Richard T. Hume Sells 20,000 Shares of TD SYNNEX Co. (NYSE:SNX) Stock

TD SYNNEX Co. (NYSE:SNX) Director Richard T. Hume sold 20,000 shares of the business’s stock in a transaction on Friday, January 3rd. The shares were sold at an average price of $117.62, for a total transaction of $2,352,400.00. Following the completion of the sale, the director now directly owns 111,080 shares in the company, valued at $13,065,229.60. This trade represents a 15.26 % decrease in their position. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is accessible through the SEC website.

TD SYNNEX Trading Up 0.3 %

Shares of TD SYNNEX stock traded up $0.31 on Monday, hitting $118.24. 462,183 shares of the company traded hands, compared to its average volume of 456,728. The company has a current ratio of 1.25, a quick ratio of 0.77 and a debt-to-equity ratio of 0.46. TD SYNNEX Co. has a 52 week low of $98.70 and a 52 week high of $133.85. The stock’s 50 day moving average price is $119.63 and its 200-day moving average price is $117.93. The company has a market cap of $10.06 billion, a PE ratio of 15.30, a PEG ratio of 1.14 and a beta of 1.46.

Wall Street Analysts Forecast Growth

Several brokerages have recently commented on SNX. Barrington Research reiterated an “outperform” rating and set a $138.00 price target on shares of TD SYNNEX in a research report on Monday, September 23rd. Loop Capital reaffirmed a “buy” rating and set a $150.00 target price on shares of TD SYNNEX in a report on Monday, October 7th. Barclays increased their price target on TD SYNNEX from $131.00 to $132.00 and gave the company an “equal weight” rating in a research note on Friday, September 27th. StockNews.com cut TD SYNNEX from a “buy” rating to a “hold” rating in a research note on Wednesday, December 18th. Finally, Royal Bank of Canada restated an “outperform” rating and issued a $140.00 target price on shares of TD SYNNEX in a research note on Friday, September 27th. Four investment analysts have rated the stock with a hold rating and five have issued a buy rating to the company’s stock. Based on data from MarketBeat, TD SYNNEX currently has an average rating of “Moderate Buy” and an average target price of $134.75.

Hedge Funds Weigh In On TD SYNNEX

Several hedge funds have recently made changes to their positions in SNX. Hancock Whitney Corp grew its position in shares of TD SYNNEX by 57.9% in the second quarter. Hancock Whitney Corp now owns 16,929 shares of the business services provider’s stock valued at $1,954,000 after purchasing an additional 6,207 shares during the period. ClariVest Asset Management LLC boosted its stake in shares of TD SYNNEX by 45,552.8% in the 2nd quarter. ClariVest Asset Management LLC now owns 16,435 shares of the business services provider’s stock valued at $1,897,000 after buying an additional 16,399 shares during the period. Pathstone Holdings LLC lifted its position in shares of TD SYNNEX by 45.2% during the 3rd quarter. Pathstone Holdings LLC now owns 18,300 shares of the business services provider’s stock worth $2,197,000 after purchasing an additional 5,698 shares during the last quarter. Intech Investment Management LLC purchased a new position in shares of TD SYNNEX in the 2nd quarter valued at about $1,634,000. Finally, Meeder Asset Management Inc. boosted its holdings in shares of TD SYNNEX by 4,293.7% in the 2nd quarter. Meeder Asset Management Inc. now owns 13,840 shares of the business services provider’s stock valued at $1,597,000 after buying an additional 13,525 shares in the last quarter. 84.00% of the stock is owned by institutional investors and hedge funds.

About TD SYNNEX

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.