Kesler Norman & Wride LLC Invests $746,000 in TD SYNNEX Co. (NYSE:SNX)

Kesler Norman & Wride LLC acquired a new stake in TD SYNNEX Co. (NYSE:SNX) during the 4th quarter, according to its most recent disclosure with the Securities & Exchange Commission. The firm acquired 6,355 shares of the business services provider’s stock, valued at approximately $746,000.

Other large investors have also bought and sold shares of the company. Bartlett & CO. Wealth Management LLC lifted its holdings in shares of TD SYNNEX by 345.1% in the fourth quarter. Bartlett & CO. Wealth Management LLC now owns 227 shares of the business services provider’s stock worth $27,000 after acquiring an additional 176 shares during the last quarter. UMB Bank n.a. boosted its position in TD SYNNEX by 48.4% in the fourth quarter. UMB Bank n.a. now owns 429 shares of the business services provider’s stock valued at $50,000 after buying an additional 140 shares in the last quarter. Point72 DIFC Ltd bought a new stake in shares of TD SYNNEX during the third quarter worth $55,000. Blue Trust Inc. increased its holdings in shares of TD SYNNEX by 37.7% during the fourth quarter. Blue Trust Inc. now owns 471 shares of the business services provider’s stock worth $55,000 after buying an additional 129 shares in the last quarter. Finally, Global Retirement Partners LLC lifted its stake in shares of TD SYNNEX by 31.9% in the 4th quarter. Global Retirement Partners LLC now owns 480 shares of the business services provider’s stock valued at $56,000 after acquiring an additional 116 shares during the last quarter. 84.00% of the stock is owned by institutional investors and hedge funds.

Insider Activity

In other news, Director Richard T. Hume sold 20,000 shares of the company’s stock in a transaction dated Friday, January 3rd. The shares were sold at an average price of $117.62, for a total transaction of $2,352,400.00. Following the transaction, the director now owns 111,080 shares in the company, valued at approximately $13,065,229.60. This represents a 15.26 % decrease in their ownership of the stock. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is accessible through this link. Also, Director Ann F. Vezina sold 839 shares of the firm’s stock in a transaction dated Thursday, January 16th. The shares were sold at an average price of $136.08, for a total value of $114,171.12. Following the completion of the sale, the director now owns 4,856 shares of the company’s stock, valued at approximately $660,804.48. This represents a 14.73 % decrease in their ownership of the stock. The disclosure for this sale can be found here. Insiders sold 49,172 shares of company stock worth $6,353,261 in the last quarter. 1.00% of the stock is owned by corporate insiders.

TD SYNNEX Trading Up 2.8 %

SNX opened at $106.73 on Thursday. TD SYNNEX Co. has a twelve month low of $98.00 and a twelve month high of $145.10. The company has a fifty day moving average of $133.58 and a 200-day moving average of $125.50. The stock has a market cap of $9.00 billion, a PE ratio of 13.41, a price-to-earnings-growth ratio of 1.06 and a beta of 1.51. The company has a quick ratio of 0.76, a current ratio of 1.24 and a debt-to-equity ratio of 0.46.

TD SYNNEX (NYSE:SNX) last issued its quarterly earnings results on Thursday, March 27th. The business services provider reported $2.80 earnings per share for the quarter, missing analysts’ consensus estimates of $2.87 by ($0.07). TD SYNNEX had a return on equity of 11.91% and a net margin of 1.18%. The business had revenue of $14.53 billion for the quarter, compared to analyst estimates of $14.79 billion. During the same quarter in the previous year, the business posted $2.99 earnings per share. The business’s revenue was up 4.0% on a year-over-year basis. On average, sell-side analysts predict that TD SYNNEX Co. will post 11.88 EPS for the current year.

TD SYNNEX Dividend Announcement

The business also recently disclosed a quarterly dividend, which will be paid on Friday, April 25th. Stockholders of record on Friday, April 11th will be given a dividend of $0.44 per share. This represents a $1.76 annualized dividend and a dividend yield of 1.65%. The ex-dividend date of this dividend is Friday, April 11th. TD SYNNEX’s dividend payout ratio (DPR) is 21.97%.

Analyst Upgrades and Downgrades

A number of brokerages have issued reports on SNX. Barrington Research reaffirmed an “outperform” rating and issued a $156.00 target price on shares of TD SYNNEX in a report on Friday, March 28th. JPMorgan Chase & Co. lowered their price objective on TD SYNNEX from $150.00 to $125.00 and set a “neutral” rating for the company in a research note on Friday, March 28th. Cfra cut their target price on shares of TD SYNNEX from $147.00 to $132.00 and set a “buy” rating on the stock in a research report on Friday, March 28th. StockNews.com lowered shares of TD SYNNEX from a “buy” rating to a “hold” rating in a report on Wednesday, March 26th. Finally, The Goldman Sachs Group dropped their price target on shares of TD SYNNEX from $154.00 to $137.00 and set a “buy” rating for the company in a research note on Friday, March 28th. Three investment analysts have rated the stock with a hold rating and seven have given a buy rating to the company’s stock. Based on data from MarketBeat.com, the stock currently has an average rating of “Moderate Buy” and a consensus price target of $140.00.

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.