Farther Finance Advisors LLC Purchases 129 Shares of TD SYNNEX Corporation $SNX

Farther Finance Advisors LLC boosted its position in shares of TD SYNNEX Corporation (NYSE:SNX) by 4.7% during the 2nd quarter, according to its most recent 13F filing with the Securities and Exchange Commission. The fund owned 2,880 shares of the business services provider’s stock after purchasing an additional 129 shares during the period. Farther Finance Advisors LLC’s holdings in TD SYNNEX were worth $391,000 as of its most recent SEC filing.

Several other institutional investors have also added to or reduced their stakes in the company. CX Institutional boosted its position in shares of TD SYNNEX by 28.9% during the second quarter. CX Institutional now owns 15,434 shares of the business services provider’s stock valued at $2,094,000 after buying an additional 3,457 shares during the period. Assenagon Asset Management S.A. boosted its holdings in TD SYNNEX by 17.6% during the 2nd quarter. Assenagon Asset Management S.A. now owns 21,474 shares of the business services provider’s stock valued at $2,914,000 after acquiring an additional 3,221 shares during the period. Delphi Management Inc. MA boosted its holdings in TD SYNNEX by 1.7% during the 2nd quarter. Delphi Management Inc. MA now owns 10,812 shares of the business services provider’s stock valued at $1,467,000 after acquiring an additional 183 shares during the period. Voya Investment Management LLC increased its stake in TD SYNNEX by 27.4% in the first quarter. Voya Investment Management LLC now owns 33,490 shares of the business services provider’s stock worth $3,482,000 after purchasing an additional 7,212 shares during the period. Finally, Strs Ohio bought a new stake in shares of TD SYNNEX during the first quarter worth $1,913,000. Institutional investors own 84.00% of the company’s stock.

Insider Transactions at TD SYNNEX

In related news, Director Ann F. Vezina sold 812 shares of the business’s stock in a transaction that occurred on Wednesday, August 13th. The shares were sold at an average price of $150.42, for a total transaction of $122,141.04. Following the completion of the transaction, the director owned 6,079 shares in the company, valued at $914,403.18. The trade was a 11.78% decrease in their position. The transaction was disclosed in a legal filing with the SEC, which is available through this link. Also, CFO Marshall Witt sold 861 shares of the stock in a transaction that occurred on Wednesday, September 17th. The shares were sold at an average price of $149.84, for a total transaction of $129,012.24. Following the sale, the chief financial officer directly owned 49,777 shares of the company’s stock, valued at $7,458,585.68. The trade was a 1.70% decrease in their position. The disclosure for this sale can be found here. Insiders have sold a total of 2,930 shares of company stock valued at $430,163 in the last 90 days. Insiders own 1.00% of the company’s stock.

TD SYNNEX Trading Up 3.1%

SNX opened at $164.62 on Monday. The company has a current ratio of 1.20, a quick ratio of 0.71 and a debt-to-equity ratio of 0.36. The firm has a market cap of $13.58 billion, a price-to-earnings ratio of 17.85, a PEG ratio of 1.34 and a beta of 1.35. TD SYNNEX Corporation has a 12 month low of $92.23 and a 12 month high of $164.73. The stock has a fifty day moving average price of $148.40 and a 200-day moving average price of $130.79.

TD SYNNEX Dividend Announcement

The company also recently declared a quarterly dividend, which will be paid on Friday, October 31st. Stockholders of record on Friday, October 17th will be issued a $0.44 dividend. This represents a $1.76 dividend on an annualized basis and a dividend yield of 1.1%. The ex-dividend date is Friday, October 17th. TD SYNNEX’s dividend payout ratio (DPR) is currently 19.09%.

Analyst Upgrades and Downgrades

A number of research analysts have recently commented on the stock. Loop Capital upped their price target on shares of TD SYNNEX from $150.00 to $160.00 and gave the stock a “buy” rating in a report on Monday, June 30th. Morgan Stanley boosted their price objective on shares of TD SYNNEX from $173.00 to $181.00 and gave the company an “overweight” rating in a research report on Friday. Barclays raised their target price on shares of TD SYNNEX from $140.00 to $164.00 and gave the stock an “equal weight” rating in a research report on Friday. Wall Street Zen upgraded TD SYNNEX from a “hold” rating to a “buy” rating in a report on Saturday, August 16th. Finally, Royal Bank Of Canada increased their price objective on TD SYNNEX from $165.00 to $180.00 and gave the stock an “outperform” rating in a research note on Friday. Eight equities research analysts have rated the stock with a Buy rating and two have issued a Hold rating to the stock. According to data from MarketBeat.com, the stock presently has a consensus rating of “Moderate Buy” and an average price target of $162.73.

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.