Marshall Witt Sells 1,082 Shares of TD SYNNEX Co. (NYSE:SNX) Stock

TD SYNNEX Co. (NYSE:SNX – Get Rating) CFO Marshall Witt sold 1,082 shares of the business’s stock in a transaction that occurred on Tuesday, January 17th. The stock was sold at an average price of $110.90, for a total value of $119,993.80. Following the transaction, the chief financial officer now directly owns 50,893 shares in the company, valued at $5,644,033.70. The transaction was disclosed in a legal filing with the SEC, which is available at this hyperlink.

Marshall Witt also recently made the following trade(s):

• On Friday, December 16th, Marshall Witt sold 712 shares of TD SYNNEX stock. The stock was sold at an average price of $95.58, for a total value of $68,052.96.
• On Tuesday, November 15th, Marshall Witt sold 609 shares of TD SYNNEX stock. The stock was sold at an average price of $102.10, for a total value of $62,178.90.

TD SYNNEX Stock Performance

NYSE:SNX opened at $109.05 on Friday. The stock has a fifty day moving average price of $100.24 and a 200-day moving average price of $95.69. The company has a market cap of $10.42 billion, a price-to-earnings ratio of 16.08, a PEG ratio of 0.98 and a beta of 1.58. The company has a debt-to-equity ratio of 0.48, a quick ratio of 0.70 and a current ratio of 1.25. TD SYNNEX Co. has a fifty-two week low of $78.86 and a fifty-two week high of $115.14.

TD SYNNEX Increases Dividend

The business also recently announced a quarterly dividend, which will be paid on Friday, January 27th. Stockholders of record on Friday, January 20th will be given a dividend of $0.35 per share. This represents a $1.40 dividend on an annualized basis and a dividend yield of 1.28%. This is an increase from TD SYNNEX’s previous quarterly dividend of $0.30. The ex-dividend date is Thursday, January 19th. TD SYNNEX’s dividend payout ratio is presently 17.70%.

Institutional Trading of TD SYNNEX

A number of institutional investors have recently modified their holdings of the stock. FMR LLC lifted its position in shares of TD SYNNEX by 7.6% during the 2nd quarter. FMR LLC now owns 6,110,250 shares of the business services provider’s stock worth $556,644,000 after buying an additional 432,189 shares during the last quarter. Vanguard Group Inc. lifted its position in shares of TD SYNNEX by 2.0% during the 3rd quarter. Vanguard Group Inc. now owns 4,215,710 shares of the business services provider’s stock worth $342,274,000 after buying an additional 84,548 shares during the last quarter. BlackRock Inc. lifted its position in shares of TD SYNNEX by 6.0% during the 3rd quarter. BlackRock Inc. now owns 3,732,192 shares of the business services provider’s stock worth $303,018,000 after buying an additional 211,608 shares during the last quarter. Dimensional Fund Advisors LP lifted its position in shares of TD SYNNEX by 4.0% during the 3rd quarter. Dimensional Fund Advisors LP now owns 1,605,550 shares of the business services provider’s stock worth $130,363,000 after buying an additional 61,515 shares during the last quarter. Finally, River Road Asset Management LLC lifted its position in shares of TD SYNNEX by 8,059.6% during the 2nd quarter. River Road Asset Management LLC now owns 1,379,617 shares of the business services provider’s stock worth $125,683,000 after buying an additional 1,362,709 shares during the last quarter. 84.70% of the stock is currently owned by institutional investors.

Wall Street Analysts Forecast Growth

Several research firms recently issued reports on SNX. Credit Suisse Group boosted their price target on TD SYNNEX from $103.00 to $109.00 and gave the company a “neutral” rating in a research note on Wednesday, January 11th. JPMorgan Chase & Co. boosted their price target on TD SYNNEX from $117.00 to $125.00 and gave the company an “overweight” rating in a research note on Wednesday, January 11th. Raymond James reduced their price target on TD SYNNEX from $175.00 to $140.00 in a research note on Wednesday, September 28th. Barrington Research boosted their price target on TD SYNNEX from $98.00 to $130.00 and gave the company an “outperform” rating in a research note on Wednesday, January 11th. Finally, Stifel Nicolaus reduced their price target on TD SYNNEX from $125.00 to $120.00 in a research note on Tuesday, September 27th. Two investment analysts have rated the stock with a hold rating, six have issued a buy rating and one has assigned a strong buy rating to the stock. According to MarketBeat, the stock presently has a consensus rating of “Moderate Buy” and a consensus price target of $123.63.

TD SYNNEX Company Profile

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TD SYNNEX Corp. engages in the provision of a range of distribution, systems design, and integration solutions for the technology industry. The firm offers products from original equipment manufacturers as well as suppliers of technologies. It operates through the following geographical segments: Americas, Europe, and Asia-Pacific and Japan.