TD SYNNEX Co. (NYSE:SNX) Shares Acquired by Atria Investments Inc

Atria Investments Inc grew its position in TD SYNNEX Co. (NYSE:SNX) by 26.0% during the fourth quarter, according to its most recent Form 13F filing with the SEC. The firm owned 3,607 shares of the business services provider’s stock after purchasing an additional 745 shares during the period. Atria Investments Inc’s holdings in TD SYNNEX were worth $423,000 at the end of the most recent quarter.

Other hedge funds have also modified their holdings of the company. Bartlett & CO. Wealth Management LLC increased its holdings 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 purchasing an additional 176 shares during the period. UMB Bank n.a. grew its holdings in TD SYNNEX by 48.4% during the fourth 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 third quarter worth about $55,000. Blue Trust Inc. grew its holdings in TD SYNNEX by 37.7% during the fourth 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 grew its holdings in TD SYNNEX by 31.9% during the fourth 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.

Analyst Upgrades and Downgrades

Several research firms recently commented on SNX. Barclays raised their target price on TD SYNNEX from $132.00 to $148.00 and gave the stock an “equal weight” rating in a report on Monday, January 13th. StockNews.com downgraded TD SYNNEX from a “buy” rating to a “hold” rating in a research report on Tuesday, February 25th. Cfra upgraded TD SYNNEX from a “hold” rating to a “buy” rating and increased their price target for the stock from $122.00 to $147.00 in a research report on Friday, January 10th. Royal Bank of Canada increased their price target on TD SYNNEX from $140.00 to $165.00 and gave the stock an “outperform” rating in a research report on Friday, February 21st. Finally, JPMorgan Chase & Co. increased their price target on TD SYNNEX from $135.00 to $150.00 and gave the stock a “neutral” rating in a research report on Monday, January 13th. Three 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, the company presently has a consensus rating of “Moderate Buy” and a consensus price target of $147.50.

TD SYNNEX Stock Performance

NYSE SNX opened at $127.21 on Monday. The company has a market cap of $10.73 billion, a PE ratio of 15.98, a price-to-earnings-growth ratio of 1.06 and a beta of 1.51. The stock’s 50 day simple moving average is $136.81 and its 200-day simple moving average is $125.11. TD SYNNEX Co. has a 1-year low of $102.23 and a 1-year high of $145.10. The company has a debt-to-equity ratio of 0.46, a current ratio of 1.24 and a quick ratio of 0.76.

TD SYNNEX Increases Dividend

The firm also recently announced 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 is a boost from TD SYNNEX’s previous quarterly dividend of $0.40. The ex-dividend date was Friday, January 24th. This represents a $1.76 annualized dividend and a yield of 1.38%. TD SYNNEX’s dividend payout ratio (DPR) is 22.11%.

Insiders Place Their Bets

In other news, Director Richard T. Hume sold 20,000 shares of TD SYNNEX stock in a transaction on Monday, March 3rd. The stock was sold at an average price of $135.88, for a total value of $2,717,600.00. Following the completion of the sale, the director now directly owns 65,480 shares of the company’s stock, valued at approximately $8,897,422.40. The trade was a 23.40 % decrease in their ownership of the stock. The sale was disclosed in a filing with the SEC, which can be accessed through this hyperlink. Also, CFO Marshall Witt sold 1,510 shares of TD SYNNEX stock in a transaction on Wednesday, December 18th. The shares were sold at an average price of $121.13, for a total value 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 $5,858,089.06. The trade was a 3.03 % decrease in their ownership of the stock. The disclosure for this sale can be found here. Insiders sold a total of 49,172 shares of company stock valued at $6,342,766 over the last quarter. 1.00% 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.