Xponance Inc. Has $1.31 Million Stock Holdings in TD SYNNEX Co. (NYSE:SNX)

Xponance Inc. grew its position in shares of TD SYNNEX Co. (NYSE:SNX) by 9.4% during the fourth quarter, according to its most recent disclosure with the Securities and Exchange Commission. The institutional investor owned 11,123 shares of the business services provider’s stock after purchasing 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.

A number of other hedge funds have also recently made changes to their positions in the company. FMR LLC boosted its stake in shares of TD SYNNEX by 18.4% during the third quarter. FMR LLC now owns 7,425,592 shares of the business services provider’s stock valued at $891,665,000 after purchasing an additional 1,154,651 shares in the last quarter. JPMorgan Chase & Co. boosted its stake 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 valued at $361,707,000 after purchasing an additional 813,634 shares in the last quarter. Ninety One UK Ltd boosted its stake in shares of TD SYNNEX by 75.4% during the fourth quarter. Ninety One UK Ltd now owns 2,364,563 shares of the business services provider’s stock valued at $277,316,000 after purchasing an additional 1,016,251 shares in the last quarter. State Street Corp boosted its stake in shares of TD SYNNEX by 0.7% during the third quarter. State Street Corp now owns 2,189,732 shares of the business services provider’s stock valued at $262,943,000 after purchasing an additional 15,995 shares in the last quarter. Finally, River Road Asset Management LLC boosted its stake in shares of TD SYNNEX by 0.5% during the fourth quarter. River Road Asset Management LLC now owns 869,367 shares of the business services provider’s stock valued at $101,959,000 after purchasing an additional 4,220 shares in the last quarter. 84.00% of the stock is owned by institutional investors and hedge funds.

Insider Activity

In other news, Director Ann F. Vezina sold 839 shares of the business’s stock in a transaction that occurred on Thursday, January 16th. The stock was sold at an average price of $136.08, for a total transaction 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. The trade was a 14.73 % decrease in their ownership of the stock. The transaction was disclosed in a legal filing with the SEC, which is available through this hyperlink. Also, Director Richard T. Hume sold 20,000 shares of the business’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 value of $2,352,400.00. Following the sale, the director now owns 111,080 shares of the company’s stock, valued at approximately $13,065,229.60. This represents a 15.26 % decrease in their position. The disclosure for this sale can be found here. Insiders sold a total of 49,172 shares of company stock worth $6,353,261 over the last quarter. 1.00% of the stock is currently owned by corporate insiders.

Analyst Ratings Changes

SNX has been the topic of a number of recent analyst reports. Barclays lifted their price objective on TD SYNNEX from $132.00 to $148.00 and gave the stock an “equal weight” 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 objective for the stock from $122.00 to $147.00 in a research note on Friday, January 10th. StockNews.com raised TD SYNNEX from a “hold” rating to a “buy” rating in a research note on Tuesday, March 18th. Royal Bank of Canada lifted their price objective on TD SYNNEX from $140.00 to $165.00 and gave the stock an “outperform” rating in a research note on Friday, February 21st. Finally, Barrington Research lifted their price objective on TD SYNNEX from $138.00 to $156.00 and gave the stock an “outperform” rating in a research note on Thursday. Two investment analysts have rated the stock with a hold rating and seven have given a buy rating to the company’s stock. Based on data from MarketBeat.com, TD SYNNEX has an average rating of “Moderate Buy” and a consensus target price of $149.75.

TD SYNNEX Trading Down 1.4 %

Shares of SNX stock opened at $127.77 on Friday. The company has a market cap of $10.78 billion, a P/E ratio of 16.05, a PEG ratio of 1.06 and a beta of 1.51. The stock has a 50 day simple moving average of $137.36 and a two-hundred day simple moving average of $125.40. 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 fifty-two week low of $104.93 and a fifty-two week high of $145.10.

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 issued a dividend of $0.44 per share. This is an increase 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 annualized dividend and a dividend yield of 1.38%. TD SYNNEX’s payout ratio is currently 22.11%.

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.