Natixis Advisors LLC Has $7.53 Million Holdings in TD SYNNEX Co. (NYSE:SNX)

Natixis Advisors LLC lessened its holdings in shares of TD SYNNEX Co. (NYSE:SNX) by 19.1% during the fourth quarter, Holdings Channel.com reports. The institutional investor owned 64,162 shares of the business services provider’s stock after selling 15,100 shares during the quarter. Natixis Advisors LLC’s holdings in TD SYNNEX were worth $7,525,000 as of its most recent filing with the Securities & Exchange Commission.

A number of other institutional investors have also recently bought and sold shares of the business. Arizona State Retirement System increased its position in TD SYNNEX by 0.4% during the fourth quarter. Arizona State Retirement System now owns 22,225 shares of the business services provider’s stock worth $2,607,000 after buying an additional 78 shares during the last quarter. CIBC Asset Management Inc increased its position in TD SYNNEX by 3.4% during the third quarter. CIBC Asset Management Inc now owns 2,609 shares of the business services provider’s stock worth $313,000 after buying an additional 86 shares during the last quarter. Amundi grew its position in shares of TD SYNNEX by 22.3% in the fourth quarter. Amundi now owns 560 shares of the business services provider’s stock valued at $66,000 after purchasing an additional 102 shares during the last quarter. Atria Investments Inc grew its position in shares of TD SYNNEX by 4.1% in the third quarter. Atria Investments Inc now owns 2,862 shares of the business services provider’s stock valued at $344,000 after purchasing an additional 112 shares during the last quarter. Finally, Highland Capital Management LLC grew its position in shares of TD SYNNEX by 6.5% in the fourth 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 last quarter. Institutional investors and hedge funds own 84.00% of the company’s stock.

Insiders Place Their Bets

In other TD SYNNEX news, CFO Marshall Witt sold 1,510 shares of the company’s stock in a transaction on Tuesday, March 18th. The stock was sold at an average price of $128.08, for a total transaction of $193,400.80. Following the completion of the sale, the chief financial officer now directly owns 49,843 shares in the company, valued at $6,383,891.44. This represents a 2.94 % decrease in their ownership of the stock. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is available at the SEC website. Also, CEO Patrick Zammit sold 6,823 shares of the company’s stock in a transaction on Thursday, January 30th. The stock was sold at an average price of $143.00, for a total value of $975,689.00. Following the sale, the chief executive officer now owns 165,604 shares of the company’s stock, valued at $23,681,372. The trade was a 3.96 % decrease in their ownership of the stock. The disclosure for this sale can be found here. Insiders sold 49,172 shares of company stock worth $6,353,261 over the last three months. Insiders own 1.00% of the company’s stock.

Analyst Ratings Changes

SNX has been the topic of several research reports. 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. 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. StockNews.com raised TD SYNNEX from a “hold” rating to a “buy” rating in a research report on Tuesday. Royal Bank of Canada boosted their price target on TD SYNNEX from $140.00 to $165.00 and gave the company an “outperform” rating in a research note on Friday, February 21st. Finally, Barclays boosted their price target on TD SYNNEX from $132.00 to $148.00 and gave the company an “equal weight” rating in a research note on Monday, January 13th. Two equities research 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 $149.75.

TD SYNNEX Stock Down 1.9 %

NYSE SNX opened at $129.51 on Friday. The business has a fifty day moving average price of $137.49 and a two-hundred day moving average price of $125.29. The company has a debt-to-equity ratio of 0.46, a current ratio of 1.24 and a quick ratio of 0.76. TD SYNNEX Co. has a fifty-two week low of $104.40 and a fifty-two week high of $145.10. The stock has a market capitalization of $10.93 billion, a PE ratio of 16.27, a PEG ratio of 1.06 and a beta of 1.51.

TD SYNNEX Increases Dividend

The firm also recently announced 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 a boost 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 presently 22.11%.

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.