Mackenzie Financial Corp Has $753,000 Position in TD SYNNEX Co. (NYSE:SNX)

Mackenzie Financial Corp increased its stake in shares of TD SYNNEX Co. (NYSE:SNX) by 9.9% in the 4th quarter, according to the company in its most recent Form 13F filing with the SEC. The firm owned 7,002 shares of the business services provider’s stock after purchasing an additional 628 shares during the quarter. Mackenzie Financial Corp’s holdings in TD SYNNEX were worth $753,000 as of its most recent filing with the SEC.

Several other institutional investors have also made changes to their positions in SNX. Diversified Trust Co lifted its stake in TD SYNNEX by 15.9% in the fourth quarter. Diversified Trust Co now owns 2,989 shares of the business services provider’s stock valued at $322,000 after acquiring an additional 409 shares during the last quarter. Raymond James Trust N.A. lifted its stake in TD SYNNEX by 9.0% in the fourth quarter. Raymond James Trust N.A. now owns 3,613 shares of the business services provider’s stock valued at $389,000 after acquiring an additional 297 shares during the last quarter. Schwartz Investment Counsel Inc. lifted its stake in TD SYNNEX by 10.8% in the fourth quarter. Schwartz Investment Counsel Inc. now owns 102,500 shares of the business services provider’s stock valued at $11,030,000 after acquiring an additional 10,000 shares during the last quarter. Signaturefd LLC lifted its stake in TD SYNNEX by 28.9% in the third quarter. Signaturefd LLC now owns 954 shares of the business services provider’s stock valued at $95,000 after acquiring an additional 214 shares during the last quarter. Finally, Vanguard Group Inc. lifted its stake in TD SYNNEX by 4.0% in the third quarter. Vanguard Group Inc. now owns 5,008,606 shares of the business services provider’s stock valued at $500,159,000 after acquiring an additional 193,198 shares during the last quarter. 84.00% of the stock is currently owned by institutional investors and hedge funds.

Analyst Upgrades and Downgrades

A number of equities analysts have recently commented on SNX shares. Barclays lifted their price target on shares of TD SYNNEX from $111.00 to $118.00 and gave the company an “equal weight” rating in a research report on Wednesday, March 27th. JPMorgan Chase & Co. lifted their price target on shares of TD SYNNEX from $113.00 to $126.00 and gave the company a “neutral” rating in a research report on Monday, April 1st. UBS Group raised shares of TD SYNNEX from a “neutral” rating to a “buy” rating and lifted their price target for the company from $115.00 to $145.00 in a research report on Tuesday, April 16th. Royal Bank of Canada reissued a “sector perform” rating and issued a $118.00 price target (up previously from $110.00) on shares of TD SYNNEX in a research report on Wednesday, March 27th. Finally, Barrington Research lifted their price target on shares of TD SYNNEX from $122.00 to $138.00 and gave the company an “outperform” rating in a research report on Thursday, March 28th. Four analysts have rated the stock with a hold rating and six have assigned a buy rating to the company. According to MarketBeat, TD SYNNEX presently has an average rating of “Moderate Buy” and an average price target of $121.82.

TD SYNNEX Trading Up 0.1 %

Shares of SNX stock opened at $117.38 on Friday. TD SYNNEX Co. has a 1 year low of $86.30 and a 1 year high of $119.87. The firm’s fifty day simple moving average is $108.79 and its 200 day simple moving average is $103.15. The firm has a market capitalization of $10.46 billion, a P/E ratio of 17.04, a price-to-earnings-growth ratio of 1.10 and a beta of 1.64. The company has a current ratio of 1.22, a quick ratio of 0.75 and a debt-to-equity ratio of 0.38.

TD SYNNEX (NYSE:SNX) last announced its earnings results on Tuesday, March 26th. The business services provider reported $2.83 earnings per share (EPS) for the quarter, topping analysts’ consensus estimates of $2.71 by $0.12. The business had revenue of $13.98 billion for the quarter, compared to analyst estimates of $14.37 billion. TD SYNNEX had a net margin of 1.12% and a return on equity of 12.16%. As a group, sell-side analysts predict that TD SYNNEX Co. will post 11.38 EPS for the current year.

TD SYNNEX Dividend Announcement

The firm also recently declared a quarterly dividend, which will be paid on Friday, April 26th. Shareholders of record on Friday, April 12th will be issued a $0.40 dividend. This represents a $1.60 annualized dividend and a yield of 1.36%. The ex-dividend date is Thursday, April 11th. TD SYNNEX’s dividend payout ratio (DPR) is presently 23.22%.

Insider Buying and Selling at TD SYNNEX

In other news, insider Dennis Polk sold 20,000 shares of the business’s stock in a transaction on Monday, April 8th. The shares were sold at an average price of $118.10, for a total value of $2,362,000.00. Following the sale, the insider now owns 134,706 shares in the company, valued at approximately $15,908,778.60. The sale was disclosed in a filing with the Securities & Exchange Commission, which can be accessed through the SEC website. In other news, insider Dennis Polk sold 20,000 shares of the business’s stock in a transaction on Monday, April 8th. The shares were sold at an average price of $118.10, for a total value of $2,362,000.00. Following the sale, the insider now owns 134,706 shares in the company, valued at approximately $15,908,778.60. The sale was disclosed in a filing with the Securities & Exchange Commission, which can be accessed through the SEC website. Also, CEO Richard T. Hume sold 10,000 shares of the business’s stock in a transaction on Monday, March 4th. The shares were sold at an average price of $105.57, for a total transaction of $1,055,700.00. Following the completion of the sale, the chief executive officer now owns 229,363 shares in the company, valued at approximately $24,213,851.91. The disclosure for this sale can be found here. Insiders own 1.90% of the company’s stock.

About TD SYNNEX

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.