Mutual of America Capital Management LLC Boosts Stock Position in TD SYNNEX Co. (NYSE:SNX)

Mutual of America Capital Management LLC grew its stake in shares of TD SYNNEX Co. (NYSE:SNX) by 1.9% during the fourth quarter, according to the company in its most recent 13F filing with the Securities & Exchange Commission. The institutional investor owned 31,583 shares of the business services provider’s stock after buying an additional 578 shares during the period. Mutual of America Capital Management LLC’s holdings in TD SYNNEX were worth $3,399,000 at the end of the most recent reporting period.

A number of other large investors have also recently made changes to their positions in the stock. Diversified Trust Co raised its stake in TD SYNNEX by 15.9% during the 4th quarter. Diversified Trust Co now owns 2,989 shares of the business services provider’s stock valued at $322,000 after purchasing an additional 409 shares during the period. Raymond James Trust N.A. raised its stake in TD SYNNEX by 9.0% during the 4th quarter. Raymond James Trust N.A. now owns 3,613 shares of the business services provider’s stock valued at $389,000 after purchasing an additional 297 shares during the period. Schwartz Investment Counsel Inc. raised its stake in TD SYNNEX by 10.8% during the 4th quarter. Schwartz Investment Counsel Inc. now owns 102,500 shares of the business services provider’s stock valued at $11,030,000 after purchasing an additional 10,000 shares during the period. Signaturefd LLC raised its stake in TD SYNNEX by 28.9% during the 3rd quarter. Signaturefd LLC now owns 954 shares of the business services provider’s stock valued at $95,000 after purchasing an additional 214 shares during the period. Finally, Vanguard Group Inc. raised its stake in TD SYNNEX by 4.0% during the 3rd quarter. Vanguard Group Inc. now owns 5,008,606 shares of the business services provider’s stock valued at $500,159,000 after purchasing an additional 193,198 shares during the period. 84.00% of the stock is owned by hedge funds and other institutional investors.

Insider Activity at TD SYNNEX

In related news, insider Michael Urban sold 5,000 shares of the business’s stock in a transaction on Monday, January 22nd. The stock was sold at an average price of $105.00, for a total transaction of $525,000.00. Following the completion of the transaction, the insider now owns 26,386 shares in the company, valued at approximately $2,770,530. The transaction was disclosed in a document filed with the SEC, which is available through this hyperlink. In other TD SYNNEX news, insider Dennis Polk sold 20,000 shares of the company’s stock in a transaction on Monday, April 8th. The stock was sold at an average price of $118.10, for a total value of $2,362,000.00. Following the completion of the sale, the insider now directly owns 134,706 shares in the company, valued at approximately $15,908,778.60. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is available through this link. Also, insider Michael Urban sold 5,000 shares of the company’s stock in a transaction on Monday, January 22nd. The stock was sold at an average price of $105.00, for a total value of $525,000.00. Following the completion of the sale, the insider now owns 26,386 shares of the company’s stock, valued at $2,770,530. The disclosure for this sale can be found here. Insiders sold a total of 44,355 shares of company stock worth $4,930,385 in the last quarter. 1.90% of the stock is owned by company insiders.

Analyst Upgrades and Downgrades

SNX has been the topic of several recent analyst reports. Cfra lifted their target price on TD SYNNEX from $110.00 to $113.00 and gave the company a “hold” rating in a research note on Tuesday, March 26th. Royal Bank of Canada reaffirmed a “sector perform” rating and issued a $118.00 price objective (up previously from $110.00) on shares of TD SYNNEX in a research note on Wednesday, March 27th. StockNews.com raised TD SYNNEX from a “hold” rating to a “buy” rating in a research note on Thursday, December 21st. Barrington Research lifted their price objective on TD SYNNEX from $122.00 to $138.00 and gave the stock an “outperform” rating in a research note on Thursday, March 28th. Finally, Bank of America lifted their price objective on TD SYNNEX from $120.00 to $140.00 and gave the stock a “buy” rating in a research note on Tuesday, April 2nd. Four investment analysts have rated the stock with a hold rating and six have issued a buy rating to the stock. Based on data from MarketBeat, TD SYNNEX presently has a consensus rating of “Moderate Buy” and a consensus price target of $121.82.

TD SYNNEX Stock Performance

NYSE SNX opened at $114.96 on Thursday. The company has a market cap of $10.24 billion, a P/E ratio of 16.68, a P/E/G ratio of 1.06 and a beta of 1.64. The company has a debt-to-equity ratio of 0.38, a quick ratio of 0.75 and a current ratio of 1.22. The business’s 50 day moving average price is $107.05 and its 200-day moving average price is $102.44. TD SYNNEX Co. has a fifty-two week low of $86.30 and a fifty-two week high of $119.87.

TD SYNNEX Announces Dividend

The business also recently announced a quarterly dividend, which will be paid on Friday, April 26th. Stockholders of record on Friday, April 12th will be given a dividend of $0.40 per share. This represents a $1.60 annualized dividend and a dividend yield of 1.39%. The ex-dividend date is Thursday, April 11th. TD SYNNEX’s dividend payout ratio is currently 23.22%.

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.