Thompson Siegel & Walmsley LLC Raises Holdings in TD SYNNEX Co. (NYSE:SNX)

Thompson Siegel & Walmsley LLC grew its position in TD SYNNEX Co. (NYSE:SNX - Free Report) by 6.2% in the fourth quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission. The institutional investor owned 555,888 shares of the business services provider's stock after buying an additional 32,249 shares during the quarter. Thompson Siegel & Walmsley LLC owned 0.66% of TD SYNNEX worth $65,195,000 as of its most recent filing with the Securities and Exchange Commission.

A number of other institutional investors have also modified their holdings of the company. FMR LLC grew its stake in TD SYNNEX by 18.4% during the 3rd quarter. FMR LLC now owns 7,425,592 shares of the business services provider's stock worth $891,665,000 after purchasing an additional 1,154,651 shares in the last quarter. JPMorgan Chase & Co. grew its stake in TD SYNNEX by 37.0% during the 3rd quarter. JPMorgan Chase & Co. now owns 3,012,219 shares of the business services provider's stock worth $361,707,000 after purchasing an additional 813,634 shares in the last quarter. Ninety One UK Ltd grew its stake in TD SYNNEX by 75.4% during 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 purchasing an additional 1,016,251 shares in the last quarter. State Street Corp grew its stake in TD SYNNEX by 0.7% during the 3rd quarter. State Street Corp now owns 2,189,732 shares of the business services provider's stock worth $262,943,000 after purchasing an additional 15,995 shares in the last quarter. Finally, River Road Asset Management LLC grew its stake in TD SYNNEX by 0.5% during the 4th quarter. River Road Asset Management LLC now owns 869,367 shares of the business services provider's stock worth $101,959,000 after purchasing an additional 4,220 shares in the last quarter. 84.00% of the stock is owned by institutional investors and hedge funds.

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TD SYNNEX Stock Performance

Shares of NYSE SNX traded up $1.36 during trading hours on Monday, reaching $128.55. The stock had a trading volume of 514,413 shares, compared to its average volume of 724,232. The firm has a market cap of $10.85 billion, a price-to-earnings ratio of 16.15, a PEG ratio of 1.06 and a beta of 1.51. The company has a current ratio of 1.24, a quick ratio of 0.76 and a debt-to-equity ratio of 0.46. TD SYNNEX Co. has a fifty-two week low of $102.23 and a fifty-two week high of $145.10. The firm has a 50-day moving average of $136.81 and a 200-day moving average of $125.11.

TD SYNNEX Increases Dividend

The company also recently announced a quarterly dividend, which was paid on Friday, January 31st. Investors of record on Friday, January 24th were given a $0.44 dividend. 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 dividend on an annualized basis and a dividend yield of 1.37%. TD SYNNEX's dividend payout ratio is 22.11%.

Analysts Set New Price Targets

Several research firms recently commented on SNX. Cfra raised TD SYNNEX from a "hold" rating to a "buy" rating and boosted their target price for the stock from $122.00 to $147.00 in a research note on Friday, January 10th. JPMorgan Chase & Co. upped their price objective on TD SYNNEX from $135.00 to $150.00 and gave the stock a "neutral" rating in a research report on Monday, January 13th. Barclays upped their price objective 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. StockNews.com cut TD SYNNEX from a "buy" rating to a "hold" rating in a research report on Tuesday, February 25th. Finally, Royal Bank of Canada upped 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. Three investment analysts have rated the stock with a hold rating and six have given a buy rating to the company's stock. According to data from MarketBeat.com, the stock has an average rating of "Moderate Buy" and a consensus target price of $147.50.

Insider Activity at TD SYNNEX

In other TD SYNNEX news, Director Richard T. Hume sold 20,000 shares of the company's stock in a transaction that occurred on 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 completion of the sale, the director now directly owns 111,080 shares of the company's stock, valued at $13,065,229.60. This represents a 15.26 % decrease in their position. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is available at the SEC website. Also, CFO Marshall Witt sold 1,510 shares of the company's stock in a transaction that occurred on Wednesday, December 18th. The shares were sold at an average price of $121.13, for a total value of $182,906.30. Following the sale, the chief financial officer now directly owns 48,362 shares of the company's stock, valued at approximately $5,858,089.06. This represents a 3.03 % decrease in their ownership of the stock. The disclosure for this sale can be found here. Insiders sold a total of 49,172 shares of company stock valued at $6,342,766 in the last three months. 1.00% of the stock is currently owned by company 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.