Texas Permanent School Fund Has $2.46 Million Stock Position in TD SYNNEX Co. (NYSE:SNX)

Texas Permanent School Fund increased its stake in TD SYNNEX Co. (NYSE:SNXGet Rating) by 1.5% during the third quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission (SEC). The firm owned 30,333 shares of the business services provider’s stock after acquiring an additional 449 shares during the quarter. Texas Permanent School Fund’s holdings in TD SYNNEX were worth $2,463,000 at the end of the most recent reporting period.

A number of other hedge funds and other institutional investors also recently made changes to their positions in SNX. Raymond James Financial Services Advisors Inc. lifted its stake in TD SYNNEX by 2.9% in the third quarter. Raymond James Financial Services Advisors Inc. now owns 103,944 shares of the business services provider’s stock valued at $8,439,000 after buying an additional 2,955 shares during the period. Ronald Blue Trust Inc. lifted its stake in TD SYNNEX by 143.8% in the third quarter. Ronald Blue Trust Inc. now owns 295 shares of the business services provider’s stock valued at $27,000 after buying an additional 174 shares during the period. Louisiana State Employees Retirement System acquired a new position in TD SYNNEX in the third quarter valued at approximately $909,000. Cambridge Investment Research Advisors Inc. acquired a new position in TD SYNNEX in the third quarter valued at approximately $287,000. Finally, Unison Advisors LLC lifted its stake in TD SYNNEX by 31.6% in the third quarter. Unison Advisors LLC now owns 3,907 shares of the business services provider’s stock valued at $317,000 after buying an additional 939 shares during the period. 84.70% of the stock is owned by institutional investors and hedge funds.

Insiders Place Their Bets

In other TD SYNNEX news, CFO Marshall Witt sold 609 shares of TD SYNNEX stock in a transaction dated Tuesday, November 15th. The shares were sold at an average price of $102.10, for a total value of $62,178.90. Following the sale, the chief financial officer now owns 51,789 shares of the company’s stock, valued at $5,287,656.90. The sale was disclosed in a legal filing with the SEC, which is accessible through this hyperlink. In other news, insider Dennis Polk sold 8,000 shares of the business’s stock in a transaction that occurred on Wednesday, October 26th. The shares were sold at an average price of $90.00, for a total value of $720,000.00. Following the sale, the insider now owns 155,148 shares of the company’s stock, valued at $13,963,320. The transaction was disclosed in a legal filing with the SEC, which is accessible through the SEC website. Also, CFO Marshall Witt sold 609 shares of the business’s stock in a transaction that occurred on Tuesday, November 15th. The shares were sold at an average price of $102.10, for a total transaction of $62,178.90. Following the completion of the sale, the chief financial officer now directly owns 51,789 shares in the company, valued at approximately $5,287,656.90. The disclosure for this sale can be found here. Over the last 90 days, insiders have sold 27,933 shares of company stock valued at $2,660,424. Company insiders own 1.60% of the company’s stock.

TD SYNNEX Stock Performance

Shares of SNX stock opened at $99.27 on Monday. The firm has a market cap of $9.49 billion, a price-to-earnings ratio of 17.39, a P/E/G ratio of 0.88 and a beta of 1.58. The company has a debt-to-equity ratio of 0.50, a quick ratio of 0.64 and a current ratio of 1.25. TD SYNNEX Co. has a 52 week low of $78.86 and a 52 week high of $115.31. The firm’s 50-day simple moving average is $97.26 and its two-hundred day simple moving average is $94.68.

Wall Street Analyst Weigh In

Several equities analysts have issued reports on SNX shares. Credit Suisse Group dropped their price target on TD SYNNEX from $110.00 to $103.00 and set a “neutral” rating on the stock in a research note on Tuesday, September 27th. Stifel Nicolaus decreased their price objective on TD SYNNEX from $125.00 to $120.00 in a report on Tuesday, September 27th. Raymond James decreased their price objective on TD SYNNEX from $175.00 to $140.00 in a report on Wednesday, September 28th. TheStreet downgraded TD SYNNEX from a “b-” rating to a “c+” rating in a report on Friday, September 23rd. Finally, Barrington Research decreased their price objective on TD SYNNEX from $106.00 to $98.00 in a report on Wednesday, September 28th. Three equities research analysts have rated the stock with a hold rating, six have issued a buy rating and one has given a strong buy rating to the company’s stock. According to data from MarketBeat.com, TD SYNNEX has a consensus rating of “Moderate Buy” and an average price target of $124.40.

About TD SYNNEX

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TD SYNNEX Corporation provides business process services in the United States and internationally. The company distributes PC systems, mobile phones and accessories, printers, peripherals, supplies, endpoint technology software, consumer electronics, information technology (IT) systems including data center server and storage solutions, system components, software, networking, communications and security equipment, consumer electronics, and complementary products.

Further Reading

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Institutional Ownership by Quarter for TD SYNNEX (NYSE:SNX)

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