TD SYNNEX Co. (NYSE:SNX) Shares Bought by Globeflex Capital L P

15 Mar 2025, 07:34 by Renee Jackson · The Cerbat Gem

Globeflex Capital L P increased its stake in TD SYNNEX Co. (NYSE:SNX – Free Report) by 188.5% in the fourth quarter, Holdings Channel.com reports. The institutional investor owned 130,661 shares of the business services provider’s stock after purchasing an additional 85,367 shares during the quarter. TD SYNNEX comprises about 1.3% of Globeflex Capital L P’s holdings, making the stock its 16th largest position. Globeflex Capital L P’s holdings in TD SYNNEX were worth $15,324,000 at the end of the most recent reporting period.

A number of other large investors have also modified their holdings of the stock. Hilton Capital Management LLC grew its stake in shares of TD SYNNEX by 4.5% in the fourth quarter. Hilton Capital Management LLC now owns 13,999 shares of the business services provider’s stock valued at $1,642,000 after buying an additional 608 shares in the last quarter. Commonwealth Equity Services LLC grew its stake in shares of TD SYNNEX by 30.4% in the fourth quarter. Commonwealth Equity Services LLC now owns 3,961 shares of the business services provider’s stock valued at $465,000 after buying an additional 923 shares in the last quarter. Thompson Siegel & Walmsley LLC grew its stake in shares of TD SYNNEX by 6.2% in the fourth quarter. Thompson Siegel & Walmsley LLC now owns 555,888 shares of the business services provider’s stock valued at $65,195,000 after buying an additional 32,249 shares in the last quarter. Telemark Asset Management LLC acquired a new stake in shares of TD SYNNEX in the fourth quarter valued at about $5,864,000. Finally, Vestcor Inc grew its stake in shares of TD SYNNEX by 75.2% in the fourth quarter. Vestcor Inc now owns 6,751 shares of the business services provider’s stock valued at $792,000 after buying an additional 2,897 shares in the last quarter. Institutional investors and hedge funds own 84.00% of the company’s stock.

Insider Transactions at TD SYNNEX

In related news, Director Ann F. Vezina sold 839 shares of the firm’s stock in a transaction that occurred on Thursday, January 16th. The stock was sold at an average price of $136.08, for a total value of $114,171.12. Following the sale, the director now directly owns 4,856 shares in the company, valued at $660,804.48. This trade represents a 14.73 % decrease in their position. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is available through this hyperlink. Also, Director Richard T. Hume sold 20,000 shares of the firm’s stock in a transaction that occurred on Friday, January 3rd. The shares were sold at an average price of $117.62, for a total value of $2,352,400.00. Following the completion of the sale, the director now owns 111,080 shares in the company, valued at approximately $13,065,229.60. This represents a 15.26 % decrease in their ownership of the stock. The disclosure for this sale can be found here. In the last ninety days, insiders have sold 49,172 shares of company stock worth $6,342,766. 1.00% of the stock is currently owned by company insiders.

TD SYNNEX Stock Up 1.6 %

Shares of TD SYNNEX stock opened at $127.21 on Friday. The company has a current ratio of 1.24, a quick ratio of 0.76 and a debt-to-equity ratio of 0.46. The business’s 50 day simple moving average is $136.81 and its 200-day simple moving average is $125.07. The stock has a market capitalization of $10.73 billion, a price-to-earnings ratio of 15.98, a PEG ratio of 1.06 and a beta of 1.51. TD SYNNEX Co. has a twelve month low of $102.23 and a twelve month high of $145.10.

TD SYNNEX Increases Dividend

The business also recently declared a quarterly dividend, which was paid on Friday, January 31st. Stockholders of record on Friday, January 24th were given a dividend of $0.44 per share. This represents a $1.76 dividend on an annualized basis and a dividend yield of 1.38%. This is a boost from TD SYNNEX’s previous quarterly dividend of $0.40. The ex-dividend date of this dividend was Friday, January 24th. TD SYNNEX’s dividend payout ratio is presently 22.11%.

Analyst Upgrades and Downgrades

SNX has been the subject of a number of analyst reports. Royal Bank of Canada increased their price target on TD SYNNEX from $140.00 to $165.00 and gave the company an “outperform” rating in a report on Friday, February 21st. Cfra raised TD SYNNEX from a “hold” rating to a “buy” rating and increased their price target for the company from $122.00 to $147.00 in a report on Friday, January 10th. StockNews.com downgraded TD SYNNEX from a “buy” rating to a “hold” rating in a report on Tuesday, February 25th. Barclays increased their price target on TD SYNNEX from $132.00 to $148.00 and gave the company an “equal weight” rating in a report on Monday, January 13th. Finally, JPMorgan Chase & Co. increased their price target on TD SYNNEX from $135.00 to $150.00 and gave the company a “neutral” rating in a report on Monday, January 13th. Three analysts have rated the stock with a hold rating and six have issued a buy rating to the company. Based on data from MarketBeat.com, the company currently has an average rating of “Moderate Buy” and a consensus price target of $147.50.

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