Captrust Financial Advisors Lowers Holdings in TD SYNNEX Co. (NYSE:SNX)

Captrust Financial Advisors trimmed its holdings in TD SYNNEX Co. (NYSE:SNX) by 2.9% during the 4th quarter, according to the company in its most recent Form 13F filing with the SEC. The fund owned 10,015 shares of the business services provider’s stock after selling 303 shares during the quarter. Captrust Financial Advisors’ holdings in TD SYNNEX were worth $1,175,000 at the end of the most recent reporting period.

Several other hedge funds also recently added to or reduced their stakes in SNX. Algert Global LLC purchased a new stake in TD SYNNEX during the fourth quarter worth $1,828,000. Jane Street Group LLC lifted its holdings in TD SYNNEX by 0.6% during the fourth quarter. Jane Street Group LLC now owns 107,787 shares of the business services provider’s stock valued at $12,641,000 after purchasing an additional 676 shares in the last quarter. Comerica Bank lifted its holdings in TD SYNNEX by 6.7% during the fourth quarter. Comerica Bank now owns 44,728 shares of the business services provider’s stock valued at $5,246,000 after purchasing an additional 2,828 shares in the last quarter. Utah Retirement Systems lifted its holdings in TD SYNNEX by 2.5% during the fourth quarter. Utah Retirement Systems now owns 4,100 shares of the business services provider’s stock valued at $481,000 after purchasing an additional 100 shares in the last quarter. Finally, Northern Trust Corp lifted its holdings in TD SYNNEX by 21.9% during the fourth quarter. Northern Trust Corp now owns 649,981 shares of the business services provider’s stock valued at $76,230,000 after purchasing an additional 116,571 shares in the last quarter. 84.00% of the stock is owned by hedge funds and other institutional investors.

Insider Buying and Selling

In other TD SYNNEX news, insider Miriam Anne Murphy sold 3,000 shares of the stock in a transaction that occurred on Wednesday, April 30th. The shares were sold at an average price of $110.00, for a total value of $330,000.00. Following the completion of the sale, the insider now owns 14,883 shares of the company’s stock, valued at $1,637,130. This trade represents a 16.78% decrease in their ownership of the stock. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is available through the SEC website. Also, CFO Marshall Witt sold 1,510 shares of the stock in a transaction that occurred on Tuesday, March 18th. The shares were sold at an average price of $128.08, for a total transaction of $193,400.80. Following the completion of the sale, the chief financial officer now directly owns 49,843 shares of the company’s stock, valued at $6,383,891.44. This trade represents a 2.94% decrease in their position. The disclosure for this sale can be found here. In the last quarter, insiders sold 24,510 shares of company stock valued at $3,241,001. 1.00% of the stock is currently owned by corporate insiders.

Wall Street Analyst Weigh In

SNX has been the subject of a number of recent research reports. UBS Group reduced their target price on shares of TD SYNNEX from $150.00 to $138.00 and set a “buy” rating for the company in a research report on Friday, March 28th. Cfra reduced their target price on shares of TD SYNNEX from $147.00 to $132.00 and set a “buy” rating for the company in a research report on Friday, March 28th. The Goldman Sachs Group reduced their target price on shares of TD SYNNEX from $154.00 to $137.00 and set a “buy” rating for the company in a research report on Friday, March 28th. Barrington Research reiterated an “outperform” rating and issued a $156.00 target price on shares of TD SYNNEX in a research report on Friday, April 11th. Finally, Royal Bank of Canada reduced their target price on shares of TD SYNNEX from $165.00 to $145.00 and set an “outperform” rating for the company in a research report on Friday, April 11th. Three equities research analysts have rated the stock with a hold rating and seven have assigned a buy rating to the company’s stock. Based on data from MarketBeat, TD SYNNEX has an average rating of “Moderate Buy” and a consensus target price of $137.22.

TD SYNNEX Price Performance

Shares of NYSE SNX opened at $124.46 on Thursday. The firm has a market capitalization of $10.44 billion, a P/E ratio of 15.64, a PEG ratio of 1.06 and a beta of 1.33. TD SYNNEX Co. has a one year low of $92.23 and a one year high of $145.10. The company’s fifty day moving average is $113.42 and its two-hundred day moving average is $123.16. The company has a debt-to-equity ratio of 0.46, a quick ratio of 0.76 and a current ratio of 1.24.

TD SYNNEX (NYSE:SNX) last released its quarterly earnings data on Thursday, March 27th. The business services provider reported $2.80 EPS for the quarter, missing the consensus estimate of $2.87 by ($0.07). TD SYNNEX had a return on equity of 11.91% and a net margin of 1.18%. The business had revenue of $14.53 billion during the quarter, compared to analysts’ expectations of $14.79 billion. During the same quarter in the prior year, the firm earned $2.99 earnings per share. TD SYNNEX’s quarterly revenue was up 4.0% on a year-over-year basis. Analysts forecast that TD SYNNEX Co. will post 11.88 EPS for the current fiscal year.

TD SYNNEX Dividend Announcement

The business also recently disclosed a quarterly dividend, which was paid on Friday, April 25th. Stockholders of record on Friday, April 11th were paid a dividend of $0.44 per share. This represents a $1.76 dividend on an annualized basis and a dividend yield of 1.41%. The ex-dividend date was Friday, April 11th. TD SYNNEX’s dividend payout ratio is currently 21.97%.

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.