Crossmark Global Holdings Inc. Has $716,000 Stock Position in TD SYNNEX Co. (NYSE:SNX)

Crossmark Global Holdings Inc. grew its stake in shares of TD SYNNEX Co. (NYSE:SNX) by 15.0% in the 3rd quarter, according to its most recent Form 13F filing with the Securities & Exchange Commission. The fund owned 5,964 shares of the business services provider’s stock after acquiring an additional 777 shares during the period. Crossmark Global Holdings Inc.’s holdings in TD SYNNEX were worth $716,000 at the end of the most recent quarter.

A number of other institutional investors also recently made changes to their positions in SNX. Hancock Whitney Corp grew its stake in shares of TD SYNNEX by 57.9% in the second quarter. Hancock Whitney Corp now owns 16,929 shares of the business services provider’s stock valued at $1,954,000 after acquiring an additional 6,207 shares in the last quarter. Wedge Capital Management L L P NC grew its position in shares of TD SYNNEX by 20.3% during the 2nd quarter. Wedge Capital Management L L P NC now owns 31,146 shares of the business services provider’s stock worth $3,594,000 after purchasing an additional 5,252 shares in the last quarter. Friedenthal Financial bought a new position in shares of TD SYNNEX during the second quarter worth approximately $967,000. ClariVest Asset Management LLC increased its holdings in shares of TD SYNNEX by 45,552.8% during the second quarter. ClariVest Asset Management LLC now owns 16,435 shares of the business services provider’s stock worth $1,897,000 after purchasing an additional 16,399 shares during the period. Finally, Tidal Investments LLC raised its position in shares of TD SYNNEX by 55.7% in the first quarter. Tidal Investments LLC now owns 17,508 shares of the business services provider’s stock valued at $1,980,000 after buying an additional 6,265 shares in the last quarter. Institutional investors own 84.00% of the company’s stock.

Insider Activity

In other news, insider Simon Leung sold 6,249 shares of TD SYNNEX stock in a transaction on Wednesday, November 6th. The shares were sold at an average price of $123.17, for a total transaction of $769,689.33. Following the transaction, the insider now owns 23,339 shares in the company, valued at approximately $2,874,664.63. The trade was a 21.12 % decrease in their ownership of the stock. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is accessible through the SEC website. Also, Director Ann F. Vezina sold 1,937 shares of the business’s stock in a transaction on Wednesday, October 9th. The stock was sold at an average price of $121.11, for a total transaction of $234,590.07. Following the completion of the sale, the director now directly owns 5,695 shares in the company, valued at approximately $689,721.45. This represents a 25.38 % decrease in their position. The disclosure for this sale can be found here. Over the last three months, insiders have sold 69,645 shares of company stock valued at $8,414,329. 1.90% of the stock is currently owned by corporate insiders.

Wall Street Analyst Weigh In

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

TD SYNNEX Stock Down 0.3 %

Shares of NYSE SNX opened at $115.30 on Friday. The stock has a 50-day moving average price of $118.35 and a two-hundred day moving average price of $119.70. TD SYNNEX Co. has a 12 month low of $96.93 and a 12 month high of $133.85. The company has a current ratio of 1.25, a quick ratio of 0.77 and a debt-to-equity ratio of 0.46. The company has a market cap of $9.81 billion, a price-to-earnings ratio of 14.92, a PEG ratio of 1.19 and a beta of 1.48.

TD SYNNEX (NYSE:SNX) last issued its quarterly earnings data on Thursday, September 26th. The business services provider reported $2.86 EPS for the quarter, beating the consensus estimate of $2.80 by $0.06. The business had revenue of $14.68 billion during the quarter, compared to the consensus estimate of $14.11 billion. TD SYNNEX had a net margin of 1.20% and a return on equity of 12.15%. The firm’s revenue was up 5.2% compared to the same quarter last year. During the same quarter in the prior year, the firm earned $2.71 EPS. As a group, analysts forecast that TD SYNNEX Co. will post 11.03 earnings per share for the current fiscal year.

TD SYNNEX Dividend Announcement

The company also recently announced a quarterly dividend, which was paid on Friday, October 25th. Shareholders of record on Friday, October 11th were given a $0.40 dividend. The ex-dividend date of this dividend was Friday, October 11th. This represents a $1.60 annualized dividend and a yield of 1.39%. TD SYNNEX’s dividend payout ratio 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.