Savant Capital LLC Sells 219 Shares of TD SYNNEX Co. (NYSE:SNX)

Savant Capital LLC lessened its position in TD SYNNEX Co. (NYSE:SNX) by 1.3% in the 4th quarter, Holdings Channel reports. The firm owned 16,698 shares of the business services provider’s stock after selling 219 shares during the period. Savant Capital LLC’s holdings in TD SYNNEX were worth $1,958,000 at the end of the most recent quarter.

Several other hedge funds also recently bought and sold shares of the company. Pathstone Holdings LLC increased its position in shares of TD SYNNEX by 45.2% in the 3rd 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 holdings in shares of TD SYNNEX by 37.0% in 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. Stratos Investment Management LLC lifted its holdings in shares of TD SYNNEX by 5.6% during the 3rd quarter. Stratos Investment Management LLC now owns 28,115 shares of the business services provider’s stock valued at $3,376,000 after purchasing an additional 1,486 shares in the last quarter. Allspring Global Investments Holdings LLC grew its position in shares of TD SYNNEX by 170.1% in the 3rd quarter. Allspring Global Investments Holdings LLC now owns 81,714 shares of the business services provider’s stock valued at $9,812,000 after purchasing an additional 51,465 shares during the period. Finally, Assenagon Asset Management S.A. bought a new stake in TD SYNNEX during the 4th quarter worth approximately $2,260,000. 84.00% of the stock is currently owned by institutional investors and hedge funds.

TD SYNNEX Trading Down 0.8 %

Shares of NYSE:SNX opened at $141.91 on Thursday. The stock has a market capitalization of $12.01 billion, a PE ratio of 17.83, a price-to-earnings-growth ratio of 1.06 and a beta of 1.49. The company’s 50-day moving average price is $129.71 and its two-hundred day moving average price is $122.01. 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 Co. has a one year low of $98.70 and a one year high of $144.27.

TD SYNNEX Increases Dividend

The company also recently disclosed a quarterly dividend, which was paid on Friday, January 31st. Stockholders of record on Friday, January 24th were given a $0.44 dividend. This represents a $1.76 dividend on an annualized basis and a dividend yield of 1.24%. The ex-dividend date of this dividend was Friday, January 24th. This is an increase from TD SYNNEX’s previous quarterly dividend of $0.40. TD SYNNEX’s dividend payout ratio (DPR) is 22.11%.

Insider Transactions at TD SYNNEX

In related news, Director Richard T. Hume sold 20,000 shares of TD SYNNEX stock in a transaction dated Friday, January 3rd. The stock was sold at an average price of $117.62, for a total transaction of $2,352,400.00. Following the completion of the transaction, the director now owns 111,080 shares in the company, valued at approximately $13,065,229.60. This trade represents a 15.26 % decrease in their ownership of the stock. The transaction was disclosed in a document filed with the SEC, which is accessible through this hyperlink. Also, Director Ann F. Vezina sold 839 shares of the company’s stock in a transaction that occurred on Thursday, January 16th. The shares were sold at an average price of $136.08, for a total value of $114,171.12. Following the completion of the sale, the director now owns 4,856 shares in the company, valued at $660,804.48. This represents a 14.73 % decrease in their position. The disclosure for this sale can be found here. Insiders have sold 29,289 shares of company stock worth $3,639,500 in the last ninety days. Insiders own 1.90% of the company’s stock.

Analysts Set New Price Targets

A number of research analysts have weighed in on SNX shares. Royal Bank of Canada reaffirmed an “outperform” rating and issued a $140.00 price target on shares of TD SYNNEX in a research note on Wednesday, January 15th. Barclays boosted their price objective on shares of TD SYNNEX from $132.00 to $148.00 and gave the company an “equal weight” rating in a research report on Monday, January 13th. JPMorgan Chase & Co. upped their target price on shares of TD SYNNEX from $135.00 to $150.00 and gave the stock a “neutral” rating in a research note on Monday, January 13th. Cfra raised TD SYNNEX from a “hold” rating to a “buy” rating and lifted their price target for the company from $122.00 to $147.00 in a research note on Friday, January 10th. Finally, StockNews.com cut TD SYNNEX from a “buy” rating to a “hold” rating in a research report on Friday, February 7th. 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 stock currently has a consensus rating of “Moderate Buy” and an average target price of $144.38.

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.