TD SYNNEX Co. (NYSE:SNX) Shares Purchased by Pacer Advisors Inc.

Pacer Advisors Inc. raised its holdings in TD SYNNEX Co. (NYSE:SNX) by 58.9% in the second quarter, according to its most recent 13F filing with the Securities and Exchange Commission. The fund owned 2,716,372 shares of the business services provider’s stock after acquiring an additional 1,006,569 shares during the quarter. Pacer Advisors Inc. owned 3.18% of TD SYNNEX worth $313,469,000 as of its most recent filing with the Securities and Exchange Commission.

Other large investors also recently made changes to their positions in the company. Vanguard Group Inc. lifted its stake in TD SYNNEX by 23.4% during the first quarter. Vanguard Group Inc. now owns 6,641,402 shares of the business services provider’s stock valued at $751,143,000 after purchasing an additional 1,261,474 shares during the last quarter. Ninety One UK Ltd lifted its position in shares of TD SYNNEX by 131.0% during the 2nd quarter. Ninety One UK Ltd now owns 1,371,737 shares of the business services provider’s stock valued at $158,298,000 after acquiring an additional 777,924 shares during the last quarter. Norges Bank bought a new stake in shares of TD SYNNEX during the 4th quarter worth $79,506,000. Lind Value II ApS acquired a new position in shares of TD SYNNEX in the 1st quarter worth $77,858,000. Finally, Lord Abbett & CO. LLC acquired a new stake in shares of TD SYNNEX during the first quarter worth $57,981,000. Institutional investors own 84.00% of the company’s stock.

Analyst Ratings Changes

A number of equities analysts recently weighed in on the company. UBS Group increased their price target on TD SYNNEX from $145.00 to $150.00 and gave the company a “buy” rating in a research report on Wednesday, June 26th. Bank of America dropped their target price on shares of TD SYNNEX from $135.00 to $132.00 and set a “buy” rating on the stock in a research report on Thursday, June 27th. 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 research report on Monday, July 15th. JPMorgan Chase & Co. lowered their price objective 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, StockNews.com upgraded TD SYNNEX from a “hold” rating to a “buy” rating in a report on Friday, August 16th. Three 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, TD SYNNEX currently has an average rating of “Moderate Buy” and a consensus price target of $128.25.

Insider Buying and Selling

In other TD SYNNEX news, COO Patrick Zammit sold 3,513 shares of the business’s stock in a transaction dated Friday, July 12th. The stock was sold at an average price of $113.28, for a total value of $397,952.64. Following the completion of the sale, the chief operating officer now owns 140,205 shares of the company’s stock, valued at $15,882,422.40. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is available through this link. In other TD SYNNEX news, CFO Marshall Witt sold 11,441 shares of the stock in a transaction that occurred on Wednesday, August 7th. The stock was sold at an average price of $110.14, for a total transaction of $1,260,111.74. Following the transaction, the chief financial officer now 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 at the SEC website. Also, COO Patrick Zammit sold 3,513 shares of TD SYNNEX stock in a transaction that occurred on Friday, July 12th. The shares were sold at an average price of $113.28, for a total transaction of $397,952.64. Following the completion of the transaction, the chief operating officer now directly owns 140,205 shares in the company, valued at approximately $15,882,422.40. The disclosure for this sale can be found here. Over the last three months, insiders sold 35,188 shares of company stock worth $3,998,655. Corporate insiders own 1.90% of the company’s stock.

TD SYNNEX Trading Down 0.7 %

Shares of NYSE:SNX opened at $118.03 on Friday. The firm has a fifty day moving average of $116.04 and a two-hundred day moving average of $117.38. The company has a quick ratio of 0.78, a current ratio of 1.26 and a debt-to-equity ratio of 0.47. TD SYNNEX Co. has a 12-month low of $89.73 and a 12-month high of $133.85. The firm has a market capitalization of $10.09 billion, a P/E ratio of 16.53, a price-to-earnings-growth ratio of 1.13 and a beta of 1.49.

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

TD SYNNEX Announces Dividend

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

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.