AlphaMark Advisors LLC Has $932,000 Stock Holdings in TD SYNNEX Co. (NYSE:SNX)

AlphaMark Advisors LLC raised its position in shares of TD SYNNEX Co. (NYSE:SNX) by 2.7% in the 4th quarter, according to the company in its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The institutional investor owned 7,943 shares of the business services provider’s stock after purchasing an additional 209 shares during the period. AlphaMark Advisors LLC’s holdings in TD SYNNEX were worth $932,000 at the end of the most recent reporting period.

Several other institutional investors and hedge funds have also recently added to or reduced their stakes in the business. Bartlett & CO. Wealth Management LLC raised its holdings in shares of TD SYNNEX by 345.1% during the 4th quarter. Bartlett & CO. Wealth Management LLC now owns 227 shares of the business services provider’s stock worth $27,000 after buying an additional 176 shares in the last quarter. V Square Quantitative Management LLC bought a new position in TD SYNNEX in the third quarter valued at about $30,000. UMB Bank n.a. raised its stake in TD SYNNEX by 99.3% during the third quarter. UMB Bank n.a. now owns 289 shares of the business services provider’s stock worth $35,000 after acquiring an additional 144 shares in the last quarter. Kathleen S. Wright Associates Inc. bought a new position in shares of TD SYNNEX in the third quarter worth about $37,000. Finally, Point72 DIFC Ltd bought a new position in shares of TD SYNNEX in the third quarter worth about $55,000. 84.00% of the stock is currently owned by institutional investors.

Analyst Ratings Changes

A number of equities analysts recently issued reports on SNX shares. Cfra upgraded shares of TD SYNNEX from a “hold” rating to a “buy” rating and upped their price objective for the stock from $122.00 to $147.00 in a research report on Friday, January 10th. Royal Bank of Canada reiterated an “outperform” rating and set a $140.00 price target on shares of TD SYNNEX in a report on Wednesday, January 15th. JPMorgan Chase & Co. increased their price target on TD SYNNEX from $135.00 to $150.00 and gave the company a “neutral” rating in a research note on Monday, January 13th. StockNews.com upgraded TD SYNNEX from a “hold” rating to a “buy” rating in a research report on Tuesday, January 14th. Finally, Loop Capital reiterated a “buy” rating and issued a $150.00 target price on shares of TD SYNNEX in a research report on Monday, October 7th. Two investment analysts have rated the stock with a hold rating and seven have assigned a buy rating to the stock. According to data from MarketBeat, the stock has an average rating of “Moderate Buy” and an average price target of $144.38.

Insider Activity at TD SYNNEX

In related news, insider Simon Leung sold 6,249 shares of the business’s stock in a transaction on Wednesday, November 6th. The shares were sold at an average price of $123.17, for a total value of $769,689.33. Following the transaction, the insider now owns 23,339 shares in the company, valued at $2,874,664.63. The trade was a 21.12 % decrease in their ownership of the stock. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is available at this hyperlink. Also, Director Richard T. Hume sold 20,000 shares of the stock in a transaction dated 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 sale, the director now owns 111,080 shares of the company’s stock, valued at approximately $13,065,229.60. The trade was a 15.26 % decrease in their ownership of the stock. The disclosure for this sale can be found here. Insiders have sold 28,715 shares of company stock worth $3,433,500 over the last ninety days. Insiders own 1.90% of the company’s stock.

TD SYNNEX Stock Down 0.6 %

Shares of NYSE:SNX opened at $142.34 on Friday. The business has a fifty day simple moving average of $123.83 and a 200 day simple moving average of $119.64. TD SYNNEX Co. has a 12-month low of $98.70 and a 12-month high of $143.77. The firm has a market cap of $12.11 billion, a P/E ratio of 17.88, a P/E/G ratio of 1.05 and a beta of 1.46. 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 business also recently disclosed a quarterly dividend, which will be paid on Friday, January 31st. Investors of record on Friday, January 24th will be paid a $0.44 dividend. This is a positive change 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 1.24%. The ex-dividend date of this dividend is Friday, January 24th. TD SYNNEX’s payout ratio is currently 20.10%.

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.