TD SYNNEX Co. (NYSE:SNX) Shares Purchased by Stifel Financial Corp

Stifel Financial Corp increased its position in TD SYNNEX Co. (NYSE:SNX - Free Report) by 44.0% in the fourth quarter, according to its most recent 13F filing with the Securities and Exchange Commission (SEC). The fund owned 24,788 shares of the business services provider's stock after acquiring an additional 7,580 shares during the period. Stifel Financial Corp's holdings in TD SYNNEX were worth $2,907,000 as of its most recent filing with the Securities and Exchange Commission (SEC).

A number of other hedge funds have also made changes to their positions in the company. Bartlett & CO. Wealth Management LLC lifted its position in TD SYNNEX by 345.1% during the fourth quarter. Bartlett & CO. Wealth Management LLC now owns 227 shares of the business services provider's stock worth $27,000 after buying an additional 176 shares during the period. Bessemer Group Inc. boosted its holdings 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 period. UMB Bank n.a. lifted its stake in shares of TD SYNNEX by 48.4% in the fourth quarter. UMB Bank n.a. now owns 429 shares of the business services provider's stock valued at $50,000 after buying an additional 140 shares during the period. Blue Trust Inc. grew its holdings in shares of TD SYNNEX by 37.7% during the fourth quarter. Blue Trust Inc. now owns 471 shares of the business services provider's stock worth $55,000 after purchasing an additional 129 shares during the last quarter. Finally, Global Retirement Partners LLC boosted its holdings in TD SYNNEX by 31.9% in the fourth quarter. Global Retirement Partners LLC now owns 480 shares of the business services provider's stock valued at $56,000 after acquiring an additional 116 shares during the last quarter. Institutional investors and hedge funds own 84.00% of the company's stock.

Wall Street Analyst Weigh In

A number of research firms recently issued reports on SNX. Barrington Research reiterated an "outperform" rating and set a $156.00 price objective on shares of TD SYNNEX in a report on Friday, April 11th. StockNews.com cut shares of TD SYNNEX from a "buy" rating to a "hold" rating in a research note on Wednesday, March 26th. Barclays decreased their price target 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. Royal Bank of Canada lowered their price objective on shares of TD SYNNEX from $165.00 to $145.00 and set an "outperform" rating for the company in a research report on Friday, April 11th. Finally, UBS Group reduced their target price on shares of TD SYNNEX from $150.00 to $138.00 and set a "buy" 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 assigned a buy rating to the company. According to MarketBeat.com, TD SYNNEX currently has an average rating of "Moderate Buy" and an average target price of $137.22.

Insider Transactions at TD SYNNEX

In other TD SYNNEX news, insider Miriam Anne Murphy sold 3,000 shares of TD SYNNEX 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 transaction, the insider now directly owns 14,883 shares of the company's stock, valued at $1,637,130. The trade was a 16.78 % decrease in their position. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is available at the SEC website. Also, CFO Marshall Witt sold 1,510 shares of the stock in a transaction dated Tuesday, March 18th. The shares were sold at an average price of $128.08, for a total transaction of $193,400.80. Following the sale, the chief financial officer now directly owns 49,843 shares in the company, valued at $6,383,891.44. This trade represents a 2.94 % decrease in their ownership of the stock. The disclosure for this sale can be found here. Insiders sold 24,510 shares of company stock valued at $3,241,001 over the last three months. Company insiders own 1.00% of the company's stock.

TD SYNNEX Trading Down 0.4 %

SNX stock traded down $0.51 during trading on Friday, reaching $117.90. 86,849 shares of the stock traded hands, compared to its average volume of 743,589. The company has a debt-to-equity ratio of 0.46, a current ratio of 1.24 and a quick ratio of 0.76. TD SYNNEX Co. has a 52-week low of $92.23 and a 52-week high of $145.10. The business's 50 day moving average price is $114.07 and its 200-day moving average price is $123.10. The firm 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 released its earnings results on Thursday, March 27th. The business services provider reported $2.80 EPS for the quarter, missing the consensus estimate of $2.87 by ($0.07). The business had revenue of $14.53 billion for the quarter, compared to analyst estimates of $14.79 billion. TD SYNNEX had a net margin of 1.18% and a return on equity of 11.91%. The firm's revenue for the quarter was up 4.0% on a year-over-year basis. During the same period in the prior year, the company earned $2.99 earnings per share. As a group, sell-side analysts forecast that TD SYNNEX Co. will post 11.88 earnings per share for the current year.

TD SYNNEX Dividend Announcement

The business also recently disclosed a quarterly dividend, which was paid on Friday, April 25th. Investors of record on Friday, April 11th were paid a dividend of $0.44 per share. The ex-dividend date was Friday, April 11th. This represents a $1.76 dividend on an annualized basis and a dividend yield of 1.49%. TD SYNNEX's dividend payout ratio (DPR) is presently 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.