Aigen Investment Management LP Purchases New Stake in TD SYNNEX Co. (NYSE:SNX)

Aigen Investment Management LP acquired a new position in shares of TD SYNNEX Co. (NYSE:SNX – Get Rating) during the 4th quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission (SEC). The institutional investor acquired 2,256 shares of the business services provider’s stock, valued at approximately $214,000.

A number of other large investors have also recently made changes to their positions in SNX. BlackRock Inc. raised its holdings in shares of TD SYNNEX by 6.0% in the 3rd quarter. BlackRock Inc. now owns 3,732,192 shares of the business services provider’s stock worth $303,018,000 after acquiring an additional 211,608 shares during the last quarter. GMT Capital Corp lifted its holdings in shares of TD SYNNEX by 78.8% in the fourth quarter. GMT Capital Corp now owns 420,800 shares of the business services provider’s stock valued at $39,854,000 after purchasing an additional 185,400 shares in the last quarter. Charles Schwab Investment Management Inc. boosted its position in shares of TD SYNNEX by 38.1% during the first quarter. Charles Schwab Investment Management Inc. now owns 483,464 shares of the business services provider’s stock valued at $49,899,000 after buying an additional 133,469 shares during the last quarter. Dimensional Fund Advisors LP grew its holdings in TD SYNNEX by 7.8% during the fourth quarter. Dimensional Fund Advisors LP now owns 1,730,742 shares of the business services provider’s stock worth $163,921,000 after buying an additional 125,192 shares in the last quarter. Finally, Vanguard Group Inc. raised its position in TD SYNNEX by 2.0% in the 3rd quarter. Vanguard Group Inc. now owns 4,215,710 shares of the business services provider’s stock valued at $342,274,000 after buying an additional 84,548 shares during the last quarter. 84.70% of the stock is owned by institutional investors.

Insider Transactions at TD SYNNEX

In related news, CFO Marshall Witt sold 603 shares of the stock in a transaction on Tuesday, March 21st. The shares were sold at an average price of $92.81, for a total transaction of $55,964.43. Following the transaction, the chief financial officer now owns 53,304 shares of the company’s stock, valued at approximately $4,947,144.24. The transaction was disclosed in a legal filing with the SEC, which is available through the SEC website. In other news, insider Simon Leung sold 10,174 shares of the company’s stock in a transaction dated Friday, April 28th. The shares were sold at an average price of $88.47, for a total transaction of $900,093.78. Following the completion of the transaction, the insider now directly owns 32,931 shares of the company’s stock, valued at $2,913,405.57. The sale was disclosed in a legal filing with the SEC, which is accessible through this hyperlink. Also, CFO Marshall Witt sold 603 shares of the firm’s stock in a transaction dated Tuesday, March 21st. The stock was sold at an average price of $92.81, for a total value of $55,964.43. Following the completion of the sale, the chief financial officer now directly owns 53,304 shares in the company, valued at $4,947,144.24. The disclosure for this sale can be found here. In the last ninety days, insiders sold 36,998 shares of company stock worth $3,439,588. 1.70% of the stock is currently owned by insiders.

TD SYNNEX Stock Up 2.1 %

Shares of NYSE:SNX opened at $90.15 on Friday. The firm has a market capitalization of $8.51 billion, a PE ratio of 12.59, a price-to-earnings-growth ratio of 0.91 and a beta of 1.63. The company has a debt-to-equity ratio of 0.47, a quick ratio of 0.73 and a current ratio of 1.26. TD SYNNEX Co. has a 52-week low of $78.86 and a 52-week high of $111.57. The firm has a fifty day moving average of $90.95 and a 200 day moving average of $96.66.

TD SYNNEX (NYSE:SNX – Get Rating) last posted its quarterly earnings data on Tuesday, March 28th. The business services provider reported $2.82 earnings per share (EPS) for the quarter, topping analysts’ consensus estimates of $2.74 by $0.08. The firm had revenue of $15.13 billion during the quarter, compared to analysts’ expectations of $15.74 billion. TD SYNNEX had a return on equity of 13.80% and a net margin of 1.11%. As a group, research analysts anticipate that TD SYNNEX Co. will post 10.96 EPS for the current fiscal year.

TD SYNNEX Announces Dividend

The firm also recently declared a quarterly dividend, which was paid on Friday, April 28th. Shareholders of record on Friday, April 14th were paid a dividend of $0.35 per share. This represents a $1.40 annualized dividend and a dividend yield of 1.55%. The ex-dividend date was Thursday, April 13th. TD SYNNEX’s dividend payout ratio (DPR) is presently 19.55%.

Analyst Ratings Changes

A number of analysts recently commented on the company. Stifel Nicolaus decreased their price target on TD SYNNEX from $120.00 to $110.00 in a research report on Tuesday, March 28th. Barrington Research lowered their target price on TD SYNNEX from $130.00 to $120.00 and set an “outperform” rating on the stock in a research note on Monday, April 3rd. TheStreet upgraded TD SYNNEX from a “c+” rating to a “b-” rating in a research note on Friday, April 14th. JPMorgan Chase & Co. dropped their price objective on shares of TD SYNNEX from $125.00 to $115.00 and set an “overweight” rating on the stock in a report on Wednesday, March 29th. Finally, Raymond James reduced their price target on TD SYNNEX from $140.00 to $130.00 and set a “strong-buy” rating for the company in a research report on Wednesday, March 29th. Five research analysts have rated the stock with a hold rating, four have assigned a buy rating and one has issued a strong buy rating to the stock. According to MarketBeat, TD SYNNEX presently has an average rating of “Moderate Buy” and an average target price of $113.91.

TD SYNNEX Profile

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TD SYNNEX Corp. engages in the distribution and aggregation of solutions in the information technology ecosystem. It operates through the following geographical segments: Americas, Europe, and Asia-Pacific and Japan. The firm offers IT hardware, software, and systems including personal computing devices and peripherals, mobile phones and accessories, printers, server and datacenter infrastructure, hybrid cloud, security, networking, communications and storage solutions, and system components.