TD SYNNEX Co. (NYSE:SNX) Shares Acquired by Thrivent Financial for Lutherans

Thrivent Financial for Lutherans raised its holdings in shares of TD SYNNEX Co. (NYSE:SNX) by 92.5% in the 4th quarter, according to the company in its most recent 13F filing with the SEC. The institutional investor owned 715,603 shares of the business services provider’s stock after acquiring an additional 343,856 shares during the quarter. Thrivent Financial for Lutherans owned approximately 0.85% of TD SYNNEX worth $83,926,000 as of its most recent filing with the SEC.

Several other institutional investors and hedge funds have also made changes to their positions in the business. Arizona State Retirement System boosted its position in shares of TD SYNNEX by 0.4% during the 4th quarter. Arizona State Retirement System now owns 22,225 shares of the business services provider’s stock worth $2,607,000 after acquiring an additional 78 shares in the last quarter. CIBC Asset Management Inc boosted its position in shares of TD SYNNEX by 3.4% during the 3rd quarter. CIBC Asset Management Inc now owns 2,609 shares of the business services provider’s stock worth $313,000 after acquiring an additional 86 shares in the last quarter. Amundi boosted its position in shares of TD SYNNEX by 22.3% during the 4th quarter. Amundi now owns 560 shares of the business services provider’s stock worth $66,000 after acquiring an additional 102 shares in the last quarter. Atria Investments Inc boosted its position in shares of TD SYNNEX by 4.1% during the 3rd 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 in the last quarter. Finally, Highland Capital Management LLC boosted its position in shares of TD SYNNEX by 6.5% in the 4th quarter. Highland Capital Management LLC now owns 1,905 shares of the business services provider’s stock valued at $223,000 after purchasing an additional 116 shares during the period. 84.00% of the stock is owned by institutional investors and hedge funds.

Analyst Upgrades and Downgrades

A number of analysts recently issued reports on SNX shares. JPMorgan Chase & Co. upped their target price on TD SYNNEX from $135.00 to $150.00 and gave the company a “neutral” rating in a research report on Monday, January 13th. Barclays upped their target price on 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 raised TD SYNNEX from a “hold” rating to a “buy” rating in a research report on Tuesday. Cfra raised TD SYNNEX from a “hold” rating to a “buy” rating and upped their target price for the company from $122.00 to $147.00 in a research report on Friday, January 10th. Finally, Royal Bank of Canada upped their target price on TD SYNNEX from $140.00 to $165.00 and gave the company an “outperform” rating in a research report on Friday, February 21st. Two investment analysts have rated the stock with a hold rating and seven have given a buy rating to the stock. According to MarketBeat.com, the stock presently has an average rating of “Moderate Buy” and an average target price of $147.50.

Insider Buying and Selling at TD SYNNEX

In other news, Director Ann F. Vezina sold 839 shares of the stock in a transaction that occurred on Thursday, January 16th. The stock was sold at an average price of $136.08, for a total transaction of $114,171.12. Following the completion of the transaction, the director now directly owns 4,856 shares of the company’s stock, valued at approximately $660,804.48. This represents a 14.73 % decrease in their position. The sale was disclosed in a filing with the SEC, which is accessible through this hyperlink. Also, Director Richard T. Hume sold 20,000 shares of the stock in a transaction that occurred on Friday, January 3rd. The stock was sold at an average price of $117.62, for a total value of $2,352,400.00. Following the transaction, the director now directly owns 111,080 shares of the company’s stock, valued at approximately $13,065,229.60. This trade represents a 15.26 % decrease in their ownership of the stock. The disclosure for this sale can be found here. Insiders sold a total of 47,662 shares of company stock valued at $6,159,860 in the last ninety days. Insiders own 1.00% of the company’s stock.

TD SYNNEX Stock Up 0.3 %

SNX opened at $128.94 on Wednesday. The business has a 50 day moving average price of $137.14 and a two-hundred day moving average price of $125.22. 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 $10.88 billion, a PE ratio of 16.20, a P/E/G ratio of 1.06 and a beta of 1.51. TD SYNNEX Co. has a 52 week low of $102.23 and a 52 week high of $145.10.

TD SYNNEX Increases Dividend

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

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.