Ann F. Vezina sells 1,937 shares of TD SYNNEX Co. (NYSE:SNX)

VaselineOctober 9, 2024

0 4 minutes read

TD SYNNEX Co. (NYSE:SNX – Get Your Free Report ) Director Ann F. Vezina sold 1,937 shares of the stock in a transaction that occurred on Wednesday, October 9th. The stock was sold at an average price of $121.11, for a total value of $234,590.07. Following the completion of the transaction, the director now owns 5,695 shares in the company, valued at approximately $689,721.45. The trade was a 0.00% decrease in their position. The sale was disclosed in an SEC filing, which is available at this link.

TD SYNNEX Stock Performance

Shares of SNX traded up $0.77 during trading on Wednesday, reaching $121.13. The company’s stock had a trading volume of 289,975 shares, compared to its average volume of 812,701. The company has a fifty day moving average of $116.28 and a 200 day moving average of $118.75. The company has a market cap of $10.31 billion, a PE ratio of 16.99, a P/E/G ratio of 1.18 and a beta of 1.48. TD SYNNEX Co. it has a 52-week low of $89.73 and a 52-week high of $133.85. The company has a current ratio of 1.25, a quick ratio of 0.77, and a debt-to-equity ratio of 0.46.

TD SYNNEX (NYSE:SNX – Get Your Free Report ) last announced its earnings results on Thursday, September 26th. The business services provider reported $2.86 earnings per share (EPS) for the quarter, beating the consensus estimate of $2.80 by $0.06. The firm had revenue of $14.68 billion during the quarter, compared to analyst estimates of $14.11 billion. TD SYNNEX had a return on equity of 12.15% and a net margin of 1.20%. The company’s revenue was up 5.2% compared to the same quarter last year. During the same period last year, the firm posted EPS of $2.71. As a group, research analysts anticipate that TD SYNNEX Co. will post 11.06 earnings per share for the current year.

TD SYNNEX announces dividend

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The company also recently declared a quarterly dividend, which will be paid on Friday, October 25th. Stockholders of record on Friday, October 11th will be given a dividend of $0.40 per share. The ex-dividend date of this dividend is Friday, October 11. This represents an annualized dividend of $1.60 and a dividend yield of 1.32%. TD SYNNEX’s payout ratio is 22.41%.

Institutional investors are investing in TD SYNNEX

A number of hedge funds and other institutional investors have recently added to or reduced their stakes in the company. Benjamin F. Edwards & Company Inc. raised its stake in shares of TD SYNNEX by 121.7% in the first quarter. Benjamin F. Edwards & Company Inc. now owns 255 shares of the business services provider’s stock worth $29,000 after purchasing an additional 140 shares during the last quarter. Rise Advisors LLC acquired a new position in TD SYNNEX in the first quarter valued at approximately $32,000. UMB Bank Na grew its holdings in TD SYNNEX by 99.3% during the 3rd quarter. UMB Bank Na now owns 289 shares of the business services provider’s stock valued at $35,000 after acquiring an additional 144 shares in the that period. Pineridge Advisors LLC purchased a new stake in shares of TD SYNNEX in the fourth quarter valued at $33,000. Finally, Blue Trust Inc. raised its position in shares of 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 during the last quarter. 84.00% of the shares are currently held by institutional investors.

Analysts set new price targets

A number of brokerages recently issued reports on SNX. Bank of America cut 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. Loop Capital reaffirmed a “buy” rating and issued a $150.00 price objective on shares of TD SYNNEX in a research note on Monday. Barrington Research reiterated an “outperform” rating and set a $138.00 price objective on shares of TD SYNNEX in a report on Monday, September 23rd. Royal Bank of Canada restated an “outperform” rating and issued a $140.00 target price on shares of TD SYNNEX in a report on Friday, September 27th. Finally, StockNews.com upgraded TD SYNNEX from a “hold” rating to a “buy” rating in a research note on Friday, August 16th. Three analysts have rated the stock with a hold rating and six have given a buy rating to the company’s stock. The company has an average rating of “Moderate Buy” and a consensus price target of $134.75, according to MarketBeat.com.

Check out the latest stock report on SNX

TD SYNNEX Company Profile

(Get a free report)

TD SYNNEX Corporation operates as a distributor and aggregator of solutions for the information technology (IT) ecosystem. The company offers personal computing devices and peripherals, mobile phones and accessories, printers, consumables and end-technology software; and data center technologies such as hybrid cloud, security, storage, networking, servers, technology software, and converged and hyperconverged infrastructure, as well as compute components.