Avantax Advisory Services Inc. Acquires 164 Shares of TD SYNNEX Co. (NYSE:SNX)

Avantax Advisory Services Inc. increased its holdings in shares of TD SYNNEX Co. (NYSE:SNX) by 4.4% in the fourth quarter, according to the company in its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The fund owned 3,857 shares of the business services provider’s stock after buying an additional 164 shares during the period. Avantax Advisory Services Inc.’s holdings in TD SYNNEX were worth $452,000 at the end of the most recent quarter.

Several other large investors have also bought and sold shares of SNX. Bartlett & CO. Wealth Management LLC raised its position in shares of TD SYNNEX by 345.1% during the 4th quarter. Bartlett & CO. Wealth Management LLC now owns 227 shares of the business services provider’s stock valued at $27,000 after acquiring an additional 176 shares during the last quarter. UMB Bank n.a. grew its stake in shares of TD SYNNEX by 48.4% during the fourth quarter. UMB Bank n.a. now owns 429 shares of the business services provider’s stock worth $50,000 after purchasing an additional 140 shares during the period. Point72 DIFC Ltd bought a new stake in TD SYNNEX in the third quarter valued at about $55,000. Blue Trust Inc. lifted its stake in TD SYNNEX by 37.7% in the fourth quarter. Blue Trust Inc. now owns 471 shares of the business services provider’s stock valued at $55,000 after buying an additional 129 shares during the period. Finally, Global Retirement Partners LLC boosted its holdings in TD SYNNEX by 31.9% during the fourth quarter. Global Retirement Partners LLC now owns 480 shares of the business services provider’s stock worth $56,000 after buying an additional 116 shares during the last quarter. 84.00% of the stock is currently owned by institutional investors and hedge funds.

Insider Activity

In other TD SYNNEX news, Director Richard T. Hume sold 20,000 shares of TD SYNNEX stock in a transaction 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 directly owns 111,080 shares in the company, valued at approximately $13,065,229.60. The trade was a 15.26 % decrease in their position. The sale was disclosed in a filing with the Securities & Exchange Commission, which is accessible through this link. Also, CEO Patrick Zammit sold 6,823 shares of the stock in a transaction dated Thursday, January 30th. The stock was sold at an average price of $143.00, for a total transaction of $975,689.00. Following the transaction, the chief executive officer now owns 165,604 shares of the company’s stock, valued at approximately $23,681,372. This represents a 3.96 % decrease in their ownership of the stock. The disclosure for this sale can be found here. Insiders have sold 49,172 shares of company stock worth $6,353,261 over the last ninety days. Insiders own 1.00% of the company’s stock.

Wall Street Analyst Weigh In

A number of analysts have recently commented on the company. Cfra raised TD SYNNEX from a “hold” rating to a “buy” rating and upped their price target for the company from $122.00 to $147.00 in a research note on Friday, January 10th. Royal Bank of Canada increased their target price on shares of TD SYNNEX from $140.00 to $165.00 and gave the stock an “outperform” rating in a report on Friday, February 21st. StockNews.com raised shares of TD SYNNEX from a “hold” rating to a “buy” rating in a report on Tuesday, March 18th. JPMorgan Chase & Co. raised their price objective on TD SYNNEX from $135.00 to $150.00 and gave the stock a “neutral” rating in a research note on Monday, January 13th. Finally, Barclays boosted their target price on TD SYNNEX from $132.00 to $148.00 and gave the company an “equal weight” rating in a research note on Monday, January 13th. Two analysts have rated the stock with a hold rating and seven have given a buy rating to the company’s stock. According to data from MarketBeat, the stock has a consensus rating of “Moderate Buy” and a consensus target price of $149.75.

TD SYNNEX Stock Performance

SNX opened at $127.77 on Monday. The company has a market capitalization of $10.78 billion, a price-to-earnings ratio of 16.05, a P/E/G ratio of 1.06 and a beta of 1.51. The business’s 50-day moving average price is $137.36 and its two-hundred day moving average price is $125.47. TD SYNNEX Co. has a 1 year low of $104.93 and a 1 year high of $145.10. 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 Increases Dividend

The company also recently declared a quarterly dividend, which was paid on Friday, January 31st. Shareholders of record on Friday, January 24th were given a dividend of $0.44 per share. The ex-dividend date was Friday, January 24th. This represents a $1.76 dividend on an annualized basis and a yield of 1.38%. This is an increase from TD SYNNEX’s previous quarterly dividend of $0.40. TD SYNNEX’s dividend payout ratio is 22.11%.

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.