Quadrature Capital Ltd Buys Shares of 12,081 TD SYNNEX Co. (NYSE:SNX)

Quadrature Capital Ltd purchased a new position in TD SYNNEX Co. (NYSE:SNXFree Report) during the 4th quarter, according to the company in its most recent Form 13F filing with the SEC. The firm purchased 12,081 shares of the business services provider’s stock, valued at approximately $1,300,000.

Other institutional investors have also recently added to or reduced their stakes in the company. Swiss National Bank grew its position in shares of TD SYNNEX by 10.3% during the third quarter. Swiss National Bank now owns 113,285 shares of the business services provider’s stock worth $11,313,000 after acquiring an additional 10,600 shares during the last quarter. Janney Montgomery Scott LLC increased its stake in shares of TD SYNNEX by 13.3% in the third quarter. Janney Montgomery Scott LLC now owns 6,748 shares of the business services provider’s stock valued at $674,000 after purchasing an additional 794 shares during the period. Charles Schwab Investment Management Inc. raised its holdings in shares of TD SYNNEX by 14.1% during the third quarter. Charles Schwab Investment Management Inc. now owns 297,600 shares of the business services provider’s stock valued at $29,718,000 after buying an additional 36,815 shares during the last quarter. Vanguard Personalized Indexing Management LLC boosted its position in shares of TD SYNNEX by 17.0% during the third quarter. Vanguard Personalized Indexing Management LLC now owns 10,072 shares of the business services provider’s stock worth $1,006,000 after buying an additional 1,466 shares during the period. Finally, HighTower Advisors LLC grew its holdings in TD SYNNEX by 5.0% in the 3rd quarter. HighTower Advisors LLC now owns 109,221 shares of the business services provider’s stock worth $10,853,000 after buying an additional 5,167 shares in the last quarter. 84.00% of the stock is currently owned by institutional investors.

Insider Buying and Selling at TD SYNNEX

In other TD SYNNEX news, insider Dennis Polk sold 20,000 shares of the company’s stock in a transaction dated Monday, April 8th. The shares were sold at an average price of $118.10, for a total transaction of $2,362,000.00. Following the completion of the sale, the insider now directly owns 134,706 shares of the company’s stock, valued at $15,908,778.60. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is available through this link. In other news, CEO Richard T. Hume sold 10,000 shares of the stock in a transaction that occurred on Wednesday, May 1st. The shares were sold at an average price of $115.79, for a total value of $1,157,900.00. Following the completion of the sale, the chief executive officer now directly owns 219,363 shares of the company’s stock, valued at $25,400,041.77. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is available through the SEC website. Also, insider Dennis Polk sold 20,000 shares of the stock in a transaction that occurred on Monday, April 8th. The stock was sold at an average price of $118.10, for a total transaction of $2,362,000.00. Following the completion of the sale, the insider now directly owns 134,706 shares of the company’s stock, valued at $15,908,778.60. The disclosure for this sale can be found here. Insiders own 1.90% of the company’s stock.

Analyst Upgrades and Downgrades

A number of equities analysts recently issued reports on the company. Bank of America increased their price objective on TD SYNNEX from $120.00 to $140.00 and gave the stock a “buy” rating in a report on Tuesday, April 2nd. Barclays increased their price objective on TD SYNNEX from $111.00 to $118.00 and gave the stock an “equal weight” rating in a report on Wednesday, March 27th. Cfra increased their price objective on TD SYNNEX from $110.00 to $113.00 and gave the stock a “hold” rating in a report on Tuesday, March 26th. UBS Group raised TD SYNNEX from a “neutral” rating to a “buy” rating and increased their price objective for the stock from $115.00 to $145.00 in a report on Tuesday, April 16th. Finally, JPMorgan Chase & Co. increased their price objective on TD SYNNEX from $113.00 to $126.00 and gave the stock a “neutral” rating in a report on Monday, April 1st. Four investment analysts have rated the stock with a hold rating and six have given a buy rating to the company. Based on data from MarketBeat.com, the company currently has a consensus rating of “Moderate Buy” and a consensus price target of $121.82.

Check Out Our Latest Analysis on SNX

TD SYNNEX Stock Performance

NYSE:SNX opened at $130.61 on Tuesday. TD SYNNEX Co. has a twelve month low of $87.68 and a twelve month high of $132.06. The company has a current ratio of 1.22, a quick ratio of 0.75 and a debt-to-equity ratio of 0.38. The company has a 50-day moving average of $121.19 and a 200-day moving average of $109.84. The firm has a market cap of $11.64 billion, a price-to-earnings ratio of 18.96, a price-to-earnings-growth ratio of 1.25 and a beta of 1.55.

TD SYNNEX (NYSE:SNXGet Free Report) last posted its quarterly earnings data on Tuesday, March 26th. The business services provider reported $2.83 earnings per share for the quarter, beating the consensus estimate of $2.71 by $0.12. TD SYNNEX had a net margin of 1.12% and a return on equity of 12.16%. The company had revenue of $13.98 billion during the quarter, compared to analyst estimates of $14.37 billion. Analysts forecast that TD SYNNEX Co. will post 11.38 earnings per share for the current fiscal year.

TD SYNNEX Dividend Announcement

The company also recently disclosed a quarterly dividend, which was paid on Friday, April 26th. Shareholders of record on Friday, April 12th were paid a dividend of $0.40 per share. This represents a $1.60 dividend on an annualized basis and a yield of 1.23%. The ex-dividend date was Thursday, April 11th. TD SYNNEX’s dividend payout ratio is presently 23.22%.

TD SYNNEX Company Profile

(Free Report)

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.

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

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