TD SYNNEX (NYSE:SNX) Given New $182.00 Price Target at Barrington Research

TD SYNNEX (NYSE:SNX) had its price target increased by Barrington Research from $156.00 to $182.00 in a research note published on Monday, MarketBeat.com reports. The brokerage currently has an outperform rating on the business services provider’s stock.

A number of other equities research analysts have also weighed in on SNX. The Goldman Sachs Group boosted their target price on TD SYNNEX from $145.00 to $164.00 and gave the company a “buy” rating in a research note on Thursday, September 25th. Raymond James Financial set a $175.00 price objective on TD SYNNEX in a research note on Thursday, September 25th. UBS Group lifted their target price on shares of TD SYNNEX from $154.00 to $187.00 and gave the stock a “buy” rating in a research note on Monday. Bank of America upped their price target on shares of TD SYNNEX from $170.00 to $180.00 and gave the company a “buy” rating in a report on Friday, September 26th. Finally, JPMorgan Chase & Co. raised their price target on shares of TD SYNNEX from $143.00 to $160.00 and gave the stock a “neutral” rating in a report on Thursday, July 17th. Eight analysts have rated the stock with a Buy rating and two have issued a Hold rating to the company’s stock. According to MarketBeat, the company currently has a consensus rating of “Moderate Buy” and a consensus target price of $169.55.

TD SYNNEX Price Performance

Shares of NYSE:SNX opened at $164.40 on Monday. The company has a quick ratio of 0.71, a current ratio of 1.20 and a debt-to-equity ratio of 0.36. The stock has a market cap of $13.56 billion, a PE ratio of 17.83, a PEG ratio of 1.33 and a beta of 1.43. The company’s fifty day moving average is $149.64 and its 200 day moving average is $131.51. TD SYNNEX has a 52 week low of $92.23 and a 52 week high of $167.76.

TD SYNNEX Announces Dividend

The company also recently announced a quarterly dividend, which will be paid on Friday, October 31st. Shareholders of record on Friday, October 17th will be issued a dividend of $0.44 per share. The ex-dividend date 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 is 19.09%.

Insider Transactions at TD SYNNEX

In other TD SYNNEX news, Director Ann F. Vezina sold 812 shares of the 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 transaction, the director owned 6,079 shares in the company, valued at approximately $914,403.18. This represents a 11.78% decrease in their ownership of the stock. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which can be accessed through this link. Also, insider Alim Dhanji sold 1,257 shares of the business’s stock in a transaction on Tuesday, July 22nd. The shares were sold at an average price of $142.41, for a total transaction of $179,009.37. Following the sale, the insider owned 10,984 shares in the company, valued at approximately $1,564,231.44. This trade represents a 10.27% decrease in their position. The disclosure for this sale can be found here. In the last quarter, insiders sold 2,930 shares of company stock valued at $430,163. Corporate insiders own 1.00% of the company’s stock.

Institutional Investors Weigh In On TD SYNNEX

Hedge funds have recently bought and sold shares of the business. Vanguard Group Inc. increased its stake in shares of TD SYNNEX by 10.1% during the second quarter. Vanguard Group Inc. now owns 8,248,639 shares of the business services provider’s stock valued at $1,119,340,000 after purchasing an additional 759,022 shares in the last quarter. JPMorgan Chase & Co. grew its stake in shares of TD SYNNEX by 8.5% in the 2nd quarter. JPMorgan Chase & Co. now owns 4,230,059 shares of the business services provider’s stock worth $574,019,000 after buying an additional 330,085 shares during the last quarter. Ninety One UK Ltd increased its position in TD SYNNEX by 15.0% during the 2nd quarter. Ninety One UK Ltd now owns 2,949,709 shares of the business services provider’s stock valued at $400,275,000 after buying an additional 384,518 shares in the last quarter. Abrams Bison Investments LLC raised its stake in TD SYNNEX by 19.4% during the first quarter. Abrams Bison Investments LLC now owns 2,683,000 shares of the business services provider’s stock valued at $278,925,000 after buying an additional 435,000 shares during the last quarter. Finally, State Street Corp boosted its holdings in TD SYNNEX by 0.7% in the second quarter. State Street Corp now owns 2,363,709 shares of the business services provider’s stock worth $320,755,000 after acquiring an additional 15,400 shares in the last quarter. Institutional investors own 84.00% of the company’s stock.

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.