Proficio Capital Partners LLC Buys New Position in TD SYNNEX Co. (NYSE:SNX)

Proficio Capital Partners LLC bought a new stake in TD SYNNEX Co. (NYSE:SNXFree Report) in the fourth quarter, according to its most recent Form 13F filing with the SEC. The institutional investor bought 43,980 shares of the business services provider’s stock, valued at approximately $5,158,000. Proficio Capital Partners LLC owned 0.05% of TD SYNNEX as of its most recent SEC filing.

A number of other large investors have also recently made changes to their positions in the company. Bartlett & CO. Wealth Management LLC lifted its position 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 acquiring an additional 176 shares during the period. UMB Bank n.a. lifted its position in TD SYNNEX by 48.4% during the 4th quarter. UMB Bank n.a. now owns 429 shares of the business services provider’s stock worth $50,000 after acquiring an additional 140 shares during the period. Point72 DIFC Ltd acquired a new stake in TD SYNNEX during the 3rd quarter worth approximately $55,000. Blue Trust Inc. lifted its position in TD SYNNEX by 37.7% during the 4th quarter. Blue Trust Inc. now owns 471 shares of the business services provider’s stock worth $55,000 after acquiring an additional 129 shares during the period. Finally, Global Retirement Partners LLC lifted its position in TD SYNNEX by 31.9% during the 4th quarter. Global Retirement Partners LLC now owns 480 shares of the business services provider’s stock worth $56,000 after acquiring an additional 116 shares during the period. 84.00% of the stock is owned by institutional investors and hedge funds.

Insider Transactions at TD SYNNEX

In related news, Director Richard T. Hume sold 20,000 shares of the stock in a transaction that occurred on Friday, January 3rd. The stock was sold at an average price of $117.62, for a total value of $2,352,400.00. Following the completion of the transaction, the director now directly owns 111,080 shares of the company’s stock, valued at $13,065,229.60. This represents a 15.26 % decrease in their position. The sale was disclosed in a filing with the SEC, which is available through the SEC website. Also, Director Ann F. Vezina sold 839 shares of the stock in a transaction that occurred on Thursday, January 16th. The stock was 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 directly owns 4,856 shares of the company’s stock, valued at $660,804.48. This trade represents a 14.73 % decrease in their ownership of the stock. The disclosure for this sale can be found here. In the last ninety days, insiders have sold 49,172 shares of company stock worth $6,342,766. 1.00% of the stock is currently owned by company insiders.

Wall Street Analysts Forecast Growth

A number of analysts have weighed in on the company. StockNews.com cut TD SYNNEX from a “buy” rating to a “hold” rating in a research report on Tuesday, February 25th. JPMorgan Chase & Co. increased their target price 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 increased their target price on TD SYNNEX from $132.00 to $148.00 and gave the stock an “equal weight” rating in a research note on Monday, January 13th. Royal Bank of Canada increased their target price on TD SYNNEX from $140.00 to $165.00 and gave the stock an “outperform” rating in a research note on Friday, February 21st. Finally, Cfra raised TD SYNNEX from a “hold” rating to a “buy” rating and increased their target price for the stock from $122.00 to $147.00 in a research note on Friday, January 10th. Three equities research analysts have rated the stock with a hold rating and six have issued a buy rating to the company. According to MarketBeat.com, TD SYNNEX currently has an average rating of “Moderate Buy” and an average price target of $147.50.

Read Our Latest Report on SNX

TD SYNNEX Stock Up 1.6 %

Shares of TD SYNNEX stock opened at $127.21 on Monday. 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 50 day simple moving average is $136.81 and its 200-day simple moving average is $125.11. The stock has a market capitalization of $10.73 billion, a price-to-earnings ratio of 15.98, a PEG ratio of 1.06 and a beta of 1.51. TD SYNNEX Co. has a twelve month low of $102.23 and a twelve month high of $145.10.

TD SYNNEX Increases Dividend

The business also recently declared a quarterly dividend, which was paid on Friday, January 31st. Stockholders of record on Friday, January 24th were given a dividend of $0.44 per share. This represents a $1.76 dividend on an annualized basis and a dividend yield of 1.38%. 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 presently 22.11%.

About TD SYNNEX

(Free Report)

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.

See Also

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Institutional Ownership by Quarter for TD SYNNEX (NYSE:SNX)

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