Janney Montgomery Scott LLC Sells 223 Shares of TD SYNNEX Co. (NYSE:SNX)

Janney Montgomery Scott LLC lessened its holdings in shares of TD SYNNEX Co. (NYSE:SNX) by 2.1% in the third quarter, according to its most recent 13F filing with the Securities and Exchange Commission. The institutional investor owned 10,344 shares of the business services provider’s stock after selling 223 shares during the quarter. Janney Montgomery Scott LLC’s holdings in TD SYNNEX were worth $1,242,000 as of its most recent SEC filing.

Several other institutional investors have also recently bought and sold shares of the business. Farther Finance Advisors LLC raised its holdings in shares of TD SYNNEX by 22,173.3% in the 3rd quarter. Farther Finance Advisors LLC now owns 3,341 shares of the business services provider’s stock worth $401,000 after acquiring an additional 3,326 shares during the last quarter. Pallas Capital Advisors LLC raised its stake in shares of TD SYNNEX by 29.2% in the third quarter. Pallas Capital Advisors LLC now owns 5,322 shares of the business services provider’s stock worth $642,000 after purchasing an additional 1,203 shares during the last quarter. State of Alaska Department of Revenue lifted its holdings in shares of TD SYNNEX by 1.1% in the third quarter. State of Alaska Department of Revenue now owns 35,834 shares of the business services provider’s stock valued at $4,302,000 after purchasing an additional 385 shares in the last quarter. Capital Advisors Ltd. LLC boosted its position in shares of TD SYNNEX by 941.5% during the third quarter. Capital Advisors Ltd. LLC now owns 979 shares of the business services provider’s stock valued at $118,000 after buying an additional 885 shares during the last quarter. Finally, DekaBank Deutsche Girozentrale grew its holdings in TD SYNNEX by 13.1% during the third quarter. DekaBank Deutsche Girozentrale now owns 8,595 shares of the business services provider’s stock worth $1,017,000 after buying an additional 995 shares in the last quarter. Institutional investors and hedge funds own 84.00% of the company’s stock.

Insider Buying and Selling at TD SYNNEX

In related news, insider Dennis Polk sold 15,689 shares of the business’s stock in a transaction on Wednesday, October 2nd. The stock was sold at an average price of $116.93, for a total transaction of $1,834,514.77. Following the sale, the insider now directly owns 134,706 shares in the company, valued at approximately $15,751,172.58. The trade was a 10.43 % decrease in their position. The transaction was disclosed in a document filed with the SEC, which can be accessed through this hyperlink. Also, Director Richard T. Hume sold 20,000 shares of the firm’s stock in a transaction dated Wednesday, October 16th. The stock was sold at an average price of $120.72, for a total value of $2,414,400.00. Following the completion of the transaction, the director now owns 171,080 shares of the company’s stock, valued at approximately $20,652,777.60. This represents a 10.47 % decrease in their position. The disclosure for this sale can be found here. Insiders have sold a total of 69,645 shares of company stock valued at $8,414,329 over the last three months. 1.90% of the stock is currently owned by insiders.

Wall Street Analysts Forecast Growth

SNX has been the topic of several recent analyst reports. Barrington Research restated an “outperform” rating and set a $138.00 price objective on shares of TD SYNNEX in a research note on Monday, September 23rd. Loop Capital reissued a “buy” rating and set a $150.00 price target on shares of TD SYNNEX in a research report on Monday, October 7th. Royal Bank of Canada reaffirmed an “outperform” rating and issued a $140.00 price objective on shares of TD SYNNEX in a research report on Friday, September 27th. Barclays lifted their target price on shares of TD SYNNEX from $131.00 to $132.00 and gave the stock an “equal weight” rating in a research report on Friday, September 27th. Finally, StockNews.com upgraded TD SYNNEX from a “hold” rating to a “buy” rating in a research note on Friday, August 16th. Three research analysts have rated the stock with a hold rating and six have assigned a buy rating to the stock. According to MarketBeat, TD SYNNEX has an average rating of “Moderate Buy” and a consensus price target of $134.75.

TD SYNNEX Trading Down 2.0 %

Shares of SNX stock opened at $115.72 on Friday. The company has a quick ratio of 0.77, a current ratio of 1.25 and a debt-to-equity ratio of 0.46. The firm has a market cap of $9.85 billion, a P/E ratio of 14.97, a PEG ratio of 1.20 and a beta of 1.48. The company has a 50 day moving average of $118.27 and a 200-day moving average of $119.73. TD SYNNEX Co. has a 12-month low of $96.93 and a 12-month high of $133.85.

TD SYNNEX (NYSE:SNX) last released its earnings results on Thursday, September 26th. The business services provider reported $2.86 earnings per share (EPS) for the quarter, topping analysts’ consensus estimates of $2.80 by $0.06. TD SYNNEX had a return on equity of 12.15% and a net margin of 1.20%. The business had revenue of $14.68 billion during the quarter, compared to the consensus estimate of $14.11 billion. During the same period last year, the business posted $2.71 earnings per share. The business’s revenue for the quarter was up 5.2% on a year-over-year basis. Sell-side analysts anticipate that TD SYNNEX Co. will post 11.03 earnings per share for the current year.

TD SYNNEX Dividend Announcement

The firm also recently disclosed a quarterly dividend, which was paid on Friday, October 25th. Shareholders of record on Friday, October 11th were issued a dividend of $0.40 per share. This represents a $1.60 annualized dividend and a yield of 1.38%. The ex-dividend date was Friday, October 11th. TD SYNNEX’s dividend payout ratio (DPR) is presently 20.70%.

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.