Jump Financial LLC Takes Position in TD SYNNEX Co. (NYSE:SNX)

Jump Financial LLC bought a new stake in shares of TD SYNNEX Co. (NYSE:SNX - Free Report) in the 4th quarter, according to its most recent 13F filing with the Securities & Exchange Commission. The firm bought 8,200 shares of the business services provider's stock, valued at approximately $962,000.

Several other large investors also recently modified their holdings of the business. Bartlett & CO. Wealth Management LLC boosted its stake in TD SYNNEX by 345.1% during the 4th quarter. Bartlett & CO. Wealth Management LLC now owns 227 shares of the business services provider's stock valued at $27,000 after acquiring an additional 176 shares during the last quarter. Bessemer Group Inc. lifted its position in shares of TD SYNNEX by 174.7% during the fourth quarter. Bessemer Group Inc. now owns 239 shares of the business services provider's stock worth $28,000 after purchasing an additional 152 shares during the last quarter. UMB Bank n.a. grew its stake in TD SYNNEX by 48.4% in the fourth quarter. UMB Bank n.a. now owns 429 shares of the business services provider's stock worth $50,000 after purchasing an additional 140 shares in the last quarter. Blue Trust Inc. increased its holdings in TD SYNNEX by 37.7% in the fourth quarter. Blue Trust Inc. now owns 471 shares of the business services provider's stock valued at $55,000 after buying an additional 129 shares during the last quarter. Finally, Global Retirement Partners LLC raised its stake in TD SYNNEX by 31.9% during the fourth quarter. Global Retirement Partners LLC now owns 480 shares of the business services provider's stock valued at $56,000 after buying an additional 116 shares in the last quarter. 84.00% of the stock is currently owned by institutional investors and hedge funds.

Insider Transactions at TD SYNNEX

In other TD SYNNEX news, CFO Marshall Witt sold 1,510 shares of the business's 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 sale, the chief financial officer now owns 49,843 shares in the company, valued at approximately $6,383,891.44. The trade was a 2.94 % decrease in their position. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is accessible through this hyperlink. Also, Director Richard T. Hume sold 20,000 shares of the firm's stock in a transaction dated 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 approximately $8,897,422.40. The trade was a 23.40 % decrease in their ownership of the stock. The disclosure for this sale can be found here. In the last 90 days, insiders have sold 28,333 shares of company stock valued at $3,886,690. Corporate insiders own 1.00% of the company's stock.

TD SYNNEX Stock Performance

SNX traded up $0.85 during trading hours on Friday, hitting $111.21. The company's stock had a trading volume of 567,689 shares, compared to its average volume of 752,735. The company has a 50-day simple moving average of $118.81 and a 200 day simple moving average of $123.58. 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 firm has a market capitalization of $9.33 billion, a PE ratio of 13.97, a PEG ratio of 1.06 and a beta of 1.36. TD SYNNEX Co. has a fifty-two week low of $92.23 and a fifty-two week high of $145.10.

TD SYNNEX (NYSE:SNX - Get Free Report) last issued its quarterly earnings results 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 net margin of 1.18% and a return on equity of 11.91%. The business had revenue of $14.53 billion for the quarter, compared to analyst estimates of $14.79 billion. During the same period last year, the business posted $2.99 earnings per share. TD SYNNEX's revenue for the quarter was up 4.0% on a year-over-year basis. As a group, sell-side analysts expect that TD SYNNEX Co. will post 11.88 EPS for the current year.

TD SYNNEX Announces Dividend

The company also recently declared a quarterly dividend, which was paid on Friday, April 25th. Stockholders of record on Friday, April 11th were given a dividend of $0.44 per share. This represents a $1.76 annualized dividend and a dividend yield of 1.58%. The ex-dividend date was Friday, April 11th. TD SYNNEX's dividend payout ratio (DPR) is presently 21.97%.

Analyst Ratings Changes

Several brokerages have recently commented on SNX. Royal Bank of Canada decreased their target price on TD SYNNEX from $165.00 to $145.00 and set an "outperform" rating for the company in a research report on Friday, April 11th. The Goldman Sachs Group decreased their price objective 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. Barrington Research reissued an "outperform" rating and set a $156.00 target price on shares of TD SYNNEX in a report on Friday, April 11th. UBS Group decreased their price target 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, Cfra dropped their price objective on shares of TD SYNNEX from $147.00 to $132.00 and set a "buy" rating on the stock in a research note on Friday, March 28th. Three analysts have rated the stock with a hold rating and seven have given a buy rating to the company. According to data from MarketBeat.com, the company presently has an average rating of "Moderate Buy" and an average price target of $137.22.

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.