TD SYNNEX (NYSE:SNX) Director Ann Vezina Sells 1,273 Shares

TD SYNNEX Corporation (NYSE:SNX) Director Ann Vezina sold 1,273 shares of the business’s stock in a transaction dated Friday, July 31st. The stock was sold at an average price of $256.05, for a total transaction of $325,951.65. Following the transaction, the director owned 5,828 shares in the company, valued at approximately $1,492,259.40. The trade was a 17.93% decrease in their position. The transaction was disclosed in a document filed with the SEC, which is accessible through this hyperlink.

TD SYNNEX Stock Up 1.5%

NYSE SNX opened at $255.93 on Friday. The company has a debt-to-equity ratio of 0.40, a quick ratio of 0.64 and a current ratio of 1.20. The firm has a 50-day simple moving average of $260.60 and a 200 day simple moving average of $209.08. TD SYNNEX Corporation has a twelve month low of $139.23 and a twelve month high of $296.47. The stock has a market cap of $20.46 billion, a PE ratio of 18.32, a PEG ratio of 0.71 and a beta of 1.43.

TD SYNNEX (NYSE:SNX) last released its earnings results on Thursday, June 25th. The business services provider reported $4.85 earnings per share 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 business had revenue of $19.57 billion for the quarter, compared to the consensus estimate of $16.80 billion. During the same period last year, the business earned $2.99 earnings per share. The firm’s revenue for the quarter 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. On average, research analysts forecast that TD SYNNEX Corporation will post 18.01 EPS for the current year.

TD SYNNEX Dividend Announcement

The company also recently announced a quarterly dividend, which was paid on Friday, July 31st. Investors of record on Friday, July 17th were given a $0.48 dividend. This represents a $1.92 annualized dividend and a yield of 0.8%. The ex-dividend date of this dividend was Friday, July 17th. TD SYNNEX’s dividend payout ratio (DPR) is 13.74%.

Analyst Ratings Changes

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 report on Friday, June 26th. Zacks Research raised shares of TD SYNNEX from a “hold” rating to a “strong-buy” rating in a report on Tuesday, June 30th. JPMorgan Chase & Co. raised shares of TD SYNNEX from a “neutral” rating to an “overweight” rating and set a $298.00 target price on the stock in a research note on Wednesday, May 27th. Morgan Stanley raised their price target 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. Finally, UBS Group upped their price objective on TD SYNNEX from $310.00 to $352.00 and gave the company a “buy” rating in a research note on Friday, June 26th. One research analyst has rated the stock with a Strong Buy rating, eight have given a Buy rating and one has issued a Hold rating to the company’s stock. According to MarketBeat, the company has an average rating of “Buy” and an average target price of $294.67.

Institutional Inflows and Outflows

A number of institutional investors have recently modified their holdings of the company. Norges Bank acquired a new position in shares of TD SYNNEX in the 4th quarter worth approximately $148,559,000. Alyeska Investment Group L.P. acquired a new stake in TD SYNNEX during the 3rd quarter valued at $135,631,000. AQR Capital Management LLC raised its position in TD SYNNEX by 141.8% in the 4th quarter. AQR Capital Management LLC now owns 934,772 shares of the business services provider’s stock valued at $140,431,000 after purchasing an additional 548,180 shares during the last quarter. Marshall Wace LLP raised its position in TD SYNNEX by 6,626.0% in the 3rd quarter. Marshall Wace LLP now owns 402,754 shares of the business services provider’s stock valued at $65,951,000 after purchasing an additional 396,766 shares during the last quarter. Finally, Pacer Advisors Inc. boosted its stake in TD SYNNEX by 4,021.1% in the first quarter. Pacer Advisors Inc. now owns 366,652 shares of the business services provider’s stock worth $61,858,000 after purchasing an additional 357,755 shares in the last quarter. Institutional investors own 84.00% of the company’s stock.

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.