5,962 Shares in TD SYNNEX Co. (NYSE:SNX) Acquired by Blueshift Asset Management LLC

Blueshift Asset Management LLC bought a new stake in TD SYNNEX Co. (NYSE:SNX - Free Report) in the 4th quarter, according to its most recent 13F filing with the Securities and Exchange Commission. The fund bought 5,962 shares of the business services provider's stock, valued at approximately $699,000.

Other institutional investors and hedge funds also recently made changes to their positions in the company. FMR LLC raised its position 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 in the last quarter. 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 last quarter. Ninety One UK Ltd boosted its stake in TD SYNNEX by 75.4% in the fourth 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 last quarter. Finally, River Road Asset Management LLC raised its stake in TD SYNNEX by 0.5% during the fourth quarter. River Road Asset Management LLC now owns 869,367 shares of the business services provider's stock worth $101,959,000 after acquiring an additional 4,220 shares in the last quarter. Institutional investors own 84.00% of the company's stock.

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Insider Transactions at TD SYNNEX

In other news, Director Ann F. Vezina sold 839 shares of the firm's stock in a transaction that occurred on Thursday, January 16th. The shares were sold at an average price of $136.08, for a total transaction of $114,171.12. Following the completion of the sale, the director now owns 4,856 shares of the company's stock, valued at $660,804.48. This trade represents a 14.73 % decrease in their position. The sale was disclosed in a filing with the SEC, which is available through this link. Also, Director Richard T. Hume sold 20,000 shares of the stock in a transaction on Friday, January 3rd. The stock was sold at an average price of $117.62, for a total transaction of $2,352,400.00. Following the transaction, the director now directly owns 111,080 shares in the company, valued at approximately $13,065,229.60. This represents a 15.26 % decrease in their ownership of the stock. The disclosure for this sale can be found here. Insiders sold a total of 49,172 shares of company stock worth $6,353,261 over the last three months. 1.00% of the stock is owned by company insiders.

Analyst Upgrades and Downgrades

Several equities research analysts recently issued reports on the stock. Royal Bank of Canada lifted their price target on shares of TD SYNNEX from $140.00 to $165.00 and gave the company an "outperform" rating in a report on Friday, February 21st. JPMorgan Chase & Co. raised their price objective on TD SYNNEX from $135.00 to $150.00 and gave the company a "neutral" rating in a report on Monday, January 13th. Barclays lifted their price target on TD SYNNEX from $132.00 to $148.00 and gave the company an "equal weight" rating in a research note on Monday, January 13th. StockNews.com upgraded TD SYNNEX from a "hold" rating to a "buy" rating in a report on Tuesday, March 18th. Finally, Cfra upgraded shares of TD SYNNEX from a "hold" rating to a "buy" rating and lifted their target price for the stock from $122.00 to $147.00 in a research report on Friday, January 10th. Two equities research analysts have rated the stock with a hold rating and seven have assigned a buy rating to the stock. Based on data from MarketBeat, the company presently has an average rating of "Moderate Buy" and a consensus price target of $149.75.

TD SYNNEX Trading Up 2.0 %

Shares of TD SYNNEX stock traded up $2.58 during midday trading on Monday, reaching $130.31. The company had a trading volume of 832,201 shares, compared to its average volume of 730,246. The firm has a market cap of $10.99 billion, a PE ratio of 16.37, a P/E/G ratio of 1.06 and a beta of 1.51. The stock has a fifty day moving average price of $137.31 and a 200 day moving average price of $125.59. The company has a debt-to-equity ratio of 0.46, a current ratio of 1.24 and a quick ratio of 0.76. TD SYNNEX Co. has a fifty-two week low of $104.93 and a fifty-two week high of $145.10.

TD SYNNEX Increases Dividend

The company also recently disclosed a quarterly dividend, which was paid on Friday, January 31st. Stockholders of record on Friday, January 24th were paid a $0.44 dividend. This is a positive change from TD SYNNEX's previous quarterly dividend of $0.40. This represents a $1.76 dividend on an annualized basis and a dividend yield of 1.35%. The ex-dividend date of this dividend was Friday, January 24th. TD SYNNEX's dividend payout ratio is currently 22.11%.

TD SYNNEX 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.