Thompson Siegel & Walmsley LLC Buys 85,207 Shares of TD SYNNEX Co. (NYSE:SNX)

Thompson Siegel & Walmsley LLC grew its stake in shares of TD SYNNEX Co. (NYSE:SNX) by 19.4% in the third quarter, HoldingsChannel.com reports. The fund owned 523,639 shares of the business services provider’s stock after acquiring an additional 85,207 shares during the quarter. Thompson Siegel & Walmsley LLC’s holdings in TD SYNNEX were worth $62,879,000 at the end of the most recent reporting period.

Several other institutional investors and hedge funds have also bought and sold shares of the company. ProShare Advisors LLC lifted its position in shares of TD SYNNEX by 3.2% during the 1st quarter. ProShare Advisors LLC now owns 2,784 shares of the business services provider’s stock worth $315,000 after buying an additional 86 shares during the last quarter. CIBC Asset Management Inc increased its position in TD SYNNEX by 3.4% during the 3rd quarter. CIBC Asset Management Inc now owns 2,609 shares of the business services provider’s stock worth $313,000 after purchasing an additional 86 shares in the last quarter. Northwestern Mutual Wealth Management Co. boosted its position in TD SYNNEX by 3.4% in the second quarter. Northwestern Mutual Wealth Management Co. now owns 2,727 shares of the business services provider’s stock valued at $315,000 after buying an additional 90 shares in the last quarter. AlphaMark Advisors LLC grew its stake in shares of TD SYNNEX by 1.3% during the third quarter. AlphaMark Advisors LLC now owns 7,734 shares of the business services provider’s stock worth $929,000 after buying an additional 100 shares during the last quarter. Finally, Fifth Third Bancorp increased its holdings in shares of TD SYNNEX by 11.1% during the second quarter. Fifth Third Bancorp now owns 1,064 shares of the business services provider’s stock worth $123,000 after buying an additional 106 shares in the last quarter. Institutional investors own 84.00% of the company’s stock.

Wall Street Analyst Weigh In

A number of equities research analysts recently weighed in on the company. Barrington Research restated an “outperform” rating and set a $138.00 price objective on shares of TD SYNNEX in a research report on Monday, September 23rd. StockNews.com upgraded TD SYNNEX from a “hold” rating to a “buy” rating in a report on Friday, August 16th. Loop Capital reaffirmed a “buy” rating and set a $150.00 target price 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 price target on shares of TD SYNNEX in a research note on Friday, September 27th. Finally, Barclays lifted their price objective on TD SYNNEX from $131.00 to $132.00 and gave the stock an “equal weight” rating in a research note on Friday, September 27th. Three equities research analysts have rated the stock with a hold rating and six have given a buy rating to the company. According to data from MarketBeat.com, TD SYNNEX presently has an average rating of “Moderate Buy” and an average target price of $134.75.

TD SYNNEX Stock Performance

Shares of SNX opened at $116.06 on Thursday. The stock has a 50-day moving average of $118.66 and a 200-day moving average of $119.70. TD SYNNEX Co. has a one year low of $96.93 and a one year high of $133.85. The company has a debt-to-equity ratio of 0.46, a current ratio of 1.25 and a quick ratio of 0.77. The company has a market cap of $9.88 billion, a PE ratio of 15.01, a P/E/G ratio of 1.15 and a beta of 1.48.

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

TD SYNNEX Announces Dividend

The business also recently announced a quarterly dividend, which was paid on Friday, October 25th. Investors of record on Friday, October 11th were given a dividend of $0.40 per share. The ex-dividend date was Friday, October 11th. This represents a $1.60 annualized dividend and a dividend yield of 1.38%. TD SYNNEX’s payout ratio is 20.70%.

Insiders Place Their Bets

In other news, insider Simon Leung sold 6,249 shares of the firm’s stock in a transaction that occurred on Wednesday, November 6th. The shares were sold at an average price of $123.17, for a total transaction of $769,689.33. Following the completion of the sale, the insider now owns 23,339 shares in the company, valued at $2,874,664.63. This trade represents a 21.12 % decrease in their position. The sale was disclosed in a document filed with the SEC, which is available at this hyperlink. Also, 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 completion of the sale, the insider now owns 134,706 shares in the company, valued at approximately $15,751,172.58. The trade was a 10.43 % decrease in their ownership of the stock. The disclosure for this sale can be found here. Insiders have sold 69,645 shares of company stock valued at $8,414,329 in the last three months. 1.90% of the stock is currently owned by insiders.

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.