Merline Saintil Sells 117 Shares of TD SYNNEX Co. (NYSE:SNX) Stock

TD SYNNEX Co. (NYSE:SNX) Director Merline Saintil sold 117 shares of the company’s stock in a transaction dated Wednesday, September 4th. The stock was sold at an average price of $115.16, for a total value of $13,473.72. Following the transaction, the director now directly owns 5,865 shares of the company’s stock, valued at $675,413.40. The transaction was disclosed in a filing with the SEC, which is accessible through this link.

Merline Saintil also recently made the following trade(s):

• On Wednesday, July 31st, Merline Saintil sold 117 shares of TD SYNNEX stock. The stock was sold at an average price of $118.95, for a total value of $13,917.15.

TD SYNNEX Price Performance

Shares of SNX opened at $110.96 on Friday. The company has a market capitalization of $9.48 billion, a price-to-earnings ratio of 15.54, a price-to-earnings-growth ratio of 1.21 and a beta of 1.49. TD SYNNEX Co. has a fifty-two week low of $89.73 and a fifty-two week high of $133.85. The firm has a 50-day simple moving average of $115.71 and a 200-day simple moving average of $116.62. The company has a debt-to-equity ratio of 0.47, a quick ratio of 0.78 and a current ratio of 1.26.

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 analysts’ consensus estimates of $2.66 by ($0.05). The company had revenue of $13.95 billion for the quarter, compared to analyst estimates of $14.12 billion. TD SYNNEX had a return on equity of 12.32% and a net margin of 1.14%. On average, equities research analysts anticipate that TD SYNNEX Co. will post 11.22 earnings per share for the current year.

TD SYNNEX Dividend Announcement

The company also recently disclosed a quarterly dividend, which was paid on Friday, July 26th. Shareholders of record on Friday, July 12th were paid a $0.40 dividend. The ex-dividend date was Friday, July 12th. This represents a $1.60 annualized dividend and a yield of 1.44%. TD SYNNEX’s dividend payout ratio is currently 22.41%.

Analyst Upgrades and Downgrades

A number of research firms have weighed in on SNX. StockNews.com raised shares of TD SYNNEX from a “hold” rating to a “buy” rating in a report on Friday, August 16th. JPMorgan Chase & Co. cut their price target on shares of TD SYNNEX from $126.00 to $123.00 and set a “neutral” rating on the stock in a research note on Wednesday, June 26th. Bank of America decreased their price objective on shares of TD SYNNEX from $135.00 to $132.00 and set a “buy” rating for the company in a research note on Thursday, June 27th. UBS Group lifted their target price on TD SYNNEX from $145.00 to $150.00 and gave the stock a “buy” rating in a research report on Wednesday, June 26th. Finally, Royal Bank of Canada raised TD SYNNEX from a “sector perform” rating to an “outperform” rating and upped their target price for the company from $135.00 to $140.00 in a research report on Monday, July 15th. Three investment analysts have rated the stock with a hold rating and seven have given a buy rating to the stock. According to data from MarketBeat, TD SYNNEX has a consensus rating of “Moderate Buy” and a consensus price target of $127.33.

Institutional Trading of TD SYNNEX

Several hedge funds have recently made changes to their positions in the company. Vanguard Group Inc. raised its holdings 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 worth $751,143,000 after purchasing an additional 1,261,474 shares in the last quarter. Pacer Advisors Inc. increased its position in 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 purchasing an additional 1,006,569 shares during the period. Dimensional Fund Advisors LP raised its stake in shares of TD SYNNEX by 8.6% during the 2nd quarter. Dimensional Fund Advisors LP now owns 2,239,852 shares of the business services provider’s stock worth $258,482,000 after buying an additional 177,460 shares in the last quarter. AQR Capital Management LLC lifted its holdings in shares of TD SYNNEX by 21.1% in the 2nd quarter. AQR Capital Management LLC now owns 1,546,105 shares of the business services provider’s stock valued at $178,421,000 after buying an additional 269,759 shares during the period. Finally, Nordea Investment Management AB boosted its stake in shares of TD SYNNEX by 38.5% in the first quarter. Nordea Investment Management AB now owns 1,518,406 shares of the business services provider’s stock valued at $172,081,000 after buying an additional 421,908 shares in the last quarter. Institutional investors and hedge funds own 84.00% of the company’s stock.

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.