International Assets Investment Management LLC Has $173,000 Holdings in TD SYNNEX Co. (NYSE:SNX)

International Assets Investment Management LLC raised its stake in shares of TD SYNNEX Co. (NYSE:SNX) by 11,908.3% in the third quarter, according to its most recent 13F filing with the SEC. The fund owned 1,441 shares of the business services provider’s stock after purchasing an additional 1,429 shares during the period. International Assets Investment Management LLC’s holdings in TD SYNNEX were worth $173,000 as of its most recent SEC filing.

A number of other hedge funds and other institutional investors have also recently added to or reduced their stakes in the stock. Stanley Laman Group Ltd. grew its holdings in TD SYNNEX by 6.7% during the third quarter. Stanley Laman Group Ltd. now owns 25,586 shares of the business services provider’s stock worth $3,072,000 after buying an additional 1,601 shares in the last quarter. Foundations Investment Advisors LLC purchased a new position in TD SYNNEX during the 3rd quarter worth $212,000. Allspring Global Investments Holdings LLC raised its holdings in shares of TD SYNNEX by 170.1% in the third quarter. Allspring Global Investments Holdings LLC now owns 81,714 shares of the business services provider’s stock valued at $9,812,000 after purchasing an additional 51,465 shares during the last quarter. Stratos Investment Management LLC lifted its position in shares of TD SYNNEX by 5.6% during the third quarter. Stratos Investment Management LLC now owns 28,115 shares of the business services provider’s stock valued at $3,376,000 after purchasing an additional 1,486 shares in the last quarter. Finally, V Square Quantitative Management LLC bought a new position in shares of TD SYNNEX during the third quarter valued at about $30,000. 84.00% of the stock is owned by institutional investors.

Insider Buying and Selling

In related news, insider David R. Vetter sold 20,000 shares of the stock in a transaction on Friday, October 18th. The stock was sold at an average price of $123.14, for a total value of $2,462,800.00. Following the transaction, the insider now owns 66,381 shares of the company’s stock, valued at $8,174,156.34. This represents a 0.00 % decrease in their ownership of the stock. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is available through the SEC website. In related news, insider Dennis Polk sold 15,689 shares of TD SYNNEX stock in a transaction on Wednesday, October 2nd. The shares were sold at an average price of $116.93, for a total value of $1,834,514.77. Following the transaction, the insider now directly owns 134,706 shares of the company’s stock, valued at $15,751,172.58. The trade was a 0.00 % decrease in their ownership of the stock. The sale was disclosed in a filing with the Securities & Exchange Commission, which is available through this link. Also, insider David R. Vetter sold 20,000 shares of the company’s stock in a transaction on Friday, October 18th. The shares were sold at an average price of $123.14, for a total transaction of $2,462,800.00. Following the sale, the insider now owns 66,381 shares of the company’s stock, valued at $8,174,156.34. This represents a 0.00 % decrease in their ownership of the stock. The disclosure for this sale can be found here. Insiders sold a total of 63,396 shares of company stock worth $7,644,640 over the last ninety days. 1.90% of the stock is owned by corporate insiders.

TD SYNNEX Trading Up 4.6 %

Shares of SNX opened at $123.85 on Thursday. The firm has a market cap of $10.54 billion, a P/E ratio of 16.02, a price-to-earnings-growth ratio of 1.17 and a beta of 1.48. TD SYNNEX Co. has a fifty-two week low of $92.66 and a fifty-two week high of $133.85. The company has a debt-to-equity ratio of 0.46, a quick ratio of 0.77 and a current ratio of 1.25. The business has a 50-day moving average of $117.87 and a 200 day moving average of $119.53.

TD SYNNEX (NYSE:SNX) last announced its quarterly earnings results on Thursday, September 26th. The business services provider reported $2.86 EPS for the quarter, beating analysts’ consensus estimates of $2.80 by $0.06. The company had revenue of $14.68 billion for the quarter, compared to analysts’ expectations of $14.11 billion. TD SYNNEX had a net margin of 1.20% and a return on equity of 12.15%. TD SYNNEX’s revenue was up 5.2% compared to the same quarter last year. During the same period in the prior year, the company posted $2.71 EPS. As a group, research analysts forecast that TD SYNNEX Co. will post 11.03 EPS for the current year.

TD SYNNEX Dividend Announcement

The company also recently declared a quarterly dividend, which was paid on Friday, October 25th. Shareholders of record on Friday, October 11th were issued a $0.40 dividend. This represents a $1.60 annualized dividend and a yield of 1.29%. The ex-dividend date of this dividend was Friday, October 11th. TD SYNNEX’s payout ratio is 20.70%.

Analyst Upgrades and Downgrades

Several equities research analysts have commented on SNX shares. Barclays increased their price objective on shares of TD SYNNEX from $131.00 to $132.00 and gave the company an “equal weight” rating in a research note on Friday, September 27th. Loop Capital reiterated a “buy” rating and set a $150.00 price target on shares of TD SYNNEX in a report on Monday, October 7th. StockNews.com upgraded TD SYNNEX from a “hold” rating to a “buy” rating in a research note on Friday, August 16th. Royal Bank of Canada reiterated an “outperform” rating and set a $140.00 target price on shares of TD SYNNEX in a research note on Friday, September 27th. Finally, Barrington Research restated an “outperform” rating and set a $138.00 price target on shares of TD SYNNEX in a research report on Monday, September 23rd. Three equities 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, the company has an average rating of “Moderate Buy” and a consensus price target of $134.75.

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.