Goldman Sachs Group Inc. Purchases 64,024 Shares of TD SYNNEX Co. (NYSE:SNX)

Goldman Sachs Group Inc. lifted its position in shares of TD SYNNEX Co. (NYSE:SNX) by 63.4% in the 4th quarter, according to its most recent 13F filing with the SEC. The firm owned 164,999 shares of the business services provider’s stock after acquiring an additional 64,024 shares during the quarter. Goldman Sachs Group Inc. owned approximately 0.19% of TD SYNNEX worth $17,756,000 at the end of the most recent quarter.

Other institutional investors and hedge funds also recently made changes to their positions in the company. Pineridge Advisors LLC bought a new position in TD SYNNEX during the fourth quarter worth about $33,000. Gladius Capital Management LP raised its holdings in TD SYNNEX by 50.8% during the 3rd quarter. Gladius Capital Management LP now owns 742 shares of the business services provider’s stock valued at $74,000 after acquiring an additional 250 shares during the period. Shelton Capital Management purchased a new stake in shares of TD SYNNEX during the third quarter worth $207,000. 9258 Wealth Management LLC bought a new position in shares of TD SYNNEX in the fourth quarter worth $207,000. Finally, Journey Advisory Group LLC purchased a new position in shares of TD SYNNEX in the third quarter valued at $208,000. Institutional investors own 84.00% of the company’s stock.

Wall Street Analysts Forecast Growth

Several research analysts have commented on the company. Barrington Research restated an “outperform” rating and issued a $138.00 target price on shares of TD SYNNEX in a research note on Wednesday. Cfra boosted their price objective on shares of 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 target price on shares of TD SYNNEX from $135.00 to $132.00 and set a “buy” rating on the stock in a research note on Thursday. JPMorgan Chase & Co. reduced their price target on shares of TD SYNNEX from $126.00 to $123.00 and set a “neutral” rating for the company in a research report on Wednesday. Finally, UBS Group upped their price target on shares of TD SYNNEX from $145.00 to $150.00 and gave the stock a “buy” rating in a report on Wednesday. Four equities research analysts have rated the stock with a hold rating and six have given a buy rating to the stock. According to MarketBeat, the company presently has an average rating of “Moderate Buy” and an average target price of $122.82.

Insider Transactions at TD SYNNEX

In related news, insider Dennis Polk sold 20,000 shares of the stock in a transaction dated 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 sale, the insider now directly owns 134,706 shares in the company, valued at approximately $15,908,778.60. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is available at this hyperlink. In other TD SYNNEX news, insider Dennis Polk sold 20,000 shares of the stock in a transaction on Monday, April 8th. The shares were sold at an average price of $118.10, for a total transaction of $2,362,000.00. Following the completion of the sale, the insider now owns 134,706 shares of the company’s stock, valued at approximately $15,908,778.60. The sale was disclosed in a filing with the Securities & Exchange Commission, which is available at this link. Also, 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 transaction of $1,157,900.00. Following the completion of the transaction, the chief executive officer now owns 219,363 shares in the company, valued at approximately $25,400,041.77. The disclosure for this sale can be found here. Company insiders own 1.90% of the company’s stock.

TD SYNNEX Trading Down 0.5 %

NYSE SNX opened at $115.54 on Friday. The stock’s 50-day simple moving average is $124.68 and its two-hundred day simple moving average is $112.51. TD SYNNEX Co. has a twelve month low of $89.73 and a twelve month high of $133.85. The company has a quick ratio of 0.75, a current ratio of 1.22 and a debt-to-equity ratio of 0.38. The company has a market capitalization of $10.29 billion, a price-to-earnings ratio of 16.18, a PEG ratio of 1.13 and a beta of 1.55.

TD SYNNEX (NYSE:SNX) last issued its earnings results on Tuesday, March 26th. The business services provider reported $2.83 earnings per share (EPS) for the quarter, topping the consensus estimate of $2.71 by $0.12. The business had revenue of $13.98 billion during the quarter, compared to analyst estimates of $14.37 billion. TD SYNNEX had a return on equity of 12.22% and a net margin of 1.14%. Research analysts forecast that TD SYNNEX Co. will post 11.38 EPS for the current fiscal year.

TD SYNNEX Dividend Announcement

The business also recently disclosed a quarterly dividend, which will be paid on Friday, July 26th. Stockholders of record on Friday, July 12th will be paid a dividend of $0.40 per share. The ex-dividend date of this dividend is Friday, July 12th. This represents a $1.60 dividend on an annualized basis and a dividend yield of 1.38%. TD SYNNEX’s dividend payout ratio (DPR) is currently 22.41%.

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.