UBS AM a distinct business unit of UBS ASSET MANAGEMENT AMERICAS LLC Increases Stock Position in TD SYNNEX Co. (NYSE:SNX)

UBS AM a distinct business unit of UBS ASSET MANAGEMENT AMERICAS LLC grew its position in TD SYNNEX Co. (NYSE:SNX - Free Report) by 10.2% during the 4th quarter, according to the company in its most recent filing with the Securities and Exchange Commission (SEC). The fund owned 191,557 shares of the business services provider's stock after purchasing an additional 17,683 shares during the period. UBS AM a distinct business unit of UBS ASSET MANAGEMENT AMERICAS LLC owned about 0.23% of TD SYNNEX worth $22,466,000 at the end of the most recent quarter.

A number of other hedge funds have also made changes to their positions in the stock. Bessemer Group Inc. boosted its stake in TD SYNNEX by 174.7% during the 4th quarter. Bessemer Group Inc. now owns 239 shares of the business services provider's stock valued at $28,000 after purchasing an additional 152 shares during the period. Blue Trust Inc. grew its holdings in shares of TD SYNNEX by 37.7% in the 4th quarter. Blue Trust Inc. now owns 471 shares of the business services provider's stock worth $55,000 after purchasing an additional 129 shares during the last quarter. Global Retirement Partners LLC grew its holdings in shares of 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 during the last quarter. Jones Financial Companies Lllp lifted its position 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 in the last quarter. Finally, Amundi lifted its position in TD SYNNEX by 22.3% during the 4th quarter. Amundi now owns 560 shares of the business services provider's stock worth $66,000 after buying an additional 102 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 equities research analysts recently commented on the company. Royal Bank of Canada dropped their price objective on TD SYNNEX from $165.00 to $145.00 and set an "outperform" rating for the company in a report on Friday, April 11th. Wall Street Zen cut shares of TD SYNNEX from a "buy" rating to a "hold" rating in a research note on Wednesday, March 26th. UBS Group dropped their price objective on TD SYNNEX from $150.00 to $138.00 and set a "buy" rating on the stock in a research note on Friday, March 28th. Barrington Research reiterated an "outperform" rating and set a $156.00 price target on shares of TD SYNNEX in a report on Friday, April 11th. Finally, Cfra reduced their price objective on shares of TD SYNNEX from $147.00 to $132.00 and set a "buy" rating for the company in a research report on Friday, March 28th. Three investment analysts have rated the stock with a hold rating and seven have given a buy rating to the company. According to MarketBeat.com, the stock has an average rating of "Moderate Buy" and an average target price of $137.22.

Insider Buying and Selling

In other news, CFO Marshall Witt sold 1,510 shares of TD SYNNEX stock in a transaction dated Tuesday, March 18th. The stock was sold at an average price of $128.08, for a total transaction of $193,400.80. Following the completion of the sale, the chief financial officer now owns 49,843 shares in the company, valued at approximately $6,383,891.44. This trade represents a 2.94% decrease in their position. The sale was disclosed in a legal filing with the SEC, which can be accessed through this link. Also, Director Richard T. Hume sold 20,000 shares of the business's stock in a transaction that occurred on Monday, March 3rd. The stock was sold at an average price of $135.88, for a total value of $2,717,600.00. Following the completion of the sale, the director now owns 65,480 shares of the company's stock, valued at $8,897,422.40. The trade was a 23.40% decrease in their position. The disclosure for this sale can be found here. In the last 90 days, insiders sold 24,510 shares of company stock valued at $3,241,001. 1.00% of the stock is owned by insiders.

TD SYNNEX Stock Down 0.6%

Shares of SNX traded down $0.76 during trading hours on Friday, reaching $121.29. The stock had a trading volume of 670,147 shares, compared to its average volume of 739,486. TD SYNNEX Co. has a 12 month low of $92.23 and a 12 month high of $145.10. The firm has a 50-day simple moving average of $112.27 and a 200 day simple moving average of $123.36. The company has a current ratio of 1.24, a quick ratio of 0.76 and a debt-to-equity ratio of 0.46. The company has a market capitalization of $10.18 billion, a price-to-earnings ratio of 15.24, a P/E/G ratio of 1.06 and a beta of 1.33.

TD SYNNEX (NYSE:SNX - Get Free Report) last posted its earnings results on Thursday, March 27th. The business services provider reported $2.80 earnings per share (EPS) 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 firm had revenue of $14.53 billion during the quarter, compared to the consensus estimate of $14.79 billion. During the same quarter in the previous year, the company earned $2.99 EPS. The business's revenue was up 4.0% compared to the same quarter last year. Equities research analysts predict that TD SYNNEX Co. will post 11.88 earnings per share for the current fiscal year.

TD SYNNEX Announces Dividend

The company also recently disclosed a quarterly dividend, which was paid on Friday, April 25th. Investors of record on Friday, April 11th were issued a $0.44 dividend. This represents a $1.76 annualized dividend and a yield of 1.45%. The ex-dividend date of this dividend was Friday, April 11th. TD SYNNEX's dividend payout ratio (DPR) is currently 21.97%.

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.