1,773 Shares in TD SYNNEX Corporation $SNX Purchased by KG&L Capital Management LLC

KG&L Capital Management LLC acquired a new position in TD SYNNEX Corporation (NYSE:SNX) during the second quarter, according to the company in its most recent 13F filing with the Securities & Exchange Commission. The institutional investor acquired 1,773 shares of the business services provider’s stock, valued at approximately $241,000.

Several other large investors have also recently made changes to their positions in the business. Crossmark Global Holdings Inc. grew its stake in shares of TD SYNNEX by 1.6% in the 1st quarter. Crossmark Global Holdings Inc. now owns 6,063 shares of the business services provider’s stock worth $630,000 after buying an additional 94 shares during the last quarter. State of Michigan Retirement System grew 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 worth $1,873,000 after acquiring an additional 100 shares during the last quarter. Louisiana State Employees Retirement System increased its holdings in shares of TD SYNNEX by 0.5% during 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 position in shares of TD SYNNEX by 16.8% in the 1st quarter. GAMMA Investing LLC now owns 750 shares of the business services provider’s stock worth $78,000 after purchasing an additional 108 shares during the last quarter. Finally, Smartleaf Asset Management LLC boosted its stake in TD SYNNEX by 19.1% in the 1st quarter. Smartleaf Asset Management LLC now owns 724 shares of the business services provider’s stock worth $76,000 after purchasing an additional 116 shares in the last quarter. 84.00% of the stock is currently owned by hedge funds and other institutional investors.

Insider Activity at TD SYNNEX

In other news, Director Ann F. Vezina sold 812 shares of the company’s stock in a transaction on Wednesday, August 13th. The stock was sold at an average price of $150.42, for a total value of $122,141.04. Following the completion of the sale, the director directly owned 6,079 shares in the company, valued at $914,403.18. This represents a 11.78% decrease in their position. The transaction was disclosed in a document filed with the SEC, which is available at this link. Also, insider Alim Dhanji sold 1,257 shares of the firm’s stock in a transaction on Tuesday, July 22nd. The stock was sold at an average price of $142.41, for a total value of $179,009.37. Following the completion of the transaction, the insider directly owned 10,984 shares in the company, valued at approximately $1,564,231.44. This represents a 10.27% decrease in their ownership of the stock. The disclosure for this sale can be found here. Over the last ninety days, insiders sold 2,930 shares of company stock worth $430,163. 1.00% of the stock is owned by company insiders.

TD SYNNEX Stock Up 3.1%

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

TD SYNNEX Announces Dividend

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

Analyst Upgrades and Downgrades

A number of research firms have weighed in on SNX. Raymond James Financial set a $175.00 price objective on shares of TD SYNNEX in a research note on Thursday. The Goldman Sachs Group boosted their price objective on shares of TD SYNNEX from $145.00 to $164.00 and gave the stock a “buy” rating in a report on Thursday. Barrington Research reaffirmed an “outperform” rating and issued a $156.00 price objective on shares of TD SYNNEX in a research report on Tuesday, September 23rd. Bank of America lifted their target price on TD SYNNEX from $170.00 to $180.00 and gave the stock a “buy” rating in a report on Friday. Finally, Wall Street Zen raised TD SYNNEX from a “hold” rating to a “buy” rating in a report on Saturday, August 16th. Eight analysts have rated the stock with a Buy rating and two have given a Hold rating to the stock. According to data from MarketBeat, TD SYNNEX currently has an average rating of “Moderate Buy” and a consensus target price of $162.73.

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.