Savant Capital LLC Sells 219 Shares of TD SYNNEX Co. (NYSE:SNX)

Savant Capital LLC lessened its holdings in TD SYNNEX Co. (NYSE:SNX) by 1.3% during the 4th quarter, according to its most recent filing with the Securities and Exchange Commission (SEC). The firm owned 16,698 shares of the business services provider’s stock after selling 219 shares during the quarter. Savant Capital LLC’s holdings in TD SYNNEX were worth $1,958,000 as of its most recent SEC filing.

A number of other hedge funds also recently made changes to their positions in SNX. FMR LLC increased its stake in TD SYNNEX by 18.4% in the third quarter. FMR LLC now owns 7,425,592 shares of the business services provider’s stock valued at $891,665,000 after acquiring an additional 1,154,651 shares during the period. JPMorgan Chase & Co. lifted its position in shares of 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 buying an additional 813,634 shares during the period. Ninety One UK Ltd boosted its stake in 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 buying an additional 1,016,251 shares in the last quarter. State Street Corp grew its position in TD SYNNEX by 0.7% in the third quarter. State Street Corp now owns 2,189,732 shares of the business services provider’s stock valued at $262,943,000 after acquiring an additional 15,995 shares during the period. Finally, Lord Abbett & CO. LLC raised its stake in TD SYNNEX by 39.0% during the third quarter. Lord Abbett & CO. LLC now owns 825,468 shares of the business services provider’s stock worth $99,123,000 after acquiring an additional 231,715 shares in the last quarter. Institutional investors and hedge funds own 84.00% of the company’s stock.

Analysts Set New Price Targets

Several equities research analysts have recently commented on SNX shares. Cfra upgraded shares of TD SYNNEX from a “hold” rating to a “buy” rating and boosted their target price for the company from $122.00 to $147.00 in a research note on Friday, January 10th. Barclays upped their price objective on shares of TD SYNNEX from $132.00 to $148.00 and gave the stock an “equal weight” rating in a research note on Monday, January 13th. JPMorgan Chase & Co. lifted their target price 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. Royal Bank of Canada reissued an “outperform” rating and issued a $140.00 target price on shares of TD SYNNEX in a report on Wednesday, January 15th. Finally, StockNews.com cut TD SYNNEX from a “buy” rating to a “hold” rating in a report on Friday, February 7th. Three equities research analysts have rated the stock with a hold rating and six have issued a buy rating to the stock. According to MarketBeat.com, the company presently has an average rating of “Moderate Buy” and an average price target of $144.38.

TD SYNNEX Stock Down 0.8 %

NYSE:SNX opened at $141.91 on Thursday. The stock’s fifty day moving average price is $129.71 and its two-hundred day moving average price is $122.01. The company has a market cap of $12.01 billion, a price-to-earnings ratio of 17.83, a P/E/G ratio of 1.06 and a beta of 1.49. TD SYNNEX Co. has a 52-week low of $98.70 and a 52-week high of $144.27. The company has a debt-to-equity ratio of 0.46, a quick ratio of 0.76 and a current ratio of 1.24.

TD SYNNEX Increases Dividend

The company also recently disclosed a quarterly dividend, which was paid on Friday, January 31st. Investors of record on Friday, January 24th were given a $0.44 dividend. This represents a $1.76 dividend on an annualized basis and a yield of 1.24%. This is a positive change from TD SYNNEX’s previous quarterly dividend of $0.40. The ex-dividend date was Friday, January 24th. TD SYNNEX’s dividend payout ratio (DPR) is presently 22.11%.

Insiders Place Their Bets

In other TD SYNNEX news, CEO Patrick Zammit sold 6,823 shares of TD SYNNEX stock in a transaction on Thursday, January 30th. The shares were 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 owns 165,604 shares of the company’s stock, valued at approximately $23,681,372. The trade was a 3.96 % decrease in their position. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is accessible through the SEC website. Also, Director Ann F. Vezina sold 839 shares of the stock in a transaction on Thursday, January 16th. The shares were sold at an average price of $136.08, for a total value of $114,171.12. Following the completion of the transaction, the director now directly owns 4,856 shares in the company, valued at approximately $660,804.48. This trade represents a 14.73 % decrease in their position. The disclosure for this sale can be found here. In the last three months, insiders sold 29,289 shares of company stock valued at $3,639,500. 1.90% of the stock is currently owned by 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.