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

Foundations Investment Advisors LLC boosted its position in TD SYNNEX Co. (NYSE:SNX) by 9.8% in the 4th quarter, according to the company in its most recent 13F filing with the SEC. The fund owned 1,934 shares of the business services provider’s stock after purchasing an additional 172 shares during the quarter. Foundations Investment Advisors LLC’s holdings in TD SYNNEX were worth $227,000 at the end of the most recent reporting period.

Other hedge funds and other institutional investors also recently added to or reduced their stakes in the company. Pathstone Holdings LLC raised its position in shares of TD SYNNEX by 45.2% in the third quarter. Pathstone Holdings LLC now owns 18,300 shares of the business services provider’s stock valued at $2,197,000 after buying an additional 5,698 shares during the last quarter. JPMorgan Chase & Co. raised its holdings 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 acquiring an additional 813,634 shares during the last quarter. The Manufacturers Life Insurance Company lifted 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 worth $7,794,000 after purchasing an additional 11,589 shares in the last quarter. Stratos Investment Management LLC boosted its holdings in shares of TD SYNNEX by 5.6% during the 3rd quarter. Stratos Investment Management LLC now owns 28,115 shares of the business services provider’s stock worth $3,376,000 after purchasing an additional 1,486 shares during the last quarter. Finally, Allspring Global Investments Holdings LLC grew its position in shares of TD SYNNEX by 170.1% in the third 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 in the last quarter. Hedge funds and other institutional investors own 84.00% of the company’s stock.

Insider Activity

In other news, Director Ann F. Vezina sold 839 shares of the firm’s stock in a transaction that occurred 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 transaction, the director now owns 4,856 shares of the company’s stock, valued at approximately $660,804.48. This trade represents a 14.73 % decrease in their ownership of the stock. The transaction was disclosed in a document filed with the SEC, which can be accessed through the SEC website. Also, Director Richard T. Hume sold 20,000 shares of the company’s stock in a transaction that occurred on Friday, January 3rd. The stock was sold at an average price of $117.62, for a total transaction of $2,352,400.00. Following the sale, the director now directly owns 111,080 shares in the company, valued at approximately $13,065,229.60. The trade was a 15.26 % decrease in their ownership of the stock. The disclosure for this sale can be found here. Over the last ninety days, insiders sold 28,715 shares of company stock valued at $3,433,500. 1.90% of the stock is currently owned by corporate insiders.

Analyst Ratings Changes

SNX has been the topic of a number of recent research reports. JPMorgan Chase & Co. boosted their price objective on TD SYNNEX from $135.00 to $150.00 and gave the stock a “neutral” rating in a research note on Monday, January 13th. Barclays boosted their price target on shares of TD SYNNEX from $132.00 to $148.00 and gave the company an “equal weight” rating in a research report on Monday, January 13th. Loop Capital reaffirmed a “buy” rating and set a $150.00 target price on shares of TD SYNNEX in a research note on Monday, October 7th. StockNews.com upgraded shares of TD SYNNEX from a “hold” rating to a “buy” rating in a report on Tuesday, January 14th. Finally, 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. Two analysts have rated the stock with a hold rating and seven have given a buy rating to the stock. Based on data from MarketBeat, the stock currently has an average rating of “Moderate Buy” and an average target price of $144.38.

TD SYNNEX Stock Performance

Shares of SNX stock opened at $142.61 on Friday. The company has a debt-to-equity ratio of 0.46, a quick ratio of 0.76 and a current ratio of 1.24. The firm has a market cap of $12.07 billion, a P/E ratio of 17.92, a P/E/G ratio of 1.05 and a beta of 1.46. The firm’s 50 day moving average price is $126.35 and its 200-day moving average price is $120.60. TD SYNNEX Co. has a one year low of $98.70 and a one year high of $144.18.

TD SYNNEX Increases Dividend

The company also recently declared a quarterly dividend, which was paid on Friday, January 31st. Shareholders 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 yield of 1.23%. This is a boost 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%.

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.