Victory Capital Management Inc. Sells 89,434 Shares of TD SYNNEX Co. (NYSE:SNX)

Victory Capital Management Inc. reduced its position in TD SYNNEX Co. (NYSE:SNX) by 21.6% in the fourth quarter, according to the company in its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The firm owned 325,228 shares of the business services provider’s stock after selling 89,434 shares during the quarter. Victory Capital Management Inc. owned approximately 0.38% of TD SYNNEX worth $38,143,000 as of its most recent filing with the Securities and Exchange Commission (SEC).

A number of other hedge funds and other institutional investors have also recently modified their holdings of SNX. AIA Group Ltd boosted its position in shares of TD SYNNEX by 37.6% during the third quarter. AIA Group Ltd now owns 8,296 shares of the business services provider’s stock worth $996,000 after acquiring an additional 2,269 shares during the last quarter. Capital Performance Advisors LLP bought a new position in shares of TD SYNNEX during the third quarter worth $58,000. Atria Investments Inc boosted its position in shares of TD SYNNEX by 4.1% during 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. Crossmark Global Holdings Inc. boosted its position in shares of TD SYNNEX by 15.0% during the third quarter. Crossmark Global Holdings Inc. now owns 5,964 shares of the business services provider’s stock worth $716,000 after acquiring an additional 777 shares during the last quarter. Finally, Meixler Investment Management Ltd. boosted its position in shares of TD SYNNEX by 2.1% during the third 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 own 84.00% of the company’s stock.

TD SYNNEX Trading Down 0.0 %

Shares of SNX opened at $129.29 on Friday. TD SYNNEX Co. has a twelve month low of $102.23 and a twelve month high of $145.10. The company has a market cap of $10.91 billion, a P/E ratio of 16.24, a P/E/G ratio of 1.06 and a beta of 1.51. The company has a current ratio of 1.24, a quick ratio of 0.76 and a debt-to-equity ratio of 0.46. The company’s fifty day simple moving average is $135.83 and its 200-day simple moving average is $124.88.

TD SYNNEX Increases Dividend

The business also recently declared a quarterly dividend, which was paid on Friday, January 31st. Investors of record on Friday, January 24th were paid a $0.44 dividend. This represents a $1.76 annualized dividend and a yield of 1.36%. The ex-dividend date of this dividend was Friday, January 24th. This is an increase from TD SYNNEX’s previous quarterly dividend of $0.40. TD SYNNEX’s dividend payout ratio (DPR) is currently 22.11%.

Insider Buying and Selling

In other TD SYNNEX news, CFO Marshall Witt sold 1,510 shares of the stock in a transaction dated Wednesday, December 18th. The shares were sold at an average price of $121.13, for a total transaction of $182,906.30. Following the transaction, the chief financial officer now directly owns 48,362 shares in the company, valued at $5,858,089.06. This represents a 3.03 % decrease in their position. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is available at the SEC website. Also, Director Richard T. Hume sold 20,000 shares of the stock in a transaction dated Monday, March 3rd. The stock was sold at an average price of $135.88, for a total transaction of $2,717,600.00. Following the transaction, the director now owns 65,480 shares in the company, valued at approximately $8,897,422.40. The trade was a 23.40 % 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 valued at $6,342,766 in the last 90 days. Company insiders own 1.00% of the company’s stock.

Analyst Upgrades and Downgrades

SNX has been the subject of a number of research reports. Royal Bank of Canada upped their target price on shares of TD SYNNEX from $140.00 to $165.00 and gave the stock an “outperform” rating in a research report on Friday, February 21st. Barclays upped their price target on shares of TD SYNNEX from $132.00 to $148.00 and gave the company an “equal weight” rating in a research note on Monday, January 13th. JPMorgan Chase & Co. upped their price target on shares of TD SYNNEX from $135.00 to $150.00 and gave the company a “neutral” rating in a research note on Monday, January 13th. StockNews.com downgraded shares of TD SYNNEX from a “buy” rating to a “hold” rating in a research note on Tuesday, February 25th. Finally, Cfra raised shares of 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. Three analysts have rated the stock with a hold rating and six have issued a buy rating to the company’s stock. According to data from MarketBeat, TD SYNNEX presently has a consensus rating of “Moderate Buy” and an average price target of $147.50.

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.