Atlas Capital Advisors LLC Has $313,000 Stock Position in TD SYNNEX Co. (NYSE:SNX)

Atlas Capital Advisors LLC grew its position in TD SYNNEX Co. (NYSE:SNX) by 17.3% in the 1st quarter, according to its most recent filing with the Securities and Exchange Commission. The institutional investor owned 2,769 shares of the business services provider’s stock after buying an additional 408 shares during the quarter. Atlas Capital Advisors LLC’s holdings in TD SYNNEX were worth $313,000 as of its most recent SEC filing.

Other institutional investors and hedge funds also recently made changes to their positions in the company. Pacer Advisors Inc. lifted its stake in TD SYNNEX by 33,158.8% during the fourth quarter. Pacer Advisors Inc. now owns 1,336,005 shares of the business services provider’s stock worth $143,767,000 after purchasing an additional 1,331,988 shares during the last quarter. Norges Bank bought a new stake in shares of TD SYNNEX during the 4th quarter worth $79,506,000. Vanguard Group Inc. boosted its stake in TD SYNNEX by 7.4% in the fourth quarter. Vanguard Group Inc. now owns 5,379,928 shares of the business services provider’s stock valued at $578,934,000 after buying an additional 371,322 shares in the last quarter. Goldman Sachs Group Inc. raised its stake in TD SYNNEX by 63.4% during the fourth quarter. Goldman Sachs Group Inc. now owns 164,999 shares of the business services provider’s stock worth $17,756,000 after acquiring an additional 64,024 shares in the last quarter. Finally, Invesco Ltd. lifted its holdings in shares of TD SYNNEX by 22.0% in the third quarter. Invesco Ltd. now owns 345,202 shares of the business services provider’s stock worth $34,472,000 after acquiring an additional 62,296 shares during the last quarter. Institutional investors own 84.00% of the company’s stock.

Analyst Ratings Changes

SNX has been the topic of a number of research analyst reports. Royal Bank of Canada restated a “sector perform” rating and issued a $135.00 target price on shares of TD SYNNEX in a research report on Wednesday. Barclays upped their target price on TD SYNNEX from $111.00 to $118.00 and gave the stock an “equal weight” rating in a report on Wednesday, March 27th. Cfra lifted their price target on TD SYNNEX from $110.00 to $113.00 and gave the company a “hold” rating in a research note on Tuesday, March 26th. Bank of America lowered their price objective on TD SYNNEX from $135.00 to $132.00 and set a “buy” rating for the company in a research note on Thursday. Finally, JPMorgan Chase & Co. cut their target price on shares of TD SYNNEX from $126.00 to $123.00 and set a “neutral” rating on the stock in a research report on Wednesday. Four 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 currently has a consensus rating of “Moderate Buy” and a consensus target price of $122.82.

TD SYNNEX Stock Down 0.5 %

Shares of NYSE:SNX opened at $115.54 on Friday. The business’s 50-day moving average is $124.68 and its 200-day moving average is $112.51. TD SYNNEX Co. has a 1 year low of $89.73 and a 1 year high of $133.85. The company has a market capitalization of $10.29 billion, a price-to-earnings ratio of 16.18, a P/E/G ratio of 1.12 and a beta of 1.55. The company has a debt-to-equity ratio of 0.47, a current ratio of 1.26 and a quick ratio of 0.75.

TD SYNNEX (NYSE:SNX) last posted its quarterly earnings results on Tuesday, March 26th. The business services provider reported $2.83 earnings per share (EPS) for the quarter, topping analysts’ consensus estimates of $2.71 by $0.12. The firm had revenue of $13.98 billion for the quarter, compared to analysts’ expectations of $14.37 billion. TD SYNNEX had a return on equity of 12.32% and a net margin of 1.14%. Equities research analysts predict that TD SYNNEX Co. will post 11.38 earnings per share for the current year.

TD SYNNEX Dividend Announcement

The business also recently announced a quarterly dividend, which will be paid on Friday, July 26th. Investors of record on Friday, July 12th will be paid a dividend of $0.40 per share. This represents a $1.60 annualized dividend and a yield of 1.38%. The ex-dividend date is Friday, July 12th. TD SYNNEX’s dividend payout ratio is presently 22.41%.

Insiders Place Their Bets

In other news, CEO Richard T. Hume sold 10,000 shares of the company’s stock in a transaction dated Wednesday, May 1st. The shares were sold at an average price of $115.79, for a total transaction of $1,157,900.00. Following the transaction, the chief executive officer now owns 219,363 shares in the company, valued at $25,400,041.77. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is available through the SEC website. In other news, CEO Richard T. Hume sold 10,000 shares of the business’s stock in a transaction that occurred on Wednesday, May 1st. The stock was sold at an average price of $115.79, for a total transaction of $1,157,900.00. Following the completion of the sale, the chief executive officer now owns 219,363 shares in the company, valued at $25,400,041.77. The transaction was disclosed in a filing with the SEC, which is available at this hyperlink. Also, insider Dennis Polk sold 20,000 shares of the stock in a transaction on Monday, April 8th. The stock was sold at an average price of $118.10, for a total value 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 disclosure for this sale can be found here. Corporate insiders own 1.90% of the company’s stock.

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.