TD SYNNEX Co. (NYSE:SNX - Get Free Report) Director Merline Saintil sold 117 shares of the business's stock in a transaction on Wednesday, September 4th. The stock was sold at an average price of $115.16, for a total transaction of $13,473.72. Following the completion of the sale, the director now owns 5,865 shares in the company, valued at approximately $675,413.40. The sale was disclosed in a legal filing with the SEC, which can be accessed through this link.
Merline Saintil also recently made the following trade(s):
- On Wednesday, July 31st, Merline Saintil sold 117 shares of TD SYNNEX stock. The shares were sold at an average price of $118.95, for a total value of $13,917.15.
TD SYNNEX Stock Down 1.9 %
Shares of SNX opened at $113.31 on Friday. The company has a quick ratio of 0.78, a current ratio of 1.26 and a debt-to-equity ratio of 0.47. TD SYNNEX Co. has a 52-week low of $89.73 and a 52-week high of $133.85. The company has a market cap of $9.68 billion, a PE ratio of 15.87, a P/E/G ratio of 1.21 and a beta of 1.49. The business has a fifty day moving average of $115.80 and a 200 day moving average of $116.55.
TD SYNNEX (NYSE:SNX - Get Free Report) last released its quarterly earnings results on Tuesday, June 25th. The business services provider reported $2.61 EPS for the quarter, missing analysts' consensus estimates of $2.66 by ($0.05). The firm had revenue of $13.95 billion for the quarter, compared to analysts' expectations of $14.12 billion. TD SYNNEX had a return on equity of 12.32% and a net margin of 1.14%. On average, sell-side analysts expect that TD SYNNEX Co. will post 11.22 EPS for the current year.
TD SYNNEX Dividend Announcement
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The firm also recently announced a quarterly dividend, which was paid on Friday, July 26th. Stockholders of record on Friday, July 12th were paid a dividend of $0.40 per share. The ex-dividend date was Friday, July 12th. This represents a $1.60 dividend on an annualized basis and a dividend yield of 1.41%. TD SYNNEX's dividend payout ratio is 22.41%.
Analyst Ratings Changes
A number of brokerages recently commented on SNX. StockNews.com raised TD SYNNEX from a "hold" rating to a "buy" rating in a research note on Friday, August 16th. UBS Group increased their target price on TD SYNNEX from $145.00 to $150.00 and gave the company a "buy" rating in a research report on Wednesday, June 26th. Barrington Research restated an "outperform" rating and issued a $138.00 price target on shares of TD SYNNEX in a research report on Wednesday, June 26th. Royal Bank of Canada raised shares of TD SYNNEX from a "sector perform" rating to an "outperform" rating and upped their price target for the company from $135.00 to $140.00 in a research note on Monday, July 15th. Finally, JPMorgan Chase & Co. dropped their price objective on shares of TD SYNNEX from $126.00 to $123.00 and set a "neutral" rating for the company in a research note on Wednesday, June 26th. Three investment 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 company currently has an average rating of "Moderate Buy" and a consensus target price of $127.33.
Read Our Latest Stock Report on TD SYNNEX
Institutional Investors Weigh In On TD SYNNEX
Hedge funds and other institutional investors have recently modified their holdings of the business. ProShare Advisors LLC grew its position in TD SYNNEX by 3.2% in the 1st quarter. ProShare Advisors LLC now owns 2,784 shares of the business services provider's stock valued at $315,000 after acquiring an additional 86 shares during the last quarter. Northwestern Mutual Wealth Management Co. boosted its stake in shares of TD SYNNEX by 3.4% during the second quarter. Northwestern Mutual Wealth Management Co. now owns 2,727 shares of the business services provider's stock valued at $315,000 after purchasing an additional 90 shares during the period. Fifth Third Bancorp grew its holdings in shares of TD SYNNEX by 11.1% in the second quarter. Fifth Third Bancorp now owns 1,064 shares of the business services provider's stock worth $123,000 after purchasing an additional 106 shares during the last quarter. SummerHaven Investment Management LLC increased its stake in TD SYNNEX by 1.5% in the 2nd quarter. SummerHaven Investment Management LLC now owns 7,704 shares of the business services provider's stock worth $889,000 after buying an additional 116 shares during the period. Finally, Blue Trust Inc. lifted its holdings in TD SYNNEX by 52.3% during the 2nd quarter. Blue Trust Inc. now owns 358 shares of the business services provider's stock valued at $40,000 after buying an additional 123 shares in the last quarter. 84.00% of the stock is currently owned by hedge funds and other institutional investors.
About TD SYNNEX
(
Get Free Report)
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.
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