Qsemble Capital Management LP acquired a new position in shares of TD SYNNEX Corporation (NYSE:SNX – Free Report) in the 4th quarter, HoldingsChannel reports. The institutional investor acquired 29,913 shares of the business services provider’s stock, valued at approximately $4,494,000.
Other institutional investors and hedge funds have also bought and sold shares of the company. Dorato Capital Management acquired a new position in TD SYNNEX in the 4th quarter worth about $27,000. Ossiam increased its holdings in TD SYNNEX by 84.3% in the 3rd quarter. Ossiam now owns 164 shares of the business services provider’s stock worth $27,000 after purchasing an additional 75 shares in the last quarter. Measured Wealth Private Client Group LLC acquired a new position in TD SYNNEX in the 3rd quarter worth about $30,000. Brown Brothers Harriman & Co. increased its holdings in TD SYNNEX by 675.9% in the 3rd quarter. Brown Brothers Harriman & Co. now owns 225 shares of the business services provider’s stock worth $37,000 after purchasing an additional 196 shares in the last quarter. Finally, Root Financial Partners LLC acquired a new position in TD SYNNEX in the 3rd quarter worth about $42,000. Institutional investors and hedge funds own 84.00% of the company’s stock.
Insiders Place Their Bets
In related news, CFO David Gregory Jordan sold 3,225 shares of the firm’s stock in a transaction that occurred on Monday, April 6th. The stock was sold at an average price of $189.46, for a total transaction of $611,008.50. Following the completion of the sale, the chief financial officer owned 14,035 shares of the company’s stock, valued at $2,659,071.10. This trade represents a 18.68% decrease in their ownership of the stock. The transaction was disclosed in a document filed with the SEC, which is available at the SEC website. Also, Director Richard T. Hume sold 5,000 shares of the firm’s stock in a transaction that occurred on Tuesday, May 5th. The stock was sold at an average price of $233.85, for a total value of $1,169,250.00. Following the sale, the director directly owned 33,537 shares of the company’s stock, valued at $7,842,627.45. This represents a 12.97% decrease in their position. The disclosure for this sale is available in the SEC filing. The transaction was executed under a pre-arranged Rule 10b5-1 trading plan. Over the last ninety days, insiders sold 11,417 shares of company stock worth $2,412,026. Company insiders own 0.70% of the company’s stock.
Analyst Ratings Changes
TD SYNNEX Trading Down 1.8%
Shares of SNX stock opened at $230.05 on Friday. The stock has a market cap of $18.49 billion, a price-to-earnings ratio of 19.12, a PEG ratio of 1.02 and a beta of 1.40. The stock has a 50-day moving average of $193.84 and a 200-day moving average of $168.39. The company has a current ratio of 1.22, a quick ratio of 0.71 and a debt-to-equity ratio of 0.41. TD SYNNEX Corporation has a 1-year low of $118.35 and a 1-year high of $242.49.
TD SYNNEX (NYSE:SNX – Get Free Report) last issued its quarterly earnings results on Tuesday, March 31st. The business services provider reported $4.73 earnings per share for the quarter, beating the consensus estimate of $3.24 by $1.49. The company had revenue of $17.16 billion during the quarter, compared to analysts’ expectations of $15.59 billion. TD SYNNEX had a return on equity of 14.03% and a net margin of 1.52%.The business’s quarterly revenue was up 18.1% on a year-over-year basis. During the same quarter in the prior year, the firm posted $2.80 earnings per share. On average, equities research analysts forecast that TD SYNNEX Corporation will post 15.69 earnings per share for the current year.
TD SYNNEX Dividend Announcement
The firm also recently announced a quarterly dividend, which was paid on Wednesday, April 29th. Investors of record on Wednesday, April 15th were paid a dividend of $0.48 per share. The ex-dividend date of this dividend was Wednesday, April 15th. This represents a $1.92 annualized dividend and a yield of 0.8%. TD SYNNEX’s dividend payout ratio (DPR) is currently 15.96%.
About TD SYNNEX
TD SYNNEX (NYSE: SNX) is a leading global distributor and solutions aggregator for the information technology industry. Formed in September 2021 through the merger of Tech Data and SYNNEX Corporation, the company provides a comprehensive range of products, services and solutions that span hardware, software, cloud, mobility, security and data center technologies. TD SYNNEX partners with vendors, resellers and system integrators to design, deploy and support IT infrastructures across diverse market segments, including commercial enterprises, public sector organizations and retail operations.
The company’s core business activities include the distribution of technology products from manufacturers such as servers, storage, networking equipment and peripherals, as well as the resale and provisioning of software licenses and cloud-based solutions.
Read More
- Five stocks we like better than TD SYNNEX
- Viking Sails to All-Time Highs—Fundamentals Signal More to Come
- Datavalut Gains Traction: 5 Reasons to Sell Now
- TMC Stock: Why This Pre-Revenue Miner Is Worth Watching
- The Power Grid Is Dying—Is It Time to Buy Its Replacement?
Want to see what other hedge funds are holding SNX? Visit HoldingsChannel.com to get the latest 13F filings and insider trades for TD SYNNEX Corporation (NYSE:SNX – Free Report).
Receive News & Ratings for TD SYNNEX Daily - Enter your email address below to receive a concise daily summary of the latest news and analysts' ratings for TD SYNNEX and related companies with MarketBeat.com's FREE daily email newsletter.
