Sivia Capital Partners LLC Acquires Shares of 2,745 TD SYNNEX Corporation $SNX

Sivia Capital Partners LLC acquired a new stake in shares of TD SYNNEX Corporation (NYSE:SNX) in the 4th quarter, according to the company in its most recent Form 13F filing with the SEC. The institutional investor acquired 2,745 shares of the business services provider’s stock, valued at approximately $412,000.

Several other hedge funds and other institutional investors have also made changes to their positions in SNX. Norges Bank bought a new position in shares of TD SYNNEX during the 4th quarter valued at about $148,559,000. Alyeska Investment Group L.P. bought a new position in shares of TD SYNNEX during the 3rd quarter valued at about $135,631,000. Victory Capital Management Inc. boosted its holdings in shares of TD SYNNEX by 123.6% during the 3rd quarter. Victory Capital Management Inc. now owns 728,321 shares of the business services provider’s stock valued at $119,263,000 after purchasing an additional 402,573 shares during the last quarter. Wedge Capital Management L L P NC bought a new position in shares of TD SYNNEX during the 4th quarter valued at about $60,104,000. Finally, Marshall Wace LLP boosted its holdings in shares of TD SYNNEX by 6,626.0% during the 3rd quarter. Marshall Wace LLP now owns 402,754 shares of the business services provider’s stock valued at $65,951,000 after purchasing an additional 396,766 shares during the last quarter. Institutional investors own 84.00% of the company’s stock.

Insider Buying and Selling

In other news, insider Miriam Anne Murphy sold 3,025 shares of the business’s stock in a transaction on Thursday, April 9th. The shares were sold at an average price of $200.14, for a total transaction of $605,423.50. Following the completion of the sale, the insider directly owned 10,820 shares of the company’s stock, valued at approximately $2,165,514.80. The trade was a 21.85% decrease in their ownership of the stock. The sale was disclosed in a document filed with the Securities & Exchange Commission, which can be accessed through this link. Also, Director Richard T. Hume sold 5,000 shares of the business’s stock in a transaction on Tuesday, June 2nd. The shares were sold at an average price of $280.38, for a total transaction of $1,401,900.00. Following the sale, the director directly owned 23,537 shares of the company’s stock, valued at $6,599,304.06. This represents a 17.52% decrease in their ownership of the stock. Additional details regarding this sale are available in the official SEC disclosure. The transaction was executed under a pre-arranged Rule 10b5-1 trading plan. In the last three months, insiders sold 21,250 shares of company stock valued at $4,935,282. Insiders own 0.70% of the company’s stock.

Analyst Ratings Changes

Several equities research analysts recently weighed in on the stock. Zacks Research cut shares of TD SYNNEX from a “strong-buy” rating to a “hold” rating in a research report on Monday, June 1st. Barrington Research restated an “outperform” rating and issued a $182.00 price target on shares of TD SYNNEX in a research report on Friday, March 27th. JPMorgan Chase & Co. upgraded shares of TD SYNNEX from a “neutral” rating to an “overweight” rating and set a $298.00 price target on the stock in a research report on Wednesday, May 27th. Royal Bank Of Canada boosted their price target on shares of TD SYNNEX from $210.00 to $250.00 and gave the stock an “outperform” rating in a research report on Thursday, April 30th. Finally, Wall Street Zen upgraded shares of TD SYNNEX from a “hold” rating to a “buy” rating in a research report on Saturday, February 21st. Nine research analysts have rated the stock with a Buy rating and two have issued a Hold rating to the company’s stock. According to MarketBeat.com, the stock presently has a consensus rating of “Moderate Buy” and an average price target of $212.60.

TD SYNNEX Stock Performance

Shares of NYSE:SNX opened at $268.25 on Friday. The company has a market capitalization of $21.56 billion, a price-to-earnings ratio of 22.30, a PEG ratio of 1.20 and a beta of 1.43. TD SYNNEX Corporation has a 12 month low of $121.50 and a 12 month high of $286.25. The firm’s 50-day moving average is $222.16 and its 200 day moving average is $178.64. The company has a current ratio of 1.22, a quick ratio of 0.71 and a debt-to-equity ratio of 0.41.

TD SYNNEX (NYSE:SNX) last issued its quarterly earnings results on Tuesday, March 31st. The business services provider reported $4.73 EPS for the quarter, beating the consensus estimate of $3.24 by $1.49. The company had revenue of $17.16 billion for the quarter, compared to the consensus estimate of $15.59 billion. TD SYNNEX had a net margin of 1.52% and a return on equity of 14.03%. The firm’s revenue was up 18.1% compared to the same quarter last year. During the same period in the prior year, the firm posted $2.80 EPS. Research analysts predict that TD SYNNEX Corporation will post 15.88 EPS for the current year.

TD SYNNEX Announces Dividend

The firm also recently declared a quarterly dividend, which was paid on Wednesday, April 29th. Investors of record on Wednesday, April 15th were paid a dividend of $0.48 per share. This represents a $1.92 dividend on an annualized basis and a dividend yield of 0.7%. The ex-dividend date of this dividend was Wednesday, April 15th. TD SYNNEX’s dividend payout ratio (DPR) is currently 15.96%.

TD SYNNEX Profile

TD SYNNEX (NYSE: SNX) is a leading global distributor and solutions aggregator for the information technology industry. Formed in September 2021 through the merger of Tech Data and SYNNEX Corporation, the company provides a comprehensive range of products, services and solutions that span hardware, software, cloud, mobility, security and data center technologies. TD SYNNEX partners with vendors, resellers and system integrators to design, deploy and support IT infrastructures across diverse market segments, including commercial enterprises, public sector organizations and retail operations.

The company’s core business activities include the distribution of technology products from manufacturers such as servers, storage, networking equipment and peripherals, as well as the resale and provisioning of software licenses and cloud-based solutions.