TD SYNNEX Co. (NYSE:SNX) Insider Dennis Polk Sells 20,000 Shares

TD SYNNEX Co. (NYSE:SNX) insider Dennis Polk sold 20,000 shares of the business’s stock in a transaction that occurred on Thursday, June 27th. The shares were sold at an average price of $115.66, for a total transaction of $2,313,200.00. Following the completion of the transaction, the insider now directly owns 134,706 shares of the company’s stock, valued at approximately $15,580,095.96. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is available through this hyperlink.

Dennis Polk also recently made the following trade(s):

• On Monday, April 8th, Dennis Polk sold 20,000 shares of TD SYNNEX stock. The stock was sold at an average price of $118.10, for a total transaction of $2,362,000.00.

TD SYNNEX Stock Performance

NYSE:SNX opened at $115.40 on Monday. TD SYNNEX Co. has a twelve month low of $89.73 and a twelve month high of $133.85. The firm has a market capitalization of $10.28 billion, a price-to-earnings ratio of 16.16, a PEG ratio of 1.13 and a beta of 1.55. The company has a current ratio of 1.26, a quick ratio of 0.75 and a debt-to-equity ratio of 0.47. The firm’s fifty day simple moving average is $124.72 and its 200 day simple moving average is $112.75.

TD SYNNEX Announces Dividend

The business also recently announced a quarterly dividend, which will be paid on Friday, July 26th. Stockholders of record on Friday, July 12th will be paid a $0.40 dividend. The ex-dividend date is Friday, July 12th. This represents a $1.60 dividend on an annualized basis and a dividend yield of 1.39%. TD SYNNEX’s dividend payout ratio (DPR) is currently 22.41%.

Analyst Upgrades and Downgrades

Several equities research analysts have recently issued reports on SNX shares. Cfra raised their price objective on TD SYNNEX from $110.00 to $113.00 and gave the stock a “hold” rating in a report on Tuesday, March 26th. Bank of America lowered their price target on TD SYNNEX from $135.00 to $132.00 and set a “buy” rating for the company in a report on Thursday. Barclays increased their price objective on shares of TD SYNNEX from $111.00 to $118.00 and gave the stock an “equal weight” rating in a report on Wednesday, March 27th. UBS Group boosted their target price on shares of TD SYNNEX from $145.00 to $150.00 and gave the company a “buy” rating in a report on Wednesday, June 26th. Finally, Royal Bank of Canada reaffirmed a “sector perform” rating and set a $135.00 price target on shares of TD SYNNEX in a research note on Wednesday, June 26th. Four analysts have rated the stock with a hold rating and six have assigned a buy rating to the stock. According to data from MarketBeat.com, TD SYNNEX has an average rating of “Moderate Buy” and a consensus price target of $126.10.

Hedge Funds Weigh In On TD SYNNEX

Several hedge funds and other institutional investors have recently bought and sold shares of the stock. Diversified Trust Co raised its stake in shares of TD SYNNEX by 15.9% during the fourth quarter. Diversified Trust Co now owns 2,989 shares of the business services provider’s stock valued at $322,000 after purchasing an additional 409 shares during the period. Goldman Sachs Group Inc. lifted its holdings in TD SYNNEX by 63.4% in the 4th quarter. Goldman Sachs Group Inc. now owns 164,999 shares of the business services provider’s stock worth $17,756,000 after buying an additional 64,024 shares in the last quarter. Norges Bank purchased a new position in TD SYNNEX in the 4th quarter valued at about $79,506,000. Principal Financial Group Inc. grew its stake in shares of TD SYNNEX by 1.9% during the fourth quarter. Principal Financial Group Inc. now owns 733,239 shares of the business services provider’s stock valued at $78,904,000 after acquiring an additional 13,730 shares in the last quarter. Finally, Raymond James Trust N.A. increased its position in shares of TD SYNNEX by 9.0% during the fourth quarter. Raymond James Trust N.A. now owns 3,613 shares of the business services provider’s stock worth $389,000 after acquiring an additional 297 shares during the last quarter. 84.00% of the stock is owned by institutional investors and hedge funds.

About TD SYNNEX

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.