TD SYNNEX Co. (NYSE:SNX) Director Ann F. Vezina Sells 839 Shares

TD SYNNEX Co. (NYSE:SNX) Director Ann F. Vezina sold 839 shares of the company’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 transaction, the director now owns 4,856 shares of the company’s stock, valued at approximately $660,804.48. This trade represents a 14.73 % decrease in their position. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is available at the SEC website.

TD SYNNEX Stock Up 0.5 %

Shares of NYSE SNX opened at $141.47 on Thursday. The company has a market capitalization of $12.04 billion, a P/E ratio of 17.77, a P/E/G ratio of 1.02 and a beta of 1.46. The company has a debt-to-equity ratio of 0.46, a current ratio of 1.24 and a quick ratio of 0.76. The company has a 50 day simple moving average of $122.74 and a 200-day simple moving average of $119.20. TD SYNNEX Co. has a 1 year low of $98.70 and a 1 year high of $142.13.

TD SYNNEX Increases Dividend

The firm also recently announced a quarterly dividend, which will be paid on Friday, January 31st. Shareholders of record on Friday, January 24th will be given a $0.44 dividend. The ex-dividend date of this dividend is Friday, January 24th. This represents a $1.76 dividend on an annualized basis and a yield of 1.24%. This is an increase from TD SYNNEX’s previous quarterly dividend of $0.40. TD SYNNEX’s payout ratio is currently 20.10%.

Analyst Upgrades and Downgrades

A number of equities analysts have commented on SNX shares. Barclays increased their target price on TD SYNNEX from $132.00 to $148.00 and gave the company an “equal weight” rating in a report on Monday, January 13th. Loop Capital reaffirmed a “buy” rating and set a $150.00 target price on shares of TD SYNNEX in a research note on Monday, October 7th. StockNews.com raised shares of TD SYNNEX from a “hold” rating to a “buy” rating in a report on Tuesday, January 14th. Cfra raised shares of TD SYNNEX from a “hold” rating to a “buy” rating and raised their price target for the stock from $122.00 to $147.00 in a research note on Friday, January 10th. Finally, JPMorgan Chase & Co. upped their price objective on shares of TD SYNNEX from $135.00 to $150.00 and gave the company a “neutral” rating in a research note on Monday, January 13th. Two research analysts have rated the stock with a hold rating and seven have given a buy rating to the company’s stock. According to data from MarketBeat, the stock has a consensus rating of “Moderate Buy” and an average price target of $144.38.

Hedge Funds Weigh In On TD SYNNEX

Hedge funds have recently modified their holdings of the business. Foundations Investment Advisors LLC raised its holdings in TD SYNNEX by 9.8% in the 4th quarter. Foundations Investment Advisors LLC now owns 1,934 shares of the business services provider’s stock valued at $227,000 after buying an additional 172 shares during the period. KBC Group NV raised its stake in shares of TD SYNNEX by 52.8% in the 4th quarter. KBC Group NV now owns 6,988 shares of the business services provider’s stock valued at $820,000 after acquiring an additional 2,415 shares during the period. Blue Trust Inc. lifted its holdings in shares of TD SYNNEX by 119.0% in the 4th quarter. Blue Trust Inc. now owns 749 shares of the business services provider’s stock worth $90,000 after acquiring an additional 407 shares during the last quarter. AlphaMark Advisors LLC boosted its position in shares of TD SYNNEX by 2.7% during the 4th quarter. AlphaMark Advisors LLC now owns 7,943 shares of the business services provider’s stock worth $932,000 after purchasing an additional 209 shares during the period. Finally, CX Institutional increased its holdings in TD SYNNEX by 4.5% in the 4th quarter. CX Institutional now owns 11,859 shares of the business services provider’s stock valued at $1,391,000 after purchasing an additional 515 shares during the last quarter. 84.00% of the stock is currently owned by hedge funds and other institutional investors.

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.