Insider Selling: TD SYNNEX Co. (NYSE:SNX) CFO Sells 910 Shares of Stock

TD SYNNEX Co. (NYSE:SNXGet Rating) CFO Marshall Witt sold 910 shares of the firm’s stock in a transaction dated Wednesday, June 15th. The stock was sold at an average price of $95.45, for a total value of $86,859.50. Following the transaction, the chief financial officer now owns 45,887 shares in the company, valued at approximately $4,379,914.15. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is available at this hyperlink.

Marshall Witt also recently made the following trade(s):

  • On Monday, May 16th, Marshall Witt sold 909 shares of TD SYNNEX stock. The shares were sold at an average price of $98.75, for a total value of $89,763.75.
  • On Monday, April 18th, Marshall Witt sold 909 shares of TD SYNNEX stock. The shares were sold at an average price of $100.30, for a total value of $91,172.70.

Shares of NYSE SNX traded down $7.09 during midday trading on Thursday, hitting $90.38. 9,329 shares of the stock traded hands, compared to its average volume of 340,034. The company has a debt-to-equity ratio of 0.49, a quick ratio of 0.73 and a current ratio of 1.25. The firm has a market capitalization of $8.69 billion, a P/E ratio of 15.72, a PEG ratio of 0.88 and a beta of 1.60. TD SYNNEX Co. has a one year low of $93.49 and a one year high of $130.93. The firm has a 50-day moving average of $100.51 and a two-hundred day moving average of $104.74.

TD SYNNEX (NYSE:SNXGet Rating) last announced its quarterly earnings data on Thursday, March 24th. The business services provider reported $2.98 earnings per share (EPS) for the quarter, topping the consensus estimate of $2.66 by $0.32. TD SYNNEX had a net margin of 1.04% and a return on equity of 14.87%. The business had revenue of $15.47 billion during the quarter, compared to the consensus estimate of $15.31 billion. During the same quarter last year, the firm earned $1.82 earnings per share. The firm’s quarterly revenue was up 213.2% compared to the same quarter last year. Equities analysts forecast that TD SYNNEX Co. will post 11 earnings per share for the current fiscal year.

The company also recently declared a quarterly dividend, which was paid on Friday, April 22nd. Stockholders of record on Monday, April 18th were paid a $0.30 dividend. The ex-dividend date was Thursday, April 14th. This represents a $1.20 annualized dividend and a dividend yield of 1.33%. TD SYNNEX’s dividend payout ratio (DPR) is 19.35%.

A number of brokerages recently commented on SNX. Raymond James lifted their price target on TD SYNNEX from $170.00 to $175.00 and gave the stock a “strong-buy” rating in a report on Friday, March 25th. StockNews.com initiated coverage on TD SYNNEX in a research report on Thursday, March 31st. They issued a “hold” rating for the company. Finally, Stifel Nicolaus raised TD SYNNEX from a “hold” rating to a “buy” rating and set a $125.00 target price for the company in a research report on Thursday, April 14th. One investment analyst has rated the stock with a hold rating, six have issued a buy rating and one has given a strong buy rating to the stock. According to data from MarketBeat, the stock has a consensus rating of “Buy” and an average target price of $146.86.

Several institutional investors have recently bought and sold shares of the company. Point72 Hong Kong Ltd acquired a new stake in shares of TD SYNNEX in the 3rd quarter worth $33,000. Prospera Financial Services Inc acquired a new position in TD SYNNEX during the first quarter valued at approximately $35,000. CWM LLC acquired a new position in TD SYNNEX during the fourth quarter valued at approximately $38,000. Meeder Asset Management Inc. lifted its position in TD SYNNEX by 619.2% during the first quarter. Meeder Asset Management Inc. now owns 374 shares of the business services provider’s stock valued at $39,000 after buying an additional 322 shares in the last quarter. Finally, Covestor Ltd acquired a new position in TD SYNNEX during the fourth quarter valued at approximately $42,000. 85.54% of the stock is owned by institutional investors and hedge funds.

TD SYNNEX Company Profile (Get Rating)

TD SYNNEX Corporation provides business process services in the United States and internationally. The company distributes PC systems, mobile phones and accessories, printers, peripherals, supplies, endpoint technology software, consumer electronics, information technology (IT) systems including data center server and storage solutions, system components, software, networking, communications and security equipment, consumer electronics, and complementary products.

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