Ceredex Value Advisors LLC Has $43.25 Million Position in TD SYNNEX Corporation $SNX

Ceredex Value Advisors LLC cut its holdings in TD SYNNEX Corporation (NYSE:SNX) by 20.8% during the third quarter, according to the company in its most recent Form 13F filing with the SEC. The fund owned 264,100 shares of the business services provider’s stock after selling 69,250 shares during the quarter. Ceredex Value Advisors LLC owned about 0.32% of TD SYNNEX worth $43,246,000 as of its most recent SEC filing.

Other institutional investors and hedge funds also recently made changes to their positions in the company. Vanguard Group Inc. boosted its position in shares of TD SYNNEX by 10.1% in the 2nd quarter. Vanguard Group Inc. now owns 8,248,639 shares of the business services provider’s stock worth $1,119,340,000 after purchasing an additional 759,022 shares during the last quarter. JPMorgan Chase & Co. increased its holdings in TD SYNNEX by 8.5% in the second quarter. JPMorgan Chase & Co. now owns 4,230,059 shares of the business services provider’s stock valued at $574,019,000 after purchasing an additional 330,085 shares during the last quarter. State Street Corp lifted its stake 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 valued at $320,755,000 after buying an additional 15,400 shares during the period. Geode Capital Management LLC lifted its stake in TD SYNNEX by 0.8% in the second quarter. Geode Capital Management LLC now owns 1,391,880 shares of the business services provider’s stock valued at $188,908,000 after buying an additional 10,392 shares during the period. Finally, Metropolis Capital Ltd boosted its holdings in TD SYNNEX by 44.8% during the third quarter. Metropolis Capital Ltd now owns 1,228,603 shares of the business services provider’s stock worth $201,184,000 after buying an additional 379,904 shares during the last quarter. Institutional investors own 84.00% of the company’s stock.

Analysts Set New Price Targets

SNX has been the subject of a number of recent analyst reports. The Goldman Sachs Group initiated coverage on TD SYNNEX in a research note on Tuesday, January 13th. They issued a “buy” rating and a $180.00 price target for the company. Royal Bank Of Canada reissued an “outperform” rating on shares of TD SYNNEX in a research note on Monday, December 22nd. Barrington Research restated an “outperform” rating and set a $182.00 price objective on shares of TD SYNNEX in a report on Friday, January 9th. Zacks Research lowered shares of TD SYNNEX from a “strong-buy” rating to a “hold” rating in a report on Monday, December 15th. Finally, Weiss Ratings reissued a “buy (b-)” rating on shares of TD SYNNEX in a research report on Wednesday, January 21st. Nine analysts have rated the stock with a Buy rating and three have given a Hold rating to the company. According to MarketBeat, TD SYNNEX presently has an average rating of “Moderate Buy” and a consensus target price of $170.64.

Insider Activity

In related news, Director Richard T. Hume sold 23,365 shares of the stock in a transaction on Monday, February 2nd. The stock was sold at an average price of $160.63, for a total value of $3,753,119.95. Following the sale, the director owned 42,515 shares in the company, valued at approximately $6,829,184.45. This represents a 35.47% decrease in their position. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is accessible through the SEC website. Also, Director Merline Saintil sold 167 shares of the firm’s stock in a transaction on Wednesday, March 4th. The shares were sold at an average price of $157.75, for a total value 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 position. The SEC filing for this sale provides additional information. Insiders sold a total of 80,915 shares of company stock valued at $13,111,786 over the last three months. Insiders own 0.70% of the company’s stock.

TD SYNNEX Price Performance

Shares of SNX opened at $155.71 on Tuesday. The company has a current ratio of 1.21, a quick ratio of 0.75 and a debt-to-equity ratio of 0.43. The company’s fifty day simple moving average is $157.08 and its 200 day simple moving average is $154.39. TD SYNNEX Corporation has a 1-year low of $92.23 and a 1-year high of $175.56. The company has a market cap of $12.55 billion, a price-to-earnings ratio of 15.62, a PEG ratio of 1.12 and a beta of 1.37.

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

TD SYNNEX Increases Dividend

The firm also recently disclosed a quarterly dividend, which was paid on Friday, January 30th. Shareholders of record on Friday, January 16th were paid a $0.48 dividend. This is a positive change from TD SYNNEX’s previous quarterly dividend of $0.44. This represents a $1.92 annualized dividend and a yield of 1.2%. The ex-dividend date was Friday, January 16th. TD SYNNEX’s dividend payout ratio is currently 19.26%.

TD SYNNEX Company Profile

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.