2,507 Shares in TD SYNNEX Corporation $SNX Acquired by Denali Advisors LLC

Denali Advisors LLC purchased a new position in shares of TD SYNNEX Corporation (NYSE:SNX) during the fourth quarter, according to its most recent 13F filing with the SEC. The institutional investor purchased 2,507 shares of the business services provider’s stock, valued at approximately $377,000.

A number of other large investors have also bought and sold shares of SNX. Dorato Capital Management bought a new position in TD SYNNEX in the 4th quarter valued at $27,000. Ossiam boosted its position in TD SYNNEX by 84.3% in the 3rd quarter. Ossiam now owns 164 shares of the business services provider’s stock valued at $27,000 after buying an additional 75 shares during the last quarter. Measured Wealth Private Client Group LLC bought a new position in TD SYNNEX in the 3rd quarter valued at $30,000. Brown Brothers Harriman & Co. boosted its position 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 valued at $37,000 after buying an additional 196 shares during the last quarter. Finally, Root Financial Partners LLC bought a new position in TD SYNNEX in the 3rd quarter valued at $42,000. 84.00% of the stock is currently owned by institutional investors.

Wall Street Analysts Forecast Growth

A number of brokerages have commented on SNX. Royal Bank Of Canada increased their price objective on TD SYNNEX from $210.00 to $250.00 and gave the company an “outperform” rating in a research report on Thursday, April 30th. Morgan Stanley increased their price objective on TD SYNNEX from $172.00 to $174.00 and gave the company an “overweight” rating in a research report on Friday, March 20th. Barrington Research reiterated an “outperform” rating and issued a $182.00 price objective on shares of TD SYNNEX in a research report on Friday, March 27th. UBS Group increased their price objective on TD SYNNEX from $193.00 to $265.00 and gave the company a “buy” rating in a research report on Tuesday, May 5th. Finally, Weiss Ratings reiterated a “buy (b)” rating on shares of TD SYNNEX in a research report on Monday, May 4th. One research analyst has rated the stock with a Strong Buy rating, eight have issued a Buy rating and two have assigned a Hold rating to the stock. According to MarketBeat.com, the stock has a consensus rating of “Moderate Buy” and an average target price of $197.70.

Insider Buying and Selling

In other news, insider Miriam Anne Murphy sold 3,025 shares of the stock in a transaction on Thursday, April 9th. The stock was sold at an average price of $200.14, for a total value of $605,423.50. Following the transaction, the insider owned 10,820 shares of the company’s stock, valued at $2,165,514.80. This represents a 21.85% decrease in their position. The transaction was disclosed in a document filed with the SEC, which is available through this hyperlink. Also, Director Merline Saintil sold 167 shares of the stock in a transaction on Wednesday, March 4th. The shares were sold at an average price of $157.75, for a total value of $26,344.25. Following the completion of the transaction, the director directly owned 6,995 shares in the company, valued at approximately $1,103,461.25. This trade represents a 2.33% decrease in their position. The SEC filing for this sale provides additional information. In the last quarter, insiders sold 11,417 shares of company stock worth $2,412,026. Company insiders own 0.70% of the company’s stock.

TD SYNNEX Stock Performance

SNX stock opened at $239.41 on Monday. The business’s fifty day moving average is $184.68 and its 200-day moving average is $165.10. The company has a quick ratio of 0.71, a current ratio of 1.22 and a debt-to-equity ratio of 0.41. The company has a market cap of $19.25 billion, a P/E ratio of 19.90, a price-to-earnings-growth ratio of 1.04 and a beta of 1.40. TD SYNNEX Corporation has a twelve month low of $117.45 and a twelve month high of $240.47.

TD SYNNEX (NYSE:SNX) last posted its quarterly earnings results on Tuesday, March 31st. The business services provider reported $4.73 earnings per share for the quarter, beating analysts’ consensus estimates of $3.24 by $1.49. The company had revenue of $17.16 billion for the quarter, compared to the consensus estimate of $15.59 billion. TD SYNNEX had a return on equity of 14.03% and a net margin of 1.52%.The firm’s quarterly revenue was up 18.1% on a year-over-year basis. During the same quarter in the prior year, the business posted $2.80 EPS. Equities research analysts forecast that TD SYNNEX Corporation will post 15.69 EPS for the current year.

TD SYNNEX Announces Dividend

The business also recently declared a quarterly dividend, which was paid on Wednesday, April 29th. Stockholders of record on Wednesday, April 15th were paid a $0.48 dividend. The ex-dividend date of this dividend was Wednesday, April 15th. This represents a $1.92 dividend on an annualized basis and a dividend yield of 0.8%. TD SYNNEX’s dividend payout ratio is 15.96%.

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.