WINTON GROUP Ltd Purchases 92,213 Shares of TD SYNNEX Co. (NYSE:SNX)

WINTON GROUP Ltd lifted its position in TD SYNNEX Co. (NYSE:SNX) by 472.4% during the second quarter, according to the company in its most recent filing with the Securities & Exchange Commission. The fund owned 111,732 shares of the business services provider’s stock after buying an additional 92,213 shares during the period. WINTON GROUP Ltd owned approximately 0.13% of TD SYNNEX worth $12,894,000 as of its most recent SEC filing.

Several other large investors have also recently modified their holdings of SNX. Vanguard Group Inc. increased its position in shares of TD SYNNEX by 23.4% during the first quarter. Vanguard Group Inc. now owns 6,641,402 shares of the business services provider’s stock worth $751,143,000 after purchasing an additional 1,261,474 shares in the last quarter. Ninety One UK Ltd increased its position in TD SYNNEX by 131.0% during the 2nd quarter. Ninety One UK Ltd now owns 1,371,737 shares of the business services provider’s stock valued at $158,298,000 after buying an additional 777,924 shares in the last quarter. Norges Bank purchased a new stake in TD SYNNEX in the fourth quarter valued at about $79,506,000. Lind Value II ApS acquired a new stake in TD SYNNEX in the first quarter worth about $77,858,000. Finally, Lord Abbett & CO. LLC purchased a new stake in shares of TD SYNNEX during the first quarter worth about $57,981,000. Institutional investors own 84.00% of the company’s stock.

Insiders Place Their Bets

In other news, insider Dennis Polk sold 20,000 shares of the company’s stock in a transaction that occurred on Thursday, June 27th. The stock was sold at an average price of $115.66, for a total transaction of $2,313,200.00. Following the completion of the transaction, the insider now directly owns 134,706 shares of the company’s stock, valued at approximately $15,580,095.96. The sale was disclosed in a filing with the SEC, which is available at this link. In related news, insider Dennis Polk sold 20,000 shares of TD SYNNEX stock in a transaction dated Thursday, June 27th. The stock was sold at an average price of $115.66, for a total value of $2,313,200.00. Following the sale, the insider now directly owns 134,706 shares in the company, valued at approximately $15,580,095.96. The transaction was disclosed in a legal filing with the SEC, which is available at this link. Also, CFO Marshall Witt sold 11,441 shares of the business’s stock in a transaction that occurred on Wednesday, August 7th. The stock was sold at an average price of $110.14, for a total value of $1,260,111.74. Following the sale, the chief financial officer now owns 45,115 shares of the company’s stock, valued at $4,968,966.10. The disclosure for this sale can be found here. Over the last 90 days, insiders have sold 35,188 shares of company stock worth $3,998,655. 1.90% of the stock is owned by corporate insiders.

TD SYNNEX Trading Up 1.7 %

Shares of NYSE:SNX opened at $112.89 on Friday. 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 12-month low of $89.73 and a 12-month high of $133.85. The business has a 50 day moving average of $115.56 and a two-hundred day moving average of $117.04. The company has a market capitalization of $9.65 billion, a PE ratio of 15.81, a PEG ratio of 1.10 and a beta of 1.49.

TD SYNNEX (NYSE:SNX) last posted its earnings results on Tuesday, June 25th. The business services provider reported $2.61 earnings per share (EPS) for the quarter, missing the consensus estimate of $2.66 by ($0.05). TD SYNNEX had a net margin of 1.14% and a return on equity of 12.32%. The firm had revenue of $13.95 billion during the quarter, compared to analyst estimates of $14.12 billion. As a group, analysts forecast that TD SYNNEX Co. will post 11.22 EPS for the current year.

TD SYNNEX Announces Dividend

The firm also recently declared a quarterly dividend, which was paid on Friday, July 26th. Investors of record on Friday, July 12th were issued a $0.40 dividend. The ex-dividend date was Friday, July 12th. This represents a $1.60 dividend on an annualized basis and a yield of 1.42%. TD SYNNEX’s payout ratio is 22.41%.

Analyst Upgrades and Downgrades

A number of analysts recently commented on SNX shares. Bank of America lowered their target price 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. JPMorgan Chase & Co. dropped their price objective on shares of TD SYNNEX from $126.00 to $123.00 and set a “neutral” rating on the stock in a report on Wednesday, June 26th. StockNews.com upgraded TD SYNNEX from a “hold” rating to a “buy” rating in a research note on Friday, August 16th. Barrington Research restated an “outperform” rating and issued a $138.00 price objective on shares of TD SYNNEX in a research note on Wednesday, June 26th. Finally, Royal Bank of Canada raised TD SYNNEX from a “sector perform” rating to an “outperform” rating and lifted their target price for the stock from $135.00 to $140.00 in a report on Monday, July 15th. Three equities research analysts have rated the stock with a hold rating and seven have issued a buy rating to the company. According to data from MarketBeat, the stock has a consensus rating of “Moderate Buy” and a consensus price target of $127.33.

About TD SYNNEX

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.