R Squared Ltd Acquires Shares of 1,020 TD SYNNEX Co. (NYSE:SNX)

R Squared Ltd bought a new position in TD SYNNEX Co. (NYSE:SNX) during the 4th quarter, according to its most recent disclosure with the Securities and Exchange Commission (SEC). The fund bought 1,020 shares of the business services provider’s stock, valued at approximately $120,000.

A number of other hedge funds and other institutional investors also recently added to or reduced their stakes in SNX. Bartlett & CO. Wealth Management LLC increased its position in shares of TD SYNNEX by 345.1% in 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 during the period. V Square Quantitative Management LLC purchased a new stake in TD SYNNEX in the 3rd quarter worth approximately $30,000. UMB Bank n.a. grew its position 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 buying an additional 144 shares during the last quarter. Kathleen S. Wright Associates Inc. purchased a new position in shares of TD SYNNEX during the third quarter valued at approximately $37,000. Finally, Point72 DIFC Ltd purchased a new stake in TD SYNNEX in the third quarter worth $55,000. 84.00% of the stock is currently owned by institutional investors.

Analyst Ratings Changes

A number of research analysts have issued reports on the stock. Loop Capital reissued a “buy” rating and set a $150.00 price objective on shares of TD SYNNEX in a research report on Monday, October 7th. StockNews.com raised shares of TD SYNNEX from a “hold” rating to a “buy” rating in a research report on Tuesday, January 14th. Barclays upped their price target 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. Cfra upgraded TD SYNNEX from a “hold” rating to a “buy” rating and lifted their price objective for the company from $122.00 to $147.00 in a research note on Friday, January 10th. Finally, Royal Bank of Canada reissued an “outperform” rating and issued a $140.00 target price on shares of TD SYNNEX in a research note on Wednesday, January 15th. Two research analysts have rated the stock with a hold rating and seven have given a buy rating to the stock. According to data from MarketBeat.com, the stock has an average rating of “Moderate Buy” and an average target price of $144.38.

TD SYNNEX Price Performance

Shares of NYSE:SNX opened at $141.76 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 $12.06 billion, a price-to-earnings ratio of 17.81, a price-to-earnings-growth ratio of 1.05 and a beta of 1.46. The business has a 50-day simple moving average of $125.88 and a two-hundred day simple moving average of $120.41. TD SYNNEX Co. has a fifty-two week low of $98.70 and a fifty-two week high of $143.98.

TD SYNNEX Increases Dividend

The business also recently disclosed a quarterly dividend, which will be paid on Friday, January 31st. Investors of record on Friday, January 24th will be given a dividend of $0.44 per share. This is an increase from TD SYNNEX’s previous quarterly dividend of $0.40. The ex-dividend date of this dividend is Friday, January 24th. This represents a $1.76 dividend on an annualized basis and a yield of 1.24%. TD SYNNEX’s dividend payout ratio is 20.10%.

Insider Buying and Selling

In other TD SYNNEX news, CFO Marshall Witt sold 1,510 shares of the company’s stock in a transaction that occurred on Wednesday, December 18th. The shares were sold at an average price of $121.13, for a total transaction of $182,906.30. Following the completion of the sale, the chief financial officer now directly owns 48,362 shares of the company’s stock, valued at approximately $5,858,089.06. This represents a 3.03 % decrease in their ownership of the stock. The sale was disclosed in a filing with the Securities & Exchange Commission, which is accessible through the SEC website. Also, insider Simon Leung sold 6,249 shares of the stock in a transaction that occurred on Wednesday, November 6th. The stock was sold at an average price of $123.17, for a total transaction of $769,689.33. Following the completion of the transaction, the insider now owns 23,339 shares in the company, valued at $2,874,664.63. The trade was a 21.12 % decrease in their ownership of the stock. The disclosure for this sale can be found here. Over the last quarter, insiders have sold 28,715 shares of company stock worth $3,433,500. 1.90% of the stock is owned by insiders.

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.