Foster & Motley Inc. Has $2.59 Million Stock Holdings in TD SYNNEX Co. (NYSE:SNX)

Foster & Motley Inc. increased its holdings in shares of TD SYNNEX Co. (NYSE:SNX - Free Report) by 17.6% during the 4th quarter, according to its most recent filing with the Securities and Exchange Commission (SEC). The institutional investor owned 22,108 shares of the business services provider's stock after purchasing an additional 3,302 shares during the period. Foster & Motley Inc.'s holdings in TD SYNNEX were worth $2,593,000 at the end of the most recent quarter.

Other institutional investors and hedge funds also recently made changes to their positions in the company. FMR LLC increased its stake in TD SYNNEX by 18.4% in the 3rd quarter. FMR LLC now owns 7,425,592 shares of the business services provider's stock valued at $891,665,000 after buying an additional 1,154,651 shares during the last quarter. JPMorgan Chase & Co. grew its holdings in shares of TD SYNNEX by 37.0% in 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 acquiring an additional 813,634 shares in the last quarter. Thrivent Financial for Lutherans raised its holdings in TD SYNNEX by 560.0% during the third quarter. Thrivent Financial for Lutherans now owns 371,747 shares of the business services provider's stock worth $44,639,000 after acquiring an additional 315,424 shares in the last quarter. Lord Abbett & CO. LLC boosted its position 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 valued at $99,123,000 after purchasing an additional 231,715 shares during the last quarter. Finally, Thompson Siegel & Walmsley LLC grew its stake in TD SYNNEX by 19.4% in the third quarter. Thompson Siegel & Walmsley LLC now owns 523,639 shares of the business services provider's stock valued at $62,879,000 after purchasing an additional 85,207 shares in the last quarter. Institutional investors and hedge funds own 84.00% of the company's stock.

Insider Transactions at TD SYNNEX

In other news, insider Simon Leung sold 6,249 shares of the stock in a transaction on Wednesday, November 6th. The stock was sold at an average price of $123.17, for a total value of $769,689.33. Following the completion of the transaction, the insider now directly owns 23,339 shares in the company, valued at approximately $2,874,664.63. This represents a 21.12 % decrease in their position. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is accessible through this hyperlink. Also, Director Richard T. Hume sold 20,000 shares of the stock in a transaction dated Friday, January 3rd. The shares were sold at an average price of $117.62, for a total value of $2,352,400.00. Following the completion of the transaction, the director now owns 111,080 shares of the company's stock, valued at $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. Over the last ninety days, insiders have sold 28,715 shares of company stock valued at $3,433,500. 1.90% of the stock is currently owned by company insiders.

TD SYNNEX Stock Performance

NYSE SNX traded down $3.46 on Monday, reaching $139.05. The stock had a trading volume of 633,988 shares, compared to its average volume of 726,851. 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 firm has a fifty day moving average of $126.35 and a two-hundred day moving average of $120.64. TD SYNNEX Co. has a 1-year low of $98.70 and a 1-year high of $144.18. The company has a market cap of $11.77 billion, a P/E ratio of 17.48, a price-to-earnings-growth ratio of 1.06 and a beta of 1.48.

TD SYNNEX Increases Dividend

The firm also recently announced a quarterly dividend, which was paid on Friday, January 31st. Shareholders of record on Friday, January 24th were given a dividend of $0.44 per share. This represents a $1.76 dividend on an annualized basis and a dividend yield of 1.27%. 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 is presently 22.11%.

Analysts Set New Price Targets

A number of equities research analysts have recently issued reports on SNX shares. Loop Capital reiterated a "buy" rating and set a $150.00 price objective on shares of TD SYNNEX in a research note on Monday, October 7th. Cfra upgraded shares of TD SYNNEX from a "hold" rating to a "buy" rating and increased their price target for the company from $122.00 to $147.00 in a research note on Friday, January 10th. JPMorgan Chase & Co. boosted their price objective on shares of TD SYNNEX from $135.00 to $150.00 and gave the stock a "neutral" 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, January 14th. Finally, Barclays upped their price objective 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. Two research analysts have rated the stock with a hold rating and seven have assigned a buy rating to the company. According to data from MarketBeat.com, the stock presently has a consensus rating of "Moderate Buy" and an average target price of $144.38.

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.