Sanctuary Advisors LLC Takes $2.01 Million Position in TD SYNNEX Co. (NYSE:SNX)

Sanctuary Advisors LLC purchased a new stake in TD SYNNEX Co. (NYSE:SNX) in the second quarter, according to the company in its most recent disclosure with the Securities & Exchange Commission. The fund purchased 17,102 shares of the business services provider’s stock, valued at approximately $2,008,000.

A number of other large investors have also recently bought and sold shares of the company. Benjamin F. Edwards & Company Inc. boosted its position in shares of TD SYNNEX by 121.7% during the 1st quarter. Benjamin F. Edwards & Company Inc. now owns 255 shares of the business services provider’s stock worth $29,000 after acquiring an additional 140 shares in the last quarter. Rise Advisors LLC bought a new position in shares of TD SYNNEX in the 1st quarter valued at $32,000. Pineridge Advisors LLC bought a new stake in shares of TD SYNNEX during the 4th quarter worth $33,000. Blue Trust Inc. boosted its stake in TD SYNNEX by 52.3% in the second quarter. Blue Trust Inc. now owns 358 shares of the business services provider’s stock valued at $40,000 after buying an additional 123 shares in the last quarter. Finally, Ashton Thomas Private Wealth LLC acquired a new position in TD SYNNEX during the second quarter worth about $52,000. 84.00% of the stock is currently owned by institutional investors and hedge funds.

Insider Buying and Selling

In other TD SYNNEX news, insider Dennis Polk sold 15,689 shares of the stock in a transaction that occurred on Wednesday, October 2nd. The stock was sold at an average price of $116.93, for a total transaction of $1,834,514.77. Following the transaction, the insider now directly owns 134,706 shares in the company, valued at approximately $15,751,172.58. This represents a 0.00 % decrease in their position. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is accessible through this link. In other news, insider Dennis Polk sold 15,689 shares of the company’s 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 transaction, the insider now owns 134,706 shares in the company, valued at approximately $15,751,172.58. This represents a 0.00 % decrease in their ownership of the stock. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is accessible through this link. Also, 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 completion of the sale, the chief financial officer now owns 45,115 shares of the company’s stock, valued at approximately $4,968,966.10. This represents a 0.00 % decrease in their ownership of the stock. The disclosure for this sale can be found here. Insiders sold 30,877 shares of company stock valued at $3,519,970 over the last 90 days. Company insiders own 1.90% of the company’s stock.

TD SYNNEX Price Performance

Shares of SNX opened at $120.36 on Wednesday. The business has a 50-day moving average of $116.28 and a 200-day moving average of $118.75. TD SYNNEX Co. has a 1 year low of $89.73 and a 1 year high of $133.85. The company has a market capitalization of $10.29 billion, a price-to-earnings ratio of 16.86, a price-to-earnings-growth ratio of 1.18 and a beta of 1.48. The company has a debt-to-equity ratio of 0.46, a current ratio of 1.25 and a quick ratio of 0.77.

TD SYNNEX (NYSE:SNX) last posted its quarterly earnings data 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. TD SYNNEX had a net margin of 1.20% and a return on equity of 12.15%. The company had revenue of $14.68 billion for the quarter, compared to analyst estimates of $14.11 billion. During the same period in the prior year, the firm posted $2.71 EPS. The company’s quarterly revenue was up 5.2% on a year-over-year basis. As a group, equities research analysts anticipate that TD SYNNEX Co. will post 11.06 earnings per share for the current year.

TD SYNNEX Announces Dividend

The firm also recently announced a quarterly dividend, which will be paid on Friday, October 25th. Investors of record on Friday, October 11th will be given a dividend of $0.40 per share. The ex-dividend date is Friday, October 11th. This represents a $1.60 annualized dividend and a dividend yield of 1.33%. TD SYNNEX’s payout ratio is 22.41%.

Analyst Ratings Changes

SNX has been the topic of several research reports. StockNews.com raised shares of TD SYNNEX from a “hold” rating to a “buy” rating in a report on Friday, August 16th. 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 note on Wednesday, June 26th. Loop Capital restated a “buy” rating and set a $150.00 price objective on shares of TD SYNNEX in a research report on Monday. Barrington Research reiterated an “outperform” rating and issued a $138.00 target price on shares of TD SYNNEX in a research report on Monday, September 23rd. Finally, Bank of America reduced their price target on TD SYNNEX from $135.00 to $132.00 and set a “buy” rating on the stock in a report on Thursday, June 27th. Three investment analysts have rated the stock with a hold rating and six have given a buy rating to the company’s stock. According to data from MarketBeat.com, the company currently has an average rating of “Moderate Buy” and a consensus target price of $134.75.

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.