Crossmark Global Holdings Inc. Purchases 777 Shares of TD SYNNEX Co. (NYSE:SNX)

Crossmark Global Holdings Inc. raised its position in TD SYNNEX Co. (NYSE:SNX) by 15.0% during the third quarter, Holdings Channel reports. The firm owned 5,964 shares of the business services provider’s stock after purchasing an additional 777 shares during the period. Crossmark Global Holdings Inc.’s holdings in TD SYNNEX were worth $716,000 at the end of the most recent quarter.

A number of other institutional investors also recently modified their holdings of SNX. Hancock Whitney Corp lifted its holdings in TD SYNNEX by 57.9% in the second quarter. Hancock Whitney Corp now owns 16,929 shares of the business services provider’s stock valued at $1,954,000 after buying an additional 6,207 shares during the period. Wedge Capital Management L L P NC raised its position in shares of TD SYNNEX by 20.3% in the 2nd quarter. Wedge Capital Management L L P NC now owns 31,146 shares of the business services provider’s stock worth $3,594,000 after acquiring an additional 5,252 shares in the last quarter. Friedenthal Financial acquired a new position in shares of TD SYNNEX in the 2nd quarter valued at about $967,000. ClariVest Asset Management LLC boosted its position in shares of TD SYNNEX by 45,552.8% during the 2nd quarter. ClariVest Asset Management LLC now owns 16,435 shares of the business services provider’s stock valued at $1,897,000 after purchasing an additional 16,399 shares in the last quarter. Finally, Tidal Investments LLC grew its stake in TD SYNNEX by 55.7% during the first quarter. Tidal Investments LLC now owns 17,508 shares of the business services provider’s stock worth $1,980,000 after purchasing an additional 6,265 shares during the period. 84.00% of the stock is owned by institutional investors.

Insider Buying and Selling at TD SYNNEX

In other news, CFO Marshall Witt sold 5,653 shares of the stock in a transaction that occurred on Wednesday, October 9th. The shares were sold at an average price of $121.15, for a total transaction of $684,860.95. Following the completion of the transaction, the chief financial officer now directly owns 38,279 shares of the company’s stock, valued at $4,637,500.85. This represents a 12.87 % decrease in their position. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is available at the SEC website. Also, insider Simon Leung sold 6,249 shares of TD SYNNEX stock in a transaction that occurred on Wednesday, November 6th. The stock was sold at an average price of $123.17, for a total transaction of $769,689.33. Following the completion of the sale, the insider now directly owns 23,339 shares in the company, valued at $2,874,664.63. This trade represents a 21.12 % decrease in their position. The disclosure for this sale can be found here. Insiders sold 69,645 shares of company stock worth $8,414,329 in the last quarter. 1.90% of the stock is currently owned by company insiders.

Wall Street Analysts Forecast Growth

Several brokerages have issued reports on SNX. Royal Bank of Canada reissued an “outperform” rating and issued a $140.00 price target on shares of TD SYNNEX in a research note on Friday, September 27th. Barclays increased their target price on shares of TD SYNNEX from $131.00 to $132.00 and gave the stock an “equal weight” rating in a research note on Friday, September 27th. StockNews.com raised shares of TD SYNNEX from a “hold” rating to a “buy” rating in a research note on Friday, August 16th. Loop Capital reissued a “buy” rating and set a $150.00 price objective on shares of TD SYNNEX in a research report on Monday, October 7th. Finally, Barrington Research restated an “outperform” rating and issued a $138.00 target price on shares of TD SYNNEX in a research note on Monday, September 23rd. Three investment analysts have rated the stock with a hold rating and six have given a buy rating to the company. According to data from MarketBeat.com, TD SYNNEX presently has a consensus rating of “Moderate Buy” and an average target price of $134.75.

TD SYNNEX Stock Down 0.3 %

Shares of NYSE:SNX opened at $115.30 on Friday. The stock has a market cap of $9.81 billion, a price-to-earnings ratio of 14.92, a PEG ratio of 1.19 and a beta of 1.48. The business’s 50 day moving average is $118.35 and its 200 day moving average is $119.70. TD SYNNEX Co. has a 12-month low of $96.93 and a 12-month high of $133.85. The company has a quick ratio of 0.77, a current ratio of 1.25 and a debt-to-equity ratio of 0.46.

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 the consensus estimate of $2.80 by $0.06. TD SYNNEX had a net margin of 1.20% and a return on equity of 12.15%. The firm had revenue of $14.68 billion during the quarter, compared to analyst estimates of $14.11 billion. During the same quarter last year, the business posted $2.71 EPS. The company’s revenue for the quarter was up 5.2% on a year-over-year basis. On average, sell-side analysts forecast that TD SYNNEX Co. will post 11.03 earnings per share for the current fiscal year.

TD SYNNEX Announces Dividend

The firm also recently disclosed a quarterly dividend, which was paid on Friday, October 25th. Shareholders of record on Friday, October 11th were paid a $0.40 dividend. The ex-dividend date of this dividend was Friday, October 11th. This represents a $1.60 dividend on an annualized basis and a yield of 1.39%. TD SYNNEX’s dividend payout ratio (DPR) is presently 20.70%.

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.