2,351 Shares in TD SYNNEX Co. (NYSE:SNX) Acquired by Vise Technologies Inc.

Vise Technologies Inc. bought a new position in shares of TD SYNNEX Co. (NYSE:SNX - Free Report) in the 4th quarter, according to the company in its most recent filing with the Securities and Exchange Commission (SEC). The firm bought 2,351 shares of the business services provider's stock, valued at approximately $276,000.

Several other institutional investors have also recently made changes to their positions in SNX. CSS LLC IL grew its holdings in TD SYNNEX by 11.7% during the 4th quarter. CSS LLC IL now owns 11,896 shares of the business services provider's stock valued at $1,395,000 after buying an additional 1,250 shares in the last quarter. UBS AM a distinct business unit of UBS ASSET MANAGEMENT AMERICAS LLC lifted its stake in shares of TD SYNNEX by 10.2% during the 4th quarter. UBS AM a distinct business unit of UBS ASSET MANAGEMENT AMERICAS LLC now owns 191,557 shares of the business services provider's stock worth $22,466,000 after acquiring an additional 17,683 shares during the last quarter. Waverly Advisors LLC lifted its stake in shares of TD SYNNEX by 77.4% during the 4th quarter. Waverly Advisors LLC now owns 4,724 shares of the business services provider's stock worth $554,000 after acquiring an additional 2,061 shares during the last quarter. Woodline Partners LP raised its position in TD SYNNEX by 68.6% during the 4th quarter. Woodline Partners LP now owns 182,405 shares of the business services provider's stock valued at $21,392,000 after purchasing an additional 74,192 shares in the last quarter. Finally, WBI Investments LLC bought a new stake in TD SYNNEX during the 4th quarter valued at $420,000. Hedge funds and other institutional investors own 84.00% of the company's stock.

Insiders Place Their Bets

In other TD SYNNEX news, Director Richard T. Hume sold 20,000 shares of the stock in a transaction that occurred on Monday, March 3rd. The stock was sold at an average price of $135.88, for a total transaction 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 $8,897,422.40. This represents a 23.40% decrease in their ownership of the stock. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is available through this hyperlink. Also, insider Miriam Anne Murphy sold 3,000 shares of the stock in a transaction that occurred on Wednesday, April 30th. The shares were 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 $1,637,130. The trade was a 16.78% decrease in their position. The disclosure for this sale can be found here. Over the last 90 days, insiders have sold 24,510 shares of company stock worth $3,241,001. 1.00% of the stock is owned by corporate insiders.

TD SYNNEX Stock Down 0.6%

SNX stock traded down $0.76 on Friday, hitting $121.29. 670,147 shares of the company's stock were exchanged, 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 moving average price of $112.27 and a two-hundred day moving average price of $123.36. The company has a debt-to-equity ratio of 0.46, a quick ratio of 0.76 and a current ratio of 1.24. The stock has a market cap of $10.18 billion, a P/E ratio of 15.24, a price-to-earnings-growth ratio of 1.06 and a beta of 1.33.

TD SYNNEX (NYSE:SNX - Get Free Report) last posted its quarterly earnings results 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). The firm had revenue of $14.53 billion for the quarter, compared to analysts' expectations of $14.79 billion. TD SYNNEX had a net margin of 1.18% and a return on equity of 11.91%. The firm's revenue for the quarter was up 4.0% compared to the same quarter last year. During the same quarter in the previous year, the firm posted $2.99 EPS. As a group, equities research analysts expect that TD SYNNEX Co. will post 11.88 EPS for the current fiscal year.

TD SYNNEX Dividend Announcement

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

Analyst Ratings Changes

A number of equities research analysts have weighed in on SNX shares. Cfra decreased their target price on TD SYNNEX from $147.00 to $132.00 and set a "buy" rating for the company in a research report on Friday, March 28th. Barrington Research reaffirmed an "outperform" rating and set a $156.00 target price on shares of TD SYNNEX in a research report on Friday, April 11th. The Goldman Sachs Group cut their price target on TD SYNNEX from $154.00 to $137.00 and set a "buy" rating on the stock in a report on Friday, March 28th. UBS Group cut their price target on TD SYNNEX from $150.00 to $138.00 and set a "buy" rating on the stock in a report on Friday, March 28th. Finally, Barclays cut their price target on TD SYNNEX from $148.00 to $125.00 and set an "equal weight" rating on the stock in a 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 stock. Based on data from MarketBeat, TD SYNNEX currently has an average rating of "Moderate Buy" and a consensus target price of $137.22.

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.