Foster & Motley Inc. Has $2.59 Million Stake in TD SYNNEX Co. (NYSE:SNX)

Foster & Motley Inc. increased its stake in shares of TD SYNNEX Co. (NYSE:SNX) by 17.6% in the 4th quarter, HoldingsChannel reports. The institutional investor owned 22,108 shares of the business services provider’s stock after acquiring an additional 3,302 shares during the quarter. Foster & Motley Inc.’s holdings in TD SYNNEX were worth $2,593,000 as of its most recent SEC filing.

Other institutional investors have also bought and sold shares of the company. Pathstone Holdings LLC grew its holdings in TD SYNNEX by 45.2% during the third quarter. Pathstone Holdings LLC now owns 18,300 shares of the business services provider’s stock worth $2,197,000 after buying an additional 5,698 shares in the last quarter. JPMorgan Chase & Co. grew its stake in TD SYNNEX by 37.0% in the 3rd 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 during the period. The Manufacturers Life Insurance Company grew its stake in TD SYNNEX by 20.7% in the 2nd quarter. The Manufacturers Life Insurance Company now owns 67,543 shares of the business services provider’s stock valued at $7,794,000 after purchasing an additional 11,589 shares during the period. Stratos Investment Management LLC grew its stake in TD SYNNEX by 5.6% in the 3rd quarter. Stratos Investment Management LLC now owns 28,115 shares of the business services provider’s stock valued at $3,376,000 after purchasing an additional 1,486 shares during the period. Finally, Allspring Global Investments Holdings LLC grew its stake in TD SYNNEX by 170.1% in the 3rd quarter. Allspring Global Investments Holdings LLC now owns 81,714 shares of the business services provider’s stock valued at $9,812,000 after purchasing an additional 51,465 shares during the period. Institutional investors own 84.00% of the company’s stock.

TD SYNNEX Stock Performance

NYSE:SNX opened at $141.76 on Friday. The business’s 50-day moving average price is $125.88 and its two-hundred day moving average price is $120.41. TD SYNNEX Co. has a twelve month low of $98.70 and a twelve month high of $143.98. The stock has a market cap of $12.06 billion, a P/E ratio of 17.81, a PEG 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 firm also recently declared a quarterly dividend, which will be paid on Friday, January 31st. Shareholders of record on Friday, January 24th will be issued a $0.44 dividend. The ex-dividend date is Friday, January 24th. This represents a $1.76 annualized dividend and a dividend yield of 1.24%. This is a boost from TD SYNNEX’s previous quarterly dividend of $0.40. TD SYNNEX’s dividend payout ratio (DPR) is presently 20.10%.

Analysts Set New Price Targets

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

Insider Buying and Selling at TD SYNNEX

In related news, Director Ann F. Vezina sold 839 shares of the firm’s stock in a transaction dated Thursday, January 16th. The stock was sold at an average price of $136.08, for a total transaction of $114,171.12. Following the transaction, 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 sale was disclosed in a filing with the SEC, which is accessible through this link. Also, insider Simon Leung sold 6,249 shares of the firm’s stock in a transaction dated 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 directly owns 23,339 shares in the company, valued at approximately $2,874,664.63. This represents a 21.12 % decrease in their ownership of the stock. The disclosure for this sale can be found here. Insiders have sold a total of 28,715 shares of company stock valued at $3,433,500 in the last 90 days. Corporate insiders own 1.90% of the company’s stock.

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.