Revolve Wealth Partners LLC acquired a new stake in shares of TD SYNNEX Corporation (NYSE:SNX – Free Report) in the second quarter, according to its most recent filing with the Securities and Exchange Commission. The fund acquired 4,217 shares of the business services provider’s stock, valued at approximately $1,127,000.
Several other hedge funds and other institutional investors also recently added to or reduced their stakes in SNX. Gamco Investors INC. ET AL boosted its position in shares of TD SYNNEX by 1.1% in the first quarter. Gamco Investors INC. ET AL now owns 4,667 shares of the business services provider’s stock worth $787,000 after purchasing an additional 52 shares during the period. Essex Financial Services Inc. raised its position in shares of TD SYNNEX by 2.9% during the 1st quarter. Essex Financial Services Inc. now owns 1,957 shares of the business services provider’s stock valued at $330,000 after purchasing an additional 56 shares during the period. Kesler Norman & Wride LLC lifted its stake in shares of TD SYNNEX by 0.7% during the 1st quarter. Kesler Norman & Wride LLC now owns 8,581 shares of the business services provider’s stock valued at $1,448,000 after buying an additional 61 shares in the last quarter. SJS Investment Consulting Inc. lifted its stake in shares of TD SYNNEX by 44.6% during the 1st quarter. SJS Investment Consulting Inc. now owns 201 shares of the business services provider’s stock valued at $34,000 after buying an additional 62 shares in the last quarter. Finally, Ashton Thomas Private Wealth LLC boosted its holdings in TD SYNNEX by 3.5% in the 4th quarter. Ashton Thomas Private Wealth LLC now owns 2,107 shares of the business services provider’s stock worth $317,000 after buying an additional 71 shares during the period. 84.00% of the stock is owned by hedge funds and other institutional investors.
TD SYNNEX Trading Up 0.3%
SNX opened at $253.10 on Tuesday. The stock has a 50-day moving average of $261.45 and a 200 day moving average of $214.02. The company has a current ratio of 1.20, a quick ratio of 0.64 and a debt-to-equity ratio of 0.40. TD SYNNEX Corporation has a 12 month low of $142.22 and a 12 month high of $296.47. The firm has a market cap of $20.24 billion, a P/E ratio of 18.12, a P/E/G ratio of 0.71 and a beta of 1.44.
TD SYNNEX Announces Dividend
The business also recently declared a quarterly dividend, which was paid on Friday, July 31st. Investors of record on Friday, July 17th were given a $0.48 dividend. The ex-dividend date was Friday, July 17th. This represents a $1.92 dividend on an annualized basis and a yield of 0.8%. TD SYNNEX’s dividend payout ratio (DPR) is currently 13.74%.
Wall Street Analyst Weigh In
A number of equities research analysts have commented on SNX shares. UBS Group raised their price target on TD SYNNEX from $310.00 to $352.00 and gave the company a “buy” rating in a report on Friday, June 26th. Zacks Research raised TD SYNNEX from a “hold” rating to a “strong-buy” rating in a research note on Tuesday, June 30th. Royal Bank Of Canada set a $340.00 target price on TD SYNNEX in a research note on Friday, June 26th. Barrington Research upped their price target on TD SYNNEX from $202.00 to $325.00 and gave the stock an “outperform” rating in a research note on Friday, June 26th. Finally, Barclays lifted their price objective on shares of TD SYNNEX from $237.00 to $278.00 and gave the company an “equal weight” rating in a research report on Thursday, July 2nd. One research analyst has rated the stock with a Strong Buy rating, eight have issued a Buy rating and one has assigned a Hold rating to the company’s stock. Based on data from MarketBeat, TD SYNNEX presently has a consensus rating of “Buy” and a consensus target price of $294.67.
Get Our Latest Report on TD SYNNEX
Insiders Place Their Bets
In other news, Director Ann F. Vezina sold 1,273 shares of the firm’s stock in a transaction dated Friday, July 31st. The shares were sold at an average price of $256.05, for a total value of $325,951.65. Following the completion of the sale, the director owned 5,828 shares in the company, valued at approximately $1,492,259.40. This trade represents a 17.93% decrease in their position. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which can be accessed through the SEC website. Also, Director Richard T. Hume sold 5,000 shares of TD SYNNEX stock in a transaction dated Wednesday, August 5th. The stock was sold at an average price of $262.21, for a total transaction of $1,311,050.00. Following the transaction, the director directly owned 13,537 shares of the company’s stock, valued at approximately $3,549,536.77. This represents a 26.97% decrease in their ownership of the stock. Additional details regarding this sale are available in the official SEC disclosure. The transaction was executed under a pre-arranged Rule 10b5-1 trading plan. Over the last 90 days, insiders sold 21,273 shares of company stock valued at $5,401,452. 0.70% of the stock is owned by corporate insiders.
TD SYNNEX Company Profile
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.
Featured Stories
- Five stocks we like better than TD SYNNEX
- SoundHound AI Sends a Loud Signal After Its Q2 Earnings Beat
- 3 Dividend Champion Utilities for a Market That Can’t Sit Still
- These 3 Most-Upgraded Stocks Have Almost Nothing to Do With AI
- First Solar’s Profit Engine Faces a New Policy Test in Washington
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.
-pt-telekomunikasi-indonesia-tbk-logo-1200x675.png){kind=logo}