Pacer Advisors Inc. bought a new stake in TD SYNNEX Co. (NYSE:SNX – Get Rating) during the 4th quarter, according to its most recent 13F filing with the Securities and Exchange Commission. The firm bought 10,372 shares of the business services provider’s stock, valued at approximately $982,000.
Several other large investors have also recently added to or reduced their stakes in SNX. BlackRock Inc. increased its position in TD SYNNEX by 6.0% in the 3rd quarter. BlackRock Inc. now owns 3,732,192 shares of the business services provider’s stock valued at $303,018,000 after acquiring an additional 211,608 shares during the period. GMT Capital Corp increased its position in TD SYNNEX by 78.8% in the 4th quarter. GMT Capital Corp now owns 420,800 shares of the business services provider’s stock valued at $39,854,000 after acquiring an additional 185,400 shares during the period. Charles Schwab Investment Management Inc. boosted its stake in TD SYNNEX by 38.1% during the 1st quarter. Charles Schwab Investment Management Inc. now owns 483,464 shares of the business services provider’s stock valued at $49,899,000 after purchasing an additional 133,469 shares in the last quarter. Vanguard Group Inc. boosted its stake in TD SYNNEX by 2.0% during the 3rd quarter. Vanguard Group Inc. now owns 4,215,710 shares of the business services provider’s stock valued at $342,274,000 after purchasing an additional 84,548 shares in the last quarter. Finally, Bank of America Corp DE boosted its stake in TD SYNNEX by 58.0% during the 1st quarter. Bank of America Corp DE now owns 184,551 shares of the business services provider’s stock valued at $19,048,000 after purchasing an additional 67,782 shares in the last quarter. 84.70% of the stock is currently owned by institutional investors and hedge funds.
Insider Activity at TD SYNNEX
In related news, insider Simon Leung sold 10,174 shares of TD SYNNEX stock in a transaction on Friday, April 28th. The stock was sold at an average price of $88.47, for a total transaction of $900,093.78. Following the completion of the sale, the insider now owns 32,931 shares of the company’s stock, valued at $2,913,405.57. The transaction was disclosed in a legal filing with the SEC, which is available through the SEC website. In related news, insider Simon Leung sold 10,174 shares of TD SYNNEX stock in a transaction on Friday, April 28th. The stock was sold at an average price of $88.47, for a total transaction of $900,093.78. Following the completion of the sale, the insider now owns 32,931 shares of the company’s stock, valued at $2,913,405.57. The transaction was disclosed in a legal filing with the SEC, which is available through the SEC website. Also, Director Ann F. Vezina sold 1,618 shares of TD SYNNEX stock in a transaction on Tuesday, April 18th. The shares were sold at an average price of $95.51, for a total value of $154,535.18. Following the sale, the director now directly owns 6,068 shares of the company’s stock, valued at approximately $579,554.68. The disclosure for this sale can be found here. Over the last 90 days, insiders sold 38,080 shares of company stock valued at $3,668,987. Insiders own 1.70% of the company’s stock.
Analysts Set New Price Targets
TD SYNNEX Stock Performance
Shares of SNX stock opened at $89.57 on Tuesday. TD SYNNEX Co. has a 1-year low of $78.86 and a 1-year high of $111.57. The company has a current ratio of 1.26, a quick ratio of 0.73 and a debt-to-equity ratio of 0.47. The company has a market capitalization of $8.45 billion, a price-to-earnings ratio of 12.51, a P/E/G ratio of 0.91 and a beta of 1.64. The stock’s fifty day simple moving average is $93.15 and its 200-day simple moving average is $96.74.
TD SYNNEX (NYSE:SNX – Get Rating) last issued its quarterly earnings results on Tuesday, March 28th. The business services provider reported $2.82 earnings per share for the quarter, beating analysts’ consensus estimates of $2.74 by $0.08. TD SYNNEX had a return on equity of 13.80% and a net margin of 1.11%. The business had revenue of $15.13 billion for the quarter, compared to the consensus estimate of $15.74 billion. On average, sell-side analysts predict that TD SYNNEX Co. will post 10.96 earnings per share for the current fiscal year.
TD SYNNEX Announces Dividend
The company also recently disclosed a quarterly dividend, which was paid on Friday, April 28th. Investors of record on Friday, April 14th were given a dividend of $0.35 per share. The ex-dividend date of this dividend was Thursday, April 13th. This represents a $1.40 dividend on an annualized basis and a yield of 1.56%. TD SYNNEX’s payout ratio is 19.55%.
About TD SYNNEX
TD SYNNEX Corp. engages in the distribution and aggregation of solutions in the information technology ecosystem. It operates through the following geographical segments: Americas, Europe, and Asia-Pacific and Japan. The firm offers IT hardware, software, and systems including personal computing devices and peripherals, mobile phones and accessories, printers, server and datacenter infrastructure, hybrid cloud, security, networking, communications and storage solutions, and system components.
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