7,139 Shares in TD SYNNEX Corporation $SNX Acquired by Atlas Capital Advisors Inc.

Atlas Capital Advisors Inc. purchased a new position in shares of TD SYNNEX Corporation (NYSE:SNX) during the 4th quarter, Holdings Channel.com reports. The firm purchased 7,139 shares of the business services provider’s stock, valued at approximately $1,072,000.

Several other large investors have also made changes to their positions in SNX. Dorato Capital Management acquired a new stake in shares of TD SYNNEX during the 4th quarter worth approximately $27,000. Ossiam boosted its position in shares of TD SYNNEX by 84.3% during the 3rd 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. Measured Wealth Private Client Group LLC acquired a new stake in shares of TD SYNNEX during the 3rd quarter worth approximately $30,000. Lloyd Advisory Services LLC. acquired a new stake in shares of TD SYNNEX during the 4th quarter worth approximately $32,000. Finally, Brown Brothers Harriman & Co. boosted its position 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 worth $37,000 after acquiring an additional 196 shares in the last quarter. Institutional investors and hedge funds own 84.00% of the company’s stock.

Insider Buying and Selling

In related news, Director Richard T. Hume sold 5,000 shares of TD SYNNEX stock in a transaction on Tuesday, June 2nd. The shares were sold at an average price of $280.38, for a total transaction of $1,401,900.00. Following the completion of the transaction, the director owned 23,537 shares of the company’s stock, valued at $6,599,304.06. This trade represents a 17.52% decrease in their ownership of the stock. The sale was disclosed in a filing with the Securities & Exchange Commission, which is available at the SEC website. The transaction was executed under a pre-arranged Rule 10b5-1 trading plan. Also, insider Miriam Anne Murphy sold 3,025 shares of TD SYNNEX stock in a transaction on Thursday, April 9th. The stock was sold at an average price of $200.14, for a total transaction of $605,423.50. Following the transaction, the insider directly owned 10,820 shares of the company’s stock, valued at $2,165,514.80. This represents a 21.85% decrease in their position. Additional details regarding this sale are available in the official SEC disclosure. Insiders sold 21,250 shares of company stock valued at $4,935,282 over the last quarter. Insiders own 0.70% of the company’s stock.

TD SYNNEX Price Performance

SNX stock opened at $280.91 on Monday. The company has a fifty day moving average price of $232.97 and a 200-day moving average price of $183.36. The company has a market capitalization of $22.58 billion, a P/E ratio of 23.35, a PEG ratio of 1.21 and a beta of 1.43. TD SYNNEX Corporation has a 52-week low of $122.96 and a 52-week high of $286.25. The company has a debt-to-equity ratio of 0.41, a quick ratio of 0.71 and a current ratio of 1.22.

TD SYNNEX (NYSE:SNX) last released its quarterly 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. The firm had revenue of $17.16 billion during the quarter, compared to the consensus estimate of $15.59 billion. TD SYNNEX had a net margin of 1.52% and a return on equity of 14.03%. The company’s revenue for the quarter was up 18.1% on a year-over-year basis. During the same quarter last year, the firm earned $2.80 earnings per share. As a group, equities analysts expect that TD SYNNEX Corporation will post 15.88 EPS for the current year.

TD SYNNEX Dividend Announcement

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

Analysts Set New Price Targets

A number of analysts have weighed in on SNX shares. UBS Group raised their target price on shares of TD SYNNEX from $265.00 to $310.00 and gave the company a “buy” rating in a research report on Tuesday, June 9th. Barclays raised their target price on shares of TD SYNNEX from $166.00 to $237.00 and gave the company an “equal weight” rating in a research report on Friday, May 29th. Morgan Stanley raised their target price on shares of TD SYNNEX from $172.00 to $174.00 and gave the company an “overweight” rating in a research report on Friday, March 20th. JPMorgan Chase & Co. upgraded shares of TD SYNNEX from a “neutral” rating to an “overweight” rating and set a $298.00 target price on the stock in a research report on Wednesday, May 27th. Finally, The Goldman Sachs Group raised their target price on shares of TD SYNNEX from $270.00 to $300.00 and gave the company a “buy” rating in a research report on Thursday. Nine investment analysts have rated the stock with a Buy rating and two have assigned a Hold rating to the stock. According to MarketBeat.com, the stock has a consensus rating of “Moderate Buy” and a consensus target price of $233.10.

TD SYNNEX 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.