TD SYNNEX Co. (NYSE:SNX) Holdings Trimmed by Price T Rowe Associates Inc. MD

Price T Rowe Associates Inc. MD lowered its holdings in TD SYNNEX Co. (NYSE:SNX - Free Report) by 50.8% in the fourth quarter, according to its most recent Form 13F filing with the SEC. The fund owned 77,055 shares of the business services provider's stock after selling 79,656 shares during the period. Price T Rowe Associates Inc. MD owned about 0.09% of TD SYNNEX worth $9,038,000 at the end of the most recent reporting period.

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

Analyst Ratings Changes

A number of research analysts have recently weighed in on SNX shares. Barrington Research reissued an "outperform" rating and issued a $156.00 price target on shares of TD SYNNEX in a research note on Friday, April 11th. UBS Group cut their target price on shares of TD SYNNEX from $150.00 to $138.00 and set a "buy" rating for the company in a research note on Friday, March 28th. Cfra reduced their price target on TD SYNNEX from $147.00 to $132.00 and set a "buy" rating for the company in a research note on Friday, March 28th. Barclays decreased their target price on TD SYNNEX from $148.00 to $125.00 and set an "equal weight" rating on the stock in a research report on Friday, March 28th. Finally, JPMorgan Chase & Co. cut their target price on TD SYNNEX from $125.00 to $120.00 and set a "neutral" rating on the stock in a report on Friday, April 11th. Three equities research analysts have rated the stock with a hold rating and seven have issued a buy rating to the stock. According to MarketBeat.com, the stock currently has an average rating of "Moderate Buy" and a consensus price target of $137.22.

Insiders Place Their Bets

In related news, Director Richard T. Hume sold 20,000 shares of TD SYNNEX stock in a transaction on Monday, March 3rd. The shares were sold at an average price of $135.88, for a total transaction of $2,717,600.00. Following the sale, the director now directly owns 65,480 shares in the company, valued at $8,897,422.40. This trade represents a 23.40 % decrease in their position. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is available through the SEC website. Also, insider Miriam Anne Murphy sold 3,000 shares of the business's stock in a transaction on Wednesday, April 30th. The shares were sold at an average price of $110.00, for a total transaction of $330,000.00. Following the completion of the transaction, the insider now directly owns 14,883 shares in the company, valued at $1,637,130. This represents a 16.78 % decrease in their ownership of the stock. The disclosure for this sale can be found here. In the last 90 days, insiders have sold 24,510 shares of company stock worth $3,241,001. Corporate insiders own 1.00% of the company's stock.

TD SYNNEX Stock Down 0.4 %

Shares of SNX traded down $0.51 on Friday, hitting $117.90. 86,849 shares of the stock traded hands, compared to its average volume of 743,591. The company has a debt-to-equity ratio of 0.46, a quick ratio of 0.76 and a current ratio of 1.24. The business has a 50 day simple moving average of $114.07 and a 200 day simple moving average of $123.10. TD SYNNEX Co. has a one year low of $92.23 and a one year high of $145.10. The company has a market capitalization of $9.89 billion, a PE ratio of 14.81, a P/E/G ratio of 1.06 and a beta of 1.33.

TD SYNNEX (NYSE:SNX - Get Free Report) last issued its earnings results on Thursday, March 27th. The business services provider reported $2.80 earnings per share (EPS) for the quarter, missing the consensus estimate of $2.87 by ($0.07). The firm had revenue of $14.53 billion during the quarter, compared to the consensus estimate of $14.79 billion. TD SYNNEX had a return on equity of 11.91% and a net margin of 1.18%. The company's revenue for the quarter was up 4.0% compared to the same quarter last year. During the same period last year, the firm posted $2.99 earnings per share. As a group, equities analysts forecast that TD SYNNEX Co. will post 11.88 earnings per share for the current fiscal year.

TD SYNNEX Dividend Announcement

The company also recently announced a quarterly dividend, which was paid on Friday, April 25th. Investors of record on Friday, April 11th were given a $0.44 dividend. The ex-dividend date of this dividend was Friday, April 11th. This represents a $1.76 dividend on an annualized basis and a yield of 1.49%. TD SYNNEX's dividend payout ratio is currently 21.97%.

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.