TD SYNNEX Corporation (NYSE:SNX) Receives Consensus Recommendation of “Buy” from Brokerages

Shares of TD SYNNEX Corporation (NYSE:SNX) have received an average rating of “Buy” from the ten analysts that are presently covering the firm, MarketBeat reports. One investment analyst has rated the stock with a hold rating, eight have given a buy rating and one has given a strong buy rating to the company. The average 1 year target price among brokers that have updated their coverage on the stock in the last year is $294.6667.

Several equities research analysts have issued reports on SNX shares. The Goldman Sachs Group set a $330.00 price target on shares of TD SYNNEX in a research note on Friday, June 26th. Weiss Ratings lowered shares of TD SYNNEX from a “buy (b+)” rating to a “buy (b)” rating in a research report on Wednesday, June 17th. Barrington Research upped their price objective on shares of TD SYNNEX from $202.00 to $325.00 and gave the company an “outperform” rating in a research note on Friday, June 26th. UBS Group raised their target price on shares of TD SYNNEX from $310.00 to $352.00 and gave the stock a “buy” rating in a research report on Friday, June 26th. Finally, Morgan Stanley lifted their target price on shares of TD SYNNEX from $341.00 to $374.00 and gave the stock an “overweight” rating in a research note on Friday, June 26th.

Insider Buying and Selling at TD SYNNEX

In other news, Director Ann F. Vezina sold 1,273 shares of TD SYNNEX stock in a transaction on Friday, July 31st. The stock was sold at an average price of $256.05, for a total value of $325,951.65. Following the completion of the sale, the director owned 5,828 shares of the company’s stock, valued at $1,492,259.40. The trade was a 17.93% decrease in their ownership of the stock. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is available at the SEC website. Also, Director Richard T. Hume sold 5,000 shares of the company’s stock in a transaction on Monday, July 6th. The shares were sold at an average price of $242.97, for a total value of $1,214,850.00. Following the completion of the transaction, the director owned 18,537 shares of the company’s stock, valued at $4,503,934.89. The trade was a 21.24% decrease in their ownership of the stock. The SEC filing for this sale provides additional information. The transaction was executed under a pre-arranged Rule 10b5-1 trading plan. Insiders have sold 16,273 shares of company stock worth $4,090,402 in the last 90 days. Insiders own 0.70% of the company’s stock.

Institutional Inflows and Outflows

A number of institutional investors and hedge funds have recently modified their holdings of the stock. Intech Investment Management LLC grew its holdings in TD SYNNEX by 38.4% in the fourth quarter. Intech Investment Management LLC now owns 21,578 shares of the business services provider’s stock valued at $3,242,000 after purchasing an additional 5,982 shares during the period. CWM LLC raised its stake in TD SYNNEX by 474.0% during the fourth quarter. CWM LLC now owns 7,095 shares of the business services provider’s stock worth $1,066,000 after purchasing an additional 5,859 shares during the period. R Squared Ltd acquired a new position in shares of TD SYNNEX in the 4th quarter valued at $1,507,000. Universal Beteiligungs und Servicegesellschaft mbH boosted its holdings in shares of TD SYNNEX by 44.6% in the 4th quarter. Universal Beteiligungs und Servicegesellschaft mbH now owns 67,521 shares of the business services provider’s stock valued at $10,186,000 after purchasing an additional 20,815 shares during the last quarter. Finally, Teacher Retirement System of Texas grew its stake in shares of TD SYNNEX by 138.6% during the 4th quarter. Teacher Retirement System of Texas now owns 59,168 shares of the business services provider’s stock valued at $8,889,000 after buying an additional 34,374 shares during the period. Institutional investors and hedge funds own 84.00% of the company’s stock.

TD SYNNEX Stock Down 0.4%

SNX opened at $262.74 on Thursday. The company has a quick ratio of 0.64, a current ratio of 1.20 and a debt-to-equity ratio of 0.40. The firm has a market cap of $21.01 billion, a P/E ratio of 18.81, a PEG ratio of 0.74 and a beta of 1.44. TD SYNNEX has a 52 week low of $139.23 and a 52 week high of $296.47. The business’s fifty day simple moving average is $261.71 and its 200 day simple moving average is $211.77.

TD SYNNEX (NYSE:SNX) last posted its quarterly earnings data on Thursday, June 25th. The business services provider reported $4.85 EPS for the quarter, topping analysts’ consensus estimates of $4.14 by $0.71. TD SYNNEX had a return on equity of 15.37% and a net margin of 1.63%.The firm had revenue of $19.57 billion during the quarter, compared to analysts’ expectations of $16.80 billion. During the same quarter last year, the business posted $2.99 EPS. The firm’s quarterly revenue was up 31.0% compared to the same quarter last year. TD SYNNEX has set its Q3 2026 guidance at 4.250-4.750 EPS. As a group, equities research analysts anticipate that TD SYNNEX will post 18.01 EPS for the current fiscal year.

TD SYNNEX Dividend Announcement

The firm also recently disclosed a quarterly dividend, which was paid on Friday, July 31st. Stockholders of record on Friday, July 17th were issued a dividend of $0.48 per share. The ex-dividend date was Friday, July 17th. This represents a $1.92 annualized dividend and a dividend yield of 0.7%. TD SYNNEX’s dividend payout ratio (DPR) is 13.74%.

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.