Proficio Capital Partners LLC Buys Shares of 43,980 TD SYNNEX Co. (NYSE:SNX)

Proficio Capital Partners LLC bought a new position in TD SYNNEX Co. (NYSE:SNX - Free Report) in the fourth quarter, according to its most recent disclosure with the Securities and Exchange Commission. The institutional investor bought 43,980 shares of the business services provider's stock, valued at approximately $5,158,000. Proficio Capital Partners LLC owned 0.05% of TD SYNNEX at the end of the most recent quarter.

A number of other institutional investors and hedge funds have also recently added to or reduced their stakes in SNX. Bartlett & CO. Wealth Management LLC boosted its stake in shares of TD SYNNEX by 345.1% during the 4th quarter. Bartlett & CO. Wealth Management LLC now owns 227 shares of the business services provider's stock worth $27,000 after buying an additional 176 shares during the last quarter. UMB Bank n.a. lifted its stake in TD SYNNEX by 48.4% in the 4th quarter. UMB Bank n.a. now owns 429 shares of the business services provider's stock valued at $50,000 after purchasing an additional 140 shares during the last quarter. Point72 DIFC Ltd acquired a new stake in TD SYNNEX in the 3rd quarter valued at about $55,000. Blue Trust Inc. lifted its stake in TD SYNNEX by 37.7% in the 4th quarter. Blue Trust Inc. now owns 471 shares of the business services provider's stock valued at $55,000 after purchasing an additional 129 shares during the last quarter. Finally, Global Retirement Partners LLC raised its holdings in TD SYNNEX by 31.9% in the 4th quarter. Global Retirement Partners LLC now owns 480 shares of the business services provider's stock valued at $56,000 after acquiring an additional 116 shares during the period. 84.00% of the stock is owned by institutional investors and hedge funds.

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Insider Buying and Selling at TD SYNNEX

In other news, CEO Patrick Zammit sold 6,823 shares of the business's 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 sale, the chief executive officer now directly owns 165,604 shares of the company's stock, valued at $23,681,372. The trade was a 3.96 % decrease in their ownership of the stock. The transaction was disclosed in a legal filing with the SEC, which is available at this link. Also, Director Richard T. Hume sold 20,000 shares of the business's stock in a transaction dated 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 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 ownership of the stock. The disclosure for this sale can be found here. Over the last ninety days, insiders sold 49,172 shares of company stock valued at $6,353,261. Corporate insiders own 1.00% of the company's stock.

Wall Street Analysts Forecast Growth

Several research firms have weighed in on SNX. Barrington Research increased their price target on shares of TD SYNNEX from $138.00 to $156.00 and gave the company an "outperform" rating in a report on Thursday. Royal Bank of Canada raised their target price on shares of TD SYNNEX from $140.00 to $165.00 and gave the stock an "outperform" rating in a report on Friday, February 21st. StockNews.com raised shares of TD SYNNEX from a "hold" rating to a "buy" rating in a report on Tuesday. Cfra raised shares of TD SYNNEX from a "hold" rating to a "buy" rating and raised their target price for the stock from $122.00 to $147.00 in a report on Friday, January 10th. Finally, Barclays raised their target price on shares of TD SYNNEX from $132.00 to $148.00 and gave the stock an "equal weight" rating in a report on Monday, January 13th. Two equities research analysts have rated the stock with a hold rating and seven have given a buy rating to the stock. Based on data from MarketBeat.com, the stock currently has a consensus rating of "Moderate Buy" and an average target price of $149.75.

TD SYNNEX Trading Down 1.9 %

NYSE SNX traded down $2.44 during mid-day trading on Thursday, reaching $129.51. 761,917 shares of the stock were exchanged, compared to its average volume of 723,402. TD SYNNEX Co. has a one year low of $102.77 and a one year high of $145.10. The company has a debt-to-equity ratio of 0.46, a current ratio of 1.24 and a quick ratio of 0.76. The stock has a market cap of $10.93 billion, a P/E ratio of 16.27, a P/E/G ratio of 1.06 and a beta of 1.51. The stock has a 50 day simple moving average of $137.34 and a 200-day simple moving average of $125.26.

TD SYNNEX Increases Dividend

The business also recently declared a quarterly dividend, which was paid on Friday, January 31st. Shareholders of record on Friday, January 24th were paid a $0.44 dividend. This is an increase from TD SYNNEX's previous quarterly dividend of $0.40. This represents a $1.76 annualized dividend and a yield of 1.36%. The ex-dividend date of this dividend was Friday, January 24th. TD SYNNEX's payout ratio is 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.