TD SYNNEX Co. (NYSE:SNX) CFO Sells $182,906.30 in Stock

TD SYNNEX Co. (NYSE:SNX) CFO Marshall Witt sold 1,510 shares of the company’s stock in a transaction dated Wednesday, December 18th. The shares were sold at an average price of $121.13, for a total transaction of $182,906.30. Following the completion of the sale, the chief financial officer now directly owns 48,362 shares in the company, valued at approximately $5,858,089.06. The trade was a 3.03 % decrease in their position. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which can be accessed through the SEC website.

Marshall Witt also recently made the following trade(s):

• On Wednesday, October 9th, Marshall Witt sold 5,653 shares of TD SYNNEX stock. The shares were sold at an average price of $121.15, for a total transaction of $684,860.95.

TD SYNNEX Stock Performance

NYSE:SNX traded up $1.00 during midday trading on Thursday, reaching $117.49. The stock had a trading volume of 669,256 shares, compared to its average volume of 764,346. The stock has a market cap of $10.00 billion, a P/E ratio of 15.20, a P/E/G ratio of 1.14 and a beta of 1.47. TD SYNNEX Co. has a 12-month low of $98.70 and a 12-month high of $133.85. The firm has a fifty day simple moving average of $120.27 and a two-hundred day simple moving average of $119.05. The company has a quick ratio of 0.77, a current ratio of 1.25 and a debt-to-equity ratio of 0.46.

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 analysts’ consensus estimates of $2.80 by $0.06. The company had revenue of $14.68 billion during the quarter, compared to the consensus estimate of $14.11 billion. TD SYNNEX had a net margin of 1.20% and a return on equity of 12.15%. The company’s quarterly revenue was up 5.2% compared to the same quarter last year. During the same quarter in the prior year, the company posted $2.71 EPS. On average, equities analysts expect that TD SYNNEX Co. will post 11.03 EPS for the current year.

TD SYNNEX Announces Dividend

The company also recently disclosed 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 dividend on an annualized basis and a yield of 1.36%. TD SYNNEX’s payout ratio is 20.70%.

Analysts Set New Price Targets

Several research analysts have recently weighed in on SNX shares. Loop Capital reissued a “buy” rating and issued a $150.00 price objective on shares of TD SYNNEX in a research report on Monday, October 7th. Royal Bank of Canada restated an “outperform” rating and set a $140.00 price target on shares of TD SYNNEX in a research note on Friday, September 27th. StockNews.com downgraded shares of TD SYNNEX from a “buy” rating to a “hold” rating in a report on Wednesday. Barrington Research reiterated an “outperform” rating and issued a $138.00 target price on shares of TD SYNNEX in a research report on Monday, September 23rd. Finally, Barclays lifted their target price on shares of TD SYNNEX from $131.00 to $132.00 and gave the company an “equal weight” rating in a research note on Friday, September 27th. Four research analysts have rated the stock with a hold rating and five have issued a buy rating to the company. Based on data from MarketBeat, the company currently has an average rating of “Moderate Buy” and an average target price of $134.75.

Institutional Trading of TD SYNNEX

A number of institutional investors and hedge funds have recently modified their holdings of SNX. Lord Abbett & CO. LLC boosted its position in TD SYNNEX by 39.0% in the third quarter. Lord Abbett & CO. LLC now owns 825,468 shares of the business services provider’s stock valued at $99,123,000 after buying an additional 231,715 shares in the last quarter. Brass Tax Wealth Management Inc. bought a new position in shares of TD SYNNEX in the 3rd quarter worth $203,000. Tidal Investments LLC increased its stake in TD SYNNEX by 9.3% during the 3rd quarter. Tidal Investments LLC now owns 17,121 shares of the business services provider’s stock worth $2,056,000 after purchasing an additional 1,450 shares in the last quarter. Wilmington Savings Fund Society FSB bought a new stake in TD SYNNEX in the 3rd quarter valued at $232,000. Finally, M&T Bank Corp boosted its position in shares of TD SYNNEX by 13.5% during the third quarter. M&T Bank Corp now owns 2,188 shares of the business services provider’s stock worth $263,000 after buying an additional 261 shares during the period. 84.00% of the stock is currently owned by institutional investors and hedge funds.

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.