TD SYNNEX Co. (NYSE:SNX) Shares Purchased by Teacher Retirement System of Texas

Teacher Retirement System of Texas raised its stake in TD SYNNEX Co. (NYSE:SNX - Free Report) by 108.7% during the 4th quarter, according to its most recent filing with the Securities and Exchange Commission. The fund owned 93,433 shares of the business services provider's stock after purchasing an additional 48,667 shares during the quarter. Teacher Retirement System of Texas owned 0.11% of TD SYNNEX worth $10,958,000 at the end of the most recent reporting period.

A number of other institutional investors have also modified their holdings of SNX. Bartlett & CO. Wealth Management LLC grew its position in TD SYNNEX by 345.1% in the 4th 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 last quarter. UMB Bank n.a. lifted its stake in shares of TD SYNNEX by 48.4% in the 4th quarter. UMB Bank n.a. now owns 429 shares of the business services provider's stock worth $50,000 after acquiring an additional 140 shares during the period. Point72 DIFC Ltd purchased a new stake in shares of TD SYNNEX in the third quarter valued at about $55,000. Blue Trust Inc. increased its stake in shares of TD SYNNEX by 37.7% during the fourth quarter. Blue Trust Inc. now owns 471 shares of the business services provider's stock worth $55,000 after acquiring an additional 129 shares during the period. Finally, Global Retirement Partners LLC raised its holdings in TD SYNNEX by 31.9% during the fourth quarter. Global Retirement Partners LLC now owns 480 shares of the business services provider's stock worth $56,000 after purchasing an additional 116 shares in the last quarter. Institutional investors and hedge funds own 84.00% of the company's stock.

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Insider Activity at TD SYNNEX

In other TD SYNNEX news, 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 completion of the transaction, the director now directly owns 111,080 shares in the company, valued at approximately $13,065,229.60. The trade was a 15.26 % decrease in their position. The sale was disclosed in a legal filing with the SEC, which is accessible through this link. Also, CFO Marshall Witt sold 1,510 shares of the stock in a transaction on Tuesday, March 18th. The stock was sold at an average price of $128.08, for a total value of $193,400.80. Following the transaction, the chief financial officer now directly owns 49,843 shares in the company, valued at approximately $6,383,891.44. This represents a 2.94 % decrease in their position. The disclosure for this sale can be found here. Insiders have sold a total of 49,172 shares of company stock valued at $6,353,261 over the last quarter. Insiders own 1.00% of the company's stock.

TD SYNNEX Price Performance

Shares of NYSE:SNX traded down $3.58 during midday trading on Tuesday, hitting $126.58. 1,002,709 shares of the stock were exchanged, compared to its average volume of 731,649. TD SYNNEX Co. has a twelve month low of $106.00 and a twelve month high of $145.10. The company has a current ratio of 1.24, a quick ratio of 0.76 and a debt-to-equity ratio of 0.46. The company has a 50 day moving average price of $137.13 and a 200-day moving average price of $125.70. The stock has a market cap of $10.68 billion, a P/E ratio of 15.90, a PEG ratio of 1.06 and a beta of 1.51.

TD SYNNEX Increases Dividend

The business also recently disclosed a quarterly dividend, which was paid on Friday, January 31st. Stockholders of record on Friday, January 24th were given 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 dividend yield of 1.39%. The ex-dividend date was Friday, January 24th. TD SYNNEX's dividend payout ratio is currently 22.11%.

Wall Street Analyst Weigh In

A number of brokerages have weighed in on SNX. JPMorgan Chase & Co. lifted their price objective on TD SYNNEX from $135.00 to $150.00 and gave the company a "neutral" rating in a report on Monday, January 13th. Cfra upgraded TD SYNNEX from a "hold" rating to a "buy" rating and lifted their price target for the company from $122.00 to $147.00 in a research note on Friday, January 10th. Royal Bank of Canada increased their price objective on TD SYNNEX from $140.00 to $165.00 and gave the stock an "outperform" rating in a research report on Friday, February 21st. StockNews.com upgraded shares of TD SYNNEX from a "hold" rating to a "buy" rating in a research report on Tuesday, March 18th. Finally, Barclays upped their price target on shares of TD SYNNEX from $132.00 to $148.00 and gave the stock an "equal weight" rating in a research note on Monday, January 13th. Two analysts have rated the stock with a hold rating and seven have issued a buy rating to the company. According to MarketBeat, the company currently has an average rating of "Moderate Buy" and a consensus target price of $149.75.

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.