Oppenheimer Asset Management Inc. Has $926,000 Position in TD SYNNEX Co. (NYSE:SNX)

Oppenheimer Asset Management Inc. boosted its holdings in shares of TD SYNNEX Co. (NYSE:SNX) by 2.8% during the fourth quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The institutional investor owned 7,893 shares of the business services provider’s stock after buying an additional 213 shares during the period. Oppenheimer Asset Management Inc.’s holdings in TD SYNNEX were worth $926,000 as of its most recent SEC filing.

A number of other institutional investors have also recently bought and sold shares of the business. IFP Advisors Inc boosted its stake in TD SYNNEX by 976.6% during the fourth quarter. IFP Advisors Inc now owns 1,012 shares of the business services provider’s stock worth $119,000 after buying an additional 918 shares in the last quarter. South Dakota Investment Council boosted its stake in TD SYNNEX by 8.5% during the fourth quarter. South Dakota Investment Council now owns 72,668 shares of the business services provider’s stock worth $8,523,000 after buying an additional 5,692 shares in the last quarter. Ieq Capital LLC boosted its stake in shares of TD SYNNEX by 50.4% in the 4th quarter. Ieq Capital LLC now owns 2,722 shares of the business services provider’s stock valued at $319,000 after purchasing an additional 912 shares in the last quarter. Global Retirement Partners LLC boosted its stake in shares of TD SYNNEX by 31.9% in the 4th quarter. Global Retirement Partners LLC now owns 480 shares of the business services provider’s stock valued at $56,000 after purchasing an additional 116 shares in the last quarter. Finally, Venturi Wealth Management LLC acquired a new stake in shares of TD SYNNEX in the 4th quarter valued at $171,000. Institutional investors and hedge funds own 84.00% of the company’s stock.

Analysts Set New Price Targets

Several equities research analysts have recently commented on SNX shares. Royal Bank of Canada boosted their target price on shares of TD SYNNEX from $140.00 to $165.00 and gave the company an “outperform” rating in a research note on Friday, February 21st. StockNews.com downgraded shares of TD SYNNEX from a “buy” rating to a “hold” rating in a research note on Tuesday, February 25th. Cfra raised TD SYNNEX from a “hold” rating to a “buy” rating and lifted their price target for the company from $122.00 to $147.00 in a report on Friday, January 10th. Barclays lifted their price target on TD SYNNEX from $132.00 to $148.00 and gave the company an “equal weight” rating in a report on Monday, January 13th. Finally, JPMorgan Chase & Co. lifted their price target on TD SYNNEX from $135.00 to $150.00 and gave the company a “neutral” rating in a report on Monday, January 13th. Three equities research analysts have rated the stock with a hold rating and six have given a buy rating to the stock. Based on data from MarketBeat.com, the company currently has a consensus rating of “Moderate Buy” and a consensus price target of $147.50.

Insiders Place Their Bets

In other news, CEO Patrick Zammit sold 6,823 shares of the business’s stock in a transaction dated Thursday, January 30th. The stock was sold at an average price of $143.00, for a total transaction of $975,689.00. Following the completion of the transaction, the chief executive officer now directly owns 165,604 shares in the company, valued at approximately $23,681,372. The trade was a 3.96 % decrease in their position. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is available through this hyperlink. Also, Director Ann F. Vezina sold 839 shares of the business’s stock in a transaction dated Thursday, January 16th. The stock was sold at an average price of $136.08, for a total value of $114,171.12. Following the transaction, the director now owns 4,856 shares of the company’s stock, valued at $660,804.48. The trade was a 14.73 % decrease in their ownership of the stock. The disclosure for this sale can be found here. In the last three months, insiders sold 49,172 shares of company stock valued at $6,342,766. 1.00% of the stock is currently owned by insiders.

TD SYNNEX Stock Performance

Shares of NYSE:SNX opened at $132.39 on Wednesday. The stock has a market capitalization of $11.17 billion, a P/E ratio of 16.63, a P/E/G ratio of 1.06 and a beta of 1.49. TD SYNNEX Co. has a 1-year low of $102.23 and a 1-year high of $145.10. The company has a current ratio of 1.24, a quick ratio of 0.76 and a debt-to-equity ratio of 0.46. The business has a 50-day moving average price of $135.16 and a two-hundred day moving average price of $124.66.

TD SYNNEX Increases Dividend

The company also recently disclosed a quarterly dividend, which was paid on Friday, January 31st. Shareholders of record on Friday, January 24th were 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 yield of 1.33%. The ex-dividend date of this dividend was Friday, January 24th. TD SYNNEX’s payout ratio is currently 22.11%.

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.