Insider Selling: TD SYNNEX Co. (NYSE:SNX) Director Sells 839 Shares of 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 owns 4,856 shares in the company, valued at $660,804.48. This trade 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 available at this link.

TD SYNNEX Trading Up 1.2 %

SNX stock opened at $143.16 on Friday. The stock has a market cap of $12.18 billion, a price-to-earnings ratio of 17.99, a PEG ratio of 1.04 and a beta of 1.46. The business’s 50-day moving average is $123.29 and its 200 day moving average is $119.37. TD SYNNEX Co. has a 12-month low of $98.70 and a 12-month high of $143.60. 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 Increases Dividend

The business also recently announced a quarterly dividend, which will be paid on Friday, January 31st. Stockholders of record on Friday, January 24th will be issued a dividend of $0.44 per share. This is a boost from TD SYNNEX’s previous quarterly dividend of $0.40. This represents a $1.76 annualized dividend and a dividend yield of 1.23%. The ex-dividend date is Friday, January 24th. TD SYNNEX’s payout ratio is currently 20.10%.

Analyst Upgrades and Downgrades

A number of equities research analysts have recently commented on SNX shares. Royal Bank of Canada restated an “outperform” rating and set a $140.00 target price on shares of TD SYNNEX in a research report on Wednesday, January 15th. Loop Capital restated a “buy” rating and set a $150.00 target price on shares of TD SYNNEX in a research report on Monday, October 7th. Cfra upgraded TD SYNNEX from a “hold” rating to a “buy” rating and raised their target price for the company from $122.00 to $147.00 in a research report on Friday, January 10th. JPMorgan Chase & Co. lifted their price objective on TD SYNNEX from $135.00 to $150.00 and gave the stock a “neutral” rating in a report on Monday, January 13th. Finally, Barclays lifted their price objective on TD SYNNEX from $132.00 to $148.00 and gave the stock an “equal weight” rating in a report on Monday, January 13th. Two research analysts have rated the stock with a hold rating and seven have issued a buy rating to the company’s stock. According to MarketBeat, TD SYNNEX currently has an average rating of “Moderate Buy” and a consensus price target of $144.38.

Institutional Inflows and Outflows

Several institutional investors and hedge funds have recently made changes to their positions in the stock. Highland Capital Management LLC boosted its holdings in shares of TD SYNNEX by 6.5% during the 4th quarter. Highland Capital Management LLC now owns 1,905 shares of the business services provider’s stock worth $223,000 after purchasing an additional 116 shares during the last quarter. Foster & Motley Inc. boosted its holdings in shares of TD SYNNEX by 17.6% during the 4th quarter. Foster & Motley Inc. now owns 22,108 shares of the business services provider’s stock worth $2,593,000 after purchasing an additional 3,302 shares during the last quarter. R Squared Ltd acquired a new position in shares of TD SYNNEX during the 4th quarter worth approximately $120,000. Foundations Investment Advisors LLC boosted its holdings in shares of TD SYNNEX by 9.8% during the 4th quarter. Foundations Investment Advisors LLC now owns 1,934 shares of the business services provider’s stock worth $227,000 after purchasing an additional 172 shares during the last quarter. Finally, KBC Group NV raised its position in shares of TD SYNNEX by 52.8% during the 4th quarter. KBC Group NV now owns 6,988 shares of the business services provider’s stock valued at $820,000 after buying an additional 2,415 shares during the period. 84.00% of the stock is currently owned by institutional investors and hedge funds.

About TD SYNNEX

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.