TD SYNNEX Co. (NYSE:SNX) Shares Sold by Caxton Associates LP

Caxton Associates LP reduced its position in TD SYNNEX Co. (NYSE:SNX) by 53.1% in the 2nd quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission (SEC). The institutional investor owned 6,094 shares of the business services provider’s stock after selling 6,900 shares during the quarter. Caxton Associates LP’s holdings in TD SYNNEX were worth $703,000 as of its most recent SEC filing.

Other institutional investors also recently bought and sold shares of the company. 9258 Wealth Management LLC acquired a new position in shares of TD SYNNEX during the fourth quarter worth about $207,000. Corient Private Wealth LLC grew its position in shares of TD SYNNEX by 139.6% during the fourth quarter. Corient Private Wealth LLC now owns 31,140 shares of the business services provider’s stock worth $3,351,000 after buying an additional 18,141 shares in the last quarter. Assetmark Inc. grew its position in shares of TD SYNNEX by 11.8% during the fourth quarter. Assetmark Inc. now owns 2,030 shares of the business services provider’s stock worth $218,000 after buying an additional 214 shares in the last quarter. Commerce Bank acquired a new position in shares of TD SYNNEX during the fourth quarter worth about $588,000. Finally, Hsbc Holdings PLC grew its position in shares of TD SYNNEX by 786.6% during the fourth quarter. Hsbc Holdings PLC now owns 28,060 shares of the business services provider’s stock worth $3,021,000 after buying an additional 24,895 shares in the last quarter. 84.00% of the stock is owned by institutional investors and hedge funds.

TD SYNNEX Price Performance

SNX stock opened at $118.71 on Friday. The business has a 50 day moving average price of $116.14 and a 200 day moving average price of $117.76. The stock has a market cap of $10.14 billion, a price-to-earnings ratio of 16.63, a PEG ratio of 1.18 and a beta of 1.49. TD SYNNEX Co. has a fifty-two week low of $89.73 and a fifty-two week high of $133.85. The company has a quick ratio of 0.78, a current ratio of 1.26 and a debt-to-equity ratio of 0.47.

TD SYNNEX (NYSE:SNX) last issued its quarterly earnings data on Tuesday, June 25th. The business services provider reported $2.61 earnings per share 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 firm had revenue of $13.95 billion during the quarter, compared to analysts’ expectations of $14.12 billion. Equities research analysts anticipate that TD SYNNEX Co. will post 11.22 earnings per share for the current fiscal year.

Insider Buying and Selling at TD SYNNEX

In other TD SYNNEX news, COO Patrick Zammit sold 3,513 shares of the business’s stock in a transaction that occurred on Friday, July 12th. The stock was sold at an average price of $113.28, for a total value of $397,952.64. Following the completion of the sale, the chief operating officer now owns 140,205 shares in the company, valued at $15,882,422.40. The sale was disclosed in a document filed with the SEC, which is available through this link. In other TD SYNNEX news, 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 completion of the sale, the chief financial officer now owns 45,115 shares in the company, valued at $4,968,966.10. The sale was disclosed in a document filed with the SEC, which is available through this link. Also, COO Patrick Zammit sold 3,513 shares of the business’s stock in a transaction that occurred on Friday, July 12th. The shares were sold at an average price of $113.28, for a total value of $397,952.64. Following the completion of the sale, the chief operating officer now owns 140,205 shares of the company’s stock, valued at approximately $15,882,422.40. The disclosure for this sale can be found here. Over the last quarter, insiders sold 15,188 shares of company stock worth $1,685,455. 1.90% of the stock is owned by insiders.

Analysts Set New Price Targets

A number of brokerages have recently commented on SNX. Bank of America lowered their price objective on TD SYNNEX from $135.00 to $132.00 and set a “buy” rating for the company in a research report on Thursday, June 27th. UBS Group boosted their price objective on TD SYNNEX from $145.00 to $150.00 and gave the stock a “buy” rating 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 boosted their price objective for the stock from $135.00 to $140.00 in a research report on Monday, July 15th. StockNews.com upgraded TD SYNNEX from a “hold” rating to a “buy” rating in a research note on Friday, August 16th. Finally, JPMorgan Chase & Co. decreased their target price on TD SYNNEX from $126.00 to $123.00 and set a “neutral” rating for the company in a research note on Wednesday, June 26th. Three analysts have rated the stock with a hold rating and six have assigned a buy rating to the company. According to MarketBeat, TD SYNNEX presently has an average rating of “Moderate Buy” and an average price target of $128.25.

TD SYNNEX 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.