TD SYNNEX Co. (NYSE:SNX) Director Sells $114,171.12 in Stock

TD SYNNEX Co. (NYSE:SNX) Director Ann F. Vezina sold 839 shares of the firm’s stock in a transaction dated Thursday, January 16th. The shares were sold at an average price of $136.08, for a total value of $114,171.12. Following the sale, the director now directly owns 4,856 shares in the company, valued at approximately $660,804.48. This represents a 14.73 % decrease in their ownership of the stock. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is accessible through this link.

TD SYNNEX Price Performance

TD SYNNEX stock traded up $3.75 during mid-day trading on Tuesday, reaching $140.85. 791,341 shares of the company’s stock traded hands, compared to its average volume of 797,794. TD SYNNEX Co. has a 12-month low of $98.70 and a 12-month high of $142.13. The company has a market cap of $11.99 billion, a price-to-earnings ratio of 17.69, a PEG ratio of 1.02 and a beta of 1.46. The stock has a 50 day moving average of $121.82 and a two-hundred day moving average of $118.83. The company has a quick ratio of 0.76, a current ratio of 1.24 and a debt-to-equity ratio of 0.46.

TD SYNNEX Increases Dividend

The firm also recently declared a quarterly dividend, which will be paid on Friday, January 31st. Investors of record on Friday, January 24th will be issued a $0.44 dividend. This is an increase from TD SYNNEX’s previous quarterly dividend of $0.40. The ex-dividend date is Friday, January 24th. This represents a $1.76 dividend on an annualized basis and a dividend yield of 1.25%. TD SYNNEX’s dividend payout ratio (DPR) is presently 20.10%.

Institutional Investors Weigh In On TD SYNNEX

Several large investors have recently added to or reduced their stakes in the stock. Bartlett & CO. Wealth Management LLC lifted its stake in shares of 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 purchasing an additional 176 shares during the last quarter. V Square Quantitative Management LLC purchased a new stake in TD SYNNEX during the 3rd quarter valued at $30,000. UMB Bank n.a. lifted its position in TD SYNNEX by 99.3% in the third quarter. UMB Bank n.a. now owns 289 shares of the business services provider’s stock worth $35,000 after buying an additional 144 shares during the last quarter. Kathleen S. Wright Associates Inc. purchased a new position in TD SYNNEX during the third quarter worth $37,000. Finally, Point72 DIFC Ltd bought a new position in TD SYNNEX during the third quarter valued at $55,000. 84.00% of the stock is owned by institutional investors.

Analyst Ratings Changes

Several analysts recently issued reports on SNX shares. 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. Barclays increased their price objective on shares of TD SYNNEX from $132.00 to $148.00 and gave the company an “equal weight” rating in a report on Monday, January 13th. Barrington Research reissued an “outperform” rating and issued a $138.00 target price on shares of TD SYNNEX in a report on Monday, September 23rd. StockNews.com raised shares of TD SYNNEX from a “hold” rating to a “buy” rating in a research note on Tuesday, January 14th. Finally, JPMorgan Chase & Co. boosted their price target on shares of TD SYNNEX from $135.00 to $150.00 and gave the stock a “neutral” rating in a research note on Monday, January 13th. Two equities research analysts have rated the stock with a hold rating and seven have assigned a buy rating to the company. Based on data from MarketBeat, the stock has a consensus rating of “Moderate Buy” and a consensus price target of $144.38.

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.