Oppenheimer Asset Management Inc. Has $926,000 Position in TD SYNNEX Co. (NYSE:SNX)

Oppenheimer Asset Management Inc. lifted its holdings in TD SYNNEX Co. (NYSE:SNX) by 2.8% in the 4th quarter, Holdings Channel.com reports. The firm owned 7,893 shares of the business services provider’s stock after buying an additional 213 shares during the quarter. Oppenheimer Asset Management Inc.’s holdings in TD SYNNEX were worth $926,000 as of its most recent SEC filing.

Several other institutional investors and hedge funds have also modified their holdings of the business. IFP Advisors Inc grew its position in shares of TD SYNNEX by 976.6% in the 4th quarter. IFP Advisors Inc now owns 1,012 shares of the business services provider’s stock valued at $119,000 after purchasing an additional 918 shares during the period. South Dakota Investment Council grew its position in shares of TD SYNNEX by 8.5% in the 4th quarter. South Dakota Investment Council now owns 72,668 shares of the business services provider’s stock valued at $8,523,000 after purchasing an additional 5,692 shares during the period. Ieq Capital LLC grew its position in shares of TD SYNNEX by 50.4% in the 4th quarter. Ieq Capital LLC now owns 2,722 shares of the business services provider’s stock valued at $319,000 after purchasing an additional 912 shares during the period. Global Retirement Partners LLC grew its position in shares of TD SYNNEX by 31.9% in the 4th quarter. Global Retirement Partners LLC now owns 480 shares of the business services provider’s stock valued at $56,000 after purchasing an additional 116 shares during the period. Finally, Venturi Wealth Management LLC acquired a new position in shares of TD SYNNEX in the 4th quarter valued at approximately $171,000. 84.00% of the stock is currently owned by institutional investors and hedge funds.

Insider Transactions at TD SYNNEX

In related news, Director Ann F. Vezina sold 839 shares of the stock in a transaction on Thursday, January 16th. The stock was sold at an average price of $136.08, for a total value of $114,171.12. Following the sale, the director now owns 4,856 shares in the company, valued at approximately $660,804.48. This represents a 14.73 % decrease in their position. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is accessible through the SEC website. Also, Director Richard T. Hume sold 20,000 shares of the 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 completion of the sale, the director now owns 111,080 shares in the company, valued at approximately $13,065,229.60. This trade represents a 15.26 % decrease in their position. The disclosure for this sale can be found here. Insiders have sold a total of 49,172 shares of company stock worth $6,342,766 in the last 90 days. Corporate insiders own 1.00% of the company’s stock.

TD SYNNEX Trading Down 1.9 %

Shares of TD SYNNEX stock opened at $132.39 on Wednesday. TD SYNNEX Co. has a 12-month low of $102.23 and a 12-month high of $145.10. The stock has a market cap of $11.17 billion, a P/E ratio of 16.63, a P/E/G ratio of 1.06 and a beta of 1.49. 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 business’s 50 day moving average is $135.16 and its 200-day moving average is $124.66.

TD SYNNEX Increases Dividend

The business also recently disclosed a quarterly dividend, which was paid on Friday, January 31st. Stockholders of record on Friday, January 24th were paid a dividend of $0.44 per share. The ex-dividend date of this dividend was Friday, January 24th. This represents a $1.76 dividend on an annualized basis and a dividend yield of 1.33%. This is a boost from TD SYNNEX’s previous quarterly dividend of $0.40. TD SYNNEX’s dividend payout ratio is currently 22.11%.

Wall Street Analysts Forecast Growth

Several equities analysts recently issued reports on the company. StockNews.com lowered TD SYNNEX from a “buy” rating to a “hold” rating in a research report on Tuesday, February 25th. Royal Bank of Canada upped their price target on TD SYNNEX from $140.00 to $165.00 and gave the stock an “outperform” rating in a research report on Friday, February 21st. Cfra raised TD SYNNEX from a “hold” rating to a “buy” rating and upped their price target for the stock from $122.00 to $147.00 in a research report on Friday, January 10th. JPMorgan Chase & Co. upped their price target on TD SYNNEX from $135.00 to $150.00 and gave the stock a “neutral” rating in a research report on Monday, January 13th. Finally, Barclays upped their price target on TD SYNNEX from $132.00 to $148.00 and gave the stock an “equal weight” rating in a research report on Monday, January 13th. Three investment analysts have rated the stock with a hold rating and six have assigned a buy rating to the company. According to MarketBeat, TD SYNNEX has a consensus rating of “Moderate Buy” and an average price target of $147.50.

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.