GHP Investment Advisors Inc. Raises Position in TD SYNNEX Co. (NYSE:SNX)

GHP Investment Advisors Inc. increased its holdings in shares of TD SYNNEX Co. (NYSE:SNX) by 5.4% during the 4th quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission (SEC). The fund owned 15,075 shares of the business services provider’s stock after buying an additional 771 shares during the quarter. GHP Investment Advisors Inc.’s holdings in TD SYNNEX were worth $1,768,000 as of its most recent filing with the Securities and Exchange Commission (SEC).

Several other hedge funds also recently added to or reduced their stakes in SNX. Pathstone Holdings LLC grew its stake in shares of TD SYNNEX by 45.2% during the third quarter. Pathstone Holdings LLC now owns 18,300 shares of the business services provider’s stock worth $2,197,000 after acquiring an additional 5,698 shares during the last quarter. JPMorgan Chase & Co. grew its position in TD SYNNEX by 37.0% during the 3rd quarter. JPMorgan Chase & Co. now owns 3,012,219 shares of the business services provider’s stock worth $361,707,000 after purchasing an additional 813,634 shares during the last quarter. Stratos Investment Management LLC increased its stake in TD SYNNEX by 5.6% during the 3rd quarter. Stratos Investment Management LLC now owns 28,115 shares of the business services provider’s stock valued at $3,376,000 after purchasing an additional 1,486 shares in the last quarter. Allspring Global Investments Holdings LLC raised its holdings in shares of TD SYNNEX by 170.1% in the third quarter. Allspring Global Investments Holdings LLC now owns 81,714 shares of the business services provider’s stock worth $9,812,000 after buying an additional 51,465 shares during the last quarter. Finally, Assenagon Asset Management S.A. acquired a new stake in shares of TD SYNNEX during the fourth quarter worth $2,260,000. 84.00% of the stock is owned by institutional investors and hedge funds.

TD SYNNEX Trading Down 0.5 %

TD SYNNEX stock opened at $142.78 on Friday. The company has a current ratio of 1.24, a quick ratio of 0.76 and a debt-to-equity ratio of 0.46. The firm has a market cap of $12.09 billion, a PE ratio of 17.94, a P/E/G ratio of 1.06 and a beta of 1.48. The stock’s 50 day simple moving average is $128.51 and its two-hundred day simple moving average is $121.44. TD SYNNEX Co. has a 12 month low of $98.70 and a 12 month high of $144.27.

TD SYNNEX Increases Dividend

The company also recently declared a quarterly dividend, which was paid on Friday, January 31st. Investors of record on Friday, January 24th were given a dividend of $0.44 per share. This represents a $1.76 annualized dividend and a yield of 1.23%. The ex-dividend date of this dividend was Friday, January 24th. This is a positive change from TD SYNNEX’s previous quarterly dividend of $0.40. TD SYNNEX’s dividend payout ratio (DPR) is currently 22.11%.

Analysts Set New Price Targets

Several equities analysts recently issued reports on the company. Cfra raised TD SYNNEX from a “hold” rating to a “buy” rating and upped their target price for the company from $122.00 to $147.00 in a research report on Friday, January 10th. Royal Bank of Canada reissued an “outperform” rating and issued a $140.00 price objective on shares of TD SYNNEX in a report on Wednesday, January 15th. Barclays lifted their target price on TD SYNNEX from $132.00 to $148.00 and gave the stock an “equal weight” rating in a report on Monday, January 13th. StockNews.com downgraded shares of TD SYNNEX from a “buy” rating to a “hold” rating in a report on Friday. Finally, JPMorgan Chase & Co. lifted 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. Three investment analysts have rated the stock with a hold rating and six have assigned a buy rating to the company’s stock. According to MarketBeat, the company currently has an average rating of “Moderate Buy” and a consensus target price of $144.38.

Insider Buying and Selling at TD SYNNEX

In other TD SYNNEX news, Director Ann F. Vezina sold 839 shares of the firm’s stock in a transaction that occurred on Thursday, January 16th. The stock was sold at an average price of $136.08, for a total value of $114,171.12. Following the sale, the director now directly owns 4,856 shares of the company’s stock, valued at approximately $660,804.48. This trade represents a 14.73 % decrease in their ownership of the stock. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is accessible through this hyperlink. Also, Director Richard T. Hume sold 20,000 shares of the company’s stock in a transaction that occurred on Friday, January 3rd. The stock was sold at an average price of $117.62, for a total value of $2,352,400.00. Following the transaction, the director now directly owns 111,080 shares of the company’s stock, valued at approximately $13,065,229.60. The trade was a 15.26 % decrease in their ownership of the stock. The disclosure for this sale can be found here. Over the last quarter, insiders sold 29,289 shares of company stock valued at $3,639,500. Corporate insiders own 1.90% of the company’s stock.

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.