First Trust Advisors LP Has $69.88 Million Holdings in TD SYNNEX Co. (NYSE:SNX)

First Trust Advisors LP lessened its stake in TD SYNNEX Co. (NYSE:SNX - Free Report) by 6.2% in the fourth quarter, according to its most recent filing with the Securities & Exchange Commission. The institutional investor owned 595,799 shares of the business services provider's stock after selling 39,099 shares during the period. First Trust Advisors LP owned 0.70% of TD SYNNEX worth $69,875,000 at the end of the most recent quarter.

A number of other institutional investors and hedge funds have also recently bought and sold shares of the stock. Forum Financial Management LP grew its position in TD SYNNEX by 10.0% in the 4th quarter. Forum Financial Management LP now owns 2,514 shares of the business services provider's stock valued at $295,000 after buying an additional 229 shares in the last quarter. GeoWealth Management LLC grew its position in TD SYNNEX by 2,143.3% in the 4th quarter. GeoWealth Management LLC now owns 2,019 shares of the business services provider's stock valued at $237,000 after buying an additional 1,929 shares in the last quarter. CANADA LIFE ASSURANCE Co grew its position in TD SYNNEX by 3.0% in the 4th quarter. CANADA LIFE ASSURANCE Co now owns 61,707 shares of the business services provider's stock valued at $7,237,000 after buying an additional 1,790 shares in the last quarter. Canada Pension Plan Investment Board bought a new position in TD SYNNEX in the 4th quarter valued at about $281,000. Finally, Marshall Wace LLP grew its position in TD SYNNEX by 29.0% in the 4th quarter. Marshall Wace LLP now owns 3,224 shares of the business services provider's stock valued at $378,000 after buying an additional 724 shares in the last quarter. Institutional investors own 84.00% of the company's stock.

TD SYNNEX Trading Up 0.8 %

NYSE SNX traded up $0.85 on Friday, hitting $111.21. 567,689 shares of the stock were exchanged, compared to its average volume of 752,735. TD SYNNEX Co. has a 52-week low of $92.23 and a 52-week high of $145.10. The company has a debt-to-equity ratio of 0.46, a current ratio of 1.24 and a quick ratio of 0.76. The company has a market capitalization of $9.33 billion, a price-to-earnings ratio of 13.97, a P/E/G ratio of 1.06 and a beta of 1.36. The company's 50-day moving average price is $118.81 and its two-hundred day moving average price is $123.58.

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

TD SYNNEX Announces Dividend

The business also recently declared a quarterly dividend, which was paid on Friday, April 25th. Stockholders of record on Friday, April 11th were issued a dividend of $0.44 per share. This represents a $1.76 annualized dividend and a dividend yield of 1.58%. The ex-dividend date of this dividend was Friday, April 11th. TD SYNNEX's dividend payout ratio is currently 21.97%.

Insider Activity

In related news, CEO Patrick Zammit sold 6,823 shares of TD SYNNEX stock in a transaction on Thursday, January 30th. The shares were sold at an average price of $143.00, for a total value of $975,689.00. Following the completion of the sale, the chief executive officer now owns 165,604 shares of the company's stock, valued at approximately $23,681,372. The trade was a 3.96 % decrease in their position. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is accessible through this link. Also, CFO Marshall Witt sold 1,510 shares of TD SYNNEX stock in a transaction on Tuesday, March 18th. The shares were sold at an average price of $128.08, for a total transaction of $193,400.80. Following the completion of the sale, the chief financial officer now directly owns 49,843 shares of the company's stock, valued at approximately $6,383,891.44. The trade was a 2.94 % decrease in their position. The disclosure for this sale can be found here. Insiders have sold a total of 28,333 shares of company stock worth $3,886,690 in the last ninety days. Corporate insiders own 1.00% of the company's stock.

Analyst Upgrades and Downgrades

A number of equities analysts recently issued reports on SNX shares. StockNews.com lowered shares of TD SYNNEX from a "buy" rating to a "hold" rating in a research report on Wednesday, March 26th. Royal Bank of Canada reduced 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. Barrington Research restated an "outperform" rating and set a $156.00 price objective on shares of TD SYNNEX in a research report on Friday, April 11th. UBS Group reduced their price objective on shares of TD SYNNEX from $150.00 to $138.00 and set a "buy" rating for the company in a research report on Friday, March 28th. Finally, Cfra reduced their price objective on shares of TD SYNNEX from $147.00 to $132.00 and set a "buy" rating for the company in a research report on Friday, March 28th. Three analysts have rated the stock with a hold rating and seven have issued a buy rating to the company's stock. According to MarketBeat, the stock presently has a consensus rating of "Moderate Buy" and an average target price of $137.22.

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.