TD SYNNEX Co. (NYSE:SNX) Director Merline Saintil Sells 117 Shares of Stock

TD SYNNEX Co. (NYSE:SNX) Director Merline Saintil sold 117 shares of the business’s stock in a transaction dated Wednesday, September 4th. The stock was sold at an average price of $115.16, for a total value of $13,473.72. Following the completion of the transaction, the director now directly owns 5,865 shares of the company’s stock, valued at approximately $675,413.40. The sale was disclosed in a legal filing with the SEC, which is accessible through this hyperlink.

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 transaction of $13,917.15.

TD SYNNEX Stock Performance

NYSE:SNX opened at $113.31 on Friday. The stock has a 50-day simple moving average of $115.80 and a two-hundred day simple moving average of $116.55. 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 52-week low of $89.73 and a 52-week high of $133.85. The firm has a market capitalization of $9.68 billion, a PE ratio of 15.87, a P/E/G ratio of 1.21 and a beta of 1.49.

TD SYNNEX (NYSE:SNX) last announced 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 net margin of 1.14% and a return on equity of 12.32%. The company had revenue of $13.95 billion for the quarter, compared to the consensus estimate of $14.12 billion. Analysts forecast that TD SYNNEX Co. will post 11.22 EPS for the current year.

TD SYNNEX Announces Dividend

The company also recently disclosed a quarterly dividend, which was paid on Friday, July 26th. Stockholders of record on Friday, July 12th were given a dividend of $0.40 per share. The ex-dividend date of this dividend was Friday, July 12th. This represents a $1.60 annualized dividend and a dividend yield of 1.41%. TD SYNNEX’s payout ratio is 22.41%.

Institutional Inflows and Outflows

A number of large investors have recently modified their holdings of SNX. ProShare Advisors LLC raised its holdings in TD SYNNEX by 3.2% during the first 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 period. Northwestern Mutual Wealth Management Co. boosted its stake in shares of TD SYNNEX by 3.4% in the second quarter. Northwestern Mutual Wealth Management Co. now owns 2,727 shares of the business services provider’s stock worth $315,000 after acquiring an additional 90 shares during the period. Fifth Third Bancorp grew its position in shares of TD SYNNEX by 11.1% during 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 in the last quarter. SummerHaven Investment Management LLC raised its stake in TD SYNNEX by 1.5% during the 2nd quarter. SummerHaven Investment Management LLC now owns 7,704 shares of the business services provider’s stock valued at $889,000 after purchasing an additional 116 shares during the period. Finally, Blue Trust Inc. lifted its holdings in TD SYNNEX by 52.3% in the 2nd quarter. Blue Trust Inc. now owns 358 shares of the business services provider’s stock worth $40,000 after purchasing an additional 123 shares in the last quarter. Hedge funds and other institutional investors own 84.00% of the company’s stock.

Analyst Ratings Changes

SNX has been the topic of a number of research analyst reports. Barrington Research restated an “outperform” rating and set a $138.00 price objective on shares of TD SYNNEX in a research report on Wednesday, June 26th. Royal Bank of Canada raised TD SYNNEX from a “sector perform” rating to an “outperform” rating and increased their price target for the company from $135.00 to $140.00 in a report on Monday, July 15th. JPMorgan Chase & Co. cut their price objective on TD SYNNEX from $126.00 to $123.00 and set a “neutral” rating for the company in a report on Wednesday, June 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 report on Thursday, June 27th. Finally, UBS Group boosted their price target on TD SYNNEX from $145.00 to $150.00 and gave the company a “buy” rating in a research note on Wednesday, June 26th. Three analysts have rated the stock with a hold rating and seven have assigned a buy rating to the company’s stock. Based on data from MarketBeat.com, the company currently has a consensus rating of “Moderate Buy” and a consensus price target of $127.33.

TD SYNNEX Company 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.