GHP Investment Advisors Inc. Raises Position in TD SYNNEX Co. (NYSE:SNX)

GHP Investment Advisors Inc. increased its position in shares of TD SYNNEX Co. (NYSE:SNX) by 10.9% in the 3rd quarter, according to its most recent disclosure with the Securities & Exchange Commission. The institutional investor owned 14,304 shares of the business services provider’s stock after purchasing an additional 1,407 shares during the period. GHP Investment Advisors Inc.’s holdings in TD SYNNEX were worth $1,718,000 as of its most recent SEC filing.

A number of other hedge funds have also recently added to or reduced their stakes in the company. V Square Quantitative Management LLC purchased a new stake in shares of TD SYNNEX during the 3rd quarter worth $30,000. UMB Bank n.a. boosted its holdings in TD SYNNEX by 99.3% during the third quarter. UMB Bank n.a. now owns 289 shares of the business services provider’s stock worth $35,000 after buying an additional 144 shares in the last quarter. Kathleen S. Wright Associates Inc. acquired a new position in TD SYNNEX during the third quarter worth about $37,000. Blue Trust Inc. increased its holdings 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, GAMMA Investing LLC lifted its position in shares of TD SYNNEX by 217.5% during the 2nd quarter. GAMMA Investing LLC now owns 454 shares of the business services provider’s stock valued at $52,000 after acquiring an additional 311 shares during the period. Institutional investors and hedge funds own 84.00% of the company’s stock.

TD SYNNEX Stock Performance

NYSE:SNX opened at $120.58 on Monday. TD SYNNEX Co. has a 1-year low of $89.73 and a 1-year high of $133.85. The firm has a 50 day simple moving average of $118.10 and a 200-day simple moving average of $119.29. The firm has a market cap of $10.30 billion, a PE ratio of 16.89, a P/E/G ratio of 1.22 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 issued 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 company had revenue of $14.68 billion during the quarter, compared to the consensus estimate of $14.11 billion. TD SYNNEX had a return on equity of 12.15% and a net margin of 1.20%. TD SYNNEX’s revenue was up 5.2% on a year-over-year basis. During the same period in the previous year, the firm posted $2.71 EPS. On average, equities analysts expect that TD SYNNEX Co. will post 11.03 EPS for the current year.

TD SYNNEX Dividend Announcement

The business also recently disclosed a quarterly dividend, which was paid on Friday, October 25th. Stockholders of record on Friday, October 11th were paid a dividend of $0.40 per share. This represents a $1.60 dividend on an annualized basis and a dividend yield of 1.33%. The ex-dividend date was Friday, October 11th. TD SYNNEX’s dividend payout ratio is currently 22.41%.

Insider Activity

In related news, insider Dennis Polk sold 15,689 shares of the business’s stock in a transaction that occurred on Wednesday, October 2nd. The shares were sold at an average price of $116.93, for a total value of $1,834,514.77. Following the completion of the sale, the insider now directly owns 134,706 shares in the company, valued at approximately $15,751,172.58. The trade was a 0.00 % decrease in their ownership of the stock. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which can be accessed through the SEC website. In related news, insider Dennis Polk sold 15,689 shares of TD SYNNEX stock in a transaction on Wednesday, October 2nd. The stock was sold at an average price of $116.93, for a total value 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 trade represents a 0.00 % decrease in their ownership of the stock. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which can be accessed through the SEC website. Also, insider David R. Vetter sold 20,000 shares of the company’s stock in a transaction dated Friday, October 18th. The stock was sold at an average price of $123.14, for a total value of $2,462,800.00. Following the sale, the insider now owns 66,381 shares of the company’s stock, valued at $8,174,156.34. This represents a 0.00 % decrease in their ownership of the stock. The disclosure for this sale can be found here. Insiders sold a total of 74,954 shares of company stock valued at $8,918,668 in the last 90 days. 1.90% of the stock is currently owned by insiders.

Wall Street Analysts Forecast Growth

SNX has been the topic of a number of research reports. Royal Bank of Canada restated an “outperform” rating and issued a $140.00 price target on shares of TD SYNNEX in a report on Friday, September 27th. Barrington Research restated an “outperform” rating and issued a $138.00 price target on shares of TD SYNNEX in a research report on Monday, September 23rd. StockNews.com upgraded shares of TD SYNNEX from a “hold” rating to a “buy” rating in a research report on Friday, August 16th. Barclays raised their target price on shares of TD SYNNEX from $131.00 to $132.00 and gave the company an “equal weight” rating in a report on Friday, September 27th. Finally, Loop Capital reaffirmed a “buy” rating and issued a $150.00 price target on shares of TD SYNNEX in a report on Monday, October 7th. Three equities research analysts have rated the stock with a hold rating and six have given a buy rating to the stock. Based on data from MarketBeat, the stock currently has a consensus rating of “Moderate Buy” and a consensus price target 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.