LSV Asset Management Sells 8,345 Shares of TD SYNNEX Co. (NYSE:SNX)

LSV Asset Management reduced its position in TD SYNNEX Co. (NYSE:SNX - Free Report) by 1.1% in the 4th quarter, according to its most recent filing with the SEC. The firm owned 741,488 shares of the business services provider's stock after selling 8,345 shares during the period. LSV Asset Management owned about 0.83% of TD SYNNEX worth $79,792,000 at the end of the most recent reporting period.

Several other institutional investors also recently bought and sold shares of the business. Pacer Advisors Inc. boosted its stake in TD SYNNEX by 33,158.8% in the 4th quarter. Pacer Advisors Inc. now owns 1,336,005 shares of the business services provider's stock worth $143,767,000 after buying an additional 1,331,988 shares during the last quarter. FMR LLC boosted its position in shares of TD SYNNEX by 4.7% in the third quarter. FMR LLC now owns 6,853,828 shares of the business services provider's stock worth $684,423,000 after acquiring an additional 307,844 shares during the last quarter. Vanguard Group Inc. grew its holdings in TD SYNNEX by 4.0% in the third quarter. Vanguard Group Inc. now owns 5,008,606 shares of the business services provider's stock valued at $500,159,000 after purchasing an additional 193,198 shares during the period. Federated Hermes Inc. increased its position in TD SYNNEX by 73.4% during the third quarter. Federated Hermes Inc. now owns 354,618 shares of the business services provider's stock worth $35,412,000 after purchasing an additional 150,099 shares during the last quarter. Finally, Causeway Capital Management LLC boosted its holdings in shares of TD SYNNEX by 23.0% in the 3rd quarter. Causeway Capital Management LLC now owns 778,367 shares of the business services provider's stock valued at $77,728,000 after purchasing an additional 145,552 shares during the last quarter. 84.00% of the stock is currently owned by institutional investors and hedge funds.

TD SYNNEX Stock Up 1.0 %

Shares of NYSE SNX traded up $1.19 during trading on Friday, reaching $117.61. 468,166 shares of the stock were exchanged, compared to its average volume of 1,012,405. The company has a market capitalization of $10.48 billion, a price-to-earnings ratio of 17.07, a price-to-earnings-growth ratio of 1.10 and a beta of 1.59. The business's 50-day moving average price is $110.67 and its 200 day moving average price is $104.06. The company has a quick ratio of 0.75, a current ratio of 1.22 and a debt-to-equity ratio of 0.38. TD SYNNEX Co. has a twelve month low of $86.30 and a twelve month high of $119.87.

TD SYNNEX (NYSE:SNX - Get Free Report) last posted its quarterly earnings data on Tuesday, March 26th. The business services provider reported $2.83 earnings per share for the quarter, beating analysts' consensus estimates of $2.71 by $0.12. TD SYNNEX had a net margin of 1.12% and a return on equity of 12.16%. The company had revenue of $13.98 billion during the quarter, compared to analysts' expectations of $14.37 billion. As a group, equities analysts forecast that TD SYNNEX Co. will post 11.38 EPS for the current fiscal year.

TD SYNNEX Dividend Announcement

The business also recently disclosed a quarterly dividend, which was paid on Friday, April 26th. Shareholders of record on Friday, April 12th were paid a dividend of $0.40 per share. The ex-dividend date was Thursday, April 11th. This represents a $1.60 dividend on an annualized basis and a yield of 1.36%. TD SYNNEX's dividend payout ratio (DPR) is 23.22%.

Insiders Place Their Bets

In other TD SYNNEX news, CEO Richard T. Hume sold 10,000 shares of the business's stock in a transaction on Monday, March 4th. The shares were sold at an average price of $105.57, for a total transaction of $1,055,700.00. Following the completion of the sale, the chief executive officer now owns 229,363 shares in the company, valued at $24,213,851.91. The transaction was disclosed in a legal filing with the SEC, which can be accessed through the SEC website. In related news, CEO Richard T. Hume sold 10,000 shares of the business's stock in a transaction that occurred on Monday, March 4th. The stock was sold at an average price of $105.57, for a total transaction of $1,055,700.00. Following the completion of the transaction, the chief executive officer now owns 229,363 shares in the company, valued at approximately $24,213,851.91. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is available at the SEC website. Also, insider Dennis Polk sold 20,000 shares of the firm's stock in a transaction on Monday, April 8th. The shares were sold at an average price of $118.10, for a total value of $2,362,000.00. Following the completion of the sale, the insider now owns 134,706 shares in the company, valued at $15,908,778.60. The disclosure for this sale can be found here. Insiders sold a total of 40,000 shares of company stock valued at $4,575,600 in the last ninety days. Corporate insiders own 1.90% of the company's stock.

Analysts Set New Price Targets

Several research analysts recently weighed in on SNX shares. Royal Bank of Canada reaffirmed a "sector perform" rating and issued a $118.00 target price (up from $110.00) on shares of TD SYNNEX in a research report on Wednesday, March 27th. UBS Group upgraded TD SYNNEX from a "neutral" rating to a "buy" rating and raised their price objective for the stock from $115.00 to $145.00 in a report on Tuesday, April 16th. Barrington Research boosted their target price on TD SYNNEX from $122.00 to $138.00 and gave the stock an "outperform" rating in a report on Thursday, March 28th. Cfra raised their price target on shares of TD SYNNEX from $110.00 to $113.00 and gave the company a "hold" rating in a report on Tuesday, March 26th. Finally, Barclays lifted their price target on shares of TD SYNNEX from $111.00 to $118.00 and gave the company an "equal weight" rating in a research report on Wednesday, March 27th. Four research analysts have rated the stock with a hold rating and six have given a buy rating to the company's stock. According to MarketBeat, TD SYNNEX has an average rating of "Moderate Buy" and a consensus target price of $121.82.

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.