TD SYNNEX Corporation (NYSE:SNX - Get Free Report) CFO David Gregory Jordan sold 3,225 shares of the company's stock in a transaction on Monday, April 6th. The shares were sold at an average price of $189.46, for a total transaction of $611,008.50. Following the completion of the sale, the chief financial officer directly owned 14,035 shares in the company, valued at $2,659,071.10. This trade represents a 18.68% decrease in their ownership of the stock. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is accessible through the SEC website.
TD SYNNEX Price Performance
NYSE:SNX opened at $192.82 on Tuesday. TD SYNNEX Corporation has a one year low of $92.23 and a one year high of $193.26. The company has a debt-to-equity ratio of 0.41, a quick ratio of 0.75 and a current ratio of 1.22. The firm has a market cap of $15.55 billion, a price-to-earnings ratio of 16.03, a PEG ratio of 1.08 and a beta of 1.23. The firm's fifty day moving average is $162.02 and its two-hundred day moving average is $156.35.
TD SYNNEX (NYSE:SNX - Get Free Report) last posted its quarterly earnings results on Tuesday, March 31st. The business services provider reported $4.73 EPS for the quarter, beating the consensus estimate of $3.24 by $1.49. TD SYNNEX had a net margin of 1.52% and a return on equity of 14.03%. The company had revenue of $17.16 billion for the quarter, compared to analyst estimates of $15.59 billion. During the same period in the prior year, the company earned $2.80 earnings per share. The firm's revenue was up 18.1% on a year-over-year basis. Research analysts expect that TD SYNNEX Corporation will post 11.88 EPS for the current year.
TD SYNNEX Dividend Announcement
The firm also recently declared a quarterly dividend, which will be paid on Wednesday, April 29th. Shareholders of record on Wednesday, April 15th will be issued a $0.48 dividend. This represents a $1.92 annualized dividend and a yield of 1.0%. The ex-dividend date of this dividend is Wednesday, April 15th. TD SYNNEX's dividend payout ratio is presently 15.96%.
Wall Street Analysts Forecast Growth
Several equities research analysts have commented on the company. The Goldman Sachs Group upped their price objective on TD SYNNEX from $180.00 to $205.00 and gave the stock a "buy" rating in a research report on Thursday, April 2nd. Morgan Stanley upped their price objective on TD SYNNEX from $172.00 to $174.00 and gave the stock an "overweight" rating in a research report on Friday, March 20th. Wall Street Zen upgraded TD SYNNEX from a "hold" rating to a "buy" rating in a research report on Saturday, February 21st. Barrington Research restated an "outperform" rating and issued a $182.00 price objective on shares of TD SYNNEX in a research report on Friday, March 27th. Finally, Barclays upped their price objective on TD SYNNEX from $163.00 to $166.00 and gave the stock an "equal weight" rating in a research report on Wednesday, April 1st. Eight equities research analysts have rated the stock with a Buy rating and three have assigned a Hold rating to the company's stock. Based on data from MarketBeat.com, TD SYNNEX has an average rating of "Moderate Buy" and a consensus price target of $183.00.
View Our Latest Stock Analysis on SNX
Institutional Investors Weigh In On TD SYNNEX
Hedge funds have recently modified their holdings of the company. State Street Corp lifted its position in shares of TD SYNNEX by 0.4% during the 3rd quarter. State Street Corp now owns 2,372,733 shares of the business services provider's stock valued at $388,535,000 after buying an additional 9,024 shares in the last quarter. Ninety One UK Ltd lifted its holdings in TD SYNNEX by 13.1% during the fourth quarter. Ninety One UK Ltd now owns 2,229,091 shares of the business services provider's stock valued at $334,876,000 after purchasing an additional 258,630 shares in the last quarter. LSV Asset Management lifted its holdings in TD SYNNEX by 16.1% during the fourth quarter. LSV Asset Management now owns 2,086,604 shares of the business services provider's stock valued at $313,471,000 after purchasing an additional 288,625 shares in the last quarter. Geode Capital Management LLC lifted its holdings in TD SYNNEX by 6.9% during the fourth quarter. Geode Capital Management LLC now owns 1,532,784 shares of the business services provider's stock valued at $230,315,000 after purchasing an additional 99,090 shares in the last quarter. Finally, Metropolis Capital Ltd lifted its holdings in TD SYNNEX by 44.8% during the third quarter. Metropolis Capital Ltd now owns 1,228,603 shares of the business services provider's stock valued at $201,184,000 after purchasing an additional 379,904 shares in the last quarter. 84.00% of the stock is owned by hedge funds and other institutional investors.
About TD SYNNEX
(
Get Free Report)
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.
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