TD SYNNEX Co. (NYSE:SNX) Shares Purchased by Foundations Investment Advisors LLC

Foundations Investment Advisors LLC boosted its position in shares of TD SYNNEX Co. (NYSE:SNX) by 9.8% in the 4th quarter, according to its most recent filing with the Securities & Exchange Commission. The institutional investor owned 1,934 shares of the business services provider’s stock after acquiring an additional 172 shares during the period. Foundations Investment Advisors LLC’s holdings in TD SYNNEX were worth $227,000 as of its most recent SEC filing.

A number of other large investors also recently modified their holdings of the company. FMR LLC increased its holdings in shares of TD SYNNEX by 18.4% in the 3rd quarter. FMR LLC now owns 7,425,592 shares of the business services provider’s stock valued at $891,665,000 after acquiring an additional 1,154,651 shares during the last quarter. JPMorgan Chase & Co. boosted its holdings in TD SYNNEX by 37.0% in the third quarter. JPMorgan Chase & Co. now owns 3,012,219 shares of the business services provider’s stock valued at $361,707,000 after purchasing an additional 813,634 shares in the last quarter. Thrivent Financial for Lutherans increased its stake in TD SYNNEX by 560.0% in the third quarter. Thrivent Financial for Lutherans now owns 371,747 shares of the business services provider’s stock valued at $44,639,000 after purchasing an additional 315,424 shares during the last quarter. Lord Abbett & CO. LLC raised its holdings in TD SYNNEX by 39.0% during the third quarter. Lord Abbett & CO. LLC now owns 825,468 shares of the business services provider’s stock worth $99,123,000 after purchasing an additional 231,715 shares in the last quarter. Finally, Thompson Siegel & Walmsley LLC boosted its holdings in shares of TD SYNNEX by 19.4% in the 3rd quarter. Thompson Siegel & Walmsley LLC now owns 523,639 shares of the business services provider’s stock valued at $62,879,000 after buying an additional 85,207 shares in the last quarter. 84.00% of the stock is owned by hedge funds and other institutional investors.

TD SYNNEX Stock Performance

NYSE:SNX opened at $142.61 on Friday. The company has a debt-to-equity ratio of 0.46, a current ratio of 1.24 and a quick ratio of 0.76. The firm has a market cap of $12.07 billion, a price-to-earnings ratio of 17.92, a price-to-earnings-growth ratio of 1.05 and a beta of 1.46. The firm’s fifty day moving average price is $126.35 and its 200 day moving average price is $120.60. TD SYNNEX Co. has a 1-year low of $98.70 and a 1-year high of $144.18.

TD SYNNEX Increases Dividend

The company also recently declared a quarterly dividend, which was paid on Friday, January 31st. Stockholders of record on Friday, January 24th were paid a dividend of $0.44 per share. This represents a $1.76 dividend on an annualized basis and a dividend yield of 1.23%. This is a positive change from TD SYNNEX’s previous quarterly dividend of $0.40. The ex-dividend date was Friday, January 24th. TD SYNNEX’s payout ratio is 22.11%.

Wall Street Analyst Weigh In

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

Insider Buying and Selling

In related news, insider Simon Leung sold 6,249 shares of the company’s stock in a transaction on Wednesday, November 6th. The stock was sold at an average price of $123.17, for a total transaction of $769,689.33. Following the transaction, the insider now owns 23,339 shares of the company’s stock, valued at $2,874,664.63. This represents a 21.12 % decrease in their ownership of the stock. The sale was disclosed in a legal filing with the SEC, which is available at this link. Also, Director Ann F. Vezina sold 839 shares of the firm’s stock in a transaction on Thursday, January 16th. The shares were sold at an average price of $136.08, for a total value of $114,171.12. Following the completion of the sale, the director now directly owns 4,856 shares of the company’s stock, valued at approximately $660,804.48. This trade represents a 14.73 % decrease in their position. The disclosure for this sale can be found here. Insiders sold 28,715 shares of company stock valued at $3,433,500 over the last ninety days. Corporate insiders own 1.90% of the company’s stock.

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.