Frontier Capital Management Co. LLC Has $40.13 Million Holdings in TD SYNNEX Co. (NYSE:SNX)

Frontier Capital Management Co. LLC grew its stake in shares of TD SYNNEX Co. (NYSE:SNX - Free Report) by 15.9% in the 4th quarter, according to the company in its most recent Form 13F filing with the Securities & Exchange Commission. The fund owned 342,128 shares of the business services provider's stock after purchasing an additional 47,017 shares during the period. Frontier Capital Management Co. LLC owned about 0.40% of TD SYNNEX worth $40,125,000 as of its most recent SEC filing.

A number of other institutional investors have also recently bought and sold shares of SNX. Bartlett & CO. Wealth Management LLC boosted its position in shares of TD SYNNEX by 345.1% in the fourth quarter. Bartlett & CO. Wealth Management LLC now owns 227 shares of the business services provider's stock worth $27,000 after buying an additional 176 shares during the period. Bessemer Group Inc. boosted its position in TD SYNNEX by 174.7% during the 4th quarter. Bessemer Group Inc. now owns 239 shares of the business services provider's stock worth $28,000 after acquiring an additional 152 shares during the period. UMB Bank n.a. grew its stake in TD SYNNEX by 48.4% during the 4th quarter. UMB Bank n.a. now owns 429 shares of the business services provider's stock valued at $50,000 after acquiring an additional 140 shares in the last quarter. Blue Trust Inc. increased 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 valued at $55,000 after purchasing an additional 129 shares during the period. Finally, Global Retirement Partners LLC lifted its position in shares of TD SYNNEX by 31.9% in the fourth 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. Hedge funds and other institutional investors own 84.00% of the company's stock.

Analysts Set New Price Targets

A number of research analysts recently commented on the stock. UBS Group lowered their price objective on shares of TD SYNNEX from $150.00 to $138.00 and set a "buy" rating on the stock in a research report on Friday, March 28th. Royal Bank of Canada dropped their price target on shares of TD SYNNEX from $165.00 to $145.00 and set an "outperform" rating on the stock in a research note on Friday, April 11th. The Goldman Sachs Group cut their price objective on TD SYNNEX from $154.00 to $137.00 and set a "buy" rating for the company in a report on Friday, March 28th. StockNews.com downgraded TD SYNNEX from a "buy" rating to a "hold" rating in a research note on Wednesday, March 26th. Finally, Cfra cut their price target on TD SYNNEX from $147.00 to $132.00 and set a "buy" rating for the company in a research note on Friday, March 28th. Three investment analysts have rated the stock with a hold rating and seven have issued a buy rating to the company's stock. According to data from MarketBeat.com, the stock has an average rating of "Moderate Buy" and an average target price of $137.22.

Insider Activity at TD SYNNEX

In other news, Director Richard T. Hume sold 20,000 shares of the business's stock in a transaction dated Monday, March 3rd. The shares were sold at an average price of $135.88, for a total transaction of $2,717,600.00. Following the transaction, the director now owns 65,480 shares in the company, valued at approximately $8,897,422.40. The trade was a 23.40 % decrease in their position. 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 stock in a transaction dated 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 sale, the chief financial officer now owns 49,843 shares of the company's stock, valued at approximately $6,383,891.44. The trade was a 2.94 % decrease in their position. The disclosure for this sale can be found here. Insiders sold a total of 24,510 shares of company stock worth $3,241,001 in the last 90 days. 1.00% of the stock is owned by company insiders.

TD SYNNEX Stock Down 0.1 %

Shares of NYSE SNX traded down $0.16 during mid-day trading on Friday, reaching $118.25. 442,027 shares of the company traded hands, compared to its average volume of 747,003. The company's fifty day moving average is $113.79 and its two-hundred day moving average is $123.11. The company has a debt-to-equity ratio of 0.46, a quick ratio of 0.76 and a current ratio of 1.24. TD SYNNEX Co. has a fifty-two week low of $92.23 and a fifty-two week high of $145.10. The stock has a market cap of $9.92 billion, a PE ratio of 14.86, a price-to-earnings-growth ratio of 1.06 and a beta of 1.33.

TD SYNNEX (NYSE:SNX - Get Free Report) last announced its quarterly earnings results on Thursday, March 27th. The business services provider reported $2.80 EPS for the quarter, missing the consensus estimate of $2.87 by ($0.07). The company had revenue of $14.53 billion for the quarter, compared to analyst estimates of $14.79 billion. TD SYNNEX had a net margin of 1.18% and a return on equity of 11.91%. The company's revenue for the quarter was up 4.0% on a year-over-year basis. During the same quarter last year, the business earned $2.99 EPS. On average, analysts expect 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. The ex-dividend date of this dividend was Friday, April 11th. This represents a $1.76 annualized dividend and a dividend yield of 1.49%. TD SYNNEX's dividend payout ratio is presently 21.97%.

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.