Thompson Siegel & Walmsley LLC Has $65.20 Million Stock Holdings in TD SYNNEX Co. (NYSE:SNX)

Thompson Siegel & Walmsley LLC boosted its position in TD SYNNEX Co. (NYSE:SNX) by 6.2% in the 4th quarter, according to its most recent filing with the SEC. The fund owned 555,888 shares of the business services provider’s stock after purchasing an additional 32,249 shares during the period. Thompson Siegel & Walmsley LLC owned about 0.66% of TD SYNNEX worth $65,195,000 as of its most recent filing with the SEC.

Several other hedge funds have also recently bought and sold shares of the stock. Pathstone Holdings LLC boosted its position in TD SYNNEX by 45.2% in the third quarter. Pathstone Holdings LLC now owns 18,300 shares of the business services provider’s stock valued at $2,197,000 after buying an additional 5,698 shares in the last quarter. JPMorgan Chase & Co. increased its position in shares of TD SYNNEX by 37.0% during the third quarter. JPMorgan Chase & Co. now owns 3,012,219 shares of the business services provider’s stock worth $361,707,000 after acquiring an additional 813,634 shares in the last quarter. Assenagon Asset Management S.A. bought a new stake in shares of TD SYNNEX during the fourth quarter worth about $2,260,000. IFP Advisors Inc grew its position in TD SYNNEX by 976.6% in the 4th quarter. IFP Advisors Inc now owns 1,012 shares of the business services provider’s stock worth $119,000 after purchasing an additional 918 shares in the last quarter. Finally, iSAM Funds UK Ltd bought a new stake in TD SYNNEX in the 3rd quarter worth about $500,000. 84.00% of the stock is currently owned by institutional investors and hedge funds.

Insider Activity at TD SYNNEX

In other news, Director Ann F. Vezina sold 839 shares of the stock in a transaction dated Thursday, January 16th. The shares were sold at an average price of $136.08, for a total transaction of $114,171.12. Following the sale, the director now owns 4,856 shares of the company’s stock, valued at approximately $660,804.48. This represents a 14.73 % decrease in their ownership of the stock. The sale was disclosed in a document filed with the Securities & Exchange Commission, which can be accessed through the SEC website. Also, Director Richard T. Hume sold 20,000 shares of the firm’s stock in a transaction that occurred on Friday, January 3rd. The shares were sold at an average price of $117.62, for a total transaction of $2,352,400.00. Following the completion of the sale, the director now directly owns 111,080 shares in the company, valued at approximately $13,065,229.60. This trade represents a 15.26 % decrease in their position. The disclosure for this sale can be found here. Over the last quarter, insiders sold 49,172 shares of company stock valued at $6,342,766. 1.00% of the stock is owned by company insiders.

TD SYNNEX Stock Performance

Shares of NYSE SNX opened at $127.79 on Thursday. 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 company has a 50 day simple moving average of $136.45 and a two-hundred day simple moving average of $125.03. TD SYNNEX Co. has a 12 month low of $102.23 and a 12 month high of $145.10. The stock has a market cap of $10.78 billion, a price-to-earnings ratio of 16.05, a PEG ratio of 1.06 and a beta of 1.51.

TD SYNNEX Increases Dividend

The firm also recently announced a quarterly dividend, which was paid on Friday, January 31st. Stockholders of record on Friday, January 24th were issued a dividend of $0.44 per share. This is a positive change from TD SYNNEX’s previous quarterly dividend of $0.40. The ex-dividend date of this dividend was Friday, January 24th. This represents a $1.76 dividend on an annualized basis and a dividend yield of 1.38%. TD SYNNEX’s dividend payout ratio is presently 22.11%.

Analyst Ratings Changes

SNX has been the topic of a number of recent research reports. Barclays upped their price target on shares of TD SYNNEX from $132.00 to $148.00 and gave the company an “equal weight” rating in a research note on Monday, January 13th. JPMorgan Chase & Co. lifted their target price on shares of TD SYNNEX from $135.00 to $150.00 and gave the stock a “neutral” rating in a research report on Monday, January 13th. StockNews.com lowered shares of TD SYNNEX from a “buy” rating to a “hold” rating in a report on Tuesday, February 25th. Royal Bank of Canada lifted their target price on shares of TD SYNNEX from $140.00 to $165.00 and gave the company an “outperform” rating in a research note on Friday, February 21st. Finally, Cfra raised shares of TD SYNNEX from a “hold” rating to a “buy” rating and lifted their target price for the company from $122.00 to $147.00 in a research note on Friday, January 10th. Three research analysts have rated the stock with a hold rating and six have assigned a buy rating to the company’s stock. Based on data from MarketBeat, the company has a consensus rating of “Moderate Buy” and an average price target of $147.50.

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.