Symmetry Partners LLC Decreases Holdings in TD SYNNEX Co. (NYSE:SNX)

Symmetry Partners LLC decreased its stake in shares of TD SYNNEX Co. (NYSE:SNXFree Report) by 27.1% during the first quarter, HoldingsChannel reports. The firm owned 4,010 shares of the business services provider’s stock after selling 1,488 shares during the quarter. Symmetry Partners LLC’s holdings in TD SYNNEX were worth $454,000 as of its most recent filing with the Securities and Exchange Commission.

Other hedge funds have also bought and sold shares of the company. Pineridge Advisors LLC acquired a new position in TD SYNNEX during the 4th quarter valued at approximately $33,000. Gladius Capital Management LP increased its stake in TD SYNNEX by 50.8% during the 3rd quarter. Gladius Capital Management LP now owns 742 shares of the business services provider’s stock valued at $74,000 after purchasing an additional 250 shares in the last quarter. Kapitalo Investimentos Ltda increased its stake in TD SYNNEX by 75.6% during the 4th quarter. Kapitalo Investimentos Ltda now owns 1,582 shares of the business services provider’s stock valued at $170,000 after purchasing an additional 681 shares in the last quarter. Shelton Capital Management acquired a new stake in shares of TD SYNNEX in the third quarter worth $207,000. Finally, 9258 Wealth Management LLC acquired a new stake in shares of TD SYNNEX in the fourth quarter worth $207,000. Institutional investors and hedge funds own 84.00% of the company’s stock.

Insider Buying and Selling at TD SYNNEX

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

Wall Street Analysts Forecast Growth

A number of analysts have recently weighed in on SNX shares. Bank of America increased their price objective on shares of TD SYNNEX from $120.00 to $140.00 and gave the stock a “buy” rating in a research note on Tuesday, April 2nd. Royal Bank of Canada increased their price objective on shares of TD SYNNEX from $118.00 to $135.00 and gave the stock a “sector perform” rating in a research note on Tuesday, June 11th. Barrington Research increased their price objective on shares of TD SYNNEX from $122.00 to $138.00 and gave the stock an “outperform” rating in a research note on Thursday, March 28th. Cfra increased their price objective on shares of TD SYNNEX from $110.00 to $113.00 and gave the stock a “hold” rating in a research note on Tuesday, March 26th. Finally, JPMorgan Chase & Co. increased their price objective on shares of TD SYNNEX from $113.00 to $126.00 and gave the stock a “neutral” rating in a research note on Monday, April 1st. Four equities research analysts have rated the stock with a hold rating and six have given a buy rating to the company. According to MarketBeat, the company has an average rating of “Moderate Buy” and an average price target of $123.36.

Check Out Our Latest Report on TD SYNNEX

TD SYNNEX Stock Performance

SNX opened at $132.79 on Wednesday. The firm has a market capitalization of $11.83 billion, a PE ratio of 19.27, a PEG ratio of 1.27 and a beta of 1.55. TD SYNNEX Co. has a twelve month low of $87.68 and a twelve month high of $133.85. The firm’s 50-day moving average price is $122.83 and its 200 day moving average price is $111.18. The company has a current ratio of 1.22, a quick ratio of 0.75 and a debt-to-equity ratio of 0.38.

TD SYNNEX (NYSE:SNXGet Free Report) last posted its earnings results 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. The company had revenue of $13.98 billion for the quarter, compared to analyst estimates of $14.37 billion. TD SYNNEX had a net margin of 1.12% and a return on equity of 12.16%. As a group, sell-side analysts expect that TD SYNNEX Co. will post 11.38 EPS for the current fiscal year.

TD SYNNEX Dividend Announcement

The company also recently announced a quarterly dividend, which was paid on Friday, April 26th. Shareholders of record on Friday, April 12th were issued a $0.40 dividend. The ex-dividend date was Thursday, April 11th. This represents a $1.60 annualized dividend and a yield of 1.20%. TD SYNNEX’s payout ratio is 23.22%.

TD SYNNEX 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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Want to see what other hedge funds are holding SNX? Visit HoldingsChannel.com to get the latest 13F filings and insider trades for TD SYNNEX Co. (NYSE:SNXFree Report).

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

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