TD SYNNEX Corporation $SNX Shares Sold by GW&K Investment Management LLC

GW&K Investment Management LLC decreased its position in TD SYNNEX Corporation (NYSE:SNX) by 3.1% during the third quarter, according to the company in its most recent disclosure with the Securities & Exchange Commission. The firm owned 144,789 shares of the business services provider’s stock after selling 4,672 shares during the quarter. GW&K Investment Management LLC’s holdings in TD SYNNEX were worth $23,709,000 as of its most recent SEC filing.

Several other hedge funds and other institutional investors have also modified their holdings of the company. Root Financial Partners LLC purchased a new stake in shares of TD SYNNEX in the 3rd quarter valued at $42,000. MAI Capital Management increased its stake in TD SYNNEX by 90.2% during the second quarter. MAI Capital Management now owns 428 shares of the business services provider’s stock worth $58,000 after purchasing an additional 203 shares during the period. Hantz Financial Services Inc. lifted its position in shares of TD SYNNEX by 1,012.5% during the second quarter. Hantz Financial Services Inc. now owns 445 shares of the business services provider’s stock worth $60,000 after purchasing an additional 405 shares in the last quarter. EverSource Wealth Advisors LLC boosted its stake in shares of TD SYNNEX by 17.4% in the second quarter. EverSource Wealth Advisors LLC now owns 852 shares of the business services provider’s stock valued at $116,000 after purchasing an additional 126 shares during the period. Finally, Jones Financial Companies Lllp grew its holdings in shares of TD SYNNEX by 10.6% in the third quarter. Jones Financial Companies Lllp now owns 775 shares of the business services provider’s stock valued at $127,000 after purchasing an additional 74 shares in the last quarter. 84.00% of the stock is currently owned by hedge funds and other institutional investors.

Insider Activity

In other TD SYNNEX news, Director Merline Saintil sold 167 shares of the company’s stock in a transaction that occurred on Wednesday, March 4th. The stock was sold at an average price of $157.75, for a total transaction of $26,344.25. Following the completion of 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 transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is available at the SEC website. Also, Director Richard T. Hume sold 23,365 shares of TD SYNNEX stock in a transaction that occurred on Monday, February 2nd. The shares were sold at an average price of $160.63, for a total value of $3,753,119.95. Following the completion of the transaction, the director owned 42,515 shares in the company, valued at $6,829,184.45. This trade represents a 35.47% decrease in their ownership of the stock. Additional details regarding this sale are available in the official SEC disclosure. Over the last three months, insiders sold 80,915 shares of company stock valued at $13,111,786. Insiders own 0.70% of the company’s stock.

TD SYNNEX Stock Performance

NYSE SNX opened at $158.51 on Friday. The company has a fifty day moving average of $157.00 and a two-hundred day moving average of $154.13. The company has a market capitalization of $12.78 billion, a PE ratio of 15.90, a P/E/G ratio of 1.15 and a beta of 1.37. TD SYNNEX Corporation has a 1 year low of $92.23 and a 1 year high of $175.56. The company has a debt-to-equity ratio of 0.43, a current ratio of 1.21 and a quick ratio of 0.75.

TD SYNNEX (NYSE:SNX) last announced its earnings results on Thursday, January 8th. The business services provider reported $3.83 earnings per share (EPS) for the quarter, beating analysts’ consensus estimates of $3.68 by $0.15. The firm had revenue of $17.38 billion during 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 business’s revenue was up 9.7% on a year-over-year basis. During the same period in the prior year, the firm earned $3.09 EPS. TD SYNNEX has set its Q1 2026 guidance at 3.000-3.500 EPS. As a group, analysts expect that TD SYNNEX Corporation will post 11.88 earnings per share for the current 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 boost from TD SYNNEX’s previous quarterly dividend of $0.44. This represents a $1.92 dividend on an annualized basis and a yield of 1.2%. The ex-dividend date was Friday, January 16th. TD SYNNEX’s dividend payout ratio (DPR) is presently 19.26%.

Wall Street Analyst Weigh In

SNX has been the subject of several recent research reports. 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. Barrington Research reissued an “outperform” rating and set a $182.00 target price on shares of TD SYNNEX in a research note on Friday, January 9th. The Goldman Sachs Group began coverage on TD SYNNEX in a report on Tuesday, January 13th. They set a “buy” rating and a $180.00 price target on the stock. UBS Group increased their price target on TD SYNNEX from $187.00 to $193.00 and gave the company a “buy” rating in a research report on Friday, January 9th. Finally, Weiss Ratings reissued a “buy (b-)” rating on shares of TD SYNNEX in a research report on Wednesday, January 21st. Nine research analysts have rated the stock with a Buy rating and three have given a Hold rating to the company. According to data from MarketBeat.com, the stock currently has a consensus rating of “Moderate Buy” and an average price target of $170.64.

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.