TD SYNNEX Co. (NYSE:SNX) Stock Holdings Boosted by Nuveen Asset Management LLC

Nuveen Asset Management LLC increased its holdings in shares of TD SYNNEX Co. (NYSE:SNX - Free Report) by 343.2% during the 4th quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission. The firm owned 1,210,036 shares of the business services provider's stock after buying an additional 937,040 shares during the quarter. Nuveen Asset Management LLC owned about 1.43% of TD SYNNEX worth $141,913,000 as of its most recent filing with the Securities and Exchange Commission.

A number of other hedge funds have also recently added to or reduced their stakes in the business. Barclays PLC grew its stake in shares of TD SYNNEX by 20.1% during the 4th quarter. Barclays PLC now owns 97,617 shares of the business services provider's stock valued at $11,448,000 after buying an additional 16,310 shares during the period. Proficio Capital Partners LLC purchased a new stake in TD SYNNEX during the fourth quarter valued at about $5,158,000. JPMorgan Chase & Co. increased its stake in 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 worth $361,707,000 after acquiring an additional 813,634 shares during the last quarter. Sei Investments Co. increased its stake in TD SYNNEX by 25.5% during the fourth quarter. Sei Investments Co. now owns 70,745 shares of the business services provider's stock worth $8,297,000 after acquiring an additional 14,379 shares during the last quarter. Finally, IFP Advisors Inc raised its holdings in shares of TD SYNNEX by 976.6% in the 4th quarter. IFP Advisors Inc now owns 1,012 shares of the business services provider's stock worth $119,000 after purchasing an additional 918 shares during the period. 84.00% of the stock is owned by institutional investors and hedge funds.

Wall Street Analyst Weigh In

Several brokerages have recently weighed in on SNX. Wall Street Zen downgraded TD SYNNEX from a "buy" rating to a "hold" rating in a research report on Wednesday, March 26th. JPMorgan Chase & Co. decreased their price target on TD SYNNEX from $125.00 to $120.00 and set a "neutral" rating for the company in a report on Friday, April 11th. Royal Bank of Canada reduced their target price on shares of TD SYNNEX from $165.00 to $145.00 and set an "outperform" rating on the stock in a research report on Friday, April 11th. The Goldman Sachs Group lowered their price target 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. Finally, Barclays cut their price objective on shares of 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 equities research 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 has an average rating of "Moderate Buy" and an average price target of $137.22.

TD SYNNEX Stock Up 0.1%

Shares of SNX traded up $0.13 during midday trading on Thursday, hitting $121.47. The company had a trading volume of 127,222 shares, compared to its average volume of 738,670. The stock has a market cap of $10.19 billion, a price-to-earnings ratio of 15.27, a PEG ratio of 1.06 and a beta of 1.33. The company's 50 day moving average price is $113.11 and its 200 day moving average price is $123.34. The company has a quick ratio of 0.76, a current ratio of 1.24 and a debt-to-equity ratio of 0.46. 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 posted 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 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 last year, the business posted $2.99 earnings per share. The firm's revenue for the quarter was up 4.0% on a year-over-year basis. On average, equities research analysts predict that TD SYNNEX Co. will post 11.88 EPS for the current year.

TD SYNNEX Announces Dividend

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

Insider Buying and Selling at TD SYNNEX

In other news, CFO Marshall Witt sold 1,510 shares of the company's stock in a transaction that occurred on Tuesday, March 18th. The stock was sold at an average price of $128.08, for a total transaction of $193,400.80. Following the completion of the transaction, the chief financial officer now directly owns 49,843 shares of the company's stock, valued at approximately $6,383,891.44. This represents a 2.94% decrease in their ownership of the stock. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which can be accessed through the SEC website. Also, insider Miriam Anne Murphy sold 3,000 shares of the stock in a transaction that occurred on Wednesday, April 30th. The stock was sold at an average price of $110.00, for a total value of $330,000.00. Following the sale, the insider now owns 14,883 shares in the company, valued at $1,637,130. The trade was a 16.78% decrease in their ownership of the stock. The disclosure for this sale can be found here. Insiders sold a total of 24,510 shares of company stock worth $3,241,001 over the last 90 days. Insiders own 1.00% of the company's stock.

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.