Merline Saintil Sells 167 Shares of TD SYNNEX (NYSE:SNX) Stock

TD SYNNEX Corporation (NYSE:SNX) Director Merline Saintil sold 167 shares of the business’s stock in a transaction on Wednesday, March 4th. The shares were sold at an average price of $157.75, for a total transaction of $26,344.25. Following the sale, the director directly owned 6,995 shares of the company’s stock, valued at $1,103,461.25. This represents a 2.33% decrease in their ownership of the stock. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is accessible through this link.

TD SYNNEX Trading Down 0.9%

SNX stock opened at $156.57 on Friday. The company has a quick ratio of 0.75, a current ratio of 1.21 and a debt-to-equity ratio of 0.43. The company has a market cap of $12.62 billion, a price-to-earnings ratio of 15.70, a PEG ratio of 1.14 and a beta of 1.37. The business has a fifty day simple moving average of $157.03 and a 200-day simple moving average of $154.19. TD SYNNEX Corporation has a 52 week low of $92.23 and a 52 week high of $175.56.

TD SYNNEX (NYSE:SNX) last issued its earnings results on Thursday, January 8th. The business services provider reported $3.83 earnings per share for the quarter, beating analysts’ consensus estimates of $3.68 by $0.15. The firm had revenue of $17.38 billion for the quarter, compared to analysts’ expectations of $15.46 billion. TD SYNNEX had a return on equity of 12.60% and a net margin of 1.32%.The firm’s revenue for the quarter was up 9.7% compared to the same quarter last year. During the same quarter last year, the firm earned $3.09 earnings per share. TD SYNNEX has set its Q1 2026 guidance at 3.000-3.500 EPS. On average, equities research analysts expect that TD SYNNEX Corporation will post 11.88 EPS for the current year.

TD SYNNEX Increases Dividend

The company also recently announced a quarterly dividend, which was paid on Friday, January 30th. Stockholders of record on Friday, January 16th were issued a dividend of $0.48 per share. This represents a $1.92 dividend on an annualized basis and a dividend yield of 1.2%. The ex-dividend date was Friday, January 16th. This is an increase from TD SYNNEX’s previous quarterly dividend of $0.44. TD SYNNEX’s dividend payout ratio (DPR) is presently 19.26%.

Hedge Funds Weigh In On TD SYNNEX

Institutional investors and hedge funds have recently added to or reduced their stakes in the company. Parcion Private Wealth LLC increased its position in shares of TD SYNNEX by 0.4% during the third quarter. Parcion Private Wealth LLC now owns 15,189 shares of the business services provider’s stock worth $2,487,000 after acquiring an additional 68 shares during the last quarter. Cornerstone Wealth Management LLC boosted its holdings in TD SYNNEX by 3.8% in the third quarter. Cornerstone Wealth Management LLC now owns 1,895 shares of the business services provider’s stock valued at $310,000 after purchasing an additional 69 shares during the last quarter. Ashton Thomas Private Wealth LLC boosted its holdings in TD SYNNEX by 3.5% in the fourth quarter. Ashton Thomas Private Wealth LLC now owns 2,107 shares of the business services provider’s stock valued at $317,000 after purchasing an additional 71 shares during the last quarter. Quadrant Capital Group LLC grew its stake in TD SYNNEX by 1.0% during the 4th quarter. Quadrant Capital Group LLC now owns 7,588 shares of the business services provider’s stock valued at $1,140,000 after purchasing an additional 73 shares in the last quarter. Finally, Jones Financial Companies Lllp increased its holdings in TD SYNNEX by 10.6% during the 3rd quarter. Jones Financial Companies Lllp now owns 775 shares of the business services provider’s stock worth $127,000 after purchasing an additional 74 shares during the last quarter. 84.00% of the stock is owned by hedge funds and other institutional investors.

Analyst Upgrades and Downgrades

Several research analysts recently commented on SNX shares. The Goldman Sachs Group initiated coverage on shares of TD SYNNEX in a report on Tuesday, January 13th. They issued a “buy” rating and a $180.00 price target on the stock. Royal Bank Of Canada reiterated an “outperform” rating on shares of TD SYNNEX in a research note on Monday, December 22nd. Wall Street Zen raised shares of TD SYNNEX from a “hold” rating to a “buy” rating in a research note on Saturday, February 21st. Weiss Ratings restated a “buy (b-)” rating on shares of TD SYNNEX in a report on Wednesday, January 21st. Finally, Barclays decreased their price target on shares of TD SYNNEX from $164.00 to $163.00 and set an “equal weight” rating for the company in a research report on Friday, January 9th. Nine investment analysts have rated the stock with a Buy rating and three have given a Hold rating to the stock. Based on data from MarketBeat.com, the stock has an average rating of “Moderate Buy” and an average target price of $170.64.

About TD SYNNEX

TD SYNNEX (NYSE: SNX) is a leading global distributor and solutions aggregator for the information technology industry. Formed in September 2021 through the merger of Tech Data and SYNNEX Corporation, the company provides a comprehensive range of products, services and solutions that span hardware, software, cloud, mobility, security and data center technologies. TD SYNNEX partners with vendors, resellers and system integrators to design, deploy and support IT infrastructures across diverse market segments, including commercial enterprises, public sector organizations and retail operations.

The company’s core business activities include the distribution of technology products from manufacturers such as servers, storage, networking equipment and peripherals, as well as the resale and provisioning of software licenses and cloud-based solutions.