Icon Advisers Inc. Co. Has $3.99 Million Position in TD SYNNEX Co. (NYSE:SNX)

Icon Advisers Inc. Co. lowered its stake in shares of TD SYNNEX Co. (NYSE:SNX - Free Report) by 8.1% in the fourth quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission. The institutional investor owned 34,000 shares of the business services provider's stock after selling 3,000 shares during the quarter. Icon Advisers Inc. Co.'s holdings in TD SYNNEX were worth $3,988,000 as of its most recent filing with the Securities and Exchange Commission.

A number of other hedge funds have also bought and sold shares of SNX. XTX Topco Ltd bought a new position in TD SYNNEX during the 3rd quarter worth approximately $219,000. M&T Bank Corp increased its stake in TD SYNNEX by 13.5% during the third quarter. M&T Bank Corp now owns 2,188 shares of the business services provider's stock valued at $263,000 after purchasing an additional 261 shares during the last quarter. Wilmington Savings Fund Society FSB acquired a new stake in shares of TD SYNNEX during the third quarter worth $232,000. Tidal Investments LLC grew its position in shares of TD SYNNEX by 9.3% during the 3rd quarter. Tidal Investments LLC now owns 17,121 shares of the business services provider's stock valued at $2,056,000 after buying an additional 1,450 shares during the last quarter. Finally, Brass Tax Wealth Management Inc. acquired a new stake in TD SYNNEX during the third quarter worth about $203,000. 84.00% of the stock is currently owned by institutional investors and hedge funds.

Insider Activity at TD SYNNEX

In other news, CEO Patrick Zammit sold 6,823 shares of the company's stock in a transaction dated Thursday, January 30th. The shares were sold at an average price of $143.00, for a total transaction of $975,689.00. Following the completion of the transaction, the chief executive officer now owns 165,604 shares of the company's stock, valued at approximately $23,681,372. This represents a 3.96 % 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, CFO Marshall Witt sold 1,510 shares of TD SYNNEX stock in a transaction that occurred on Tuesday, March 18th. The stock was sold at an average price of $128.08, for a total value of $193,400.80. Following the sale, the chief financial officer now directly owns 49,843 shares in the company, valued at $6,383,891.44. The trade was a 2.94 % decrease in their position. The disclosure for this sale can be found here. In the last three months, insiders have sold 28,333 shares of company stock worth $3,886,690. 1.00% of the stock is owned by insiders.

TD SYNNEX Stock Up 1.4 %

SNX traded up $1.47 on Friday, reaching $105.67. 1,050,677 shares of the company traded hands, compared to its average volume of 750,724. The company has a market cap of $8.87 billion, a price-to-earnings ratio of 13.27, a PEG ratio of 1.06 and a beta of 1.36. The company has a debt-to-equity ratio of 0.46, a current ratio of 1.24 and a quick ratio of 0.76. The stock's 50 day moving average price is $122.38 and its 200-day moving average price is $123.89. TD SYNNEX Co. has a 52-week low of $92.23 and a 52-week high of $145.10.

TD SYNNEX (NYSE:SNX - Get Free Report) last released its quarterly earnings data on Thursday, March 27th. The business services provider reported $2.80 EPS 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 analyst estimates of $14.79 billion. During the same quarter in the prior year, the company posted $2.99 EPS. The company's quarterly revenue was up 4.0% on a year-over-year basis. On average, sell-side analysts expect that TD SYNNEX Co. will post 11.88 EPS for the current fiscal year.

TD SYNNEX Announces Dividend

The company also recently disclosed a quarterly dividend, which will be paid on Friday, April 25th. Investors of record on Friday, April 11th will be issued a dividend of $0.44 per share. This represents a $1.76 annualized dividend and a dividend yield of 1.67%. The ex-dividend date of this dividend is Friday, April 11th. TD SYNNEX's dividend payout ratio is currently 21.97%.

Analysts Set New Price Targets

Several equities analysts have recently commented on SNX shares. Royal Bank of Canada lowered their target price on TD SYNNEX from $165.00 to $145.00 and set an "outperform" rating for the company in a report on Friday, April 11th. The Goldman Sachs Group lowered their price objective on shares of TD SYNNEX from $154.00 to $137.00 and set a "buy" rating on the stock in a research note on Friday, March 28th. JPMorgan Chase & Co. dropped their target price on shares of TD SYNNEX from $125.00 to $120.00 and set a "neutral" rating on the stock in a report on Friday, April 11th. Barrington Research restated an "outperform" rating and set a $156.00 price objective on shares of TD SYNNEX in a report on Friday, April 11th. Finally, StockNews.com cut shares of TD SYNNEX from a "buy" rating to a "hold" rating in a report on Wednesday, March 26th. Three research analysts have rated the stock with a hold rating and seven have issued a buy rating to the company's stock. Based on data from MarketBeat, TD SYNNEX currently has a consensus 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.