TD SYNNEX Co. (NYSE:SNX) Shares Purchased by California Public Employees Retirement System

California Public Employees Retirement System grew its holdings in shares of TD SYNNEX Co. (NYSE:SNX) by 22.3% in the fourth quarter, according to its most recent filing with the Securities and Exchange Commission (SEC). The fund owned 259,404 shares of the business services provider’s stock after buying an additional 47,276 shares during the period. California Public Employees Retirement System owned 0.29% of TD SYNNEX worth $27,914,000 as of its most recent filing with the Securities and Exchange Commission (SEC).

A number of other institutional investors also recently bought and sold shares of the business. Cetera Trust Company N.A purchased a new stake in TD SYNNEX during the 4th quarter worth about $281,000. Xponance Inc. lifted its holdings in TD SYNNEX by 15.6% during the 4th quarter. Xponance Inc. now owns 7,304 shares of the business services provider’s stock worth $786,000 after buying an additional 988 shares during the last quarter. Zurcher Kantonalbank Zurich Cantonalbank lifted its holdings in TD SYNNEX by 34.5% during the 4th quarter. Zurcher Kantonalbank Zurich Cantonalbank now owns 11,096 shares of the business services provider’s stock worth $1,194,000 after buying an additional 2,847 shares during the last quarter. Mackenzie Financial Corp lifted its holdings in TD SYNNEX by 9.9% during the 4th quarter. Mackenzie Financial Corp now owns 7,002 shares of the business services provider’s stock worth $753,000 after buying an additional 628 shares during the last quarter. Finally, Lecap Asset Management Ltd. purchased a new stake in TD SYNNEX during the 4th quarter worth about $467,000. 84.00% of the stock is owned by hedge funds and other institutional investors.

Insider Buying and Selling

In related news, CEO Richard T. Hume sold 10,000 shares of the stock in a transaction on Monday, March 4th. The stock was sold at an average price of $105.57, for a total value of $1,055,700.00. Following the transaction, the chief executive officer now directly owns 229,363 shares of the company’s stock, valued at approximately $24,213,851.91. The sale was disclosed in a filing with the Securities & Exchange Commission, which is available at this link. In related news, insider Dennis Polk sold 20,000 shares of the stock in a transaction on Monday, April 8th. The stock was sold at an average price of $118.10, for a total value of $2,362,000.00. Following the completion of the sale, the insider now directly owns 134,706 shares in the company, valued at approximately $15,908,778.60. The sale was disclosed in a legal filing with the SEC, which can be accessed through the SEC website. Also, CEO Richard T. Hume sold 10,000 shares of the stock in a transaction on Monday, March 4th. The shares were sold at an average price of $105.57, for a total value of $1,055,700.00. Following the completion of the sale, the chief executive officer now owns 229,363 shares of the company’s stock, valued at $24,213,851.91. The disclosure for this sale can be found here. Corporate insiders own 1.90% of the company’s stock.

Wall Street Analyst Weigh In

SNX has been the subject of a number of recent analyst reports. Royal Bank of Canada reaffirmed a “sector perform” rating and set a $118.00 price target (up from $110.00) on shares of TD SYNNEX in a report on Wednesday, March 27th. Barclays upped their price objective on TD SYNNEX from $111.00 to $118.00 and gave the company an “equal weight” rating in a research note on Wednesday, March 27th. Cfra boosted their target price on TD SYNNEX from $110.00 to $113.00 and gave the stock a “hold” rating in a research report on Tuesday, March 26th. JPMorgan Chase & Co. boosted their target price on TD SYNNEX from $113.00 to $126.00 and gave the stock a “neutral” rating in a research report on Monday, April 1st. Finally, UBS Group upgraded TD SYNNEX from a “neutral” rating to a “buy” rating and upped their price target for the stock from $115.00 to $145.00 in a report on Tuesday, April 16th. Four analysts have rated the stock with a hold rating and six have issued a buy rating to the company’s stock. According to MarketBeat, TD SYNNEX presently has an average rating of “Moderate Buy” and an average price target of $121.82.

TD SYNNEX Trading Up 0.1 %

Shares of TD SYNNEX stock opened at $117.44 on Friday. TD SYNNEX Co. has a fifty-two week low of $86.30 and a fifty-two week high of $119.87. The firm has a market cap of $10.46 billion, a PE ratio of 17.05, a P/E/G ratio of 1.10 and a beta of 1.64. The business’s fifty day moving average is $109.12 and its two-hundred day moving average is $103.30. The company has a quick ratio of 0.75, a current ratio of 1.22 and a debt-to-equity ratio of 0.38.

TD SYNNEX (NYSE:SNX) last issued its quarterly earnings results on Tuesday, March 26th. The business services provider reported $2.83 earnings per share for the quarter, topping analysts’ consensus estimates of $2.71 by $0.12. TD SYNNEX had a return on equity of 12.16% and a net margin of 1.12%. The company had revenue of $13.98 billion for the quarter, compared to analyst estimates of $14.37 billion. Analysts anticipate that TD SYNNEX Co. will post 11.38 earnings per share for the current year.

TD SYNNEX Announces Dividend

The company also recently announced a quarterly dividend, which was paid on Friday, April 26th. Investors of record on Friday, April 12th were given a $0.40 dividend. This represents a $1.60 annualized dividend and a dividend yield of 1.36%. The ex-dividend date of this dividend was Thursday, April 11th. TD SYNNEX’s dividend payout ratio (DPR) is currently 23.22%.

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.