TD SYNNEX Corporation $SNX Stock: Ninety One North America Inc. Grows Stake

Ninety One North America Inc. increased its holdings in TD SYNNEX Corporation (NYSE:SNX) by 24.0% in the third quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission (SEC). The firm owned 22,354 shares of the business services provider’s stock after acquiring an additional 4,331 shares during the quarter. Ninety One North America Inc.’s holdings in TD SYNNEX were worth $5,742,000 as of its most recent SEC filing.

A number of other hedge funds also recently added to or reduced their stakes in SNX. BlackRock Inc. purchased a new stake in shares of TD SYNNEX during the 2nd quarter valued at $1,958,683,000. Bank of New York Mellon Corp acquired a new stake in shares of TD SYNNEX in the 2nd quarter worth $149,728,000. Bank of America Corp DE purchased a new position in TD SYNNEX during the 2nd quarter worth $113,155,000. Freestone Grove Partners LP purchased a new position in TD SYNNEX during the 2nd quarter worth $98,650,000. Finally, Pacer Advisors Inc. increased its position in TD SYNNEX by 4,021.1% during the 1st quarter. Pacer Advisors Inc. now owns 366,652 shares of the business services provider’s stock valued at $61,858,000 after buying an additional 357,755 shares in the last quarter. 84.00% of the stock is owned by hedge funds and other institutional investors.

TD SYNNEX Stock Performance

Shares of TD SYNNEX stock traded down $13.71 during trading on Thursday, hitting $250.05. 300,878 shares of the company’s stock were exchanged, compared to its average volume of 816,546. The company has a debt-to-equity ratio of 0.39, a quick ratio of 0.64 and a current ratio of 1.19. The business has a 50-day simple moving average of $262.27 and a 200-day simple moving average of $248.35. TD SYNNEX Corporation has a 52-week low of $142.22 and a 52-week high of $298.77. The stock has a market capitalization of $19.95 billion, a price-to-earnings ratio of 15.24, a PEG ratio of 0.56 and a beta of 1.37.

TD SYNNEX (NYSE:SNX) last posted its quarterly earnings results on Thursday, September 24th. The business services provider reported $5.68 EPS for the quarter, beating the consensus estimate of $4.70 by $0.98. The company had revenue of $21.56 billion for the quarter, compared to analyst estimates of $18.91 billion. TD SYNNEX had a net margin of 1.75% and a return on equity of 16.78%. The firm’s revenue was up 37.7% on a year-over-year basis. During the same period in the prior year, the company earned $3.58 earnings per share. TD SYNNEX has set its Q4 2026 guidance at 5.650-6.150 EPS. On average, research analysts forecast 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 given a $0.48 dividend. This represents a $1.92 annualized dividend and a yield of 0.8%. The ex-dividend date is Friday, October 16th. TD SYNNEX’s dividend payout ratio is currently 11.70%.

Insider Buying and Selling

In related news, Director Richard Hume sold 5,000 shares of the firm’s stock in a transaction on Wednesday, August 5th. The shares were sold at an average price of $262.21, for a total transaction of $1,311,050.00. Following the sale, the director owned 13,537 shares in the company, valued at approximately $3,549,536.77. This trade represents a 26.97% decrease in their ownership of the stock. The transaction was disclosed in a filing with the Securities & Exchange Commission, which can be accessed through this hyperlink. The transaction was executed under a pre-arranged Rule 10b5-1 trading plan. Also, Director Ann Vezina sold 1,273 shares of the company’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 completion of the transaction, the director owned 5,828 shares of the company’s stock, valued at approximately $1,492,259.40. This trade represents a 17.93% decrease in their position. The disclosure for this sale is available in the SEC filing. 0.70% of the stock is owned by company insiders.

Trending Headlines about TD SYNNEX

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

SNX has been the topic of several research analyst reports. Royal Bank Of Canada set a $340.00 target price on shares of TD SYNNEX in a research report on Friday, June 26th. Weiss Ratings upgraded shares of TD SYNNEX from a “buy (b)” rating to a “buy (b+)” rating in a research note on Thursday, October 8th. The Goldman Sachs Group set a $330.00 price target on shares of TD SYNNEX in a report on Friday, June 26th. UBS Group lifted their price objective on shares of TD SYNNEX from $352.00 to $379.00 and gave the stock a “buy” rating in a research note on Friday, September 25th. Finally, Barclays boosted their price objective on shares of TD SYNNEX from $278.00 to $287.00 and gave the company an “equal weight” rating in a report on Tuesday, September 8th. One research analyst has rated the stock with a Strong Buy rating, seven have assigned a Buy rating and one has given a Hold rating to the company’s stock. Based on data from MarketBeat, the stock presently has a consensus rating of “Buy” and a consensus target price of $331.14.

TD SYNNEX Profile

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.