Fulton Bank N.A. Purchases 392 Shares of TD SYNNEX Co. (NYSE:SNX)

Fulton Bank N.A. grew its holdings in shares of TD SYNNEX Co. (NYSE:SNX) by 12.1% in the fourth quarter, according to its most recent disclosure with the Securities & Exchange Commission. The firm owned 3,620 shares of the business services provider’s stock after purchasing an additional 392 shares during the quarter. Fulton Bank N.A.’s holdings in TD SYNNEX were worth $425,000 at the end of the most recent reporting period.

Several other large investors have also recently modified their holdings of SNX. V Square Quantitative Management LLC purchased a new position in shares of TD SYNNEX in the third quarter valued at $30,000. UMB Bank n.a. increased its holdings in shares of TD SYNNEX by 99.3% in the third quarter. UMB Bank n.a. now owns 289 shares of the business services provider’s stock worth $35,000 after purchasing an additional 144 shares during the period. Kathleen S. Wright Associates Inc. purchased a new stake in shares of TD SYNNEX in the third quarter worth $37,000. Ashton Thomas Private Wealth LLC bought a new stake in shares of TD SYNNEX during the 2nd quarter valued at about $52,000. Finally, Point72 DIFC Ltd bought a new position in shares of TD SYNNEX in the third quarter worth approximately $55,000. Hedge funds and other institutional investors own 84.00% of the company’s stock.

Insider Buying and Selling at TD SYNNEX

In related news, insider Simon Leung sold 6,249 shares of the firm’s stock in a transaction on Wednesday, November 6th. The stock was sold at an average price of $123.17, for a total value of $769,689.33. Following the completion of the sale, the insider now owns 23,339 shares of the company’s stock, valued at $2,874,664.63. This trade represents a 21.12 % decrease in their ownership of the stock. The sale was disclosed in a legal filing with the SEC, which is available through this link. Also, insider David R. Vetter sold 20,000 shares of the business’s stock in a transaction on Friday, October 18th. The shares were sold at an average price of $123.14, for a total transaction of $2,462,800.00. Following the transaction, the insider now directly owns 66,381 shares in the company, valued at approximately $8,174,156.34. The trade was a 23.15 % decrease in their ownership of the stock. The disclosure for this sale can be found here. Over the last quarter, insiders have sold 67,876 shares of company stock worth $8,196,529. 1.90% of the stock is currently owned by company insiders.

TD SYNNEX Price Performance

Shares of TD SYNNEX stock opened at $134.16 on Friday. The stock has a market capitalization of $11.42 billion, a P/E ratio of 17.36, a price-to-earnings-growth ratio of 1.14 and a beta of 1.46. The company has a debt-to-equity ratio of 0.46, a current ratio of 1.25 and a quick ratio of 0.77. The business’s 50 day simple moving average is $119.77 and its two-hundred day simple moving average is $117.85. TD SYNNEX Co. has a one year low of $98.70 and a one year high of $134.48.

Analyst Upgrades and Downgrades

Several research firms have recently weighed in on SNX. Barclays raised their price objective on shares of TD SYNNEX from $131.00 to $132.00 and gave the company an “equal weight” rating in a research report on Friday, September 27th. Royal Bank of Canada restated an “outperform” rating and set a $140.00 price target on shares of TD SYNNEX in a research report on Tuesday. Cfra upgraded TD SYNNEX from a “hold” rating to a “buy” rating and upped their price objective for the stock from $122.00 to $147.00 in a report on Friday. Loop Capital restated a “buy” rating and issued a $150.00 target price on shares of TD SYNNEX in a research report on Monday, October 7th. Finally, Barrington Research reaffirmed an “outperform” rating and issued a $138.00 target price on shares of TD SYNNEX in a research note on Monday, September 23rd. Three research analysts have rated the stock with a hold rating and six have assigned a buy rating to the stock. According to data from MarketBeat, the stock has an average rating of “Moderate Buy” and an average target price of $139.00.

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.