one8zero8 LLC Makes New $434,000 Investment in TD SYNNEX Co. (NYSE:SNX)

one8zero8 LLC purchased a new stake in shares of TD SYNNEX Co. (NYSE:SNX - Free Report) in the fourth quarter, according to the company in its most recent filing with the SEC. The firm purchased 3,700 shares of the business services provider's stock, valued at approximately $434,000.

A number of other large investors have also recently modified their holdings of SNX. FMR LLC lifted its position 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 worth $891,665,000 after buying an additional 1,154,651 shares during the last quarter. Ninety One UK Ltd lifted its position in TD SYNNEX by 75.4% in the 4th quarter. Ninety One UK Ltd now owns 2,364,563 shares of the business services provider's stock worth $277,316,000 after buying an additional 1,016,251 shares during the last quarter. JPMorgan Chase & Co. lifted its position in 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 worth $361,707,000 after buying an additional 813,634 shares during the last quarter. Raymond James Financial Inc. bought a new stake in TD SYNNEX in the 4th quarter worth approximately $47,094,000. Finally, Thrivent Financial for Lutherans lifted its position in TD SYNNEX by 560.0% in the 3rd quarter. Thrivent Financial for Lutherans now owns 371,747 shares of the business services provider's stock worth $44,639,000 after buying an additional 315,424 shares during the last quarter. Institutional investors own 84.00% of the company's stock.

Analyst Upgrades and Downgrades

A number of research firms recently weighed in on SNX. Barclays boosted their target price 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. Royal Bank of Canada boosted their target price on TD SYNNEX from $140.00 to $165.00 and gave the stock an "outperform" rating in a research report on Friday, February 21st. JPMorgan Chase & Co. lifted their price target on TD SYNNEX from $135.00 to $150.00 and gave the stock a "neutral" rating in a research note on Monday, January 13th. Barrington Research lifted their price target on TD SYNNEX from $138.00 to $156.00 and gave the stock an "outperform" rating in a research note on Thursday. Finally, StockNews.com raised TD SYNNEX from a "hold" rating to a "buy" rating in a research note on Tuesday. Two equities research analysts have rated the stock with a hold rating and seven have issued a buy rating to the company. According to MarketBeat, TD SYNNEX presently has an average rating of "Moderate Buy" and an average price target of $149.75.

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Insider Activity

In related news, CEO Patrick Zammit sold 6,823 shares of the company's stock in a transaction on Thursday, January 30th. The stock was sold at an average price of $143.00, for a total value of $975,689.00. Following the sale, the chief executive officer now directly owns 165,604 shares of the company's stock, valued at $23,681,372. This represents a 3.96 % decrease in their ownership of the stock. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is available at this link. Also, Director Ann F. Vezina sold 839 shares of the company's stock in a transaction on Thursday, January 16th. The stock was sold at an average price of $136.08, for a total value of $114,171.12. Following the completion of the sale, the director now directly owns 4,856 shares in the company, valued at approximately $660,804.48. The trade was a 14.73 % decrease in their ownership of the stock. The disclosure for this sale can be found here. Over the last three months, insiders have sold 49,172 shares of company stock valued at $6,353,261. Company insiders own 1.00% of the company's stock.

TD SYNNEX Trading Down 1.9 %

Shares of SNX traded down $2.44 during mid-day trading on Thursday, hitting $129.51. 778,611 shares of the company's stock traded hands, compared to its average volume of 723,468. 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 1 year low of $102.77 and a 1 year high of $145.10. The firm has a market capitalization of $10.93 billion, a P/E ratio of 16.27, a PEG ratio of 1.06 and a beta of 1.51. The business's 50-day moving average price is $137.34 and its 200-day moving average price is $125.26.

TD SYNNEX Increases Dividend

The firm also recently announced 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. The ex-dividend date was Friday, January 24th. This is a boost from TD SYNNEX's previous quarterly dividend of $0.40. This represents a $1.76 annualized dividend and a dividend yield of 1.36%. TD SYNNEX's payout ratio is 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.