TD SYNNEX Co. (NYSE:SNX) Shares Acquired by Ninety One SA PTY Ltd

Ninety One SA PTY Ltd increased its stake in TD SYNNEX Co. (NYSE:SNX - Free Report) by 95.6% in the fourth quarter, according to the company in its most recent Form 13F filing with the Securities & Exchange Commission. The fund owned 43,882 shares of the business services provider's stock after buying an additional 21,444 shares during the quarter. TD SYNNEX comprises approximately 1.1% of Ninety One SA PTY Ltd's holdings, making the stock its 27th largest holding. Ninety One SA PTY Ltd owned approximately 0.05% of TD SYNNEX worth $5,146,000 at the end of the most recent reporting period.

A number of other institutional investors also recently bought and sold shares of the stock. Bartlett & CO. Wealth Management LLC increased its stake in shares of TD SYNNEX by 345.1% during 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 period. V Square Quantitative Management LLC purchased a new position in TD SYNNEX in the third quarter valued at about $30,000. UMB Bank n.a. grew its stake in TD SYNNEX by 99.3% in the third quarter. UMB Bank n.a. now owns 289 shares of the business services provider's stock valued at $35,000 after purchasing an additional 144 shares during the last quarter. Kathleen S. Wright Associates Inc. acquired a new stake in TD SYNNEX in the third quarter worth about $37,000. Finally, Point72 DIFC Ltd acquired a new stake in TD SYNNEX in the third quarter worth about $55,000. 84.00% of the stock is currently owned by institutional investors.

Wall Street Analyst Weigh In

A number of equities research analysts recently commented on SNX shares. StockNews.com downgraded TD SYNNEX from a "buy" rating to a "hold" rating in a report on Friday. Royal Bank of Canada restated an "outperform" rating and issued a $140.00 price objective on shares of TD SYNNEX in a research report on Wednesday, January 15th. Cfra upgraded TD SYNNEX from a "hold" rating to a "buy" rating and boosted their price target for the stock from $122.00 to $147.00 in a research report on Friday, January 10th. Barclays boosted their price target on TD SYNNEX from $132.00 to $148.00 and gave the stock an "equal weight" rating in a research report on Monday, January 13th. Finally, JPMorgan Chase & Co. boosted their price target on TD SYNNEX from $135.00 to $150.00 and gave the stock a "neutral" rating in a research report on Monday, January 13th. Three analysts have rated the stock with a hold rating and six have given a buy rating to the company. According to data from MarketBeat, TD SYNNEX has a consensus rating of "Moderate Buy" and a consensus price target of $144.38.

Insider Activity at TD SYNNEX

In related news, Director Ann F. Vezina sold 839 shares of the business'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 completion of the transaction, the director now directly owns 4,856 shares of the company's stock, valued at $660,804.48. The trade was a 14.73 % decrease in their position. The transaction was disclosed in a document filed with the SEC, which is available through this hyperlink. 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 value of $2,352,400.00. Following the transaction, the director now directly owns 111,080 shares of the company's stock, valued at $13,065,229.60. The trade was a 15.26 % decrease in their ownership of the stock. The disclosure for this sale can be found here. In the last 90 days, insiders have sold 29,289 shares of company stock worth $3,639,500. 1.90% of the stock is currently owned by company insiders.

TD SYNNEX Trading Down 0.5 %

SNX stock traded down $0.68 during mid-day trading on Friday, hitting $142.78. 671,866 shares of the company were exchanged, compared to its average volume of 724,190. The business has a fifty day simple moving average of $128.51 and a 200-day simple moving average of $121.44. 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 12-month low of $98.70 and a 12-month high of $144.27. The firm has a market capitalization of $12.09 billion, a P/E ratio of 17.94, a PEG ratio of 1.06 and a beta of 1.49.

TD SYNNEX Increases Dividend

The company also recently declared a quarterly dividend, which was paid on Friday, January 31st. Stockholders of record on Friday, January 24th were given a dividend of $0.44 per share. This is a positive change from TD SYNNEX's previous quarterly dividend of $0.40. This represents a $1.76 annualized dividend and a dividend yield of 1.23%. The ex-dividend date of this dividend was Friday, January 24th. TD SYNNEX's dividend payout ratio (DPR) 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.