TD SYNNEX Co. (NYSE:SNX) Stock Holdings Boosted by Ameritas Investment Partners Inc.

Ameritas Investment Partners Inc. lifted its position in TD SYNNEX Co. (NYSE:SNX) by 11.1% during the first quarter, according to its most recent 13F filing with the SEC. The institutional investor owned 12,579 shares of the business services provider’s stock after buying an additional 1,254 shares during the period. Ameritas Investment Partners Inc.’s holdings in TD SYNNEX were worth $1,423,000 at the end of the most recent reporting period.

Several other institutional investors have also modified their holdings of SNX. Nordea Investment Management AB raised its position in TD SYNNEX by 38.5% in the first quarter. Nordea Investment Management AB now owns 1,518,406 shares of the business services provider’s stock worth $172,081,000 after acquiring an additional 421,908 shares in the last quarter. Goldman Sachs Group Inc. lifted its stake in TD SYNNEX by 63.4% during the fourth quarter. Goldman Sachs Group Inc. now owns 164,999 shares of the business services provider’s stock valued at $17,756,000 after purchasing an additional 64,024 shares during the last quarter. Norges Bank bought a new stake in TD SYNNEX during the fourth quarter worth approximately $79,506,000. Principal Financial Group Inc. grew its position in TD SYNNEX by 1.9% in the fourth quarter. Principal Financial Group Inc. now owns 733,239 shares of the business services provider’s stock worth $78,904,000 after buying an additional 13,730 shares during the last quarter. Finally, Lord Abbett & CO. LLC bought a new position in shares of TD SYNNEX in the first quarter valued at $57,981,000. Institutional investors and hedge funds own 84.00% of the company’s stock.

Insider Transactions at TD SYNNEX

In related news, insider Dennis Polk sold 20,000 shares of the stock in a transaction that occurred on Thursday, June 27th. The shares were sold at an average price of $115.66, for a total value of $2,313,200.00. Following the transaction, the insider now directly owns 134,706 shares in the company, valued at $15,580,095.96. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is available at this link. In other TD SYNNEX news, CEO Richard T. Hume sold 10,000 shares of the firm’s stock in a transaction dated Wednesday, May 1st. The stock was sold at an average price of $115.79, for a total transaction of $1,157,900.00. Following the transaction, the chief executive officer now owns 219,363 shares in the company, valued at $25,400,041.77. The sale was disclosed in a document filed with the SEC, which is available through this link. Also, insider Dennis Polk sold 20,000 shares of the company’s stock in a transaction dated Thursday, June 27th. The shares were sold at an average price of $115.66, for a total value of $2,313,200.00. Following the completion of the sale, the insider now directly owns 134,706 shares of the company’s stock, valued at $15,580,095.96. The disclosure for this sale can be found here. Insiders sold a total of 33,513 shares of company stock worth $3,869,053 in the last quarter. 1.90% of the stock is owned by company insiders.

TD SYNNEX Price Performance

Shares of NYSE:SNX traded down $0.37 on Wednesday, hitting $117.33. The stock had a trading volume of 340,350 shares, compared to its average volume of 895,515. The firm’s 50 day moving average price is $123.18 and its 200-day moving average price is $113.62. The company has a debt-to-equity ratio of 0.47, a quick ratio of 0.78 and a current ratio of 1.26. TD SYNNEX Co. has a twelve month low of $89.73 and a twelve month high of $133.85. The company has a market capitalization of $10.03 billion, a price-to-earnings ratio of 16.54, a price-to-earnings-growth ratio of 1.17 and a beta of 1.52.

TD SYNNEX (NYSE:SNX) last issued its quarterly earnings data on Tuesday, June 25th. The business services provider reported $2.61 earnings per share (EPS) for the quarter, missing the consensus estimate of $2.66 by ($0.05). The business had revenue of $13.95 billion during the quarter, compared to the consensus estimate of $14.12 billion. TD SYNNEX had a net margin of 1.14% and a return on equity of 12.32%. On average, equities research analysts predict that TD SYNNEX Co. will post 11.24 earnings per share for the current year.

TD SYNNEX Announces Dividend

The firm also recently announced a quarterly dividend, which will be paid on Friday, July 26th. Stockholders of record on Friday, July 12th will be paid a $0.40 dividend. This represents a $1.60 annualized dividend and a dividend yield of 1.36%. The ex-dividend date of this dividend is Friday, July 12th. TD SYNNEX’s dividend payout ratio (DPR) is presently 22.41%.

Analyst Upgrades and Downgrades

Several equities research analysts have recently weighed in on the company. Barrington Research reissued an “outperform” rating and set a $138.00 price objective on shares of TD SYNNEX in a research note on Wednesday, June 26th. Cfra increased their price objective on TD SYNNEX from $110.00 to $113.00 and gave the stock a “hold” rating in a research note on Tuesday, March 26th. Bank of America lowered their target price on TD SYNNEX from $135.00 to $132.00 and set a “buy” rating on the stock in a research note on Thursday, June 27th. Royal Bank of Canada upgraded shares of TD SYNNEX from a “sector perform” rating to an “outperform” rating and upped their price objective for the company from $135.00 to $140.00 in a research note on Monday, July 15th. Finally, UBS Group increased their target price on shares of TD SYNNEX from $145.00 to $150.00 and gave the stock a “buy” rating in a research report on Wednesday, June 26th. Three research analysts have rated the stock with a hold rating and seven have given a buy rating to the company. According to MarketBeat, TD SYNNEX has an average rating of “Moderate Buy” and an average target price of $127.33.

TD SYNNEX Profile

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.