Merline Saintil Sells 117 Shares of TD SYNNEX Co. (NYSE:SNX) Stock

TD SYNNEX Co. (NYSE:SNX) Director Merline Saintil sold 117 shares of the business’s stock in a transaction that occurred on Wednesday, December 4th. The shares were sold at an average price of $122.51, for a total transaction of $14,333.67. Following the completion of the sale, the director now owns 5,748 shares of the company’s stock, valued at approximately $704,187.48. The trade was a 1.99 % decrease in their ownership of the stock. The transaction was disclosed in a document filed with the SEC, which is available through this hyperlink.

TD SYNNEX Stock Down 1.3 %

Shares of SNX stock traded down $1.62 during mid-day trading on Thursday, reaching $122.04. 431,724 shares of the company were exchanged, compared to its average volume of 769,542. TD SYNNEX Co. has a fifty-two week low of $97.13 and a fifty-two week high of $133.85. The company has a debt-to-equity ratio of 0.46, a quick ratio of 0.77 and a current ratio of 1.25. The company has a market capitalization of $10.38 billion, a P/E ratio of 16.01, a P/E/G ratio of 1.14 and a beta of 1.47. The business’s 50 day simple moving average is $119.51 and its 200 day simple moving average is $119.55.

TD SYNNEX (NYSE:SNX) last announced 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 firm had revenue of $14.68 billion during the quarter, compared to analyst estimates of $14.11 billion. During the same period in the previous year, the company earned $2.71 earnings per share. TD SYNNEX’s quarterly revenue was up 5.2% on a year-over-year basis. Research analysts predict that TD SYNNEX Co. will post 11.03 earnings per share for the current year.

TD SYNNEX Announces Dividend

The firm also recently disclosed a quarterly dividend, which was paid on Friday, October 25th. Shareholders of record on Friday, October 11th were issued a $0.40 dividend. This represents a $1.60 dividend on an annualized basis and a yield of 1.31%. The ex-dividend date was Friday, October 11th. TD SYNNEX’s dividend payout ratio is presently 20.70%.

Institutional Investors Weigh In On TD SYNNEX

Several institutional investors and hedge funds have recently bought and sold shares of SNX. Hancock Whitney Corp lifted its position in TD SYNNEX by 57.9% in the 2nd quarter. Hancock Whitney Corp now owns 16,929 shares of the business services provider’s stock valued at $1,954,000 after purchasing an additional 6,207 shares during the last quarter. Wedge Capital Management L L P NC raised its stake in shares of TD SYNNEX by 20.3% during the second quarter. Wedge Capital Management L L P NC now owns 31,146 shares of the business services provider’s stock valued at $3,594,000 after purchasing an additional 5,252 shares in the last quarter. Friedenthal Financial bought a new position in TD SYNNEX in the 2nd quarter valued at about $967,000. ClariVest Asset Management LLC raised its position in shares of TD SYNNEX by 45,552.8% during the 2nd quarter. ClariVest Asset Management LLC now owns 16,435 shares of the business services provider’s stock worth $1,897,000 after buying an additional 16,399 shares in the last quarter. Finally, Pathstone Holdings LLC lifted its stake in shares of TD SYNNEX by 45.2% in the 3rd quarter. Pathstone Holdings LLC now owns 18,300 shares of the business services provider’s stock worth $2,197,000 after acquiring an additional 5,698 shares during the period. Institutional investors and hedge funds own 84.00% of the company’s stock.

Wall Street Analyst Weigh In

Several research analysts recently weighed in on the company. StockNews.com raised TD SYNNEX from a “hold” rating to a “buy” rating in a research report on Friday, August 16th. Loop Capital reaffirmed a “buy” rating and set a $150.00 price target on shares of TD SYNNEX in a research report on Monday, October 7th. Royal Bank of Canada reissued an “outperform” rating and issued a $140.00 target price on shares of TD SYNNEX in a research note on Friday, September 27th. Barclays lifted their target price on shares of TD SYNNEX from $131.00 to $132.00 and gave the company an “equal weight” rating in a report on Friday, September 27th. Finally, Barrington Research reiterated an “outperform” rating and set a $138.00 target price on shares of TD SYNNEX in a report on Monday, September 23rd. Three equities research analysts have rated the stock with a hold rating and six have assigned a buy rating to the stock. Based on data from MarketBeat.com, the company presently has a consensus rating of “Moderate Buy” and a consensus target price of $134.75.

About TD SYNNEX

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.