Susquehanna Fundamental Investments LLC Acquires New Holdings in TD SYNNEX Co. (NYSE:SNX)

Susquehanna Fundamental Investments LLC purchased a new position in TD SYNNEX Co. (NYSE:SNX - Free Report) in the 4th quarter, according to the company in its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The firm purchased 82,626 shares of the business services provider's stock, valued at approximately $9,690,000. Susquehanna Fundamental Investments LLC owned approximately 0.10% of TD SYNNEX as of its most recent filing with the Securities and Exchange Commission (SEC).

Several other institutional investors have also added to or reduced their stakes in the business. Wilmington Savings Fund Society FSB purchased a new position in shares of TD SYNNEX in the third quarter worth about $232,000. Tidal Investments LLC increased its position in shares of TD SYNNEX by 9.3% in the third quarter. Tidal Investments LLC now owns 17,121 shares of the business services provider's stock valued at $2,056,000 after buying an additional 1,450 shares in the last quarter. Brass Tax Wealth Management Inc. purchased a new stake in shares of TD SYNNEX in the third quarter valued at approximately $203,000. Lord Abbett & CO. LLC increased its position in shares of TD SYNNEX by 39.0% in the third quarter. Lord Abbett & CO. LLC now owns 825,468 shares of the business services provider's stock valued at $99,123,000 after buying an additional 231,715 shares in the last quarter. Finally, JPMorgan Chase & Co. increased its position in shares of TD SYNNEX by 37.0% in the third quarter. JPMorgan Chase & Co. now owns 3,012,219 shares of the business services provider's stock valued at $361,707,000 after buying an additional 813,634 shares in the last quarter. Institutional investors and hedge funds own 84.00% of the company's stock.

Insider Buying and Selling at TD SYNNEX

In related news, Director Richard T. Hume sold 20,000 shares of TD SYNNEX stock in a transaction that occurred on Monday, March 3rd. The shares were sold at an average price of $135.88, for a total value of $2,717,600.00. Following the completion of the transaction, the director now owns 65,480 shares in the company, valued at $8,897,422.40. The trade was a 23.40 % decrease in their ownership of the stock. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is available through this hyperlink. Also, CFO Marshall Witt sold 1,510 shares of TD SYNNEX 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 owns 49,843 shares of the company's stock, valued at $6,383,891.44. This represents a 2.94 % decrease in their position. The disclosure for this sale can be found here. Insiders sold a total of 28,333 shares of company stock worth $3,886,690 over the last three months. Insiders own 1.00% of the company's stock.

TD SYNNEX Trading Down 0.2 %

SNX traded down $0.19 on Wednesday, hitting $110.88. The company had a trading volume of 584,374 shares, compared to its average volume of 750,618. The company has a current ratio of 1.24, a quick ratio of 0.76 and a debt-to-equity ratio of 0.46. The firm has a market cap of $9.31 billion, a P/E ratio of 13.93, a PEG ratio of 1.06 and a beta of 1.36. The company's fifty day moving average price is $117.51 and its 200 day moving average price is $123.44. TD SYNNEX Co. has a 1 year low of $92.23 and a 1 year high of $145.10.

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

TD SYNNEX Dividend Announcement

The business also recently declared a quarterly dividend, which was paid on Friday, April 25th. Shareholders of record on Friday, April 11th were given a dividend of $0.44 per share. This represents a $1.76 dividend on an annualized basis and a dividend yield of 1.59%. The ex-dividend date was Friday, April 11th. TD SYNNEX's dividend payout ratio is presently 21.97%.

Wall Street Analyst Weigh In

SNX has been the topic of a number of research analyst reports. UBS Group lowered their price target on TD SYNNEX from $150.00 to $138.00 and set a "buy" rating on the stock in a research note on Friday, March 28th. Barclays lowered their price target on TD SYNNEX from $148.00 to $125.00 and set an "equal weight" rating on the stock in a research note on Friday, March 28th. The Goldman Sachs Group lowered their price target on TD SYNNEX from $154.00 to $137.00 and set a "buy" rating on the stock in a research note on Friday, March 28th. Royal Bank of Canada lowered their price target on TD SYNNEX from $165.00 to $145.00 and set an "outperform" rating on the stock in a research note on Friday, April 11th. Finally, Barrington Research reissued an "outperform" rating and set a $156.00 price objective on shares of TD SYNNEX in a research note on Friday, April 11th. Three research analysts have rated the stock with a hold rating and seven have assigned a buy rating to the company. Based on data from MarketBeat, the company presently has a consensus rating of "Moderate Buy" and an average price target of $137.22.

TD SYNNEX 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.