Parkwood LLC Grows Stock Holdings in TD SYNNEX Co. (NYSE:SNX)

Parkwood LLC grew its position in TD SYNNEX Co. (NYSE:SNX - Free Report) by 24.3% in the fourth quarter, according to its most recent filing with the SEC. The fund owned 118,912 shares of the business services provider's stock after acquiring an additional 23,256 shares during the period. TD SYNNEX accounts for approximately 1.5% of Parkwood LLC's investment portfolio, making the stock its 14th biggest position. Parkwood LLC owned 0.14% of TD SYNNEX worth $13,946,000 at the end of the most recent reporting period.

A number of other large investors also recently modified their holdings of the company. Nomura Holdings Inc. bought a new position in shares of TD SYNNEX in the 4th quarter valued at $1,178,000. Nuveen Asset Management LLC increased its holdings in TD SYNNEX by 343.2% in the fourth quarter. Nuveen Asset Management LLC now owns 1,210,036 shares of the business services provider's stock valued at $141,913,000 after purchasing an additional 937,040 shares during the period. Occudo Quantitative Strategies LP acquired a new stake in TD SYNNEX in the fourth quarter valued at $536,000. Millennium Management LLC increased its holdings in TD SYNNEX by 14.4% in the fourth quarter. Millennium Management LLC now owns 141,975 shares of the business services provider's stock valued at $16,651,000 after purchasing an additional 17,924 shares during the period. Finally, MIRAE ASSET GLOBAL ETFS HOLDINGS Ltd. increased its holdings in TD SYNNEX by 14.6% in the fourth quarter. MIRAE ASSET GLOBAL ETFS HOLDINGS Ltd. now owns 15,360 shares of the business services provider's stock valued at $1,801,000 after purchasing an additional 1,953 shares during the period. 84.00% of the stock is currently owned by institutional investors.

Insider Transactions at TD SYNNEX

In other news, CFO Marshall Witt sold 1,510 shares of the firm's stock in a transaction that occurred 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 owns 49,843 shares in the company, valued at $6,383,891.44. This trade represents a 2.94% decrease in their position. The sale was disclosed in a document filed with the SEC, which is available at this hyperlink. Also, insider Miriam Anne Murphy sold 3,000 shares of the firm's stock in a transaction that occurred on Wednesday, April 30th. The stock was sold at an average price of $110.00, for a total transaction of $330,000.00. Following the sale, the insider now owns 14,883 shares of the company's stock, valued at approximately $1,637,130. The trade was a 16.78% decrease in their position. The disclosure for this sale can be found here. Insiders sold a total of 24,510 shares of company stock worth $3,241,001 in the last quarter. Insiders own 1.00% of the company's stock.

Analysts Set New Price Targets

A number of research firms recently weighed in on SNX. Barrington Research restated an "outperform" rating and issued a $156.00 price objective on shares of TD SYNNEX in a report on Friday, April 11th. JPMorgan Chase & Co. decreased their price objective on TD SYNNEX from $125.00 to $120.00 and set a "neutral" rating for the company in a report on Friday, April 11th. Royal Bank of Canada decreased their price target on TD SYNNEX from $165.00 to $145.00 and set an "outperform" rating for the company in a report on Friday, April 11th. UBS Group decreased their price target on TD SYNNEX from $150.00 to $138.00 and set a "buy" rating for the company in a report on Friday, March 28th. Finally, StockNews.com downgraded TD SYNNEX from a "buy" rating to a "hold" rating in a report on Wednesday, March 26th. Three equities research analysts have rated the stock with a hold rating and seven have given a buy rating to the stock. According to MarketBeat.com, TD SYNNEX currently has an average rating of "Moderate Buy" and a consensus target price of $137.22.

TD SYNNEX Stock Up 1.0%

Shares of SNX stock traded up $1.20 on Friday, reaching $125.14. 441,789 shares of the company were exchanged, compared to its average volume of 743,763. The company has a market cap of $10.50 billion, a price-to-earnings ratio of 15.72, a PEG ratio of 1.06 and a beta of 1.33. The company has a 50-day moving average of $113.32 and a 200-day moving average of $123.20. 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 one year low of $92.23 and a one year high of $145.10.

TD SYNNEX (NYSE:SNX - Get Free Report) last released its quarterly earnings data on Thursday, March 27th. The business services provider reported $2.80 earnings per share (EPS) for the quarter, missing analysts' consensus estimates of $2.87 by ($0.07). The company had revenue of $14.53 billion for 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%. TD SYNNEX's revenue for the quarter was up 4.0% compared to the same quarter last year. During the same period last year, the company earned $2.99 EPS. Analysts anticipate that TD SYNNEX Co. will post 11.88 earnings per share for the current year.

TD SYNNEX Announces Dividend

The company also recently announced 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. The ex-dividend date was Friday, April 11th. This represents a $1.76 annualized dividend and a dividend yield of 1.41%. 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.