5,915 Shares in TD SYNNEX Co. (NYSE:SNX) Acquired by AIA Group Ltd

AIA Group Ltd bought a new position in shares of TD SYNNEX Co. (NYSE:SNX) during the first quarter, Holdings Channel.com reports. The fund bought 5,915 shares of the business services provider’s stock, valued at approximately $669,000.

A number of other large investors have also recently made changes to their positions in the company. Sciencast Management LP purchased a new stake in shares of TD SYNNEX during the first quarter worth approximately $317,000. Quantbot Technologies LP boosted its holdings in TD SYNNEX by 236.6% in the first quarter. Quantbot Technologies LP now owns 52,534 shares of the business services provider’s stock valued at $5,942,000 after purchasing an additional 36,926 shares in the last quarter. LSV Asset Management boosted its holdings in TD SYNNEX by 18.5% in the first quarter. LSV Asset Management now owns 878,474 shares of the business services provider’s stock valued at $99,355,000 after purchasing an additional 136,986 shares in the last quarter. Duality Advisers LP boosted its holdings in TD SYNNEX by 256.5% in the first quarter. Duality Advisers LP now owns 23,812 shares of the business services provider’s stock valued at $2,693,000 after purchasing an additional 17,133 shares in the last quarter. Finally, Texas Permanent School Fund Corp boosted its holdings in TD SYNNEX by 12.7% in the first quarter. Texas Permanent School Fund Corp now owns 49,923 shares of the business services provider’s stock valued at $5,646,000 after purchasing an additional 5,614 shares in the last quarter. 84.00% of the stock is currently owned by hedge funds and other institutional investors.

Wall Street Analyst Weigh In

A number of brokerages recently issued reports on SNX. UBS Group upped their price target on TD SYNNEX from $145.00 to $150.00 and gave the company a “buy” rating in a report on Wednesday, June 26th. Barrington Research reissued an “outperform” rating and issued a $138.00 price objective on shares of TD SYNNEX in a report on Wednesday, June 26th. JPMorgan Chase & Co. decreased their price objective on TD SYNNEX from $126.00 to $123.00 and set a “neutral” rating for the company in a report on Wednesday, June 26th. Bank of America decreased their price objective on TD SYNNEX from $135.00 to $132.00 and set a “buy” rating for the company in a report on Thursday, June 27th. Finally, Barclays upped their price target on TD SYNNEX from $111.00 to $118.00 and gave the stock an “equal weight” rating in a research note on Wednesday, March 27th. Four equities research analysts have rated the stock with a hold rating and six have given a buy rating to the company. Based on data from MarketBeat.com, the stock currently has an average rating of “Moderate Buy” and an average target price of $126.78.

TD SYNNEX Price Performance

NYSE:SNX traded down $0.13 during trading hours on Friday, hitting $112.50. The company’s stock had a trading volume of 911,267 shares, compared to its average volume of 907,616. The business’s 50-day moving average is $123.77 and its two-hundred day moving average is $113.04. The company has a market capitalization of $9.61 billion, a PE ratio of 15.76, a PEG ratio of 1.09 and a beta of 1.52. The company has a debt-to-equity ratio of 0.47, a quick ratio of 0.78 and a current ratio of 1.26. TD SYNNEX Co. has a 52-week low of $89.73 and a 52-week high of $133.85.

TD SYNNEX Dividend Announcement

The firm also recently disclosed a quarterly dividend, which will be paid on Friday, July 26th. Shareholders of record on Friday, July 12th will be given a $0.40 dividend. This represents a $1.60 annualized dividend and a yield of 1.42%. The ex-dividend date is Friday, July 12th. TD SYNNEX’s payout ratio is 22.41%.

Insiders Place Their Bets

In other TD SYNNEX news, insider Dennis Polk sold 20,000 shares of the stock in a transaction on Thursday, June 27th. The stock was sold at an average price of $115.66, for a total value of $2,313,200.00. Following the completion of the transaction, the insider now owns 134,706 shares in the company, valued at $15,580,095.96. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is available at this hyperlink. In other news, CEO Richard T. Hume sold 10,000 shares of TD SYNNEX stock in a transaction on Wednesday, May 1st. The stock was sold at an average price of $115.79, for a total transaction of $1,157,900.00. Following the completion of the transaction, the chief executive officer now owns 219,363 shares of the company’s stock, valued at approximately $25,400,041.77. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is available at this link. Also, insider Dennis Polk sold 20,000 shares of TD SYNNEX stock in a transaction on Thursday, June 27th. The stock was sold at an average price of $115.66, for a total value of $2,313,200.00. Following the transaction, the insider now directly owns 134,706 shares of the company’s stock, valued at approximately $15,580,095.96. The disclosure for this sale can be found here. 1.90% of the stock is currently owned by company insiders.

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.