California Public Employees Retirement System Has $7.51 Million Stock Holdings in TD SYNNEX Co. (NYSE:SNX)

California Public Employees Retirement System decreased its holdings in shares of TD SYNNEX Co. (NYSE:SNXGet Rating) by 10.3% during the 2nd quarter, according to the company in its most recent Form 13F filing with the Securities and Exchange Commission. The fund owned 82,432 shares of the business services provider’s stock after selling 9,456 shares during the period. California Public Employees Retirement System’s holdings in TD SYNNEX were worth $7,510,000 as of its most recent SEC filing.

Several other institutional investors have also recently made changes to their positions in the company. Vanguard Group Inc. grew its stake in shares of TD SYNNEX by 1.5% in the 1st quarter. Vanguard Group Inc. now owns 4,081,297 shares of the business services provider’s stock worth $421,231,000 after acquiring an additional 59,152 shares in the last quarter. BlackRock Inc. grew its stake in shares of TD SYNNEX by 1.9% in the 1st quarter. BlackRock Inc. now owns 3,527,856 shares of the business services provider’s stock worth $364,110,000 after acquiring an additional 64,861 shares in the last quarter. Dimensional Fund Advisors LP grew its stake in shares of TD SYNNEX by 3.2% in the 1st quarter. Dimensional Fund Advisors LP now owns 1,477,320 shares of the business services provider’s stock worth $152,476,000 after acquiring an additional 45,442 shares in the last quarter. River Road Asset Management LLC grew its stake in shares of TD SYNNEX by 8,059.6% in the 2nd quarter. River Road Asset Management LLC now owns 1,379,617 shares of the business services provider’s stock worth $125,683,000 after acquiring an additional 1,362,709 shares in the last quarter. Finally, State Street Corp grew its stake in shares of TD SYNNEX by 5.0% in the 1st quarter. State Street Corp now owns 1,156,724 shares of the business services provider’s stock worth $119,385,000 after acquiring an additional 54,894 shares in the last quarter. Institutional investors own 86.01% of the company’s stock.

Insider Buying and Selling at TD SYNNEX

In other TD SYNNEX news, CFO Marshall Witt sold 910 shares of the stock in a transaction that occurred on Thursday, September 15th. The shares were sold at an average price of $91.87, for a total transaction of $83,601.70. Following the transaction, the chief financial officer now directly owns 45,887 shares in the company, valued at $4,215,638.69. The sale was disclosed in a document filed with the Securities & Exchange Commission, which can be accessed through this hyperlink. In other TD SYNNEX news, insider Patrick Zammit sold 5,000 shares of the firm’s stock in a transaction on Thursday, November 10th. The stock was sold at an average price of $96.00, for a total transaction of $480,000.00. Following the completion of the transaction, the insider now owns 101,463 shares of the company’s stock, valued at $9,740,448. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is accessible through this link. Also, CFO Marshall Witt sold 910 shares of TD SYNNEX stock in a transaction dated Thursday, September 15th. The stock was sold at an average price of $91.87, for a total value of $83,601.70. Following the completion of the transaction, the chief financial officer now directly owns 45,887 shares of the company’s stock, valued at approximately $4,215,638.69. The disclosure for this sale can be found here. Insiders have sold 20,131 shares of company stock worth $1,853,333 over the last ninety days. Insiders own 1.60% of the company’s stock.

TD SYNNEX Trading Up 1.0 %

Shares of TD SYNNEX stock opened at $102.79 on Thursday. TD SYNNEX Co. has a 12-month low of $78.86 and a 12-month high of $119.30. The company has a market cap of $9.82 billion, a price-to-earnings ratio of 18.00, a PEG ratio of 0.96 and a beta of 1.57. The company has a current ratio of 1.25, a quick ratio of 0.64 and a debt-to-equity ratio of 0.50. The company’s 50-day moving average price is $90.13 and its 200-day moving average price is $94.99.

TD SYNNEX (NYSE:SNXGet Rating) last announced its quarterly earnings results on Tuesday, September 27th. The business services provider reported $2.74 earnings per share (EPS) for the quarter, topping analysts’ consensus estimates of $2.73 by $0.01. TD SYNNEX had a net margin of 0.89% and a return on equity of 13.47%. The firm had revenue of $15.36 billion for the quarter, compared to the consensus estimate of $15.04 billion. During the same period in the prior year, the firm posted $2.05 earnings per share. The company’s revenue for the quarter was up 194.9% on a year-over-year basis. On average, equities analysts expect that TD SYNNEX Co. will post 11.17 earnings per share for the current fiscal year.

TD SYNNEX Dividend Announcement

The business also recently announced a quarterly dividend, which was paid on Friday, October 28th. Investors of record on Friday, October 14th were paid a $0.30 dividend. This represents a $1.20 dividend on an annualized basis and a yield of 1.17%. The ex-dividend date of this dividend was Thursday, October 13th. TD SYNNEX’s dividend payout ratio is currently 21.02%.

Analysts Set New Price Targets

Several analysts have recently issued reports on SNX shares. Cfra reduced their target price on shares of TD SYNNEX from $140.00 to $120.00 and set a “buy” rating for the company in a research note on Tuesday, September 27th. TheStreet lowered shares of TD SYNNEX from a “b-” rating to a “c+” rating in a research report on Friday, September 23rd. Stifel Nicolaus reduced their price target on shares of TD SYNNEX from $125.00 to $120.00 in a research report on Tuesday, September 27th. Credit Suisse Group reduced their price target on shares of TD SYNNEX from $110.00 to $103.00 and set a “neutral” rating for the company in a research report on Tuesday, September 27th. Finally, StockNews.com started coverage on shares of TD SYNNEX in a research report on Wednesday, October 12th. They set a “hold” rating for the company. Three investment analysts have rated the stock with a hold rating, seven have given a buy rating and one has assigned a strong buy rating to the company’s stock. According to data from MarketBeat.com, TD SYNNEX presently has an average rating of “Moderate Buy” and an average target price of $125.45.

TD SYNNEX Profile

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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

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Institutional Ownership by Quarter for TD SYNNEX (NYSE:SNX)

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