Anchor Capital Advisors LLC Has $44.10 Million Stock Holdings in TD SYNNEX Corporation $SNX

Anchor Capital Advisors LLC decreased its position in TD SYNNEX Corporation (NYSE:SNX) by 13.8% in the 4th quarter, according to its most recent filing with the Securities & Exchange Commission. The firm owned 293,565 shares of the business services provider’s stock after selling 46,882 shares during the period. Anchor Capital Advisors LLC’s holdings in TD SYNNEX were worth $44,102,000 at the end of the most recent quarter.

A number of other large investors have also made changes to their positions in the company. Ossiam lifted its holdings in TD SYNNEX by 84.3% during the third quarter. Ossiam now owns 164 shares of the business services provider’s stock worth $27,000 after acquiring an additional 75 shares in the last quarter. Dorato Capital Management bought a new stake in shares of TD SYNNEX in the fourth quarter worth about $27,000. Measured Wealth Private Client Group LLC bought a new stake in shares of TD SYNNEX in the third quarter worth about $30,000. Lloyd Advisory Services LLC. acquired a new stake in shares of TD SYNNEX during the fourth quarter worth about $32,000. Finally, Brown Brothers Harriman & Co. lifted its holdings in shares of TD SYNNEX by 675.9% during the 3rd quarter. Brown Brothers Harriman & Co. now owns 225 shares of the business services provider’s stock valued at $37,000 after purchasing an additional 196 shares in the last quarter. Institutional investors own 84.00% of the company’s stock.

TD SYNNEX Stock Performance

NYSE SNX opened at $279.67 on Wednesday. The firm has a market capitalization of $22.48 billion, a P/E ratio of 23.25, a price-to-earnings-growth ratio of 1.17 and a beta of 1.43. The firm’s fifty day moving average price is $212.80 and its two-hundred day moving average price is $175.31. TD SYNNEX Corporation has a 1 year low of $118.90 and a 1 year high of $286.25. The company has a current ratio of 1.22, a quick ratio of 0.71 and a debt-to-equity ratio of 0.41.

TD SYNNEX (NYSE:SNX) last issued its earnings results on Tuesday, March 31st. The business services provider reported $4.73 earnings per share (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 business had revenue of $17.16 billion during the quarter, compared to the consensus estimate of $15.59 billion. During the same period last year, the business posted $2.80 EPS. TD SYNNEX’s revenue was up 18.1% on a year-over-year basis. As a group, research analysts anticipate that TD SYNNEX Corporation will post 15.88 EPS for the current year.

TD SYNNEX Announces Dividend

The firm also recently announced a quarterly dividend, which was paid on Wednesday, April 29th. Stockholders of record on Wednesday, April 15th were paid a dividend of $0.48 per share. This represents a $1.92 annualized dividend and a dividend yield of 0.7%. The ex-dividend date was Wednesday, April 15th. TD SYNNEX’s payout ratio is currently 15.96%.

Insider Buying and Selling

In other TD SYNNEX news, CFO David Gregory Jordan sold 3,225 shares of TD SYNNEX 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 transaction, the chief financial officer directly owned 14,035 shares of the company’s stock, valued at $2,659,071.10. The trade was a 18.68% decrease in their ownership of the stock. The transaction was disclosed in a document filed with the SEC, which is available through this hyperlink. Also, Director Richard T. Hume sold 5,000 shares of TD SYNNEX stock in a transaction dated Monday, May 18th. The stock was sold at an average price of $229.54, for a total transaction of $1,147,700.00. Following the sale, the director directly owned 28,537 shares of the company’s stock, valued at $6,550,382.98. The trade was a 14.91% decrease in their position. Additional details regarding this sale are available in the official SEC disclosure. The transaction was executed under a pre-arranged Rule 10b5-1 trading plan. In the last three months, insiders have sold 16,250 shares of company stock valued at $3,533,382. 0.70% of the stock is owned by insiders.

Analysts Set New Price Targets

Several brokerages recently issued reports on SNX. The Goldman Sachs Group boosted their price objective on TD SYNNEX from $180.00 to $205.00 and gave the company a “buy” rating in a research report on Thursday, April 2nd. Weiss Ratings reaffirmed a “buy (b)” rating on shares of TD SYNNEX in a research note on Monday, May 4th. Wall Street Zen raised shares of TD SYNNEX from a “hold” rating to a “buy” rating in a research report on Saturday, February 21st. Barclays raised their price objective on shares of TD SYNNEX from $166.00 to $237.00 and gave the stock an “equal weight” rating in a report on Friday, May 29th. Finally, UBS Group boosted their price objective on shares of TD SYNNEX from $193.00 to $265.00 and gave the company a “buy” rating in a research report on Tuesday, May 5th. One equities research analyst has rated the stock with a Strong Buy rating, nine have given a Buy rating and one has issued a Hold rating to the company’s stock. According to MarketBeat.com, the company presently has a consensus rating of “Buy” and a consensus target price of $212.60.

TD SYNNEX Company Profile

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.