Nomura Holdings Inc. Takes $1.18 Million Position in TD SYNNEX Co. (NYSE:SNX)

Nomura Holdings Inc. acquired a new position in TD SYNNEX Co. (NYSE:SNX) during the fourth quarter, according to its most recent disclosure with the Securities & Exchange Commission. The fund acquired 10,048 shares of the business services provider’s stock, valued at approximately $1,178,000.

Several other institutional investors have also added to or reduced their stakes in SNX. Bartlett & CO. Wealth Management LLC raised its position in shares of TD SYNNEX by 345.1% in the 4th quarter. Bartlett & CO. Wealth Management LLC now owns 227 shares of the business services provider’s stock worth $27,000 after acquiring an additional 176 shares in the last quarter. Bessemer Group Inc. increased its holdings in TD SYNNEX by 174.7% in the fourth quarter. Bessemer Group Inc. now owns 239 shares of the business services provider’s stock worth $28,000 after purchasing an additional 152 shares in the last quarter. UMB Bank n.a. lifted its stake in TD SYNNEX by 48.4% in the fourth quarter. UMB Bank n.a. now owns 429 shares of the business services provider’s stock valued at $50,000 after buying an additional 140 shares during the period. Blue Trust Inc. lifted its stake in TD SYNNEX by 37.7% in the fourth quarter. Blue Trust Inc. now owns 471 shares of the business services provider’s stock valued at $55,000 after buying an additional 129 shares during the period. Finally, Global Retirement Partners LLC boosted its holdings in shares of TD SYNNEX by 31.9% during the 4th quarter. Global Retirement Partners LLC now owns 480 shares of the business services provider’s stock worth $56,000 after buying an additional 116 shares in the last quarter. 84.00% of the stock is currently owned by institutional investors.

Analysts Set New Price Targets

A number of research firms recently issued reports on SNX. Cfra dropped their target price on shares of TD SYNNEX from $147.00 to $132.00 and set a “buy” rating on the stock in a research report on Friday, March 28th. The Goldman Sachs Group dropped their price objective on shares of TD SYNNEX from $154.00 to $137.00 and set a “buy” rating on the stock in a report on Friday, March 28th. Barclays reduced their target price on TD SYNNEX from $148.00 to $125.00 and set an “equal weight” rating for the company in a research note on Friday, March 28th. Barrington Research reaffirmed an “outperform” rating and set a $156.00 price target on shares of TD SYNNEX in a research note on Friday, April 11th. Finally, StockNews.com lowered TD SYNNEX from a “buy” rating to a “hold” rating in a report on Wednesday, March 26th. Three equities research analysts have rated the stock with a hold rating and seven have issued a buy rating to the company’s stock. According to MarketBeat.com, the stock has an average rating of “Moderate Buy” and a consensus price target of $137.22.

Insiders Place Their Bets

In related news, insider Miriam Anne Murphy sold 3,000 shares of TD SYNNEX stock in a transaction on Wednesday, April 30th. The stock was sold at an average price of $110.00, for a total transaction of $330,000.00. Following the sale, the insider now directly owns 14,883 shares in the company, valued at approximately $1,637,130. This trade represents a 16.78% decrease in their ownership of the stock. The sale was disclosed in a legal filing with the SEC, which can be accessed through this link. Also, CFO Marshall Witt sold 1,510 shares of the business’s stock in a transaction on Tuesday, March 18th. The stock was sold at an average price of $128.08, for a total value of $193,400.80. Following the completion of the transaction, the chief financial officer now directly owns 49,843 shares in the company, valued at approximately $6,383,891.44. This represents a 2.94% decrease in their position. The disclosure for this sale can be found here. In the last ninety days, insiders sold 24,510 shares of company stock valued at $3,241,001. Corporate insiders own 1.00% of the company’s stock.

TD SYNNEX Stock Performance

Shares of SNX opened at $125.14 on Monday. The firm has a market capitalization of $10.50 billion, a P/E ratio of 15.72, a P/E/G ratio of 1.06 and a beta of 1.33. TD SYNNEX Co. has a 52 week low of $92.23 and a 52 week high of $145.10. The stock has a 50 day moving average price of $113.32 and a two-hundred day moving average price of $123.28. The company has a debt-to-equity ratio of 0.46, a quick ratio of 0.76 and a current ratio of 1.24.

TD SYNNEX (NYSE:SNX) last announced its quarterly earnings results on Thursday, March 27th. The business services provider reported $2.80 earnings per share (EPS) for the quarter, missing the consensus estimate of $2.87 by ($0.07). TD SYNNEX had a return on equity of 11.91% and a net margin of 1.18%. The company had revenue of $14.53 billion for the quarter, compared to the consensus estimate of $14.79 billion. During the same quarter last year, the company posted $2.99 EPS. The company’s quarterly revenue was up 4.0% compared to the same quarter last year. Equities analysts forecast that TD SYNNEX Co. will post 11.88 earnings per share for the current fiscal year.

TD SYNNEX Announces Dividend

The company also recently declared a quarterly dividend, which was paid on Friday, April 25th. Investors of record on Friday, April 11th were issued a dividend of $0.44 per share. This represents a $1.76 annualized dividend and a yield of 1.41%. The ex-dividend date of this dividend was Friday, April 11th. TD SYNNEX’s dividend payout ratio (DPR) is presently 21.97%.

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.