Xponance Inc. Buys 956 Shares of TD SYNNEX Co. (NYSE:SNX)

Xponance Inc. increased its stake in shares of TD SYNNEX Co. (NYSE:SNX) by 9.4% in the 4th quarter, HoldingsChannel reports. The institutional investor owned 11,123 shares of the business services provider’s stock after acquiring an additional 956 shares during the quarter. Xponance Inc.’s holdings in TD SYNNEX were worth $1,305,000 as of its most recent SEC filing.

Other institutional investors have also bought and sold shares of the company. Bartlett & CO. Wealth Management LLC boosted its position in 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 worth $27,000 after purchasing an additional 176 shares during the last quarter. UMB Bank n.a. boosted its position in TD SYNNEX by 48.4% in the fourth quarter. UMB Bank n.a. now owns 429 shares of the business services provider’s stock worth $50,000 after purchasing an additional 140 shares during the last quarter. Point72 DIFC Ltd purchased a new position in TD SYNNEX in the third quarter worth $55,000. Blue Trust Inc. boosted its position in TD SYNNEX by 37.7% in the fourth quarter. Blue Trust Inc. now owns 471 shares of the business services provider’s stock worth $55,000 after purchasing an additional 129 shares during the last quarter. Finally, Global Retirement Partners LLC boosted its position in TD SYNNEX by 31.9% in the fourth quarter. Global Retirement Partners LLC now owns 480 shares of the business services provider’s stock worth $56,000 after purchasing an additional 116 shares during the last quarter. Institutional investors own 84.00% of the company’s stock.

Analysts Set New Price Targets

Several research analysts have weighed in on SNX shares. Royal Bank of Canada boosted their price objective on TD SYNNEX from $140.00 to $165.00 and gave the stock an “outperform” rating in a research report on Friday, February 21st. Cfra raised TD SYNNEX from a “hold” rating to a “buy” rating and boosted their price objective for the stock from $122.00 to $147.00 in a research report on Friday, January 10th. JPMorgan Chase & Co. upped their price target on TD SYNNEX from $135.00 to $150.00 and gave the company a “neutral” rating in a research report on Monday, January 13th. StockNews.com raised TD SYNNEX from a “hold” rating to a “buy” rating in a research report on Tuesday, March 18th. Finally, Barrington Research upped their price target on TD SYNNEX from $138.00 to $156.00 and gave the company an “outperform” rating in a research report on Thursday. Two equities research analysts have rated the stock with a hold rating and seven have issued a buy rating to the company. According to data from MarketBeat, the company presently has a consensus rating of “Moderate Buy” and an average price target of $149.75.

TD SYNNEX Stock Performance

Shares of SNX opened at $127.77 on Friday. The stock’s 50-day simple moving average is $137.36 and its 200 day simple moving average is $125.40. The stock has a market capitalization of $10.78 billion, a price-to-earnings ratio of 16.05, a price-to-earnings-growth ratio of 1.06 and a beta of 1.51. The company has a debt-to-equity ratio of 0.46, a quick ratio of 0.76 and a current ratio of 1.24. TD SYNNEX Co. has a 52-week low of $104.93 and a 52-week high of $145.10.

TD SYNNEX Increases Dividend

The business also recently disclosed a quarterly dividend, which was paid on Friday, January 31st. Investors of record on Friday, January 24th were issued 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 of this dividend was Friday, January 24th. This represents a $1.76 dividend on an annualized basis and a yield of 1.38%. TD SYNNEX’s dividend payout ratio is 22.11%.

Insider Buying and Selling

In other TD SYNNEX news, CFO Marshall Witt sold 1,510 shares of the company’s stock in a transaction dated Tuesday, March 18th. The stock was sold at an average price of $128.08, for a total value of $193,400.80. Following the transaction, the chief financial officer now directly owns 49,843 shares in the company, valued at $6,383,891.44. This represents a 2.94 % decrease in their position. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is available through this hyperlink. Also, Director Ann F. Vezina sold 839 shares of the company’s stock in a transaction dated 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 owns 4,856 shares in the company, valued at $660,804.48. This represents a 14.73 % decrease in their ownership of the stock. The disclosure for this sale can be found here. In the last quarter, insiders have sold 49,172 shares of company stock valued at $6,353,261. Corporate insiders own 1.00% of the company’s stock.

TD SYNNEX 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.