Thrivent Financial for Lutherans Has $6.50 Million Stock Holdings in TD SYNNEX Co. (NYSE:SNX)

Thrivent Financial for Lutherans grew its position in TD SYNNEX Co. (NYSE:SNX) by 294.0% in the second quarter, according to its most recent 13F filing with the Securities and Exchange Commission. The firm owned 56,323 shares of the business services provider’s stock after acquiring an additional 42,028 shares during the quarter. Thrivent Financial for Lutherans owned 0.07% of TD SYNNEX worth $6,499,000 as of its most recent SEC filing.

Other institutional investors also recently modified their holdings of the company. Sei Investments Co. boosted its stake in TD SYNNEX by 208.5% during the second quarter. Sei Investments Co. now owns 29,334 shares of the business services provider’s stock worth $3,385,000 after buying an additional 19,826 shares in the last quarter. Pacer Advisors Inc. lifted its holdings in shares of TD SYNNEX by 58.9% during the 2nd quarter. Pacer Advisors Inc. now owns 2,716,372 shares of the business services provider’s stock worth $313,469,000 after acquiring an additional 1,006,569 shares during the period. Intech Investment Management LLC acquired a new stake in shares of TD SYNNEX during the 2nd quarter valued at about $1,634,000. Burgundy Asset Management Ltd. increased its stake in TD SYNNEX by 1.4% in the second quarter. Burgundy Asset Management Ltd. now owns 573,948 shares of the business services provider’s stock valued at $66,234,000 after acquiring an additional 8,187 shares during the period. Finally, Resolute Capital Asset Partners LLC acquired a new position in TD SYNNEX in the second quarter worth about $2,885,000. Institutional investors and hedge funds own 84.00% of the company’s stock.

TD SYNNEX Trading Up 1.2 %

Shares of NYSE SNX opened at $118.71 on Friday. TD SYNNEX Co. has a 1-year low of $89.73 and a 1-year high of $133.85. The company has a 50-day moving average of $116.14 and a two-hundred day moving average of $117.76. The company has a market cap of $10.14 billion, a PE ratio of 16.63, a P/E/G ratio of 1.18 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 (NYSE:SNX) last posted its quarterly earnings data on Tuesday, June 25th. The business services provider reported $2.61 earnings per share for the quarter, missing the consensus estimate of $2.66 by ($0.05). The company 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, equities analysts expect that TD SYNNEX Co. will post 11.22 earnings per share for the current fiscal year.

Insider Activity

In related news, CFO Marshall Witt sold 11,441 shares of TD SYNNEX stock in a transaction dated Wednesday, August 7th. The stock was sold at an average price of $110.14, for a total value of $1,260,111.74. Following the completion of the sale, the chief financial officer now directly owns 45,115 shares in the company, valued at $4,968,966.10. The sale was disclosed in a filing with the SEC, which is available through the SEC website. In other news, CFO Marshall Witt sold 11,441 shares of the firm’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 transaction, the chief financial officer now owns 45,115 shares of the company’s stock, valued at approximately $4,968,966.10. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which can be accessed through the SEC website. Also, COO Patrick Zammit sold 3,513 shares of the business’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 sale, the chief operating officer now directly owns 140,205 shares of the company’s stock, valued at $15,882,422.40. The disclosure for this sale can be found here. In the last ninety days, insiders sold 15,188 shares of company stock valued at $1,685,455. Company insiders own 1.90% of the company’s stock.

Wall Street Analysts Forecast Growth

A number of equities analysts have recently issued reports on SNX shares. StockNews.com raised TD SYNNEX from a “hold” rating to a “buy” rating in a report on Friday, August 16th. Royal Bank of Canada upgraded shares of TD SYNNEX from a “sector perform” rating to an “outperform” rating and boosted their target price for the company from $135.00 to $140.00 in a research note on Monday, July 15th. UBS Group increased their target price on shares of TD SYNNEX from $145.00 to $150.00 and gave the stock a “buy” rating in a research report on Wednesday, June 26th. Barrington Research restated an “outperform” rating and issued a $138.00 price target on shares of TD SYNNEX in a research report on Monday. Finally, JPMorgan Chase & Co. dropped their price objective 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. Three research analysts have rated the stock with a hold rating and six have given a buy rating to the company. Based on data from MarketBeat, the stock presently has a consensus rating of “Moderate Buy” and a consensus target price of $128.25.

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.