TD SYNNEX Co. (NYSE:SNX) Shares Sold by Natixis Advisors LLC

Natixis Advisors LLC cut its stake in shares of TD SYNNEX Co. (NYSE:SNX - Free Report) by 19.1% during the fourth quarter, according to the company in its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The firm owned 64,162 shares of the business services provider's stock after selling 15,100 shares during the period. Natixis Advisors LLC owned 0.08% of TD SYNNEX worth $7,525,000 as of its most recent filing with the Securities and Exchange Commission (SEC).

Other institutional investors have also modified their holdings of the company. Arizona State Retirement System raised its holdings in TD SYNNEX by 0.4% during the 4th quarter. Arizona State Retirement System now owns 22,225 shares of the business services provider's stock valued at $2,607,000 after buying an additional 78 shares during the period. CIBC Asset Management Inc raised its stake in shares of TD SYNNEX by 3.4% in the third quarter. CIBC Asset Management Inc now owns 2,609 shares of the business services provider's stock valued at $313,000 after acquiring an additional 86 shares during the period. Amundi lifted its holdings in shares of TD SYNNEX by 22.3% in the 4th quarter. Amundi now owns 560 shares of the business services provider's stock worth $66,000 after acquiring an additional 102 shares during the last quarter. Atria Investments Inc lifted its holdings in shares of TD SYNNEX by 4.1% in the 3rd quarter. Atria Investments Inc now owns 2,862 shares of the business services provider's stock worth $344,000 after acquiring an additional 112 shares during the last quarter. Finally, Highland Capital Management LLC boosted its stake in shares of TD SYNNEX by 6.5% during the 4th quarter. Highland Capital Management LLC now owns 1,905 shares of the business services provider's stock worth $223,000 after purchasing an additional 116 shares during the period. 84.00% of the stock is owned by institutional investors.

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Analyst Ratings Changes

Several analysts have issued reports on the stock. JPMorgan Chase & Co. raised 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. Royal Bank of Canada boosted their price objective on TD SYNNEX from $140.00 to $165.00 and gave the company an "outperform" rating in a report on Friday, February 21st. Cfra raised 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 lifted their price objective on shares of TD SYNNEX from $132.00 to $148.00 and gave the company an "equal weight" rating in a report on Monday, January 13th. Finally, Barrington Research raised their target price on shares of TD SYNNEX from $138.00 to $156.00 and gave the stock an "outperform" rating in a research report on Thursday, March 20th. Two investment analysts have rated the stock with a hold rating and seven have assigned a buy rating to the company's stock. According to MarketBeat.com, the stock currently has an average rating of "Moderate Buy" and an average target price of $149.75.

Insider Buying and Selling at TD SYNNEX

In other news, CFO Marshall Witt sold 1,510 shares of the firm's stock in a transaction dated Tuesday, March 18th. The stock was sold at an average price of $128.08, for a total transaction of $193,400.80. Following the sale, the chief financial officer now directly owns 49,843 shares in the company, valued at $6,383,891.44. This trade represents a 2.94 % decrease in their position. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is available at the SEC website. Also, Director Richard T. Hume sold 20,000 shares of the business's 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 completion of the sale, the director now directly owns 111,080 shares of the company's stock, valued at approximately $13,065,229.60. The trade was a 15.26 % decrease in their position. The disclosure for this sale can be found here. In the last quarter, insiders have sold 49,172 shares of company stock worth $6,353,261. 1.00% of the stock is owned by corporate insiders.

TD SYNNEX Stock Down 2.8 %

Shares of NYSE SNX traded down $3.58 during midday trading on Tuesday, reaching $126.58. 1,002,709 shares of the company's stock traded hands, compared to its average volume of 730,160. The company has a market cap of $10.68 billion, a price-to-earnings ratio of 15.90, a P/E/G ratio of 1.06 and a beta of 1.51. 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 Co. has a one year low of $104.93 and a one year high of $145.10. The stock's 50 day simple moving average is $137.31 and its 200-day simple moving average is $125.59.

TD SYNNEX Increases Dividend

The firm also recently declared a quarterly dividend, which was paid on Friday, January 31st. Stockholders of record on Friday, January 24th were paid a dividend of $0.44 per share. This is a positive change from TD SYNNEX's previous quarterly dividend of $0.40. The ex-dividend date of this dividend was Friday, January 24th. This represents a $1.76 dividend on an annualized basis and a dividend yield of 1.39%. TD SYNNEX's payout ratio is presently 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.