Insider Selling: 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 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 sale, the director now owns 4,856 shares of the company’s stock, valued at $660,804.48. This represents a 14.73 % decrease in their position. The transaction was disclosed in a filing with the SEC, which can be accessed through this hyperlink.

TD SYNNEX Trading Up 1.2 %

Shares of NYSE SNX opened at $143.16 on Friday. TD SYNNEX Co. has a twelve month low of $98.70 and a twelve month high of $143.60. The business has a fifty day simple moving average of $123.29 and a two-hundred day simple moving average of $119.37. The firm has a market cap of $12.18 billion, a PE ratio of 17.99, a price-to-earnings-growth ratio of 1.04 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 declared a quarterly dividend, which will be paid on Friday, January 31st. Stockholders of record on Friday, January 24th will be issued a $0.44 dividend. The ex-dividend date is Friday, January 24th. This is an increase 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 1.23%. TD SYNNEX’s dividend payout ratio (DPR) is currently 20.10%.

Analysts Set New Price Targets

SNX has been the subject of several research analyst reports. StockNews.com upgraded TD SYNNEX from a “hold” rating to a “buy” rating in a report on Tuesday, January 14th. JPMorgan Chase & Co. raised 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. Loop Capital restated a “buy” rating and set a $150.00 price target on shares of TD SYNNEX in a report on Monday, October 7th. Barclays raised 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, Royal Bank of Canada restated an “outperform” rating and set a $140.00 price target on shares of TD SYNNEX in a report on Wednesday, January 15th. Two research analysts have rated the stock with a hold rating and seven have issued a buy rating to the stock. Based on data from MarketBeat, TD SYNNEX currently has an average rating of “Moderate Buy” and an average price target of $144.38.

Institutional Inflows and Outflows

Institutional investors and hedge funds have recently made changes to their positions in the stock. Bartlett & CO. Wealth Management LLC grew its stake in 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 during the last quarter. V Square Quantitative Management LLC purchased a new stake in TD SYNNEX during the 3rd quarter valued at about $30,000. UMB Bank n.a. grew its stake in TD SYNNEX by 99.3% during the 3rd quarter. UMB Bank n.a. now owns 289 shares of the business services provider’s stock valued at $35,000 after purchasing an additional 144 shares during the last quarter. Kathleen S. Wright Associates Inc. purchased a new stake in TD SYNNEX during the 3rd quarter valued at about $37,000. Finally, Point72 DIFC Ltd purchased a new stake in TD SYNNEX during the 3rd quarter valued at about $55,000. 84.00% of the stock is currently owned by hedge funds and other institutional investors.

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.