Jackson Creek Investment Advisors LLC Makes New $437,000 Investment in TD SYNNEX Corporation $SNX

Jackson Creek Investment Advisors LLC purchased a new position in shares of TD SYNNEX Corporation (NYSE:SNX) in the 4th quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission (SEC). The fund purchased 2,908 shares of the business services provider’s stock, valued at approximately $437,000.

Several other hedge funds have also recently added to or reduced their stakes in SNX. Alyeska Investment Group L.P. bought a new stake in TD SYNNEX during the third quarter worth about $135,631,000. Victory Capital Management Inc. lifted its stake in TD SYNNEX by 123.6% during the third quarter. Victory Capital Management Inc. now owns 728,321 shares of the business services provider’s stock worth $119,263,000 after purchasing an additional 402,573 shares during the last quarter. Wedge Capital Management L L P NC purchased a new stake in shares of TD SYNNEX in the 4th quarter valued at $60,104,000. Marshall Wace LLP boosted its stake in shares of TD SYNNEX by 6,626.0% in the 3rd quarter. Marshall Wace LLP now owns 402,754 shares of the business services provider’s stock valued at $65,951,000 after purchasing an additional 396,766 shares in the last quarter. Finally, Wellington Management Group LLP boosted its stake in shares of TD SYNNEX by 365.9% in the 3rd quarter. Wellington Management Group LLP now owns 373,101 shares of the business services provider’s stock valued at $61,095,000 after purchasing an additional 293,027 shares in the last quarter. Institutional investors own 84.00% of the company’s stock.

TD SYNNEX Price Performance

Shares of TD SYNNEX stock opened at $247.13 on Thursday. 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 $19.87 billion, a PE ratio of 20.54, a P/E/G ratio of 1.05 and a beta of 1.40. The business has a 50 day moving average of $206.51 and a 200 day moving average of $173.04. TD SYNNEX Corporation has a 52 week low of $118.35 and a 52 week high of $250.96.

TD SYNNEX (NYSE:SNX) last announced its earnings results on Tuesday, March 31st. The business services provider reported $4.73 EPS for the quarter, beating analysts’ consensus estimates of $3.24 by $1.49. The company had revenue of $17.16 billion during 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 revenue for the quarter was up 18.1% on a year-over-year basis. During the same quarter in the prior year, the company earned $2.80 earnings per share. As a group, equities research analysts forecast that TD SYNNEX Corporation will post 15.69 earnings per share for the current year.

TD SYNNEX Announces Dividend

The firm also recently announced a quarterly dividend, which was paid on Wednesday, April 29th. Investors of record on Wednesday, April 15th were issued a dividend of $0.48 per share. This represents a $1.92 dividend on an annualized basis and a dividend yield of 0.8%. The ex-dividend date was Wednesday, April 15th. TD SYNNEX’s dividend payout ratio is currently 15.96%.

Analyst Ratings Changes

A number of equities research analysts have recently issued reports on the stock. UBS Group upped their price objective on shares of TD SYNNEX from $193.00 to $265.00 and gave the company a “buy” rating in a research note on Tuesday, May 5th. The Goldman Sachs Group upped their price objective on shares of TD SYNNEX from $180.00 to $205.00 and gave the company a “buy” rating in a research note on Thursday, April 2nd. Zacks Research raised shares of TD SYNNEX from a “hold” rating to a “strong-buy” rating in a research note on Monday, April 6th. Royal Bank Of Canada upped their price objective on shares of TD SYNNEX from $210.00 to $250.00 and gave the company an “outperform” rating in a research note on Thursday, April 30th. Finally, Barrington Research reaffirmed an “outperform” rating and issued a $182.00 price objective on shares of TD SYNNEX in a research note on Friday, March 27th. One research analyst has rated the stock with a Strong Buy rating, nine have issued a Buy rating and one has issued a Hold rating to the company. According to MarketBeat, TD SYNNEX has an average rating of “Buy” and an average price target of $205.50.

Insiders Place Their Bets

In related news, CFO David Gregory Jordan sold 3,225 shares of the stock in a transaction dated Monday, April 6th. The shares were sold at an average price of $189.46, for a total value of $611,008.50. Following the completion of the transaction, the chief financial officer directly owned 14,035 shares of the company’s stock, valued at $2,659,071.10. This represents a 18.68% decrease in their ownership of the stock. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is available at this link. Also, Director Merline Saintil sold 167 shares of the stock in a transaction dated Wednesday, March 4th. The stock was sold at an average price of $157.75, for a total transaction of $26,344.25. Following the completion of the transaction, the director directly owned 6,995 shares of the company’s stock, valued at approximately $1,103,461.25. The trade was a 2.33% decrease in their ownership of the stock. Additional details regarding this sale are available in the official SEC disclosure. Insiders have sold 16,417 shares of company stock worth $3,559,726 in the last ninety days. Insiders own 0.70% of the company’s stock.

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.