Pacer Advisors Inc. Buys 703,875 Shares of TD SYNNEX Co. (NYSE:SNX)

Pacer Advisors Inc. grew its stake in TD SYNNEX Co. (NYSE:SNX) by 34,368.9% during the 2nd quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission. The firm owned 705,923 shares of the business services provider’s stock after purchasing an additional 703,875 shares during the period. Pacer Advisors Inc. owned approximately 0.75% of TD SYNNEX worth $66,357,000 as of its most recent filing with the Securities and Exchange Commission.

Other large investors also recently modified their holdings of the company. Causeway Capital Management LLC grew its position in TD SYNNEX by 37.2% during the 1st quarter. Causeway Capital Management LLC now owns 505,856 shares of the business services provider’s stock worth $48,962,000 after acquiring an additional 137,081 shares during the last quarter. Credit Suisse AG grew its position in TD SYNNEX by 3.8% during the 1st quarter. Credit Suisse AG now owns 52,082 shares of the business services provider’s stock worth $5,041,000 after acquiring an additional 1,892 shares during the last quarter. Truist Financial Corp grew its position in TD SYNNEX by 4.9% during the 1st quarter. Truist Financial Corp now owns 4,543 shares of the business services provider’s stock worth $440,000 after acquiring an additional 214 shares during the last quarter. New Mexico Educational Retirement Board grew its position in TD SYNNEX by 16.9% during the 1st quarter. New Mexico Educational Retirement Board now owns 7,602 shares of the business services provider’s stock worth $736,000 after acquiring an additional 1,100 shares during the last quarter. Finally, Dimensional Fund Advisors LP grew its position in TD SYNNEX by 2.8% during the 1st quarter. Dimensional Fund Advisors LP now owns 1,779,581 shares of the business services provider’s stock worth $172,237,000 after acquiring an additional 48,839 shares during the last quarter. 84.00% of the stock is currently owned by institutional investors.

Analyst Ratings Changes

SNX has been the topic of a number of research analyst reports. Stifel Nicolaus increased their price target on TD SYNNEX from $110.00 to $120.00 and gave the stock a “buy” rating in a research report on Tuesday. Barrington Research lowered their price objective on TD SYNNEX from $120.00 to $115.00 in a research report on Wednesday, June 28th. Loop Capital cut their target price on shares of TD SYNNEX from $150.00 to $120.00 in a research report on Wednesday, July 5th. Royal Bank of Canada lowered their price target on shares of TD SYNNEX from $98.00 to $97.00 in a research report on Monday, July 10th. Finally, Credit Suisse Group cut their price objective on shares of TD SYNNEX from $106.00 to $90.00 in a report on Wednesday, June 28th. Five investment analysts have rated the stock with a hold rating, four have issued a buy rating and one has issued a strong buy rating to the company’s stock. According to MarketBeat.com, the company presently has an average rating of “Moderate Buy” and a consensus target price of $109.18.

Insider Transactions at TD SYNNEX

In other news, insider Dennis Polk sold 8,000 shares of TD SYNNEX stock in a transaction on Monday, July 3rd. The shares were sold at an average price of $92.60, for a total transaction of $740,800.00. Following the transaction, the insider now directly owns 132,402 shares of the company’s stock, valued at $12,260,425.20. The sale was disclosed in a legal filing with the SEC, which is available at the SEC website. In related news, major shareholder Apollo Management Holdings Gp, sold 2,300,000 shares of the business’s stock in a transaction on Tuesday, July 11th. The shares were sold at an average price of $94.50, for a total value of $217,350,000.00. Following the sale, the insider now directly owns 35,499,882 shares of the company’s stock, valued at approximately $3,354,738,849. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is available at this hyperlink. Also, insider Dennis Polk sold 8,000 shares of the business’s stock in a transaction on Monday, July 3rd. The shares were sold at an average price of $92.60, for a total transaction of $740,800.00. Following the completion of the sale, the insider now directly owns 132,402 shares in the company, valued at $12,260,425.20. The disclosure for this sale can be found here. Insiders have sold a total of 2,355,766 shares of company stock valued at $222,785,736 over the last three months. 1.70% of the stock is currently owned by corporate insiders.

TD SYNNEX Trading Up 1.0 %

SNX traded up $1.03 during trading on Tuesday, reaching $101.80. 68,400 shares of the company’s stock were exchanged, compared to its average volume of 425,845. The company’s fifty day moving average price is $99.18 and its 200-day moving average price is $94.64. The company has a debt-to-equity ratio of 0.46, a quick ratio of 0.76 and a current ratio of 1.30. TD SYNNEX Co. has a fifty-two week low of $78.86 and a fifty-two week high of $111.57. The firm has a market capitalization of $9.54 billion, a PE ratio of 14.36, a P/E/G ratio of 1.15 and a beta of 1.61.

TD SYNNEX (NYSE:SNX) last announced its quarterly earnings results on Tuesday, June 27th. The business services provider reported $2.43 earnings per share for the quarter, missing analysts’ consensus estimates of $2.55 by ($0.12). The firm had revenue of $14.06 billion for the quarter, compared to the consensus estimate of $14.42 billion. TD SYNNEX had a return on equity of 13.25% and a net margin of 1.10%. The company’s revenue for the quarter was down 7.9% compared to the same quarter last year. During the same period in the prior year, the business earned $2.66 earnings per share. As a group, equities analysts forecast that TD SYNNEX Co. will post 10.46 EPS for the current year.

TD SYNNEX Dividend Announcement

The company also recently declared a quarterly dividend, which was paid on Friday, July 28th. Stockholders of record on Friday, July 14th were given a dividend of $0.35 per share. The ex-dividend date was Thursday, July 13th. This represents a $1.40 dividend on an annualized basis and a dividend yield of 1.38%. TD SYNNEX’s dividend payout ratio is 19.94%.

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.