KBC Group NV Buys 2,415 Shares of TD SYNNEX Co. (NYSE:SNX)

KBC Group NV raised its stake in shares of TD SYNNEX Co. (NYSE:SNX - Free Report) by 52.8% during the 4th quarter, according to its most recent filing with the SEC. The firm owned 6,988 shares of the business services provider's stock after acquiring an additional 2,415 shares during the period. KBC Group NV's holdings in TD SYNNEX were worth $820,000 as of its most recent SEC filing.

A number of other institutional investors have also recently made changes to their positions in the stock. Bartlett & CO. Wealth Management LLC boosted its holdings in TD SYNNEX by 345.1% in the fourth quarter. Bartlett & CO. Wealth Management LLC now owns 227 shares of the business services provider's stock worth $27,000 after purchasing an additional 176 shares during the last quarter. V Square Quantitative Management LLC bought a new position in shares of TD SYNNEX during the 3rd quarter valued at $30,000. UMB Bank n.a. boosted its stake in shares of TD SYNNEX by 99.3% in the 3rd quarter. UMB Bank n.a. now owns 289 shares of the business services provider's stock worth $35,000 after buying an additional 144 shares during the last quarter. Kathleen S. Wright Associates Inc. bought a new stake in shares of TD SYNNEX in the third quarter worth $37,000. Finally, Point72 DIFC Ltd purchased a new stake in TD SYNNEX during the third quarter valued at $55,000. Hedge funds and other institutional investors own 84.00% of the company's stock.

Insiders Place Their Bets

In other TD SYNNEX news, CEO Patrick Zammit sold 6,823 shares of the stock in a transaction dated 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 transaction, the chief executive officer now owns 165,604 shares of the company's stock, valued at $23,681,372. This represents a 3.96 % decrease in their position. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is available at the SEC website. Also, CFO Marshall Witt sold 1,510 shares of TD SYNNEX stock in a transaction dated Wednesday, December 18th. The stock was sold at an average price of $121.13, for a total value of $182,906.30. Following the completion of the sale, the chief financial officer now directly owns 48,362 shares in the company, valued at $5,858,089.06. This trade represents a 3.03 % decrease in their ownership of the stock. The disclosure for this sale can be found here. Insiders sold 29,289 shares of company stock worth $3,639,500 in the last three months. 1.90% of the stock is owned by company insiders.

Wall Street Analysts Forecast Growth

SNX has been the subject of a number of recent research reports. Barclays boosted 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. 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 report on Friday, January 10th. JPMorgan Chase & Co. increased their price target on shares of TD SYNNEX from $135.00 to $150.00 and gave the stock a "neutral" rating in a research report on Monday, January 13th. StockNews.com raised shares of TD SYNNEX from a "hold" rating to a "buy" rating in a research report on Tuesday, January 14th. Finally, Royal Bank of Canada reaffirmed an "outperform" rating and issued a $140.00 target price on shares of TD SYNNEX in a report on Wednesday, January 15th. Two equities research analysts have rated the stock with a hold rating and seven have issued a buy rating to the company's stock. According to data from MarketBeat, TD SYNNEX presently has a consensus rating of "Moderate Buy" and an average target price of $144.38.

TD SYNNEX Price Performance

SNX stock traded up $2.80 during trading on Wednesday, reaching $142.81. The company's stock had a trading volume of 587,147 shares, compared to its average volume of 733,463. The company's fifty day moving average is $127.56 and its 200-day moving average is $121.12. TD SYNNEX Co. has a 1 year low of $98.70 and a 1 year high of $144.18. The company has a market capitalization of $12.09 billion, a P/E ratio of 17.94, a price-to-earnings-growth ratio of 1.06 and a beta of 1.48. The company has a quick ratio of 0.76, a current ratio of 1.24 and a debt-to-equity ratio of 0.46.

TD SYNNEX Increases Dividend

The firm also recently declared a quarterly dividend, which was paid on Friday, January 31st. Investors of record on Friday, January 24th were issued a $0.44 dividend. The ex-dividend date of this dividend was Friday, January 24th. This is a boost from TD SYNNEX's previous quarterly dividend of $0.40. This represents a $1.76 dividend on an annualized basis and a yield of 1.23%. TD SYNNEX's payout ratio is currently 22.11%.

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.