Hancock Whitney Corp Purchases 173 Shares of TD SYNNEX Co. (NYSE:SNX)

Hancock Whitney Corp grew its position in shares of TD SYNNEX Co. (NYSE:SNX) by 1.0% in the 3rd quarter, according to the company in its most recent Form 13F filing with the Securities & Exchange Commission. The institutional investor owned 17,102 shares of the business services provider’s stock after acquiring an additional 173 shares during the quarter. Hancock Whitney Corp’s holdings in TD SYNNEX were worth $2,054,000 as of its most recent filing with the Securities & Exchange Commission.

A number of other institutional investors also recently modified their holdings of the company. Pacer Advisors Inc. raised its holdings in TD SYNNEX by 58.9% during the second quarter. Pacer Advisors Inc. now owns 2,716,372 shares of the business services provider’s stock worth $313,469,000 after buying an additional 1,006,569 shares during the last quarter. Dimensional Fund Advisors LP raised its holdings in shares of TD SYNNEX by 8.6% in the 2nd quarter. Dimensional Fund Advisors LP now owns 2,239,852 shares of the business services provider’s stock worth $258,482,000 after acquiring an additional 177,460 shares during the last quarter. AQR Capital Management LLC lifted its position in TD SYNNEX by 21.1% in the 2nd quarter. AQR Capital Management LLC now owns 1,546,105 shares of the business services provider’s stock valued at $178,421,000 after acquiring an additional 269,759 shares in the last quarter. Ninety One UK Ltd boosted its stake in TD SYNNEX by 131.0% during the 2nd quarter. Ninety One UK Ltd now owns 1,371,737 shares of the business services provider’s stock valued at $158,298,000 after purchasing an additional 777,924 shares during the last quarter. Finally, LSV Asset Management increased its holdings in TD SYNNEX by 20.1% during the 2nd quarter. LSV Asset Management now owns 1,055,045 shares of the business services provider’s stock worth $121,752,000 after purchasing an additional 176,571 shares in the last quarter. 84.00% of the stock is owned by institutional investors and hedge funds.

TD SYNNEX Stock Performance

Shares of SNX stock opened at $120.97 on Tuesday. 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 firm has a market cap of $10.29 billion, a price-to-earnings ratio of 15.65, a P/E/G ratio of 1.20 and a beta of 1.48. TD SYNNEX Co. has a 52 week low of $96.93 and a 52 week high of $133.85. The firm’s 50-day simple moving average is $119.03 and its two-hundred day simple moving average is $119.66.

TD SYNNEX (NYSE:SNX) last posted its quarterly earnings data on Thursday, September 26th. The business services provider reported $2.86 EPS 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 business had revenue of $14.68 billion for the quarter, compared to the consensus estimate of $14.11 billion. During the same quarter in the prior year, the business earned $2.71 earnings per share. TD SYNNEX’s revenue for the quarter was up 5.2% on a year-over-year basis. As a group, equities analysts forecast that TD SYNNEX Co. will post 11.03 earnings per share for the current year.

TD SYNNEX Dividend Announcement

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 dividend of $0.40 per share. This represents a $1.60 annualized dividend and a yield of 1.32%. The ex-dividend date was Friday, October 11th. TD SYNNEX’s dividend payout ratio (DPR) is presently 20.70%.

Analyst Ratings Changes

SNX has been the topic of a number of recent research reports. Barclays raised their target price on TD SYNNEX from $131.00 to $132.00 and gave the company an “equal weight” rating in a report on Friday, September 27th. Barrington Research reaffirmed an “outperform” rating and set a $138.00 price objective on shares of TD SYNNEX in a report on Monday, September 23rd. Loop Capital reiterated a “buy” rating and issued a $150.00 target price on shares of TD SYNNEX in a research note on Monday, October 7th. StockNews.com raised shares of TD SYNNEX from a “hold” rating to a “buy” rating in a research report on Friday, August 16th. Finally, Royal Bank of Canada reaffirmed an “outperform” rating and issued a $140.00 price objective on shares of TD SYNNEX in a research report on Friday, September 27th. Three research analysts have rated the stock with a hold rating and six have given a buy rating to the company’s stock. According to MarketBeat.com, the company has an average rating of “Moderate Buy” and an average target price of $134.75.

Insider Buying and Selling at TD SYNNEX

In related news, insider Dennis Polk sold 15,689 shares of the stock in a transaction dated Wednesday, October 2nd. The stock was sold at an average price of $116.93, for a total transaction of $1,834,514.77. Following the sale, the insider now owns 134,706 shares of the company’s stock, valued at approximately $15,751,172.58. This represents a 10.43 % decrease in their position. The sale was disclosed in a document filed with the SEC, which is accessible through this hyperlink. Also, Director Richard T. Hume sold 20,000 shares of TD SYNNEX stock in a transaction dated Wednesday, October 16th. The shares were sold at an average price of $120.72, for a total value of $2,414,400.00. Following the transaction, the director now directly owns 171,080 shares of the company’s stock, valued at $20,652,777.60. The trade was a 10.47 % decrease in their position. The disclosure for this sale can be found here. Insiders have sold a total of 69,645 shares of company stock valued at $8,414,329 over the last three months. 1.90% of the stock is currently owned by insiders.

TD SYNNEX 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.