TD SYNNEX (NYSE:SNX) Director Richard Hume Sells 5,000 Shares

TD SYNNEX Corporation (NYSE:SNX) Director Richard Hume sold 5,000 shares of the firm’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 sale, the director directly owned 18,537 shares in the company, valued at approximately $4,503,934.89. This represents a 21.24% decrease in their position. The sale was disclosed in a filing with the SEC, which is available at this hyperlink. The transaction was executed under a pre-arranged Rule 10b5-1 trading plan.

TD SYNNEX Stock Performance

NYSE:SNX opened at $236.14 on Wednesday. The stock’s 50-day moving average is $254.42 and its 200-day moving average is $197.29. TD SYNNEX Corporation has a 1-year low of $139.12 and a 1-year high of $296.47. The company has a current ratio of 1.20, a quick ratio of 0.64 and a debt-to-equity ratio of 0.40. The stock has a market cap of $18.88 billion, a P/E ratio of 16.90, a price-to-earnings-growth ratio of 0.67 and a beta of 1.43.

TD SYNNEX (NYSE:SNX) last announced its quarterly earnings results on Thursday, June 25th. The business services provider reported $4.85 earnings per share (EPS) for the quarter, beating the consensus estimate of $4.14 by $0.71. The firm had revenue of $19.57 billion during the quarter, compared to analysts’ expectations of $16.80 billion. TD SYNNEX had a net margin of 1.63% and a return on equity of 15.37%. The company’s revenue was up 31.0% on a year-over-year basis. During the same period in the prior year, the company posted $2.99 EPS. TD SYNNEX has set its Q3 2026 guidance at 4.250-4.750 EPS. Equities research analysts anticipate that TD SYNNEX Corporation will post 18.02 earnings per share for the current year.

TD SYNNEX Announces Dividend

The business also recently announced a quarterly dividend, which will be paid on Friday, July 31st. Shareholders of record on Friday, July 17th will be issued a dividend of $0.48 per share. The ex-dividend date of this dividend is Friday, July 17th. This represents a $1.92 annualized dividend and a yield of 0.8%. TD SYNNEX’s payout ratio is presently 13.74%.

Institutional Investors Weigh In On TD SYNNEX

A number of large investors have recently bought and sold shares of SNX. MIRAE ASSET GLOBAL ETFS HOLDINGS Ltd. boosted its position in shares of TD SYNNEX by 9.5% during the 1st quarter. MIRAE ASSET GLOBAL ETFS HOLDINGS Ltd. now owns 16,820 shares of the business services provider’s stock worth $1,749,000 after purchasing an additional 1,460 shares in the last quarter. Goldman Sachs Group Inc. raised its stake in TD SYNNEX by 5.8% during the 1st quarter. Goldman Sachs Group Inc. now owns 179,210 shares of the business services provider’s stock worth $18,631,000 after buying an additional 9,815 shares during the period. UBS AM A Distinct Business Unit of UBS Asset Management Americas LLC raised its stake in TD SYNNEX by 6.6% during the 1st quarter. UBS AM A Distinct Business Unit of UBS Asset Management Americas LLC now owns 204,172 shares of the business services provider’s stock worth $21,226,000 after buying an additional 12,615 shares during the period. Arrowstreet Capital Limited Partnership bought a new position in TD SYNNEX in the second quarter worth approximately $818,000. Finally, EverSource Wealth Advisors LLC increased its holdings in shares of TD SYNNEX by 17.4% during the second quarter. EverSource Wealth Advisors LLC now owns 852 shares of the business services provider’s stock valued at $116,000 after acquiring an additional 126 shares in the last quarter. 84.00% of the stock is currently owned by institutional investors and hedge funds.

Analyst Ratings Changes

SNX has been the subject of several analyst reports. Royal Bank Of Canada set a $340.00 price target on shares of TD SYNNEX in a report on Friday, June 26th. Zacks Research raised shares of TD SYNNEX from a “hold” rating to a “strong-buy” rating in a research note on Tuesday, June 30th. Morgan Stanley boosted their target price on shares of TD SYNNEX from $341.00 to $374.00 and gave the company an “overweight” rating in a report on Friday, June 26th. The Goldman Sachs Group set a $330.00 price target on TD SYNNEX in a report on Friday, June 26th. Finally, Barclays boosted their price objective on TD SYNNEX from $237.00 to $278.00 and gave the company an “equal weight” rating in a research note on Thursday, July 2nd. One investment analyst has rated the stock with a Strong Buy rating, eight have issued a Buy rating and one has issued a Hold rating to the company. Based on data from MarketBeat, the company has an average rating of “Buy” and an average target price of $294.67.

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.