First Hawaiian Bank Invests $379,000 in TD SYNNEX Co. (NYSE:SNX)

First Hawaiian Bank bought a new stake in shares of TD SYNNEX Co. (NYSE:SNX) during the 1st quarter, according to its most recent filing with the Securities and Exchange Commission (SEC). The fund bought 3,354 shares of the business services provider’s stock, valued at approximately $379,000.

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

Insider Buying and Selling

In other TD SYNNEX news, insider Dennis Polk sold 20,000 shares of the business’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 completion of the transaction, the insider now owns 134,706 shares in the company, valued at $15,908,778.60. The sale was disclosed in a document filed with the Securities & Exchange Commission, which can be accessed through this link. In other TD SYNNEX news, CEO Richard T. Hume sold 10,000 shares of the business’s stock in a transaction dated Wednesday, May 1st. The shares were sold at an average price of $115.79, for a total value of $1,157,900.00. Following the completion of 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 transaction was disclosed in a filing with the SEC, which is available through this link. Also, insider Dennis Polk sold 20,000 shares of the firm’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 transaction, 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 corporate insiders.

Analyst Ratings Changes

SNX has been the topic of a number of recent analyst reports. Bank of America raised their price target on TD SYNNEX from $120.00 to $140.00 and gave the company a “buy” rating in a report on Tuesday, April 2nd. Barrington Research upped their price target on TD SYNNEX from $122.00 to $138.00 and gave the stock an “outperform” rating in a research note on Thursday, March 28th. JPMorgan Chase & Co. lifted their price objective on shares of TD SYNNEX from $113.00 to $126.00 and gave the company a “neutral” rating in a research report on Monday, April 1st. Barclays raised their target price on shares of TD SYNNEX from $111.00 to $118.00 and gave the company an “equal weight” rating in a research note on Wednesday, March 27th. Finally, UBS Group upgraded shares of TD SYNNEX from a “neutral” rating to a “buy” rating and boosted their price target for the stock from $115.00 to $145.00 in a research note on Tuesday, April 16th. Four equities research analysts have rated the stock with a hold rating and six have issued a buy rating to the stock. Based on data from MarketBeat.com, TD SYNNEX has an average rating of “Moderate Buy” and a consensus price target of $123.36.

TD SYNNEX Trading Down 0.9 %

Shares of NYSE SNX opened at $129.97 on Friday. TD SYNNEX Co. has a 1-year low of $87.68 and a 1-year high of $133.85. The company has a debt-to-equity ratio of 0.38, a current ratio of 1.22 and a quick ratio of 0.75. The business’s 50 day moving average is $124.18 and its two-hundred day moving average is $112.02. The stock has a market capitalization of $11.58 billion, a P/E ratio of 18.86, a PEG ratio of 1.27 and a beta of 1.55.

TD SYNNEX (NYSE:SNX) last released 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 firm had revenue of $13.98 billion for the quarter, compared to the consensus estimate of $14.37 billion. TD SYNNEX had a return on equity of 12.16% and a net margin of 1.12%. As a group, research analysts expect that TD SYNNEX Co. will post 11.38 EPS for the current year.

TD SYNNEX Announces Dividend

The company also recently declared a quarterly dividend, which was paid on Friday, April 26th. Investors of record on Friday, April 12th were issued a dividend of $0.40 per share. The ex-dividend date of this dividend was Thursday, April 11th. This represents a $1.60 annualized dividend and a yield of 1.23%. TD SYNNEX’s payout ratio is 23.22%.

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.