Vanguard Personalized Indexing Management LLC Grows Stock Holdings in TD SYNNEX Co. (NYSE:SNX)

Vanguard Personalized Indexing Management LLC boosted its holdings in TD SYNNEX Co. (NYSE:SNX) by 19.5% in the second quarter, according to its most recent filing with the SEC. The institutional investor owned 8,215 shares of the business services provider’s stock after buying an additional 1,342 shares during the period. Vanguard Personalized Indexing Management LLC’s holdings in TD SYNNEX were worth $944,000 as of its most recent SEC filing.

A number of other institutional investors and hedge funds have also bought and sold shares of SNX. Mercer Global Advisors Inc. ADV lifted its holdings in TD SYNNEX by 7.4% in the 2nd quarter. Mercer Global Advisors Inc. ADV now owns 2,064 shares of the business services provider’s stock worth $238,000 after purchasing an additional 143 shares in the last quarter. Amalgamated Bank lifted its holdings in shares of TD SYNNEX by 30.8% in the second quarter. Amalgamated Bank now owns 48,276 shares of the business services provider’s stock worth $5,571,000 after buying an additional 11,373 shares in the last quarter. Meiji Yasuda Asset Management Co Ltd. bought a new position in shares of TD SYNNEX during the second quarter worth $226,000. Wealth Alliance purchased a new position in TD SYNNEX during the second quarter valued at $413,000. Finally, Mutual of America Capital Management LLC grew its stake in TD SYNNEX by 30.9% during the second quarter. Mutual of America Capital Management LLC now owns 44,496 shares of the business services provider’s stock valued at $5,135,000 after acquiring an additional 10,508 shares in the last quarter. 84.00% of the stock is owned by institutional investors.

Analysts Set New Price Targets

Several research firms have commented on SNX. Bank of America dropped their price objective 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. Barrington Research restated an “outperform” rating and set a $138.00 price target on shares of TD SYNNEX in a report on Monday. StockNews.com upgraded TD SYNNEX from a “hold” rating to a “buy” rating in a research report on Friday, August 16th. JPMorgan Chase & Co. reduced their price target 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, June 26th. Finally, Royal Bank of Canada raised 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 research note on Monday, July 15th. Three research analysts have rated the stock with a hold rating and six have given a buy rating to the stock. According to MarketBeat.com, TD SYNNEX currently has an average rating of “Moderate Buy” and a consensus target price of $128.25.

TD SYNNEX Trading Up 0.5 %

Shares of SNX opened at $118.58 on Tuesday. The company’s fifty day simple moving average is $116.11 and its 200-day simple moving average is $117.65. The company has a market cap of $10.13 billion, a P/E ratio of 16.61, a P/E/G ratio of 1.13 and a beta of 1.49. The company has a current ratio of 1.26, a quick ratio of 0.78 and a debt-to-equity ratio of 0.47. TD SYNNEX Co. has a twelve month low of $89.73 and a twelve month high of $133.85.

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

Insider Buying and Selling

In other TD SYNNEX news, insider Dennis Polk sold 20,000 shares of the company’s stock in a transaction on Thursday, June 27th. The stock was sold at an average price of $115.66, for a total value of $2,313,200.00. Following the transaction, the insider now owns 134,706 shares of the company’s stock, valued at approximately $15,580,095.96. The sale was disclosed in a filing with the Securities & Exchange Commission, which is accessible through this hyperlink. In other TD SYNNEX news, insider Dennis Polk sold 20,000 shares of the business’s stock in a transaction dated Thursday, June 27th. The shares were sold at an average price of $115.66, for a total value of $2,313,200.00. Following the completion of the sale, the insider now directly owns 134,706 shares of the company’s stock, valued at approximately $15,580,095.96. The transaction was disclosed in a filing with the SEC, which is available through this link. Also, COO Patrick Zammit sold 3,513 shares of the firm’s stock in a transaction that occurred on Friday, July 12th. The stock was sold at an average price of $113.28, for a total transaction of $397,952.64. Following the transaction, the chief operating officer now directly owns 140,205 shares in the company, valued at $15,882,422.40. The disclosure for this sale can be found here. In the last three months, insiders sold 35,188 shares of company stock valued at $3,998,655. Insiders own 1.90% of the company’s stock.

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.