New York State Common Retirement Fund Has $9.57 Million Position in TD SYNNEX Co. (NYSE:SNX)

New York State Common Retirement Fund trimmed its holdings in TD SYNNEX Co. (NYSE:SNX - Free Report) by 5.0% in the fourth quarter, according to the company in its most recent Form 13F filing with the Securities & Exchange Commission. The fund owned 81,635 shares of the business services provider's stock after selling 4,267 shares during the period. New York State Common Retirement Fund owned 0.10% of TD SYNNEX worth $9,574,000 at the end of the most recent quarter.

A number of other hedge funds also recently made changes to their positions in SNX. Bartlett & CO. Wealth Management LLC lifted its position in shares of 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 valued at $27,000 after buying an additional 176 shares during the last quarter. UMB Bank n.a. increased its stake in shares of TD SYNNEX by 48.4% during the fourth quarter. UMB Bank n.a. now owns 429 shares of the business services provider's stock worth $50,000 after purchasing an additional 140 shares during the period. Point72 DIFC Ltd bought a new position in shares of TD SYNNEX during the third quarter worth approximately $55,000. Blue Trust Inc. increased its stake in shares of TD SYNNEX by 37.7% during the fourth quarter. Blue Trust Inc. now owns 471 shares of the business services provider's stock worth $55,000 after purchasing an additional 129 shares during the period. Finally, Capital Performance Advisors LLP bought a new position in shares of TD SYNNEX during the third quarter worth approximately $58,000. 84.00% of the stock is owned by institutional investors and hedge funds.

TD SYNNEX Price Performance

Shares of SNX traded down $0.48 during midday trading on Friday, hitting $137.49. The company's stock had a trading volume of 624,593 shares, compared to its average volume of 631,390. TD SYNNEX Co. has a one year low of $102.23 and a one year high of $145.10. The company's fifty day simple moving average is $134.56 and its two-hundred day simple moving average is $124.28. 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 stock has a market capitalization of $11.60 billion, a price-to-earnings ratio of 17.27, a price-to-earnings-growth ratio of 1.06 and a beta of 1.49.

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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 $0.44 dividend. 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 annualized dividend and a dividend yield of 1.28%. TD SYNNEX's dividend payout ratio (DPR) is presently 22.11%.

Insider Activity at TD SYNNEX

In related news, Director Ann F. Vezina sold 839 shares of the firm's stock in a transaction on Thursday, January 16th. The stock was sold at an average price of $136.08, for a total transaction of $114,171.12. Following 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 transaction was disclosed in a legal filing with the SEC, which is available through this hyperlink. Also, Director Richard T. Hume sold 20,000 shares of the firm's stock in a transaction on 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 sale, the director now directly owns 111,080 shares in the company, valued at approximately $13,065,229.60. This trade represents a 15.26 % decrease in their position. The disclosure for this sale can be found here. Insiders have sold a total of 29,289 shares of company stock valued at $3,639,500 in the last 90 days. 1.00% of the stock is owned by corporate insiders.

Wall Street Analyst Weigh In

SNX has been the topic of a number of recent research reports. Royal Bank of Canada increased their target price on TD SYNNEX from $140.00 to $165.00 and gave the stock an "outperform" rating in a research note on Friday, February 21st. JPMorgan Chase & Co. raised their price objective on 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 lowered TD SYNNEX from a "buy" rating to a "hold" rating in a research note on Tuesday. Cfra upgraded TD SYNNEX from a "hold" rating to a "buy" rating and raised their price objective for the stock from $122.00 to $147.00 in a research note on Friday, January 10th. Finally, Barclays raised their price objective on TD SYNNEX from $132.00 to $148.00 and gave the stock an "equal weight" rating in a research note on Monday, January 13th. Three research analysts have rated the stock with a hold rating and six have given a buy rating to the company. According to MarketBeat.com, the company currently has an average rating of "Moderate Buy" and an average target price of $147.50.

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.