23,652 Shares in TD SYNNEX Co. (NYSE:SNX) Bought by Horizon Investment Services LLC

Horizon Investment Services LLC acquired a new position in TD SYNNEX Co. (NYSE:SNX) in the second quarter, Holdings Channel.com reports. The institutional investor acquired 23,652 shares of the business services provider’s stock, valued at approximately $2,729,000. TD SYNNEX accounts for approximately 1.3% of Horizon Investment Services LLC’s investment portfolio, making the stock its 24th largest holding.

Other large investors have also recently bought and sold shares of the company. Benjamin F. Edwards & Company Inc. boosted its holdings in TD SYNNEX by 121.7% during the first quarter. Benjamin F. Edwards & Company Inc. now owns 255 shares of the business services provider’s stock valued at $29,000 after acquiring an additional 140 shares during the period. Rise Advisors LLC bought a new stake in TD SYNNEX during the first quarter valued at about $32,000. Pineridge Advisors LLC bought a new stake in TD SYNNEX during the fourth quarter valued at about $33,000. Blue Trust Inc. boosted its holdings in TD SYNNEX by 52.3% during the second quarter. Blue Trust Inc. now owns 358 shares of the business services provider’s stock valued at $40,000 after acquiring an additional 123 shares during the period. Finally, GAMMA Investing LLC boosted its holdings in TD SYNNEX by 217.5% during the second quarter. GAMMA Investing LLC now owns 454 shares of the business services provider’s stock valued at $52,000 after acquiring an additional 311 shares during the period. 84.00% of the stock is currently owned by institutional investors.

Insiders Place Their Bets

In other news, COO Patrick Zammit sold 3,513 shares of the stock in a transaction that occurred on Friday, July 12th. The shares were sold at an average price of $113.28, for a total transaction of $397,952.64. Following the sale, the chief operating officer now directly owns 140,205 shares of the company’s stock, valued at $15,882,422.40. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is available through the SEC website. In other news, COO Patrick Zammit sold 3,513 shares of the stock in a transaction that occurred on Friday, July 12th. The shares were sold at an average price of $113.28, for a total transaction of $397,952.64. Following the sale, the chief operating officer now directly owns 140,205 shares of the company’s stock, valued at $15,882,422.40. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is available through the SEC website. Also, CFO Marshall Witt sold 11,441 shares of the stock in a transaction that occurred on Wednesday, August 7th. The shares were sold at an average price of $110.14, for a total transaction of $1,260,111.74. Following the sale, the chief financial officer now directly owns 45,115 shares in the company, valued at $4,968,966.10. The disclosure for this sale can be found here. Over the last ninety days, insiders have sold 35,188 shares of company stock valued at $3,998,655. 1.90% of the stock is currently owned by insiders.

Analyst Ratings Changes

A number of equities research analysts have issued reports on SNX shares. Bank of America decreased their price target on shares of TD SYNNEX from $135.00 to $132.00 and set a “buy” rating for the company in a report on Thursday, June 27th. StockNews.com raised shares of TD SYNNEX from a “hold” rating to a “buy” rating in a research report on Friday, August 16th. Barrington Research reaffirmed an “outperform” rating and set a $138.00 price objective on shares of TD SYNNEX in a research report on Wednesday, June 26th. Royal Bank of Canada raised shares of TD SYNNEX from a “sector perform” rating to an “outperform” rating and upped their price objective for the company from $135.00 to $140.00 in a research report on Monday, July 15th. Finally, UBS Group upped their price objective on shares of TD SYNNEX from $145.00 to $150.00 and gave the company a “buy” rating in a research report on Wednesday, June 26th. Three equities research analysts have rated the stock with a hold rating and seven have issued a buy rating to the stock. According to MarketBeat, the company has an average rating of “Moderate Buy” and an average target price of $127.33.

TD SYNNEX Stock Performance

NYSE:SNX opened at $113.31 on Friday. TD SYNNEX Co. has a 12-month low of $89.73 and a 12-month high of $133.85. The company has a quick ratio of 0.78, a current ratio of 1.26 and a debt-to-equity ratio of 0.47. The firm has a market capitalization of $9.68 billion, a PE ratio of 15.87, a price-to-earnings-growth ratio of 1.21 and a beta of 1.49. The firm has a 50-day moving average price of $115.80 and a 200 day moving average price of $116.55.

TD SYNNEX (NYSE:SNX) last posted its quarterly earnings results on Tuesday, June 25th. The business services provider reported $2.61 earnings per share (EPS) for the quarter, missing the consensus estimate of $2.66 by ($0.05). The business had revenue of $13.95 billion during the quarter, compared to analyst estimates of $14.12 billion. TD SYNNEX had a return on equity of 12.32% and a net margin of 1.14%. Research analysts anticipate that TD SYNNEX Co. will post 11.22 earnings per share for the current fiscal year.

TD SYNNEX Announces Dividend

The company also recently disclosed a quarterly dividend, which was paid on Friday, July 26th. Shareholders of record on Friday, July 12th were paid a dividend of $0.40 per share. The ex-dividend date of this dividend was Friday, July 12th. This represents a $1.60 annualized dividend and a yield of 1.41%. TD SYNNEX’s dividend payout ratio is 22.41%.

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.