New York State Common Retirement Fund Sells 36,369 Shares of TD SYNNEX Corporation (NYSE:SNX)

New York State Common Retirement Fund decreased its holdings in shares of TD SYNNEX Corporation (NYSE:SNX - Free Report) by 44.6% during the 1st quarter, according to its most recent 13F filing with the Securities and Exchange Commission. The firm owned 45,266 shares of the business services provider's stock after selling 36,369 shares during the period. New York State Common Retirement Fund owned approximately 0.05% of TD SYNNEX worth $4,706,000 at the end of the most recent reporting period.

Several other institutional investors and hedge funds also recently added to or reduced their stakes in the business. Bessemer Group Inc. lifted its stake in TD SYNNEX by 174.7% in the 4th 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 lifted its stake in 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 buying an additional 183 shares in the last quarter. State of Wyoming lifted 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 buying an additional 203 shares in the last quarter. New Age Alpha Advisors LLC purchased a new stake in TD SYNNEX in the 4th quarter valued at approximately $79,000. Finally, GAMMA Investing LLC lifted its stake in TD SYNNEX by 16.8% in the 1st quarter. GAMMA Investing LLC now owns 750 shares of the business services provider's stock valued at $78,000 after buying an additional 108 shares in the last quarter. Institutional investors and hedge funds own 84.00% of the company's stock.

Wall Street Analyst Weigh In

A number of brokerages have weighed in on SNX. Wall Street Zen raised TD SYNNEX from a "hold" rating to a "buy" rating in a research note on Friday, June 27th. Royal Bank Of Canada reissued an "outperform" rating and set a $145.00 price target on shares of TD SYNNEX in a research note on Wednesday, June 25th. Loop Capital increased their price target on TD SYNNEX from $150.00 to $160.00 and gave the stock a "buy" rating in a research note on Monday, June 30th. Cfra reduced their price target 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. Finally, UBS Group cut their target price on TD SYNNEX from $150.00 to $138.00 and set a "buy" rating on the stock in a research report on Friday, March 28th. Two investment analysts have rated the stock with a hold rating and nine have given a buy rating to the company's stock. Based on data from MarketBeat.com, the company has a consensus rating of "Moderate Buy" and a consensus price target of $149.30.

TD SYNNEX Price Performance

Shares of NYSE SNX traded up $0.82 during trading on Friday, hitting $146.71. The company had a trading volume of 676,696 shares, compared to its average volume of 695,784. The company has a market cap of $12.10 billion, a P/E ratio of 17.14, a PEG ratio of 1.19 and a beta of 1.30. TD SYNNEX Corporation has a 52 week low of $92.23 and a 52 week high of $147.18. The business's 50-day moving average is $131.88 and its 200 day moving average is $127.44. The company has a debt-to-equity ratio of 0.45, a quick ratio of 0.75 and a current ratio of 1.26.

TD SYNNEX (NYSE:SNX - Get Free Report) last announced its earnings results on Tuesday, June 24th. The business services provider reported $2.99 earnings per share (EPS) for the quarter, beating the consensus estimate of $2.71 by $0.28. TD SYNNEX had a net margin of 1.21% and a return on equity of 11.58%. The company had revenue of $14.95 billion for the quarter, compared to the consensus estimate of $14.30 billion. During the same period in the previous year, the business earned $2.73 EPS. The company's revenue was up 7.2% on a year-over-year basis. Equities research analysts predict that TD SYNNEX Corporation will post 11.88 earnings per share 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. Investors of record on Friday, July 11th will be issued a $0.44 dividend. This represents a $1.76 dividend on an annualized basis and a yield of 1.20%. The ex-dividend date is Friday, July 11th. TD SYNNEX's dividend payout ratio is presently 20.56%.

Insider Buying and Selling at TD SYNNEX

In other news, 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 transaction of $330,000.00. Following the completion of the transaction, the insider owned 14,883 shares of the company's stock, valued at approximately $1,637,130. This represents a 16.78% decrease in their ownership of the stock. The sale was disclosed in a filing with the Securities & Exchange Commission, which is accessible through the SEC website. Also, insider Alim Dhanji sold 1,257 shares of the company's stock in a transaction dated Tuesday, July 22nd. The shares were sold at an average price of $142.41, for a total transaction of $179,009.37. Following the transaction, the insider directly owned 10,984 shares of the company's stock, valued at $1,564,231.44. This represents a 10.27% decrease in their position. The disclosure for this sale can be found here. Over the last three months, insiders have sold 69,076 shares of company stock valued at $9,322,884. Company 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.