have sold 24,510 shares of company stock worth $3,241,001. Company insiders own 1.00% of the company's stock.

TD SYNNEX Stock Down 2.2%

Shares of NYSE SNX opened at $121.36 on Thursday. The company has a market capitalization of $10.18 billion, a P/E ratio of 15.25, a P/E/G ratio of 1.06 and a beta of 1.33. 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 has a 50 day simple moving average of $113.11 and a 200-day simple moving average of $123.34. 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 issued its quarterly earnings data 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). TD SYNNEX had a return on equity of 11.91% and a net margin of 1.18%. The business had revenue of $14.53 billion during the quarter, compared to analysts' expectations of $14.79 billion. During the same quarter in the previous year, the company posted $2.99 earnings per share. The company's revenue was up 4.0% on a year-over-year basis. On average, equities research analysts predict that TD SYNNEX Co. will post 11.88 earnings per share for the current year.

TD SYNNEX Announces Dividend

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

Analysts Set New Price Targets

Several equities research analysts have issued reports on SNX shares. UBS Group lowered their target price 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. StockNews.com cut shares of TD SYNNEX from a "buy" rating to a "hold" rating in a research note on Wednesday, March 26th. Cfra decreased their target price on shares of TD SYNNEX from $147.00 to $132.00 and set a "buy" rating on the stock in a research note on Friday, March 28th. JPMorgan Chase & Co. dropped their price target on TD SYNNEX from $125.00 to $120.00 and set a "neutral" rating for the company in a research report on Friday, April 11th. Finally, Royal Bank of Canada reduced their price objective on TD SYNNEX from $165.00 to $145.00 and set an "outperform" rating on the stock in a research report on Friday, April 11th. Three investment analysts have rated the stock with a hold rating and seven have issued a buy rating to the company. According to MarketBeat, TD SYNNEX has a consensus rating of "Moderate Buy" and an average target price of $137.22.

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.

Want to see what other hedge funds are holding SNX? Visit HoldingsChannel.com to get the latest 13F filings and insider trades for TD SYNNEX Co. (NYSE:SNX - Free Report).

This instant news alert was generated by narrative science technology and financial data from MarketBeat in order to provide readers with the fastest and most accurate reporting. This story was reviewed by MarketBeat's editorial team prior to publication. Please send any questions or comments about this story to contact@marketbeat.com.