Gotham Asset Management LLC Trims Position in TD SYNNEX Co. (NYSE:SNX)

Gotham Asset Management LLC decreased its stake in shares of TD SYNNEX Co. (NYSE:SNX - Free Report) by 12.3% during the fourth quarter, according to its most recent filing with the Securities and Exchange Commission. The institutional investor owned 21,313 shares of the business services provider's stock after selling 2,992 shares during the period. Gotham Asset Management LLC's holdings in TD SYNNEX were worth $2,500,000 as of its most recent SEC filing.

Several other hedge funds have also bought and sold shares of the business. Barclays PLC raised its holdings in shares of TD SYNNEX by 20.1% during the fourth quarter. Barclays PLC now owns 97,617 shares of the business services provider's stock valued at $11,448,000 after purchasing an additional 16,310 shares during the last quarter. Proficio Capital Partners LLC purchased a new position in shares of TD SYNNEX during the fourth quarter valued at approximately $5,158,000. JPMorgan Chase & Co. raised its holdings in shares of TD SYNNEX by 37.0% during the third quarter. JPMorgan Chase & Co. now owns 3,012,219 shares of the business services provider's stock valued at $361,707,000 after purchasing an additional 813,634 shares during the last quarter. Sei Investments Co. raised its holdings in shares of TD SYNNEX by 25.5% during the fourth quarter. Sei Investments Co. now owns 70,745 shares of the business services provider's stock valued at $8,297,000 after purchasing an additional 14,379 shares during the last quarter. Finally, IFP Advisors Inc raised its holdings in shares of TD SYNNEX by 976.6% during the fourth quarter. IFP Advisors Inc now owns 1,012 shares of the business services provider's stock valued at $119,000 after purchasing an additional 918 shares during the last quarter. Institutional investors own 84.00% of the company's stock.

Insider Buying and Selling

In other news, Director Richard T. Hume sold 20,000 shares of the stock in a transaction 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 sale, the director now owns 65,480 shares of the company's stock, valued at approximately $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 SEC, which can be accessed through this link. Also, insider Miriam Anne Murphy sold 3,000 shares of the stock in a transaction on 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 sale, the insider now directly owns 14,883 shares in the company, valued at approximately $1,637,130. This represents a 16.78% decrease in their position. The disclosure for this sale can be found here. Over the last quarter, insiders sold 24,510 shares of company stock worth $3,241,001. 1.00% of the stock is owned by insiders.

Analysts Set New Price Targets

A number of brokerages have commented on SNX. JPMorgan Chase & Co. reduced their target price on shares of TD SYNNEX from $125.00 to $120.00 and set a "neutral" rating for the company in a report on Friday, April 11th. Barclays reduced their target price on shares of TD SYNNEX from $148.00 to $125.00 and set an "equal weight" rating for the company in a report on Friday, March 28th. The Goldman Sachs Group reduced their target price on shares of TD SYNNEX from $154.00 to $137.00 and set a "buy" rating for the company in a report on Friday, March 28th. UBS Group reduced their target price on shares of TD SYNNEX from $150.00 to $138.00 and set a "buy" rating for the company in a report on Friday, March 28th. Finally, Barrington Research reaffirmed an "outperform" rating and set a $156.00 target price on shares of TD SYNNEX in a report on Friday, April 11th. Three research analysts have rated the stock with a hold rating and seven have issued a buy rating to the stock. Based on data from MarketBeat.com, the company presently has an average rating of "Moderate Buy" and a consensus price target of $137.22.

TD SYNNEX Price Performance

Shares of SNX traded down $0.80 during mid-day trading on Monday, reaching $124.25. The stock had a trading volume of 612,193 shares, compared to its average volume of 743,403. The firm has a market cap of $10.43 billion, a price-to-earnings ratio of 15.61, a PEG ratio of 1.06 and a beta of 1.33. TD SYNNEX Co. has a 12 month low of $92.23 and a 12 month high of $145.10. The business has a fifty day moving average of $113.32 and a 200 day moving average of $123.28. 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 (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 analysts' consensus estimates 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 earnings per share. The business's revenue for the quarter was up 4.0% compared to the same quarter last year. Equities analysts predict that TD SYNNEX Co. will post 11.88 EPS for the current year.

TD SYNNEX Dividend Announcement

The business also recently announced 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 was Friday, April 11th. This represents a $1.76 dividend on an annualized basis and a dividend yield of 1.42%. TD SYNNEX's dividend payout ratio is 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.