American Century Companies Inc. Acquires 32,948 Shares of TD SYNNEX Co. (NYSE:SNX)

American Century Companies Inc. lifted its holdings in TD SYNNEX Co. (NYSE:SNX) by 60.4% in the second quarter, according to the company in its most recent filing with the SEC. The fund owned 87,470 shares of the business services provider’s stock after acquiring an additional 32,948 shares during the quarter. American Century Companies Inc. owned 0.10% of TD SYNNEX worth $10,094,000 at the end of the most recent quarter.

Other hedge funds have also recently made changes to their positions in the company. Benjamin F. Edwards & Company Inc. lifted its holdings in shares of TD SYNNEX by 121.7% in the 1st quarter. Benjamin F. Edwards & Company Inc. now owns 255 shares of the business services provider’s stock worth $29,000 after acquiring an additional 140 shares during the last quarter. Rise Advisors LLC bought a new stake in TD SYNNEX during the 1st quarter valued at $32,000. Pineridge Advisors LLC bought a new stake in TD SYNNEX during the 4th quarter valued at $33,000. Blue Trust Inc. raised its holdings in TD SYNNEX by 52.3% during the 2nd quarter. Blue Trust Inc. now owns 358 shares of the business services provider’s stock valued at $40,000 after buying an additional 123 shares during the last quarter. Finally, Ashton Thomas Private Wealth LLC bought a new stake in TD SYNNEX during the 2nd quarter valued at $52,000. 84.00% of the stock is currently owned by institutional investors.

Insider Transactions at TD SYNNEX

In other news, CFO Marshall Witt sold 11,441 shares of the company’s stock in a transaction dated Wednesday, August 7th. The shares were sold at an average price of $110.14, for a total value of $1,260,111.74. Following the sale, the chief financial officer now directly owns 45,115 shares of the company’s stock, valued at approximately $4,968,966.10. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which can be accessed through this link. In related news, insider Dennis Polk sold 20,000 shares of the stock in a transaction dated Thursday, June 27th. The shares were sold at an average price of $115.66, for a total transaction of $2,313,200.00. Following the sale, the insider now directly owns 134,706 shares of the company’s stock, valued at approximately $15,580,095.96. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is accessible through the SEC website. Also, CFO Marshall Witt sold 11,441 shares of the stock in a transaction dated Wednesday, August 7th. The shares were sold at an average price of $110.14, for a total transaction of $1,260,111.74. Following the sale, the chief financial officer now directly owns 45,115 shares in the company, valued at $4,968,966.10. The disclosure for this sale can be found here. Insiders have sold 35,188 shares of company stock valued at $3,998,655 in the last three months. 1.90% of the stock is currently owned by company insiders.

Analysts Set New Price Targets

A number of equities research analysts recently commented on SNX shares. Bank of America lowered their price target on shares of TD SYNNEX from $135.00 to $132.00 and set a “buy” rating for the company in a report on Thursday, June 27th. StockNews.com upgraded shares of TD SYNNEX from a “hold” rating to a “buy” rating in a report on Friday, August 16th. JPMorgan Chase & Co. lowered their price target on shares of TD SYNNEX from $126.00 to $123.00 and set a “neutral” rating for the company in a report on Wednesday, June 26th. Royal Bank of Canada upgraded shares of TD SYNNEX from a “sector perform” rating to an “outperform” rating and upped their price target for the company from $135.00 to $140.00 in a report on Monday, July 15th. Finally, UBS Group upped their price target on shares of TD SYNNEX from $145.00 to $150.00 and gave the company a “buy” rating in a report on Wednesday, June 26th. Three equities research analysts have rated the stock with a hold rating and six have given a buy rating to the company’s stock. Based on data from MarketBeat.com, the stock has a consensus rating of “Moderate Buy” and an average target price of $128.25.

TD SYNNEX Stock Down 0.7 %

Shares of TD SYNNEX stock opened at $118.03 on Monday. The company has a current ratio of 1.26, a quick ratio of 0.78 and a debt-to-equity ratio of 0.47. The company’s fifty day simple moving average is $116.04 and its two-hundred day simple moving average is $117.55. The company has a market cap of $10.09 billion, a P/E ratio of 16.53, a PEG ratio of 1.13 and a beta of 1.49. TD SYNNEX Co. has a 12-month low of $89.73 and a 12-month high of $133.85.

TD SYNNEX (NYSE:SNX) last released its earnings results on Tuesday, June 25th. The business services provider reported $2.61 earnings per share for the quarter, missing analysts’ consensus estimates of $2.66 by ($0.05). The business had revenue of $13.95 billion during the quarter, compared to analysts’ expectations of $14.12 billion. TD SYNNEX had a return on equity of 12.32% and a net margin of 1.14%. Research analysts anticipate that TD SYNNEX Co. will post 11.22 EPS for the current year.

TD SYNNEX Dividend Announcement

The firm also recently announced a quarterly dividend, which was paid on Friday, July 26th. Stockholders of record on Friday, July 12th were given a $0.40 dividend. This represents a $1.60 dividend on an annualized basis and a dividend yield of 1.36%. The ex-dividend date was Friday, July 12th. TD SYNNEX’s dividend payout ratio is presently 22.41%.

TD SYNNEX Company 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.