TD SYNNEX Co. (NYSE:SNX - Get Free Report) Director Ann F. Vezina sold 839 shares of the firm's 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 transaction, the director now directly owns 4,856 shares of the company's stock, valued at $660,804.48. This represents a 14.73 % decrease in their position. The sale was disclosed in a document filed with the SEC, which is available at the SEC website.
TD SYNNEX Stock Performance
Shares of TD SYNNEX stock traded up $3.75 during trading hours on Tuesday, reaching $140.85. 791,341 shares of the stock traded hands, compared to its average volume of 797,794. The company has a 50 day moving average price of $121.82 and a 200 day moving average price of $118.83. TD SYNNEX Co. has a one year low of $98.70 and a one year high of $142.13. The company has a quick ratio of 0.76, a current ratio of 1.24 and a debt-to-equity ratio of 0.46. The firm has a market capitalization of $11.99 billion, a price-to-earnings ratio of 17.69, a P/E/G ratio of 1.02 and a beta of 1.46.
TD SYNNEX Increases Dividend
The firm also recently declared 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 is an increase from TD SYNNEX's previous quarterly dividend of $0.40. This represents a $1.76 annualized dividend and a yield of 1.25%. TD SYNNEX's dividend payout ratio (DPR) is presently 20.10%.
Institutional Investors Weigh In On TD SYNNEX
Several hedge funds and other institutional investors have recently modified their holdings of the stock. FMR LLC grew its holdings in TD SYNNEX by 18.4% during the third quarter. FMR LLC now owns 7,425,592 shares of the business services provider's stock valued at $891,665,000 after purchasing 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 valued at $361,707,000 after buying an additional 813,634 shares in the last quarter. State Street Corp grew its stake in shares of TD SYNNEX by 0.7% during the 3rd 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. AQR Capital Management LLC increased its holdings in TD SYNNEX by 21.1% in the 2nd quarter. AQR Capital Management LLC now owns 1,546,105 shares of the business services provider's stock worth $178,421,000 after acquiring an additional 269,759 shares in the last quarter. Finally, Lord Abbett & CO. LLC raised its stake in TD SYNNEX by 39.0% during the 3rd 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 during the period. 84.00% of the stock is currently owned by hedge funds and other institutional investors.
Analyst Ratings Changes
SNX has been the subject of a number of recent research reports. Barclays lifted their price target on shares of TD SYNNEX from $132.00 to $148.00 and gave the company an "equal weight" rating in a research report on Monday, January 13th. Cfra upgraded shares of TD SYNNEX from a "hold" rating to a "buy" rating and lifted their target price for the company from $122.00 to $147.00 in a report on Friday, January 10th. StockNews.com upgraded shares of TD SYNNEX from a "hold" rating to a "buy" rating in a research note on Tuesday, January 14th. Barrington Research reaffirmed an "outperform" rating and issued a $138.00 price objective on shares of TD SYNNEX in a research report on Monday, September 23rd. Finally, Loop Capital reissued a "buy" rating and issued a $150.00 target price on shares of TD SYNNEX in a report on Monday, October 7th. Two analysts have rated the stock with a hold rating and seven have issued a buy rating to the company's stock. Based on data from MarketBeat, the company currently has an average rating of "Moderate Buy" and a consensus target price of $144.38.
View Our Latest Analysis on SNX
About TD SYNNEX
(
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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.
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