TD SYNNEX Co. (NYSE:SNX) Shares Sold by Lind Value II ApS

Lind Value II ApS lessened its holdings in shares of TD SYNNEX Co. (NYSE:SNX - Free Report) by 3.0% in the 4th quarter, according to its most recent filing with the SEC. The fund owned 602,488 shares of the business services provider's stock after selling 18,751 shares during the period. TD SYNNEX makes up approximately 31.4% of Lind Value II ApS's holdings, making the stock its 2nd largest position. Lind Value II ApS owned 0.71% of TD SYNNEX worth $70,660,000 at the end of the most recent quarter.

Other hedge funds and other institutional investors have also recently added to or reduced their stakes in the company. FMR LLC lifted its holdings in shares of TD SYNNEX by 18.4% during the third quarter. FMR LLC now owns 7,425,592 shares of the business services provider's stock valued at $891,665,000 after acquiring an additional 1,154,651 shares during the period. JPMorgan Chase & Co. raised its stake in shares of TD SYNNEX by 37.0% in the third quarter. JPMorgan Chase & Co. now owns 3,012,219 shares of the business services provider's stock valued at $361,707,000 after acquiring an additional 813,634 shares during the last quarter. Pacer Advisors Inc. boosted its holdings in shares of TD SYNNEX by 58.9% in the 2nd quarter. Pacer Advisors Inc. now owns 2,716,372 shares of the business services provider's stock worth $313,469,000 after acquiring an additional 1,006,569 shares in the last quarter. Dimensional Fund Advisors LP grew its position in TD SYNNEX by 8.6% during the 2nd quarter. Dimensional Fund Advisors LP now owns 2,239,852 shares of the business services provider's stock worth $258,482,000 after acquiring an additional 177,460 shares during the last quarter. Finally, State Street Corp raised its position in TD SYNNEX by 0.7% in the 3rd quarter. State Street Corp now owns 2,189,732 shares of the business services provider's stock valued at $262,943,000 after purchasing an additional 15,995 shares during the last quarter. Institutional investors and hedge funds own 84.00% of the company's stock.

Wall Street Analyst Weigh In

A number of research analysts recently issued reports on the company. JPMorgan Chase & Co. lifted their price target on TD SYNNEX from $135.00 to $150.00 and gave the company a "neutral" rating in a report on Monday. StockNews.com raised shares of TD SYNNEX from a "hold" rating to a "buy" rating in a research note on Tuesday. Barclays increased their price objective on TD SYNNEX from $132.00 to $148.00 and gave the company an "equal weight" rating in a research report on Monday. Royal Bank of Canada reaffirmed an "outperform" rating and set a $140.00 price target on shares of TD SYNNEX in a research note on Wednesday. Finally, Barrington Research reiterated an "outperform" rating and issued a $138.00 price objective on shares of TD SYNNEX in a research report on Monday, September 23rd. Two analysts have rated the stock with a hold rating and seven have issued a buy rating to the company's stock. According to MarketBeat.com, TD SYNNEX presently has a consensus rating of "Moderate Buy" and a consensus price target of $144.38.

TD SYNNEX Stock Up 0.2 %

Shares of SNX stock traded up $0.21 during trading hours on Wednesday, hitting $136.25. 1,007,625 shares of the company were exchanged, compared to its average volume of 830,669. The business has a 50 day moving average of $120.83 and a two-hundred day moving average of $118.16. The company has a market capitalization of $11.59 billion, a PE ratio of 17.63, a PEG ratio of 1.14 and a beta of 1.46. The company has a current ratio of 1.25, a quick ratio of 0.77 and a debt-to-equity ratio of 0.46. TD SYNNEX Co. has a 52 week low of $98.70 and a 52 week high of $138.04.

TD SYNNEX Increases Dividend

The company also recently declared a quarterly dividend, which will be paid on Friday, January 31st. Shareholders of record on Friday, January 24th will be given a dividend of $0.44 per share. The ex-dividend date of this dividend is Friday, January 24th. This represents a $1.76 dividend on an annualized basis and a yield of 1.29%. This is an increase from TD SYNNEX's previous quarterly dividend of $0.40. TD SYNNEX's dividend payout ratio is 22.11%.

Insider Transactions at TD SYNNEX

In other TD SYNNEX news, insider David R. Vetter sold 20,000 shares of the company's stock in a transaction on Friday, October 18th. The shares were sold at an average price of $123.14, for a total transaction of $2,462,800.00. Following the sale, the insider now directly owns 66,381 shares of the company's stock, valued at approximately $8,174,156.34. This represents a 23.15 % decrease in their ownership of the stock. The transaction was disclosed in a legal filing with the SEC, which is available through this hyperlink. Also, CFO Marshall Witt sold 1,510 shares of TD SYNNEX stock in a transaction dated Wednesday, December 18th. The stock was sold at an average price of $121.13, for a total value of $182,906.30. Following the transaction, the chief financial officer now owns 48,362 shares of the company's stock, valued at $5,858,089.06. The trade was a 3.03 % decrease in their position. The disclosure for this sale can be found here. Insiders sold 47,876 shares of company stock valued at $5,782,129 in the last ninety days. 1.90% of the stock is currently owned by corporate insiders.

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.