Keeley Teton Advisors LLC Has $2.37 Million Stock Position in TD SYNNEX Co. (NYSE:SNX)

Keeley Teton Advisors LLC cut its stake in TD SYNNEX Co. (NYSE:SNXFree Report) by 16.9% in the 3rd quarter, according to the company in its most recent disclosure with the SEC. The institutional investor owned 23,689 shares of the business services provider’s stock after selling 4,834 shares during the quarter. Keeley Teton Advisors LLC’s holdings in TD SYNNEX were worth $2,366,000 at the end of the most recent quarter.

Several other large investors also recently added to or reduced their stakes in the business. Nomura Asset Management Co. Ltd. increased its position in TD SYNNEX by 95.2% during the 1st quarter. Nomura Asset Management Co. Ltd. now owns 410 shares of the business services provider’s stock valued at $40,000 after purchasing an additional 200 shares during the period. Advisors Asset Management Inc. bought a new position in TD SYNNEX in the 1st quarter worth $51,000. EverSource Wealth Advisors LLC increased its stake in TD SYNNEX by 33.9% in the 2nd quarter. EverSource Wealth Advisors LLC now owns 584 shares of the business services provider’s stock worth $55,000 after buying an additional 148 shares in the last quarter. Covestor Ltd increased its stake in TD SYNNEX by 91.5% in the 1st quarter. Covestor Ltd now owns 697 shares of the business services provider’s stock worth $72,000 after buying an additional 333 shares in the last quarter. Finally, Gladius Capital Management LP increased its stake in TD SYNNEX by 50.8% in the 3rd quarter. Gladius Capital Management LP now owns 742 shares of the business services provider’s stock worth $75,000 after buying an additional 250 shares in the last quarter. Institutional investors own 84.00% of the company’s stock.

TD SYNNEX Stock Performance

Shares of SNX stock opened at $100.09 on Tuesday. The company has a debt-to-equity ratio of 0.38, a quick ratio of 0.77 and a current ratio of 1.20. TD SYNNEX Co. has a one year low of $86.30 and a one year high of $108.92. The company has a 50 day moving average price of $103.77 and a 200 day moving average price of $99.86. The firm has a market capitalization of $8.92 billion, a price-to-earnings ratio of 14.92, a price-to-earnings-growth ratio of 0.97 and a beta of 1.64.

TD SYNNEX (NYSE:SNXGet Free Report) last released its quarterly earnings results on Tuesday, January 9th. The business services provider reported $3.13 EPS for the quarter, topping the consensus estimate of $2.56 by $0.57. TD SYNNEX had a return on equity of 12.34% and a net margin of 1.09%. The business had revenue of $14.41 billion for the quarter, compared to analysts’ expectations of $14.54 billion. During the same quarter in the previous year, the firm posted $3.30 earnings per share. The company’s revenue was down 11.3% compared to the same quarter last year. Sell-side analysts anticipate that TD SYNNEX Co. will post 11.17 EPS for the current year.

TD SYNNEX Increases Dividend

The business also recently declared a quarterly dividend, which was paid on Friday, January 26th. Stockholders of record on Friday, January 19th were given a dividend of $0.40 per share. This represents a $1.60 dividend on an annualized basis and a dividend yield of 1.60%. This is a boost from TD SYNNEX’s previous quarterly dividend of $0.35. The ex-dividend date was Thursday, January 18th. TD SYNNEX’s dividend payout ratio is presently 23.85%.

Analysts Set New Price Targets

Several analysts have recently issued reports on the stock. JPMorgan Chase & Co. cut shares of TD SYNNEX from an “overweight” rating to a “neutral” rating and upped their target price for the company from $112.00 to $113.00 in a research report on Monday, January 8th. Royal Bank of Canada boosted their price objective on shares of TD SYNNEX from $97.00 to $110.00 and gave the stock a “sector perform” rating in a research note on Wednesday, January 10th. UBS Group began coverage on TD SYNNEX in a report on Wednesday, November 22nd. They issued a “neutral” rating and a $105.00 price target for the company. Finally, StockNews.com upgraded shares of TD SYNNEX from a “hold” rating to a “buy” rating in a research note on Thursday, December 21st. Five analysts have rated the stock with a hold rating, four have issued a buy rating and one has issued a strong buy rating to the company’s stock. According to MarketBeat, the company has a consensus rating of “Moderate Buy” and an average price target of $111.00.

Check Out Our Latest Report on TD SYNNEX

Insider Transactions at TD SYNNEX

In other news, major shareholder Apollo Management Holdings Gp, sold 2,250,000 shares of the stock in a transaction that occurred on Friday, January 12th. The stock was sold at an average price of $101.50, for a total transaction of $228,375,000.00. Following the sale, the insider now directly owns 26,153,049 shares in the company, valued at approximately $2,654,534,473.50. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which can be accessed through the SEC website. In other TD SYNNEX news, major shareholder Apollo Management Holdings Gp, sold 2,250,000 shares of the company’s stock in a transaction that occurred on Friday, January 12th. The stock was sold at an average price of $101.50, for a total value of $228,375,000.00. Following the completion of the sale, the insider now directly owns 26,153,049 shares in the company, valued at $2,654,534,473.50. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is accessible through the SEC website. Also, insider Dennis Polk sold 6,701 shares of the company’s stock in a transaction that occurred on Tuesday, January 16th. The stock was sold at an average price of $103.84, for a total value of $695,831.84. Following the completion of the sale, the insider now owns 135,092 shares of the company’s stock, valued at $14,027,953.28. The disclosure for this sale can be found here. In the last ninety days, insiders have sold 2,283,655 shares of company stock worth $231,857,002. 1.70% of the stock is currently owned by company insiders.

About TD SYNNEX

(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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