Kennedy Capital Management LLC Has $16.89 Million Holdings in TD SYNNEX Co. (NYSE:SNX)

Kennedy Capital Management LLC lessened its stake in shares of TD SYNNEX Co. (NYSE:SNX) by 13.1% during the fourth quarter, HoldingsChannel.com reports. The institutional investor owned 144,021 shares of the business services provider’s stock after selling 21,718 shares during the period. Kennedy Capital Management LLC’s holdings in TD SYNNEX were worth $16,891,000 at the end of the most recent reporting period.

A number of other institutional investors have also bought and sold shares of SNX. Quantinno Capital Management LP raised its holdings in shares of TD SYNNEX by 5.6% in the 3rd quarter. Quantinno Capital Management LP now owns 15,770 shares of the business services provider’s stock worth $1,894,000 after acquiring an additional 831 shares during the last quarter. State Street Corp boosted its holdings in TD SYNNEX by 0.7% in the 3rd quarter. State Street Corp now owns 2,189,732 shares of the business services provider’s stock worth $262,943,000 after buying an additional 15,995 shares during the period. Kovitz Investment Group Partners LLC boosted its holdings in TD SYNNEX by 26.3% in the 3rd quarter. Kovitz Investment Group Partners LLC now owns 2,620 shares of the business services provider’s stock worth $304,000 after buying an additional 546 shares during the period. XTX Topco Ltd purchased a new stake in TD SYNNEX in the 3rd quarter worth approximately $219,000. Finally, Y Intercept Hong Kong Ltd raised its position in shares of TD SYNNEX by 109.9% during the 3rd quarter. Y Intercept Hong Kong Ltd now owns 11,003 shares of the business services provider’s stock valued at $1,321,000 after buying an additional 5,761 shares in the last quarter. Institutional investors own 84.00% of the company’s stock.

TD SYNNEX Trading Up 10.2 %

Shares of SNX opened at $107.23 on Thursday. The firm has a 50-day moving average price of $127.75 and a 200 day moving average price of $124.64. TD SYNNEX Co. has a 12-month low of $92.23 and a 12-month high of $145.10. The company has a current ratio of 1.24, a quick ratio of 0.76 and a debt-to-equity ratio of 0.46. The firm has a market capitalization of $9.05 billion, a P/E ratio of 13.47, a P/E/G ratio of 1.06 and a beta of 1.36.

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

TD SYNNEX Announces Dividend

The company also recently declared a quarterly dividend, which will be paid on Friday, April 25th. Stockholders of record on Friday, April 11th will be paid a dividend of $0.44 per share. This represents a $1.76 annualized dividend and a dividend yield of 1.64%. The ex-dividend date of this dividend is Friday, April 11th. TD SYNNEX’s dividend payout ratio (DPR) is presently 21.97%.

Analyst Ratings Changes

Several research firms have weighed in on SNX. Barrington Research reissued an “outperform” rating and issued a $156.00 price target on shares of TD SYNNEX in a research note on Friday, March 28th. Cfra dropped 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 note on Friday, March 28th. UBS Group decreased their price target on shares of TD SYNNEX from $150.00 to $138.00 and set a “buy” rating on the stock in a research report on Friday, March 28th. StockNews.com cut shares of TD SYNNEX from a “buy” rating to a “hold” rating in a research note on Wednesday, March 26th. Finally, The Goldman Sachs Group lowered their target price on shares of TD SYNNEX from $154.00 to $137.00 and set a “buy” rating for the company in a report on Friday, March 28th. Three analysts have rated the stock with a hold rating and seven have issued a buy rating to the stock. According to data from MarketBeat.com, the stock has an average rating of “Moderate Buy” and a consensus price target of $140.00.

Insider Buying and Selling at TD SYNNEX

In other TD SYNNEX news, Director Richard T. Hume sold 20,000 shares of the stock in a transaction on Monday, March 3rd. The stock was sold at an average price of $135.88, for a total value of $2,717,600.00. Following the sale, the director now directly owns 65,480 shares of the company’s stock, valued at $8,897,422.40. This trade represents a 23.40 % decrease in their ownership of the stock. The sale was disclosed in a filing with the Securities & Exchange Commission, which is available at this link. Also, CFO Marshall Witt sold 1,510 shares of the stock in a transaction on Tuesday, March 18th. The shares were sold at an average price of $128.08, for a total value of $193,400.80. Following the completion of the transaction, the chief financial officer now owns 49,843 shares of the company’s stock, valued at $6,383,891.44. This trade represents a 2.94 % decrease in their position. The disclosure for this sale can be found here. Insiders sold 29,172 shares of company stock worth $4,000,861 in the last 90 days. 1.00% of the stock is owned by company insiders.

TD SYNNEX Company 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.