Insider Selling: TD SYNNEX Co. (NYSE:SNX) Insider Sells 8,000 Shares of Stock

TD SYNNEX Co. (NYSE:SNXGet Rating) insider Dennis Polk sold 8,000 shares of TD SYNNEX stock in a transaction on Tuesday, August 2nd. The shares were sold at an average price of $100.09, for a total value of $800,720.00. Following the sale, the insider now directly owns 151,153 shares of the company’s stock, valued at approximately $15,128,903.77. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is available at this hyperlink.

Dennis Polk also recently made the following trade(s):

  • On Friday, July 1st, Dennis Polk sold 4,000 shares of TD SYNNEX stock. The shares were sold at an average price of $92.03, for a total value of $368,120.00.
  • On Wednesday, June 1st, Dennis Polk sold 1,300 shares of TD SYNNEX stock. The shares were sold at an average price of $101.81, for a total value of $132,353.00.

TD SYNNEX Trading Down 0.1 %

TD SYNNEX stock opened at $101.96 on Friday. The company has a debt-to-equity ratio of 0.49, a quick ratio of 0.69 and a current ratio of 1.26. The business’s 50-day simple moving average is $96.61 and its 200-day simple moving average is $100.87. The firm has a market capitalization of $9.77 billion, a PE ratio of 17.08, a PEG ratio of 0.97 and a beta of 1.58. TD SYNNEX Co. has a 52 week low of $88.21 and a 52 week high of $130.93.

TD SYNNEX (NYSE:SNXGet Rating) last posted its quarterly earnings data on Tuesday, June 28th. The business services provider reported $2.66 EPS for the quarter, topping analysts’ consensus estimates of $2.52 by $0.14. The business had revenue of $15.27 billion for the quarter, compared to analyst estimates of $15.25 billion. TD SYNNEX had a return on equity of 13.95% and a net margin of 0.96%. The firm’s revenue for the quarter was up 160.7% on a year-over-year basis. During the same period in the previous year, the company posted $2.00 earnings per share. Equities research analysts forecast that TD SYNNEX Co. will post 11.31 earnings per share for the current year.

TD SYNNEX Announces Dividend

The company also recently declared a quarterly dividend, which was paid on Friday, July 29th. Investors of record on Friday, July 15th were paid a dividend of $0.30 per share. The ex-dividend date of this dividend was Thursday, July 14th. This represents a $1.20 annualized dividend and a yield of 1.18%. TD SYNNEX’s dividend payout ratio is 20.10%.

Analyst Upgrades and Downgrades

A number of analysts recently issued reports on the company. Barrington Research reduced their price objective on TD SYNNEX from $128.00 to $106.00 and set an “outperform” rating for the company in a research report on Friday, July 1st. JPMorgan Chase & Co. initiated coverage on TD SYNNEX in a research report on Thursday, July 14th. They set an “overweight” rating and a $119.00 price objective for the company. TheStreet lowered TD SYNNEX from a “b-” rating to a “c+” rating in a report on Tuesday, July 5th. Citigroup cut their target price on TD SYNNEX from $165.00 to $150.00 and set a “buy” rating on the stock in a report on Wednesday, June 29th. Finally, Stifel Nicolaus upgraded TD SYNNEX from a “hold” rating to a “buy” rating and set a $125.00 target price on the stock in a report on Thursday, April 14th. One investment analyst has rated the stock with a hold rating, seven have given a buy rating and one has issued a strong buy rating to the stock. Based on data from MarketBeat, TD SYNNEX has a consensus rating of “Buy” and a consensus target price of $138.75.

Hedge Funds Weigh In On TD SYNNEX

Institutional investors and hedge funds have recently added to or reduced their stakes in the company. CWM LLC bought a new position in TD SYNNEX during the fourth quarter valued at about $38,000. Prospera Financial Services Inc bought a new position in TD SYNNEX during the first quarter valued at about $35,000. Covestor Ltd bought a new position in TD SYNNEX during the fourth quarter valued at about $42,000. Meeder Asset Management Inc. increased its stake 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 acquiring an additional 322 shares during the period. Finally, Ellevest Inc. boosted its holdings in TD SYNNEX by 902.5% during the second quarter. Ellevest Inc. now owns 401 shares of the business services provider’s stock valued at $37,000 after purchasing an additional 361 shares in the last quarter. 85.54% of the stock is currently owned by institutional investors.

About TD SYNNEX

(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.

See Also

Insider Buying and Selling by Quarter for TD SYNNEX (NYSE:SNX)

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