Keeley Teton Advisors LLC Sells 388 Shares of TD SYNNEX Co. (NYSE:SNX)

Keeley Teton Advisors LLC lowered its position in shares of TD SYNNEX Co. (NYSE:SNX) by 1.8% during the 1st quarter, according to the company in its most recent filing with the Securities & Exchange Commission. The institutional investor owned 21,653 shares of the business services provider’s stock after selling 388 shares during the quarter. Keeley Teton Advisors LLC’s holdings in TD SYNNEX were worth $2,449,000 as of its most recent filing with the Securities & Exchange Commission.

Several other hedge funds have also recently modified their holdings of SNX. Vanguard Group Inc. lifted its position in shares of TD SYNNEX by 23.4% during the 1st quarter. Vanguard Group Inc. now owns 6,641,402 shares of the business services provider’s stock worth $751,143,000 after buying an additional 1,261,474 shares in the last quarter. Norges Bank purchased a new stake in shares of TD SYNNEX during the 4th quarter worth approximately $79,506,000. Lord Abbett & CO. LLC purchased a new stake in shares of TD SYNNEX during the 1st quarter worth approximately $57,981,000. Nordea Investment Management AB increased its stake in shares of TD SYNNEX by 38.5% during the 1st quarter. Nordea Investment Management AB now owns 1,518,406 shares of the business services provider’s stock worth $172,081,000 after purchasing an additional 421,908 shares during the last quarter. Finally, Anchor Capital Advisors LLC purchased a new stake in shares of TD SYNNEX during the 1st quarter worth approximately $44,517,000. Institutional investors own 84.00% of the company’s stock.

TD SYNNEX Price Performance

Shares of SNX traded up $2.13 during mid-day trading on Friday, reaching $118.25. 611,225 shares of the stock traded hands, compared to its average volume of 861,273. The firm has a fifty day moving average price of $122.66 and a 200 day moving average price of $113.81. The company has a market cap of $10.11 billion, a price-to-earnings ratio of 16.56, a price-to-earnings-growth ratio of 1.15 and a beta of 1.52. The company has a current ratio of 1.26, a quick ratio of 0.78 and a debt-to-equity ratio of 0.47. TD SYNNEX Co. has a 1 year low of $89.73 and a 1 year high of $133.85.

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

TD SYNNEX Announces Dividend

The business also recently disclosed a quarterly dividend, which was paid on Friday, July 26th. Stockholders of record on Friday, July 12th were issued a dividend of $0.40 per share. This represents a $1.60 dividend on an annualized basis and a dividend yield of 1.35%. The ex-dividend date of this dividend was Friday, July 12th. TD SYNNEX’s dividend payout ratio is currently 22.41%.

Insider Transactions at TD SYNNEX

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

Wall Street Analysts Forecast Growth

Several equities research analysts have recently issued reports on the stock. JPMorgan Chase & Co. decreased their price target 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. Bank of America decreased their price target on shares of TD SYNNEX from $135.00 to $132.00 and set a “buy” rating for the company 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 lifted their price objective for the company from $135.00 to $140.00 in a research note on Monday, July 15th. Barrington Research reiterated an “outperform” rating and issued a $138.00 price objective on shares of TD SYNNEX in a research note on Wednesday, June 26th. Finally, UBS Group lifted their price objective on shares of TD SYNNEX from $145.00 to $150.00 and gave the company a “buy” rating in a research note on Wednesday, June 26th. Three equities research analysts have rated the stock with a hold rating and seven have issued a buy rating to the company. Based on data from MarketBeat.com, the stock presently has a consensus rating of “Moderate Buy” and a consensus price target 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.