Qsemble Capital Management LP Takes $668,000 Position in TD SYNNEX Co. (NYSE:SNX)

Qsemble Capital Management LP bought a new position in shares of TD SYNNEX Co. (NYSE:SNX - Free Report) during the 4th quarter, according to the company in its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The fund bought 6,204 shares of the business services provider's stock, valued at approximately $668,000.

A number of other institutional investors have also recently added to or reduced their stakes in SNX. SummerHaven Investment Management LLC grew its stake in shares of TD SYNNEX by 1.4% in the 4th quarter. SummerHaven Investment Management LLC now owns 7,499 shares of the business services provider's stock worth $807,000 after purchasing an additional 102 shares during the last quarter. Teacher Retirement System of Texas lifted its position in shares of TD SYNNEX by 0.6% during the 4th quarter. Teacher Retirement System of Texas now owns 23,242 shares of the business services provider's stock valued at $2,501,000 after acquiring an additional 142 shares during the last quarter. Linden Thomas Advisory Services LLC boosted its stake in shares of TD SYNNEX by 1.9% during the 4th quarter. Linden Thomas Advisory Services LLC now owns 7,890 shares of the business services provider's stock worth $849,000 after acquiring an additional 146 shares in the last quarter. Signaturefd LLC grew its holdings in shares of TD SYNNEX by 28.9% in the 3rd quarter. Signaturefd LLC now owns 954 shares of the business services provider's stock worth $95,000 after acquiring an additional 214 shares during the last quarter. Finally, Fifth Third Bancorp lifted its holdings in shares of TD SYNNEX by 19.2% during the third quarter. Fifth Third Bancorp now owns 1,444 shares of the business services provider's stock valued at $144,000 after purchasing an additional 233 shares during the last quarter. 84.00% of the stock is currently owned by institutional investors and hedge funds.

Analysts Set New Price Targets

A number of analysts have commented on SNX shares. Royal Bank of Canada reaffirmed a "sector perform" rating and set a $118.00 price objective (up from $110.00) on shares of TD SYNNEX in a research note on Wednesday, March 27th. Barclays lifted their price objective on shares of TD SYNNEX from $111.00 to $118.00 and gave the stock an "equal weight" rating in a research report on Wednesday, March 27th. Barrington Research increased their target price on TD SYNNEX from $122.00 to $138.00 and gave the company an "outperform" rating in a report on Thursday, March 28th. Bank of America lifted their price target on TD SYNNEX from $120.00 to $140.00 and gave the company a "buy" rating in a report on Tuesday, April 2nd. Finally, UBS Group raised TD SYNNEX from a "neutral" rating to a "buy" rating and increased their price objective for the stock from $115.00 to $145.00 in a research note on Tuesday, April 16th. Four research analysts have rated the stock with a hold rating and six have issued a buy rating to the stock. According to data from MarketBeat.com, the stock presently has a consensus rating of "Moderate Buy" and an average price target of $121.82.

TD SYNNEX Stock Down 0.1 %

Shares of TD SYNNEX stock traded down $0.10 during trading on Friday, hitting $121.53. 400,216 shares of the stock traded hands, compared to its average volume of 783,939. The company has a fifty day moving average price of $112.42 and a two-hundred day moving average price of $105.20. TD SYNNEX Co. has a twelve month low of $87.07 and a twelve month high of $122.23. The stock has a market cap of $10.83 billion, a P/E ratio of 17.64, a PEG ratio of 1.14 and a beta of 1.59. The company has a debt-to-equity ratio of 0.38, a quick ratio of 0.75 and a current ratio of 1.22.

TD SYNNEX (NYSE:SNX - Get Free Report) last posted its earnings results on Tuesday, March 26th. The business services provider reported $2.83 EPS for the quarter, topping the consensus estimate of $2.71 by $0.12. The company had revenue of $13.98 billion during the quarter, compared to the consensus estimate of $14.37 billion. TD SYNNEX had a net margin of 1.12% and a return on equity of 12.16%. Equities research analysts predict that TD SYNNEX Co. will post 11.38 EPS for the current fiscal year.

TD SYNNEX Announces Dividend

The business also recently declared a quarterly dividend, which was paid on Friday, April 26th. Stockholders 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 annualized dividend and a dividend yield of 1.32%. TD SYNNEX's dividend payout ratio (DPR) is presently 23.22%.

Insider Activity

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

About TD SYNNEX

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.