TD SYNNEX Co. (NYSE:SNX – Get Free Report) CFO Marshall Witt sold 5,653 shares of the business’s stock in a transaction on Wednesday, October 9th. The stock was sold at an average price of $121.15, for a total transaction of $684,860.95. Following the completion of the sale, the chief financial officer now owns 38,279 shares in the company, valued at $4,637,500.85. This represents a 0.00 % decrease in their position. The sale was disclosed in a legal filing with the SEC, which is available through this link.
Marshall Witt also recently made the following trade(s):
- On Wednesday, August 7th, Marshall Witt sold 11,441 shares of TD SYNNEX stock. The stock was sold at an average price of $110.14, for a total transaction of $1,260,111.74.
TD SYNNEX Stock Down 0.5 %
Shares of SNX opened at $118.69 on Friday. The firm has a market capitalization of $10.14 billion, a P/E ratio of 16.62, a P/E/G ratio of 1.22 and a beta of 1.48. TD SYNNEX Co. has a 12-month low of $89.73 and a 12-month high of $133.85. The company has a current ratio of 1.25, a quick ratio of 0.77 and a debt-to-equity ratio of 0.46. The firm has a fifty day moving average price of $116.48 and a 200-day moving average price of $118.91.
TD SYNNEX Announces Dividend
The firm also recently disclosed a quarterly dividend, which will be paid on Friday, October 25th. Investors of record on Friday, October 11th will be paid a $0.40 dividend. This represents a $1.60 dividend on an annualized basis and a yield of 1.35%. The ex-dividend date of this dividend is Friday, October 11th. TD SYNNEX’s dividend payout ratio (DPR) is presently 22.41%.
Wall Street Analyst Weigh In
SNX has been the topic of a number of analyst reports. Loop Capital reiterated a “buy” rating and set a $150.00 price objective on shares of TD SYNNEX in a research report on Monday, October 7th. UBS Group boosted their price objective on shares of TD SYNNEX from $145.00 to $150.00 and gave the company a “buy” rating in a research report on Wednesday, June 26th. Barrington Research reiterated an “outperform” rating and set a $138.00 price objective on shares of TD SYNNEX in a research report on Monday, September 23rd. JPMorgan Chase & Co. cut their price objective on shares of TD SYNNEX from $126.00 to $123.00 and set a “neutral” rating on the stock in a research report on Wednesday, June 26th. Finally, Royal Bank of Canada reiterated an “outperform” rating and set a $140.00 price objective on shares of TD SYNNEX in a research report on Friday, September 27th. Three equities research analysts have rated the stock with a hold rating and six have given a buy rating to the company. Based on data from MarketBeat, the stock currently has an average rating of “Moderate Buy” and an average target price of $134.75.
Read Our Latest Analysis on SNX
Institutional Trading of TD SYNNEX
A number of hedge funds have recently added to or reduced their stakes in SNX. Vanguard Group Inc. lifted its stake in TD SYNNEX by 23.4% in the first quarter. Vanguard Group Inc. now owns 6,641,402 shares of the business services provider’s stock worth $751,143,000 after acquiring an additional 1,261,474 shares during the period. Pacer Advisors Inc. lifted its stake in TD SYNNEX by 58.9% in the second quarter. Pacer Advisors Inc. now owns 2,716,372 shares of the business services provider’s stock worth $313,469,000 after acquiring an additional 1,006,569 shares during the period. Ninety One UK Ltd raised its holdings in TD SYNNEX by 131.0% in the second quarter. Ninety One UK Ltd now owns 1,371,737 shares of the business services provider’s stock worth $158,298,000 after purchasing an additional 777,924 shares in the last quarter. Lind Value II ApS bought a new position in TD SYNNEX in the first quarter worth about $77,858,000. Finally, Lord Abbett & CO. LLC bought a new position in TD SYNNEX in the first quarter worth about $57,981,000. 84.00% of the stock is owned by hedge funds and other institutional investors.
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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