Atria Investments Inc Buys 112 Shares of TD SYNNEX Co. (NYSE:SNX)

Atria Investments Inc grew its stake in TD SYNNEX Co. (NYSE:SNX) by 4.1% during the third quarter, according to its most recent Form 13F filing with the Securities & Exchange Commission. The institutional investor owned 2,862 shares of the business services provider’s stock after purchasing an additional 112 shares during the quarter. Atria Investments Inc’s holdings in TD SYNNEX were worth $344,000 at the end of the most recent reporting period.

A number of other large investors also recently modified their holdings of the stock. Hancock Whitney Corp increased its position in TD SYNNEX by 57.9% in the second quarter. Hancock Whitney Corp now owns 16,929 shares of the business services provider’s stock worth $1,954,000 after buying an additional 6,207 shares during the last quarter. Wedge Capital Management L L P NC boosted its stake in TD SYNNEX by 20.3% during the second quarter. Wedge Capital Management L L P NC now owns 31,146 shares of the business services provider’s stock valued at $3,594,000 after buying an additional 5,252 shares during the period. Friedenthal Financial bought a new stake in TD SYNNEX during the second quarter worth about $967,000. ClariVest Asset Management LLC increased its holdings in shares of TD SYNNEX by 45,552.8% in the second quarter. ClariVest Asset Management LLC now owns 16,435 shares of the business services provider’s stock worth $1,897,000 after buying an additional 16,399 shares during the period. Finally, Tidal Investments LLC lifted its stake in shares of TD SYNNEX by 55.7% in the 1st quarter. Tidal Investments LLC now owns 17,508 shares of the business services provider’s stock valued at $1,980,000 after acquiring an additional 6,265 shares during the last quarter. Institutional investors own 84.00% of the company’s stock.

Insider Buying and Selling at TD SYNNEX

In related news, insider Simon Leung sold 6,249 shares of the company’s stock in a transaction dated Wednesday, November 6th. The shares were sold at an average price of $123.17, for a total transaction of $769,689.33. Following the completion of the transaction, the insider now owns 23,339 shares in the company, valued at $2,874,664.63. This represents a 21.12 % decrease in their position. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is available at the SEC website. Also, insider Dennis Polk sold 15,689 shares of the stock in a transaction dated Wednesday, October 2nd. The shares were sold at an average price of $116.93, for a total transaction of $1,834,514.77. Following the completion of the sale, the insider now owns 134,706 shares of the company’s stock, valued at approximately $15,751,172.58. The trade was a 10.43 % decrease in their position. The disclosure for this sale can be found here. Over the last three months, insiders have sold 69,645 shares of company stock valued at $8,414,329. 1.90% of the stock is owned by insiders.

Analyst Upgrades and Downgrades

A number of research analysts have commented on the company. StockNews.com raised TD SYNNEX from a “hold” rating to a “buy” rating in a research report on Friday, August 16th. Barrington Research reissued an “outperform” rating and issued a $138.00 target price on shares of TD SYNNEX in a research report on Monday, September 23rd. Royal Bank of Canada restated an “outperform” rating and issued a $140.00 price target on shares of TD SYNNEX in a research note on Friday, September 27th. Loop Capital restated a “buy” rating and issued a $150.00 price target on shares of TD SYNNEX in a research note on Monday, October 7th. Finally, Barclays increased their target price on TD SYNNEX from $131.00 to $132.00 and gave the company an “equal weight” rating in a research note on Friday, September 27th. Three investment analysts have rated the stock with a hold rating and six have assigned a buy rating to the company’s stock. According to data from MarketBeat.com, the stock has a consensus rating of “Moderate Buy” and a consensus price target of $134.75.

TD SYNNEX Trading Up 0.5 %

SNX opened at $116.55 on Friday. The firm has a market cap of $9.92 billion, a P/E ratio of 15.08, a P/E/G ratio of 1.15 and a beta of 1.48. TD SYNNEX Co. has a 12 month low of $96.93 and a 12 month high of $133.85. The company has a current ratio of 1.25, a quick ratio of 0.77 and a debt-to-equity ratio of 0.46. The stock has a 50-day moving average of $118.78 and a 200 day moving average of $119.68.

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

TD SYNNEX Announces Dividend

The business also recently disclosed a quarterly dividend, which was paid on Friday, October 25th. Stockholders of record on Friday, October 11th were issued a dividend of $0.40 per share. This represents a $1.60 dividend on an annualized basis and a dividend yield of 1.37%. The ex-dividend date was Friday, October 11th. TD SYNNEX’s dividend payout ratio (DPR) is presently 20.70%.

TD SYNNEX 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.