Globeflex Capital L P Increases Stock Holdings in TD SYNNEX Co. (NYSE:SNX)

Globeflex Capital L P increased its holdings in shares of TD SYNNEX Co. (NYSE:SNX - Free Report) by 188.5% during the fourth quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission. The firm owned 130,661 shares of the business services provider's stock after acquiring an additional 85,367 shares during the quarter. TD SYNNEX makes up about 1.3% of Globeflex Capital L P's holdings, making the stock its 16th largest position. Globeflex Capital L P owned about 0.15% of TD SYNNEX worth $15,324,000 at the end of the most recent quarter.

Several other hedge funds and other institutional investors have also bought and sold shares of the business. Hilton Capital Management LLC grew its position in shares of TD SYNNEX by 4.5% during the 4th quarter. Hilton Capital Management LLC now owns 13,999 shares of the business services provider's stock valued at $1,642,000 after acquiring an additional 608 shares during the period. Commonwealth Equity Services LLC increased its position in TD SYNNEX by 30.4% in the fourth quarter. Commonwealth Equity Services LLC now owns 3,961 shares of the business services provider's stock worth $465,000 after buying an additional 923 shares during the last quarter. Thompson Siegel & Walmsley LLC raised its stake in shares of TD SYNNEX by 6.2% in the fourth quarter. Thompson Siegel & Walmsley LLC now owns 555,888 shares of the business services provider's stock valued at $65,195,000 after buying an additional 32,249 shares during the period. Telemark Asset Management LLC purchased a new position in shares of TD SYNNEX during the 4th quarter valued at $5,864,000. Finally, Vestcor Inc grew its stake in shares of TD SYNNEX by 75.2% during the 4th quarter. Vestcor Inc now owns 6,751 shares of the business services provider's stock worth $792,000 after acquiring an additional 2,897 shares during the period. Hedge funds and other institutional investors own 84.00% of the company's stock.

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TD SYNNEX Price Performance

NYSE:SNX traded up $3.28 during mid-day trading on Wednesday, reaching $132.13. The stock had a trading volume of 521,874 shares, compared to its average volume of 722,732. The stock has a market capitalization of $11.15 billion, a P/E ratio of 16.60, a P/E/G ratio of 1.06 and a beta of 1.51. The firm has a 50 day moving average price of $137.14 and a two-hundred day moving average price of $125.22. The company has a debt-to-equity ratio of 0.46, a quick ratio of 0.76 and a current ratio of 1.24. TD SYNNEX Co. has a one year low of $102.23 and a one year high of $145.10.

TD SYNNEX Increases Dividend

The firm also recently disclosed 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 boost 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 1.33%. TD SYNNEX's dividend payout ratio is 22.11%.

Insider Buying and Selling

In other news, Director Richard T. Hume sold 20,000 shares of TD SYNNEX stock in a transaction dated 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 owns 111,080 shares in the company, valued at approximately $13,065,229.60. The trade was a 15.26 % decrease in their ownership of the stock. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is accessible through this hyperlink. Also, 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 value 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 approximately $23,681,372. This trade represents a 3.96 % decrease in their position. The disclosure for this sale can be found here. Insiders have sold a total of 47,662 shares of company stock worth $6,159,860 in the last 90 days. 1.00% of the stock is owned by company insiders.

Wall Street Analysts Forecast Growth

SNX has been the topic of a number of research reports. Barclays boosted their price objective on TD SYNNEX from $132.00 to $148.00 and gave the company an "equal weight" rating in a research note on Monday, January 13th. StockNews.com upgraded shares of TD SYNNEX from a "hold" rating to a "buy" rating in a research note on Tuesday. JPMorgan Chase & Co. lifted their price objective on shares of TD SYNNEX from $135.00 to $150.00 and gave the company a "neutral" rating in a research note on Monday, January 13th. Cfra upgraded TD SYNNEX from a "hold" rating to a "buy" rating and increased their target price for the stock from $122.00 to $147.00 in a research report on Friday, January 10th. Finally, Royal Bank of Canada lifted their price target on TD SYNNEX from $140.00 to $165.00 and gave the company an "outperform" rating in a research report on Friday, February 21st. Two analysts have rated the stock with a hold rating and seven have assigned a buy rating to the stock. According to data from MarketBeat.com, the stock presently has an average rating of "Moderate Buy" and a consensus price target of $147.50.

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.