Denali Advisors LLC Sells 100 Shares of TD SYNNEX Co. (NYSE:SNX)

Denali Advisors LLC cut its stake in shares of TD SYNNEX Co. (NYSE:SNX) by 1.6% in the 1st quarter, according to its most recent disclosure with the Securities and Exchange Commission (SEC). The institutional investor owned 6,214 shares of the business services provider’s stock after selling 100 shares during the quarter. Denali Advisors LLC’s holdings in TD SYNNEX were worth $703,000 as of its most recent SEC filing.

Several other large investors have also recently modified their holdings of the stock. SummerHaven Investment Management LLC boosted its position in shares of TD SYNNEX by 1.4% during the fourth quarter. SummerHaven Investment Management LLC now owns 7,499 shares of the business services provider’s stock valued at $807,000 after buying an additional 102 shares during the last quarter. Teacher Retirement System of Texas grew its holdings in shares of TD SYNNEX by 0.6% in the fourth quarter. Teacher Retirement System of Texas now owns 23,242 shares of the business services provider’s stock worth $2,501,000 after acquiring an additional 142 shares during the period. Linden Thomas Advisory Services LLC boosted its position in TD SYNNEX by 1.9% in the fourth quarter. Linden Thomas Advisory Services LLC now owns 7,890 shares of the business services provider’s stock worth $849,000 after purchasing an additional 146 shares during the last quarter. Assetmark Inc. grew its stake in shares of TD SYNNEX by 11.8% during the 4th quarter. Assetmark Inc. now owns 2,030 shares of the business services provider’s stock valued at $218,000 after purchasing an additional 214 shares during the period. Finally, Allspring Global Investments Holdings LLC increased its holdings in TD SYNNEX by 3.5% during the fourth quarter. Allspring Global Investments Holdings LLC now owns 7,101 shares of the business services provider’s stock valued at $764,000 after buying an additional 238 shares during the last quarter. Hedge funds and other institutional investors own 84.00% of the company’s stock.

Analysts Set New Price Targets

Several research firms recently issued reports on SNX. UBS Group increased their target price on shares of TD SYNNEX from $145.00 to $150.00 and gave the stock a “buy” rating in a report on Wednesday, June 26th. Barrington Research reiterated an “outperform” rating and issued a $138.00 price target on shares of TD SYNNEX in a report on Wednesday, June 26th. Cfra increased their target price on TD SYNNEX from $110.00 to $113.00 and gave the company a “hold” rating in a research report on Tuesday, March 26th. JPMorgan Chase & Co. dropped their price objective on shares of TD SYNNEX from $126.00 to $123.00 and set a “neutral” rating for the company in a research note on Wednesday, June 26th. Finally, Royal Bank of Canada reaffirmed a “sector perform” rating and issued a $135.00 price target on shares of TD SYNNEX in a report on Wednesday, June 26th. Four equities research analysts have rated the stock with a hold rating and six have assigned a buy rating to the company. According to data from MarketBeat.com, TD SYNNEX presently has a consensus rating of “Moderate Buy” and a consensus target price of $126.10.

Insider Buying and Selling at TD SYNNEX

In other news, CEO Richard T. Hume sold 10,000 shares of the company’s stock in a transaction dated Wednesday, May 1st. The shares were sold at an average price of $115.79, for a total value of $1,157,900.00. Following the transaction, the chief executive officer now directly owns 219,363 shares in the company, valued at $25,400,041.77. The transaction was disclosed in a document filed with the SEC, which is available at the SEC website. In other news, insider Dennis Polk sold 20,000 shares of the firm’s stock in a transaction dated Thursday, June 27th. The shares were sold at an average price of $115.66, for a total value of $2,313,200.00. Following the sale, the insider now directly owns 134,706 shares in the company, valued at approximately $15,580,095.96. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which can be accessed through this link. Also, CEO Richard T. Hume sold 10,000 shares of TD SYNNEX stock in a transaction that occurred on Wednesday, May 1st. The stock was sold at an average price of $115.79, for a total transaction of $1,157,900.00. Following the completion of the transaction, the chief executive officer now directly owns 219,363 shares in the company, valued at approximately $25,400,041.77. The disclosure for this sale can be found here. Insiders have sold 50,000 shares of company stock valued at $5,833,100 in the last quarter. 1.90% of the stock is owned by insiders.

TD SYNNEX Trading Up 0.9 %

SNX opened at $113.43 on Thursday. The stock has a market cap of $10.11 billion, a price-to-earnings ratio of 15.89, a P/E/G ratio of 1.11 and a beta of 1.52. The stock’s 50 day moving average price is $124.55 and its 200-day moving average price is $112.85. TD SYNNEX Co. has a one year low of $89.73 and a one year high of $133.85. The company has a debt-to-equity ratio of 0.47, a quick ratio of 0.78 and a current ratio of 1.26.

TD SYNNEX Dividend Announcement

The firm also recently disclosed a quarterly dividend, which will be paid on Friday, July 26th. Investors of record on Friday, July 12th will be issued a dividend of $0.40 per share. This represents a $1.60 dividend on an annualized basis and a yield of 1.41%. The ex-dividend date of this dividend is Friday, July 12th. TD SYNNEX’s payout ratio is currently 22.41%.

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.