Public Employees Retirement System of Ohio Grows Stock Holdings in TD SYNNEX Corporation $SNX

Public Employees Retirement System of Ohio raised its position in shares of TD SYNNEX Corporation (NYSE:SNX) by 4.8% in the 2nd quarter, according to the company in its most recent disclosure with the Securities & Exchange Commission. The firm owned 26,176 shares of the business services provider’s stock after buying an additional 1,198 shares during the period. Public Employees Retirement System of Ohio’s holdings in TD SYNNEX were worth $3,552,000 as of its most recent filing with the Securities & Exchange Commission.

Several other hedge funds and other institutional investors have also modified their holdings of the company. Crossmark Global Holdings Inc. raised its stake in shares of TD SYNNEX by 1.6% in the first quarter. Crossmark Global Holdings Inc. now owns 6,063 shares of the business services provider’s stock valued at $630,000 after acquiring an additional 94 shares in the last quarter. State of Michigan Retirement System raised its stake in shares of TD SYNNEX by 0.6% in the first quarter. State of Michigan Retirement System now owns 18,021 shares of the business services provider’s stock valued at $1,873,000 after acquiring an additional 100 shares in the last quarter. Louisiana State Employees Retirement System raised its stake in shares of TD SYNNEX by 0.5% in the first quarter. Louisiana State Employees Retirement System now owns 21,100 shares of the business services provider’s stock valued at $2,194,000 after acquiring an additional 100 shares in the last quarter. GAMMA Investing LLC raised its stake in shares of TD SYNNEX by 16.8% in the first quarter. GAMMA Investing LLC now owns 750 shares of the business services provider’s stock valued at $78,000 after acquiring an additional 108 shares in the last quarter. Finally, Smartleaf Asset Management LLC raised its stake in shares of TD SYNNEX by 19.1% in the first quarter. Smartleaf Asset Management LLC now owns 724 shares of the business services provider’s stock valued at $76,000 after acquiring an additional 116 shares in the last quarter. 84.00% of the stock is currently owned by hedge funds and other institutional investors.

Wall Street Analysts Forecast Growth

A number of analysts have weighed in on the company. Morgan Stanley raised their price target on TD SYNNEX from $173.00 to $181.00 and gave the company an “overweight” rating in a research note on Friday. Bank of America raised their price target on TD SYNNEX from $170.00 to $180.00 and gave the company a “buy” rating in a research note on Friday, September 26th. Wall Street Zen upgraded TD SYNNEX from a “hold” rating to a “buy” rating in a research note on Saturday, August 16th. Raymond James Financial set a $175.00 price target on TD SYNNEX in a research note on Thursday, September 25th. Finally, Barclays raised their price target on TD SYNNEX from $140.00 to $164.00 and gave the company an “equal weight” rating in a research note on Friday, September 26th. Eight analysts have rated the stock with a Buy rating and two have given a Hold rating to the company. Based on data from MarketBeat, the company currently has an average rating of “Moderate Buy” and an average target price of $169.55.

Insider Activity at TD SYNNEX

In related news, insider Alim Dhanji sold 1,257 shares of the business’s stock in a transaction dated Tuesday, July 22nd. The stock was sold at an average price of $142.41, for a total value of $179,009.37. Following the transaction, the insider owned 10,984 shares in the company, valued at $1,564,231.44. The trade was a 10.27% decrease in their position. The sale was disclosed in a legal filing with the SEC, which is available at the SEC website. Also, Director Ann F. Vezina sold 812 shares of the business’s stock in a transaction dated Wednesday, August 13th. The shares were sold at an average price of $150.42, for a total value of $122,141.04. Following the completion of the transaction, the director owned 6,079 shares in the company, valued at $914,403.18. This trade represents a 11.78% decrease in their position. The disclosure for this sale can be found here. Insiders have sold 2,930 shares of company stock worth $430,163 in the last quarter. Company insiders own 1.00% of the company’s stock.

TD SYNNEX Stock Down 1.4%

SNX opened at $163.67 on Wednesday. The business’s 50-day simple moving average is $149.26 and its 200-day simple moving average is $131.28. The company has a debt-to-equity ratio of 0.36, a quick ratio of 0.71 and a current ratio of 1.20. TD SYNNEX Corporation has a one year low of $92.23 and a one year high of $167.76. The stock has a market capitalization of $13.50 billion, a P/E ratio of 17.75, a price-to-earnings-growth ratio of 1.35 and a beta of 1.35.

TD SYNNEX Dividend Announcement

The business also recently declared a quarterly dividend, which will be paid on Friday, October 31st. Investors of record on Friday, October 17th will be given a $0.44 dividend. This represents a $1.76 annualized dividend and a yield of 1.1%. The ex-dividend date is Friday, October 17th. TD SYNNEX’s payout ratio is 19.09%.

TD SYNNEX 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.