Universal Beteiligungs und Servicegesellschaft mbH raised its position in TD SYNNEX Corporation (NYSE:SNX – Free Report) by 1.2% during the second quarter, according to its most recent filing with the SEC. The firm owned 46,987 shares of the business services provider’s stock after purchasing an additional 565 shares during the period. Universal Beteiligungs und Servicegesellschaft mbH owned 0.06% of TD SYNNEX worth $6,376,000 as of its most recent filing with the SEC.
Several other large investors also recently modified their holdings of the company. Intech Investment Management LLC boosted its position in TD SYNNEX by 1.3% during the second quarter. Intech Investment Management LLC now owns 23,560 shares of the business services provider’s stock valued at $3,197,000 after acquiring an additional 298 shares during the last quarter. Creative Planning increased its holdings in TD SYNNEX by 19.0% in the second quarter. Creative Planning now owns 13,893 shares of the business services provider’s stock worth $1,885,000 after purchasing an additional 2,222 shares in the last quarter. Commonwealth of Pennsylvania Public School Empls Retrmt SYS lifted its stake in TD SYNNEX by 6.6% in the second quarter. Commonwealth of Pennsylvania Public School Empls Retrmt SYS now owns 19,190 shares of the business services provider’s stock valued at $2,604,000 after buying an additional 1,181 shares during the period. Police & Firemen s Retirement System of New Jersey boosted its holdings in shares of TD SYNNEX by 9.6% during the 2nd quarter. Police & Firemen s Retirement System of New Jersey now owns 29,924 shares of the business services provider’s stock worth $4,061,000 after buying an additional 2,615 shares in the last quarter. Finally, Geode Capital Management LLC grew its position in shares of TD SYNNEX by 0.8% during the 2nd quarter. Geode Capital Management LLC now owns 1,391,880 shares of the business services provider’s stock worth $188,908,000 after buying an additional 10,392 shares during the period. 84.00% of the stock is currently owned by institutional investors and hedge funds.
TD SYNNEX Price Performance
Shares of NYSE:SNX opened at $146.11 on Friday. The company has a current ratio of 1.20, a quick ratio of 0.71 and a debt-to-equity ratio of 0.36. The stock has a market cap of $11.90 billion, a PE ratio of 15.85, a price-to-earnings-growth ratio of 1.19 and a beta of 1.41. The stock’s fifty day simple moving average is $153.95 and its two-hundred day simple moving average is $142.68. TD SYNNEX Corporation has a 1-year low of $92.23 and a 1-year high of $167.76.
TD SYNNEX Dividend Announcement
The firm also recently declared a quarterly dividend, which was paid on Friday, October 31st. Investors of record on Friday, October 17th were given a dividend of $0.44 per share. This represents a $1.76 dividend on an annualized basis and a dividend yield of 1.2%. The ex-dividend date of this dividend was Friday, October 17th. TD SYNNEX’s dividend payout ratio (DPR) is presently 19.09%.
Insider Buying and Selling at TD SYNNEX
In other TD SYNNEX news, insider Miriam Anne Murphy sold 1,673 shares of the company’s stock in a transaction on Friday, October 31st. The stock was sold at an average price of $156.49, for a total value of $261,807.77. Following the completion of the transaction, the insider owned 16,529 shares in the company, valued at $2,586,623.21. This represents a 9.19% decrease in their position. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is available through the SEC website. Also, Director Richard T. Hume sold 5,000 shares of TD SYNNEX stock in a transaction on Monday, November 3rd. The stock was sold at an average price of $153.81, for a total value of $769,050.00. Following the sale, the director owned 57,515 shares in the company, valued at $8,846,382.15. The trade was a 8.00% decrease in their ownership of the stock. The disclosure for this sale is available in the SEC filing. Insiders sold a total of 14,632 shares of company stock valued at $2,264,033 in the last ninety days. 1.00% of the stock is owned by corporate insiders.
Analyst Upgrades and Downgrades
Several research analysts recently issued reports on SNX shares. UBS Group increased their target price on shares of TD SYNNEX from $154.00 to $187.00 and gave the stock a “buy” rating in a research note on Monday, September 29th. Bank of America increased their price objective on shares of TD SYNNEX from $170.00 to $180.00 and gave the stock a “buy” rating in a research report on Friday, September 26th. Barrington Research raised their target price on TD SYNNEX from $156.00 to $182.00 and gave the company an “outperform” rating in a research note on Monday, September 29th. Royal Bank Of Canada upped their price target on TD SYNNEX from $165.00 to $180.00 and gave the stock an “outperform” rating in a research note on Friday, September 26th. Finally, Wall Street Zen downgraded TD SYNNEX from a “buy” rating to a “hold” rating in a report on Monday, November 3rd. One analyst has rated the stock with a Strong Buy rating, nine have issued a Buy rating and two have issued a Hold rating to the stock. According to MarketBeat, the stock has an average rating of “Moderate Buy” and a consensus target price of $169.55.
Check Out Our Latest Analysis on TD SYNNEX
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.
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