LGT Financial Advisors LLC Sells 253 Shares of TD SYNNEX Co. (NYSE:SNX)

LGT Financial Advisors LLC lessened its holdings in shares of TD SYNNEX Co. (NYSE:SNX) by 45.1% during the 3rd quarter, according to its most recent disclosure with the SEC. The fund owned 308 shares of the business services provider’s stock after selling 253 shares during the period. LGT Financial Advisors LLC’s holdings in TD SYNNEX were worth $37,000 at the end of the most recent reporting period.

A number of other hedge funds and other institutional investors also recently made changes to their positions in SNX. Wealth Enhancement Advisory Services LLC increased its position in TD SYNNEX by 9.1% in the 1st quarter. Wealth Enhancement Advisory Services LLC now owns 6,571 shares of the business services provider’s stock valued at $743,000 after acquiring an additional 548 shares in the last quarter. BNP Paribas Financial Markets lifted its holdings in TD SYNNEX by 70.4% during the 1st quarter. BNP Paribas Financial Markets now owns 29,735 shares of the business services provider’s stock worth $3,363,000 after buying an additional 12,289 shares in the last quarter. Janney Montgomery Scott LLC bought a new position in TD SYNNEX in the 1st quarter valued at $1,008,000. Daiwa Securities Group Inc. acquired a new stake in shares of TD SYNNEX in the 1st quarter valued at $68,000. Finally, Mutual of America Capital Management LLC raised its position in shares of TD SYNNEX by 7.6% during the first quarter. Mutual of America Capital Management LLC now owns 33,988 shares of the business services provider’s stock worth $3,844,000 after acquiring an additional 2,405 shares during the last quarter. 84.00% of the stock is currently owned by institutional investors and hedge funds.

Insider Activity at TD SYNNEX

In other TD SYNNEX news, Director Richard T. Hume sold 20,000 shares of the stock in a transaction dated Wednesday, October 16th. The stock was sold at an average price of $120.72, for a total transaction of $2,414,400.00. Following the completion of the transaction, the director now owns 171,080 shares in the company, valued at approximately $20,652,777.60. This represents a 0.00 % decrease in their position. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is accessible through this link. In other news, insider Dennis Polk sold 15,689 shares of the business’s stock in a transaction on Wednesday, October 2nd. The shares were sold at an average price of $116.93, for a total value of $1,834,514.77. Following the sale, the insider now owns 134,706 shares of the company’s stock, valued at $15,751,172.58. The trade was a 0.00 % decrease in their ownership of the stock. The sale was disclosed in a document filed with the SEC, which can be accessed through the SEC website. Also, Director Richard T. Hume sold 20,000 shares of the firm’s stock in a transaction on Wednesday, October 16th. The shares were sold at an average price of $120.72, for a total transaction of $2,414,400.00. Following the completion of the transaction, the director now directly owns 171,080 shares of the company’s stock, valued at approximately $20,652,777.60. This trade represents a 0.00 % decrease in their position. The disclosure for this sale can be found here. In the last ninety days, insiders have sold 63,396 shares of company stock valued at $7,644,640. 1.90% of the stock is owned by corporate insiders.

TD SYNNEX Stock Performance

Shares of TD SYNNEX stock opened at $123.85 on Thursday. The stock’s fifty day simple moving average is $117.90 and its 200 day simple moving average is $119.56. The company has a current ratio of 1.25, a quick ratio of 0.77 and a debt-to-equity ratio of 0.46. The company has a market capitalization of $10.54 billion, a PE ratio of 16.02, a PEG ratio of 1.17 and a beta of 1.48. TD SYNNEX Co. has a 12 month low of $92.66 and a 12 month high of $133.85.

TD SYNNEX (NYSE:SNX) last released its quarterly earnings data on Thursday, September 26th. The business services provider reported $2.86 earnings per share for the quarter, beating the consensus estimate of $2.80 by $0.06. TD SYNNEX had a return on equity of 12.15% and a net margin of 1.20%. The business had revenue of $14.68 billion for the quarter, compared to analysts’ expectations of $14.11 billion. During the same quarter in the previous year, the business posted $2.71 EPS. TD SYNNEX’s revenue for the quarter was up 5.2% on a year-over-year basis. On average, research analysts predict that TD SYNNEX Co. will post 11.03 EPS for the current year.

TD SYNNEX Announces Dividend

The business also recently disclosed a quarterly dividend, which was paid on Friday, October 25th. Investors of record on Friday, October 11th were issued a dividend of $0.40 per share. The ex-dividend date of this dividend was Friday, October 11th. This represents a $1.60 dividend on an annualized basis and a dividend yield of 1.29%. TD SYNNEX’s payout ratio is 20.70%.

Analysts Set New Price Targets

A number of brokerages recently commented on SNX. Barrington Research reiterated an “outperform” rating and issued a $138.00 price objective on shares of TD SYNNEX in a research report on Monday, September 23rd. StockNews.com raised shares of TD SYNNEX from a “hold” rating to a “buy” rating in a research note on Friday, August 16th. Royal Bank of Canada reiterated an “outperform” rating and set a $140.00 target price on shares of TD SYNNEX in a research report on Friday, September 27th. Loop Capital restated a “buy” rating and issued a $150.00 price target on shares of TD SYNNEX in a research report on Monday, October 7th. Finally, Barclays upped their price objective on TD SYNNEX from $131.00 to $132.00 and gave the company an “equal weight” rating in a report on Friday, September 27th. Three investment analysts have rated the stock with a hold rating and six have assigned a buy rating to the stock. According to MarketBeat.com, the stock has an average rating of “Moderate Buy” and a consensus target price of $134.75.

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.