TD SYNNEX Corporation $SNX Holdings Boosted by Ninety One UK Ltd

Ninety One UK Ltd raised its position in shares of TD SYNNEX Corporation (NYSE:SNX) by 9.8% during the 3rd quarter, according to the company in its most recent 13F filing with the Securities & Exchange Commission. The firm owned 1,810,800 shares of the business services provider’s stock after purchasing an additional 162,116 shares during the quarter. TD SYNNEX accounts for 1.1% of Ninety One UK Ltd’s investment portfolio, making the stock its 25th biggest holding. Ninety One UK Ltd’s holdings in TD SYNNEX were worth $465,104,000 at the end of the most recent quarter.

Several other large investors also recently added to or reduced their stakes in the company. Weiss Asset Management LP bought a new stake in shares of TD SYNNEX during the 1st quarter worth about $4,435,000. Deutsche Bank AG acquired a new position in shares of TD SYNNEX during the 2nd quarter valued at about $7,146,000. State of Wyoming acquired a new position in shares of TD SYNNEX during the 2nd quarter valued at about $3,378,000. BlackRock Inc. bought a new position in shares of TD SYNNEX in the 2nd quarter valued at approximately $1,958,683,000. Finally, Pacer Advisors Inc. raised its stake in shares of TD SYNNEX by 4,021.1% in the 1st quarter. Pacer Advisors Inc. now owns 366,652 shares of the business services provider’s stock valued at $61,858,000 after acquiring an additional 357,755 shares in the last quarter. 84.00% of the stock is owned by institutional investors and hedge funds.

Insider Activity

In other TD SYNNEX news, Director Ann Vezina sold 1,273 shares of the company’s stock in a transaction dated Friday, July 31st. The shares were sold at an average price of $256.05, for a total transaction of $325,951.65. Following the sale, the director directly owned 5,828 shares of the company’s stock, valued at approximately $1,492,259.40. This represents a 17.93% decrease in their ownership of the stock. The sale was disclosed in a filing with the Securities & Exchange Commission, which can be accessed through this link. Also, Director Richard Hume sold 5,000 shares of the firm’s stock in a transaction that occurred on Wednesday, August 5th. The stock was sold at an average price of $262.21, for a total transaction of $1,311,050.00. Following the sale, the director directly owned 13,537 shares of the company’s stock, valued at approximately $3,549,536.77. The trade was a 26.97% decrease in their position. Additional details regarding this sale are available in the official SEC disclosure. The transaction was executed under a pre-arranged Rule 10b5-1 trading plan. 0.70% of the stock is currently owned by corporate insiders.

TD SYNNEX Price Performance

SNX traded down $13.79 during midday trading on Thursday, reaching $249.97. 302,686 shares of the company’s stock were exchanged, compared to its average volume of 816,641. The firm has a market capitalization of $19.94 billion, a price-to-earnings ratio of 15.21, a price-to-earnings-growth ratio of 0.56 and a beta of 1.37. The company has a quick ratio of 0.64, a current ratio of 1.19 and a debt-to-equity ratio of 0.39. TD SYNNEX Corporation has a one year low of $142.22 and a one year high of $298.77. The business has a 50-day simple moving average of $262.27 and a two-hundred day simple moving average of $248.35.

TD SYNNEX (NYSE:SNX) last released its quarterly earnings data on Thursday, September 24th. The business services provider reported $5.68 earnings per share for the quarter, beating analysts’ consensus estimates of $4.70 by $0.98. TD SYNNEX had a return on equity of 16.78% and a net margin of 1.75%. The company had revenue of $21.56 billion for the quarter, compared to the consensus estimate of $18.91 billion. During the same period in the previous year, the business earned $3.58 earnings per share. The company’s quarterly revenue was up 37.7% on a year-over-year basis. TD SYNNEX has set its Q4 2026 guidance at 5.650-6.150 EPS. As a group, research analysts predict that TD SYNNEX Corporation will post 19.89 EPS for the current year.

TD SYNNEX Announces Dividend

The business also recently disclosed a quarterly dividend, which will be paid on Friday, October 30th. Shareholders of record on Friday, October 16th will be issued a dividend of $0.48 per share. The ex-dividend date of this dividend is Friday, October 16th. This represents a $1.92 dividend on an annualized basis and a dividend yield of 0.8%. TD SYNNEX’s dividend payout ratio (DPR) is presently 11.70%.

TD SYNNEX News Summary

Here are the key news stories impacting TD SYNNEX this week:

• Positive Sentiment: Zacks Research maintained a “Strong-Buy” rating and raised its FY2026 EPS forecast to $20.25 from $17.96, while increasing its FY2027 estimate to $23.03 from $20.53. Estimates for several 2027 and 2028 quarters were also raised, suggesting improving expectations for TD SYNNEX’s earnings trajectory. Zacks Research earnings estimate revisions
• Positive Sentiment: Zacks Research lifted its FY2028 EPS forecast to $26.30 from $26.10. Separately, the average Wall Street price target implies approximately 27.4% potential upside, while positive earnings-estimate revisions could support the stock. However, the article cautions that price targets are not always reliable. TD SYNNEX price target and earnings revisions
• Neutral Sentiment: Analyst commentary remains mixed across technology companies, including TD SYNNEX and Jabil, indicating that broader sector sentiment may be influencing trading more than the company-specific earnings revisions. Conflicting analyst sentiment on TD SYNNEX and Jabil
• Negative Sentiment: Zacks Research slightly reduced its Q3 2028 EPS forecast to $6.69 from $6.70. The cut is minor, but it may contribute to near-term caution alongside profit-taking or technical selling; the provided reports do not identify a new fundamental problem at the company. TD SYNNEX analyst estimates

Analyst Upgrades and Downgrades

Several equities research analysts recently weighed in on the company. Weiss Ratings upgraded TD SYNNEX from a “buy (b)” rating to a “buy (b+)” rating in a report on Thursday, October 8th. Morgan Stanley boosted their price objective on shares of TD SYNNEX from $334.00 to $359.00 and gave the stock an “overweight” rating in a research note on Friday, September 25th. The Goldman Sachs Group set a $330.00 price objective on shares of TD SYNNEX in a report on Friday, June 26th. Barrington Research upped their price objective on shares of TD SYNNEX from $202.00 to $325.00 and gave the stock an “outperform” rating in a report on Friday, June 26th. Finally, Barclays raised their target price on TD SYNNEX from $278.00 to $287.00 and gave the company an “equal weight” rating in a report on Tuesday, September 8th. One equities research analyst has rated the stock with a Strong Buy rating, seven have assigned a Buy rating and one has issued a Hold rating to the company. Based on data from MarketBeat.com, TD SYNNEX has a consensus rating of “Buy” and an average price target of $331.14.

About TD SYNNEX

TD SYNNEX Corporation is a global technology distributor and solutions aggregator that connects technology vendors with resellers, systems integrators, managed service providers and other channel partners. The company helps bring hardware, software and cloud-based solutions to market while supporting partners with sales, marketing, logistics, financing and technical services.

Its portfolio includes data center and networking equipment, personal computing and endpoint devices, software, cybersecurity products, cloud services, unified communications, mobility solutions and emerging technologies.