TD SYNNEX Co. (NYSE:SNX) CEO Sells $975,689.00 in Stock

TD SYNNEX Co. (NYSE:SNX) CEO Patrick Zammit sold 6,823 shares of the company’s stock in a transaction on 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 owns 165,604 shares of the company’s stock, valued at $23,681,372. This trade represents a 3.96 % decrease in their ownership of the stock. The sale was disclosed in a filing with the SEC, which is available at the SEC website.

TD SYNNEX Trading Up 2.0 %

TD SYNNEX stock opened at $142.81 on Thursday. TD SYNNEX Co. has a 12 month low of $98.70 and a 12 month high of $144.18. 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’s fifty day simple moving average is $127.56 and its two-hundred day simple moving average is $121.12. The company has a market capitalization of $12.09 billion, a price-to-earnings ratio of 17.94, a price-to-earnings-growth ratio of 1.06 and a beta of 1.48.

TD SYNNEX Increases Dividend

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

Institutional Inflows and Outflows

Several large investors have recently bought and sold shares of SNX. Bartlett & CO. Wealth Management LLC increased its position in shares of TD SYNNEX by 345.1% during the fourth quarter. Bartlett & CO. Wealth Management LLC now owns 227 shares of the business services provider’s stock valued at $27,000 after acquiring an additional 176 shares in the last quarter. V Square Quantitative Management LLC purchased a new stake in TD SYNNEX during the 3rd quarter valued at $30,000. UMB Bank n.a. increased its holdings in shares of TD SYNNEX by 99.3% in the 3rd quarter. UMB Bank n.a. now owns 289 shares of the business services provider’s stock worth $35,000 after purchasing an additional 144 shares in the last quarter. Kathleen S. Wright Associates Inc. purchased a new position in shares of TD SYNNEX in the third quarter worth $37,000. Finally, Point72 DIFC Ltd bought a new position in shares of TD SYNNEX during the third quarter valued at $55,000. 84.00% of the stock is owned by hedge funds and other institutional investors.

Analyst Ratings Changes

SNX has been the subject of a number of research reports. Cfra raised shares of TD SYNNEX from a “hold” rating to a “buy” rating and increased their price target for the stock from $122.00 to $147.00 in a research note on Friday, January 10th. StockNews.com raised TD SYNNEX from a “hold” rating to a “buy” rating in a research report on Tuesday, January 14th. Barclays lifted their price target on TD SYNNEX from $132.00 to $148.00 and gave the company an “equal weight” rating in a research report on Monday, January 13th. Royal Bank of Canada reiterated an “outperform” rating and issued a $140.00 price objective on shares of TD SYNNEX in a report on Wednesday, January 15th. Finally, JPMorgan Chase & Co. boosted their target price on shares of TD SYNNEX from $135.00 to $150.00 and gave the company a “neutral” rating in a report on Monday, January 13th. Two equities research analysts have rated the stock with a hold rating and seven have given a buy rating to the stock. Based on data from MarketBeat, TD SYNNEX presently has a consensus rating of “Moderate Buy” and a consensus target price of $144.38.

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.