Bragg Financial Advisors Inc Has $35.93 Million Stock Holdings in TD SYNNEX Co. (NYSE:SNX)

Bragg Financial Advisors Inc raised its stake in TD SYNNEX Co. (NYSE:SNX) by 0.4% during the fourth quarter, according to its most recent filing with the Securities and Exchange Commission (SEC). The fund owned 306,323 shares of the business services provider’s stock after buying an additional 1,170 shares during the period. TD SYNNEX comprises about 1.5% of Bragg Financial Advisors Inc’s investment portfolio, making the stock its 6th biggest position. Bragg Financial Advisors Inc owned 0.36% of TD SYNNEX worth $35,926,000 as of its most recent filing with the Securities and Exchange Commission (SEC).

Several other institutional investors and hedge funds have also recently made changes to their positions in the stock. Norges Bank bought a new stake in TD SYNNEX in the 4th quarter worth approximately $121,199,000. Ninety One UK Ltd lifted its stake in shares of TD SYNNEX by 75.4% in the 4th quarter. Ninety One UK Ltd now owns 2,364,563 shares of the business services provider’s stock valued at $277,316,000 after acquiring an additional 1,016,251 shares during the last quarter. JPMorgan Chase & Co. lifted its position in TD SYNNEX by 37.0% in the third quarter. JPMorgan Chase & Co. now owns 3,012,219 shares of the business services provider’s stock valued at $361,707,000 after purchasing an additional 813,634 shares during the last quarter. LSV Asset Management boosted its position in TD SYNNEX by 46.9% during the 4th quarter. LSV Asset Management now owns 1,715,847 shares of the business services provider’s stock valued at $201,235,000 after buying an additional 547,692 shares during the period. Finally, Raymond James Financial Inc. bought a new position in shares of TD SYNNEX during the fourth quarter valued at about $47,094,000. Hedge funds and other institutional investors own 84.00% of the company’s stock.

Insider Activity at TD SYNNEX

In other TD SYNNEX news, Director Ann F. Vezina sold 839 shares of the business’s stock in a transaction dated Thursday, January 16th. The stock was sold at an average price of $136.08, for a total transaction of $114,171.12. Following the completion of the sale, the director now owns 4,856 shares of the company’s stock, valued at approximately $660,804.48. The trade was a 14.73 % decrease in their ownership of the stock. The transaction was disclosed in a document filed with the SEC, which is accessible through the SEC website. Also, CEO Patrick Zammit sold 6,823 shares of the stock in a transaction that occurred on Thursday, January 30th. The stock was sold at an average price of $143.00, for a total transaction of $975,689.00. Following the completion of the sale, the chief executive officer now directly owns 165,604 shares of the company’s stock, valued at $23,681,372. This represents a 3.96 % decrease in their ownership of the stock. The disclosure for this sale can be found here. Over the last ninety days, insiders sold 29,172 shares of company stock worth $4,000,861. 1.00% of the stock is owned by company insiders.

TD SYNNEX Stock Down 0.0 %

Shares of TD SYNNEX stock opened at $101.83 on Friday. The company has a quick ratio of 0.76, a current ratio of 1.24 and a debt-to-equity ratio of 0.46. TD SYNNEX Co. has a twelve month low of $92.23 and a twelve month high of $145.10. The company has a market cap of $8.55 billion, a price-to-earnings ratio of 12.79, a price-to-earnings-growth ratio of 1.06 and a beta of 1.36. The company’s 50 day moving average is $126.24 and its 200 day moving average is $124.42.

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

TD SYNNEX Dividend Announcement

The firm also recently disclosed a quarterly dividend, which will be paid on Friday, April 25th. Stockholders of record on Friday, April 11th will be paid a $0.44 dividend. This represents a $1.76 annualized dividend and a dividend yield of 1.73%. The ex-dividend date is Friday, April 11th. TD SYNNEX’s dividend payout ratio (DPR) is presently 21.97%.

Wall Street Analysts Forecast Growth

Several analysts recently issued reports on SNX shares. Royal Bank of Canada cut their target price on TD SYNNEX from $165.00 to $145.00 and set an “outperform” rating on the stock in a research note on Friday. The Goldman Sachs Group cut their target price on shares of TD SYNNEX from $154.00 to $137.00 and set a “buy” rating on the stock in a research note on Friday, March 28th. StockNews.com cut TD SYNNEX from a “buy” rating to a “hold” rating in a research note on Wednesday, March 26th. Cfra decreased their target price on shares of TD SYNNEX from $147.00 to $132.00 and set a “buy” rating for the company in a research note on Friday, March 28th. Finally, Barrington Research reaffirmed an “outperform” rating and issued a $156.00 price target on shares of TD SYNNEX in a research report on Friday, March 28th. Three investment analysts have rated the stock with a hold rating and seven have given a buy rating to the company’s stock. According to MarketBeat, the stock presently has an average rating of “Moderate Buy” and a consensus target price of $137.22.

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.