Choreo LLC decreased its position in shares of TD SYNNEX Co. (NYSE:SNX – Free Report) by 10.8% during the 4th quarter, Holdings Channel reports. The institutional investor owned 3,187 shares of the business services provider’s stock after selling 384 shares during the quarter. Choreo LLC’s holdings in TD SYNNEX were worth $371,000 as of its most recent filing with the Securities and Exchange Commission (SEC).

A number of other hedge funds and other institutional investors also recently modified their holdings of the company. CIBC Asset Management Inc raised its stake in TD SYNNEX by 3.4% in the 3rd quarter. CIBC Asset Management Inc now owns 2,609 shares of the business services provider’s stock worth $313,000 after purchasing an additional 86 shares in the last quarter. AlphaMark Advisors LLC raised its holdings in shares of TD SYNNEX by 1.3% during the 3rd quarter. AlphaMark Advisors LLC now owns 7,734 shares of the business services provider’s stock worth $929,000 after buying an additional 100 shares in the last quarter. Atria Investments Inc lifted its holdings in shares of TD SYNNEX by 4.1% in the third quarter. Atria Investments Inc now owns 2,862 shares of the business services provider’s stock worth $344,000 after acquiring an additional 112 shares during the last quarter. Highland Capital Management LLC grew its stake in shares of TD SYNNEX by 6.5% during the fourth quarter. Highland Capital Management LLC now owns 1,905 shares of the business services provider’s stock worth $223,000 after buying an additional 116 shares during the last quarter. Finally, Meixler Investment Management Ltd. grew its position in TD SYNNEX by 2.1% during the 3rd quarter. Meixler Investment Management Ltd. now owns 5,814 shares of the business services provider’s stock worth $698,000 after acquiring an additional 120 shares during the last quarter. Institutional investors and hedge funds own 84.00% of the company’s stock.

TD SYNNEX Price Performance

Shares of TD SYNNEX stock opened at $141.91 on Thursday. The business has a 50 day moving average of $129.71 and a 200 day moving average of $122.01. TD SYNNEX Co. has a 52 week low of $98.70 and a 52 week high of $144.27. The company has a quick ratio of 0.76, a current ratio of 1.24 and a debt-to-equity ratio of 0.46. The company has a market cap of $12.01 billion, a PE ratio of 17.83, a P/E/G ratio of 1.06 and a beta of 1.49.

TD SYNNEX Increases Dividend

The company also recently disclosed 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 annualized dividend and a yield of 1.24%. This is a positive change from TD SYNNEX’s previous quarterly dividend of $0.40. TD SYNNEX’s dividend payout ratio (DPR) is currently 22.11%.

Analyst Ratings Changes

A number of research firms have weighed in on SNX. Barclays increased their target price on shares of TD SYNNEX from $132.00 to $148.00 and gave the company an “equal weight” rating in a research report on Monday, January 13th. StockNews.com downgraded shares of TD SYNNEX from a “buy” rating to a “hold” rating in a research report on Friday, February 7th. Cfra upgraded shares of TD SYNNEX from a “hold” rating to a “buy” rating and boosted their target price for the company from $122.00 to $147.00 in a research note on Friday, January 10th. Royal Bank of Canada reiterated an “outperform” rating and issued a $140.00 target price on shares of TD SYNNEX in a research note on Wednesday, January 15th. Finally, JPMorgan Chase & Co. upped their price target on TD SYNNEX from $135.00 to $150.00 and gave the company a “neutral” rating in a research report on Monday, January 13th. Three research analysts have rated the stock with a hold rating and six have given a buy rating to the company. According to MarketBeat.com, the stock has an average rating of “Moderate Buy” and an average target price of $144.38.

Check Out Our Latest Research Report on SNX

Insider Activity

In other TD SYNNEX news, CFO Marshall Witt sold 1,510 shares of the business’s stock in a transaction on Wednesday, December 18th. The stock was sold at an average price of $121.13, for a total value of $182,906.30. Following the sale, the chief financial officer now directly owns 48,362 shares of the company’s stock, valued at approximately $5,858,089.06. The trade was a 3.03 % decrease in their ownership of the stock. The transaction was disclosed in a legal filing with the SEC, which can be accessed through this link. Also, CEO Patrick Zammit sold 6,823 shares of the firm’s stock in a transaction that occurred on Thursday, January 30th. The shares were sold at an average price of $143.00, for a total transaction of $975,689.00. Following the sale, the chief executive officer now directly owns 165,604 shares of the company’s stock, valued at $23,681,372. This trade represents a 3.96 % decrease in their position. The disclosure for this sale can be found here. In the last 90 days, insiders have sold 29,289 shares of company stock worth $3,639,500. Corporate insiders own 1.90% of the company’s stock.

TD SYNNEX Company Profile

(Free Report)

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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