2,556 TD SYNNEX Corporation $SNX Shares Sold by Sage Investment Counsel LLC

Sage Investment Counsel LLC trimmed its position in shares of TD SYNNEX Corporation (NYSE:SNX) by 35.9% during the 3rd quarter, according to its most recent 13F filing with the Securities and Exchange Commission (SEC). The institutional investor owned 4,567 shares of the business services provider’s stock after selling 2,556 shares during the period. TD SYNNEX makes up approximately 1.2% of Sage Investment Counsel LLC’s holdings, making the stock its 27th biggest holding. Sage Investment Counsel LLC’s holdings in TD SYNNEX were worth $1,173,000 at the end of the most recent quarter.

Other hedge funds have also modified their holdings of the company. Bell Investment Advisors Inc bought a new stake in TD SYNNEX in the second quarter worth $27,000. Fiduciary Financial Advisors bought a new position in TD SYNNEX during the second quarter valued at $28,000. SBI Securities Co. Ltd. lifted its position in TD SYNNEX by 116.7% during the third quarter. SBI Securities Co. Ltd. now owns 117 shares of the business services provider’s stock valued at $30,000 after purchasing an additional 63 shares during the last quarter. Compass Financial Management LLC bought a new position in TD SYNNEX during the second quarter valued at $38,000. Finally, Parkside Financial Bank & Trust grew its stake in shares of TD SYNNEX by 32.8% in the 2nd quarter. Parkside Financial Bank & Trust now owns 158 shares of the business services provider’s stock worth $42,000 after buying an additional 39 shares in the last quarter. 84.00% of the stock is owned by hedge funds and other institutional investors.

Insider Transactions at TD SYNNEX

In related news, Director Ann Vezina sold 1,273 shares of TD SYNNEX 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 completion of the transaction, the director directly owned 5,828 shares of the company’s stock, 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 Securities & Exchange Commission, which is accessible through the SEC website. Also, Director Richard Hume sold 5,000 shares of TD SYNNEX stock in a transaction dated 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 transaction, the director directly owned 13,537 shares of the company’s stock, valued at approximately $3,549,536.77. This represents a 26.97% decrease in their ownership of the stock. 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. In the last quarter, insiders sold 10,048 shares of company stock worth $2,546,814. 0.70% of the stock is currently owned by insiders.

Wall Street Analysts Forecast Growth

SNX has been the topic of a number of research reports. UBS Group boosted their target price on shares of TD SYNNEX from $352.00 to $379.00 and gave the stock a “buy” rating in a report on Friday, September 25th. Zacks Research upgraded shares of TD SYNNEX from a “hold” rating to a “strong-buy” rating in a research report on Tuesday, September 29th. Barclays increased their price target 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. Morgan Stanley lifted their price target on TD SYNNEX from $334.00 to $359.00 and gave the stock an “overweight” rating in a research report on Friday, September 25th. Finally, Weiss Ratings cut TD SYNNEX from a “buy (b+)” rating to a “buy (b)” rating in a research note on Friday. One investment analyst has rated the stock with a Strong Buy rating, seven have given a Buy rating and one has assigned a Hold rating to the company. Based on data from MarketBeat, the company currently has a consensus rating of “Buy” and a consensus target price of $331.14.

TD SYNNEX Stock Performance

NYSE:SNX opened at $250.38 on Tuesday. The stock’s fifty day moving average is $261.13 and its 200 day moving average is $223.53. TD SYNNEX Corporation has a fifty-two week low of $142.22 and a fifty-two week high of $298.77. The firm has a market capitalization of $19.98 billion, a PE ratio of 15.26, a PEG ratio of 0.49 and a beta of 1.37. The company has a debt-to-equity ratio of 0.39, a quick ratio of 0.64 and a current ratio of 1.19.

TD SYNNEX (NYSE:SNX) last issued its quarterly earnings results on Thursday, September 24th. The business services provider reported $5.68 earnings per share (EPS) for the quarter, topping analysts’ consensus estimates of $4.70 by $0.98. The company had revenue of $21.56 billion during the quarter, compared to the consensus estimate of $18.91 billion. TD SYNNEX had a return on equity of 16.78% and a net margin of 1.75%. TD SYNNEX’s revenue was up 37.7% on a year-over-year basis. During the same period last 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, sell-side analysts anticipate that TD SYNNEX Corporation will post 20.35 earnings per share for the current year.

TD SYNNEX Dividend Announcement

The company also recently announced a quarterly dividend, which will be paid on Friday, October 30th. Stockholders of record on Friday, October 16th will be issued a $0.48 dividend. This represents a $1.92 annualized dividend and a dividend yield of 0.8%. The ex-dividend date is Friday, October 16th. TD SYNNEX’s dividend payout ratio (DPR) is 11.70%.

TD SYNNEX Company Profile

TD SYNNEX Corporation (NYSE: SNX) is a global technology distributor and solutions aggregator. The company connects technology vendors with resellers, systems integrators, managed service providers, retailers and other channel partners, helping them market, sell, deploy and support technology products and services.

Its offerings include personal computing and endpoint devices, servers, data-center and networking equipment, software, cloud solutions, cybersecurity products, and related professional and managed services.