TD SYNNEX Co. (NYSE:SNX) Shares Bought by Tower Research Capital LLC TRC

Tower Research Capital LLC TRC raised its position in shares of TD SYNNEX Co. (NYSE:SNX - Free Report) by 157.6% in the 4th quarter, according to the company in its most recent Form 13F filing with the Securities and Exchange Commission. The firm owned 4,163 shares of the business services provider's stock after purchasing an additional 2,547 shares during the period. Tower Research Capital LLC TRC's holdings in TD SYNNEX were worth $488,000 as of its most recent filing with the Securities and Exchange Commission.

A number of other large investors have also bought and sold shares of SNX. Arizona State Retirement System raised its position in shares of TD SYNNEX by 0.4% during the 4th quarter. Arizona State Retirement System now owns 22,225 shares of the business services provider's stock valued at $2,607,000 after buying an additional 78 shares in the last quarter. Quadrant Capital Group LLC lifted its stake in shares of TD SYNNEX by 9.2% in the 4th quarter. Quadrant Capital Group LLC now owns 1,068 shares of the business services provider's stock valued at $125,000 after purchasing an additional 90 shares during the period. Amundi boosted its stake in TD SYNNEX by 22.3% during the fourth quarter. Amundi now owns 560 shares of the business services provider's stock worth $66,000 after acquiring an additional 102 shares in the last quarter. Highland Capital Management LLC grew its stake in shares of TD SYNNEX by 6.5% in the fourth quarter. Highland Capital Management LLC now owns 1,905 shares of the business services provider's stock worth $223,000 after acquiring an additional 116 shares during the last quarter. Finally, Global Retirement Partners LLC grew its holdings in shares of TD SYNNEX by 31.9% during the fourth quarter. Global Retirement Partners LLC now owns 480 shares of the business services provider's stock valued at $56,000 after buying an additional 116 shares during the last quarter. 84.00% of the stock is owned by hedge funds and other institutional investors.

Insider Activity

In other news, Director Richard T. Hume sold 20,000 shares of TD SYNNEX stock in a transaction on Monday, March 3rd. The stock was sold at an average price of $135.88, for a total transaction of $2,717,600.00. Following 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 position. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is available at this hyperlink. Also, CFO Marshall Witt sold 1,510 shares of the 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 directly owns 49,843 shares of the company's stock, valued at approximately $6,383,891.44. This trade represents a 2.94 % decrease in their position. The disclosure for this sale can be found here. Insiders have sold a total of 24,510 shares of company stock worth $3,241,001 over the last 90 days. 1.00% of the stock is currently owned by company insiders.

Analysts Set New Price Targets

Several equities research analysts recently issued reports on SNX shares. StockNews.com cut shares of TD SYNNEX from a "buy" rating to a "hold" rating in a report on Wednesday, March 26th. Royal Bank of Canada reduced their target price on TD SYNNEX from $165.00 to $145.00 and set an "outperform" rating on the stock in a report on Friday, April 11th. The Goldman Sachs Group dropped their target price on TD SYNNEX from $154.00 to $137.00 and set a "buy" rating for the company in a report on Friday, March 28th. JPMorgan Chase & Co. decreased their price target on TD SYNNEX from $125.00 to $120.00 and set a "neutral" rating for the company in a research note on Friday, April 11th. Finally, Barclays lowered their target price on TD SYNNEX from $148.00 to $125.00 and set an "equal weight" rating for the company in a report on Friday, March 28th. Three 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 has a consensus rating of "Moderate Buy" and an average target price of $137.22.

TD SYNNEX Stock Performance

NYSE:SNX traded up $2.75 during trading hours on Friday, hitting $114.59. 483,036 shares of the company were exchanged, compared to its average volume of 747,544. 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's 50 day moving average price is $115.81 and its 200-day moving average price is $123.28. The stock has a market capitalization of $9.62 billion, a price-to-earnings ratio of 14.40, a PEG ratio of 1.06 and a beta of 1.33. TD SYNNEX Co. has a 52-week low of $92.23 and a 52-week 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 for the quarter, missing analysts' consensus estimates of $2.87 by ($0.07). The business had revenue of $14.53 billion during the quarter, compared to analyst estimates of $14.79 billion. TD SYNNEX had a return on equity of 11.91% and a net margin of 1.18%. The firm's revenue was up 4.0% compared to the same quarter last year. During the same quarter in the previous year, the company earned $2.99 EPS. As a group, research analysts forecast that TD SYNNEX Co. will post 11.88 earnings per share for the current year.

TD SYNNEX Announces Dividend

The firm also recently declared a quarterly dividend, which was paid on Friday, April 25th. Investors of record on Friday, April 11th were issued a $0.44 dividend. The ex-dividend date was Friday, April 11th. This represents a $1.76 dividend on an annualized basis and a yield of 1.54%. TD SYNNEX's payout ratio is 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.