TD SYNNEX (NYSE:SNX) Insider Alim Dhanji Sells 3,775 Shares of Stock

TD SYNNEX Corporation (NYSE:SNX) insider Alim Dhanji sold 3,775 shares of the firm’s stock in a transaction on Thursday, October 22nd. The shares were sold at an average price of $241.01, for a total value of $909,812.75. Following the completion of the sale, the insider owned 11,712 shares in the company, valued at approximately $2,822,709.12. This represents a 24.38% decrease in their ownership of the stock. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is available through this link.

TD SYNNEX Stock Up 0.1%

Shares of NYSE SNX opened at $247.35 on Friday. The business has a 50-day moving average of $261.40 and a two-hundred day moving average of $251.50. The company has a market capitalization of $19.73 billion, a price-to-earnings ratio of 15.07, a price-to-earnings-growth ratio of 0.49 and a beta of 1.37. TD SYNNEX Corporation has a 1 year low of $142.22 and a 1 year high of $298.77. The company has a debt-to-equity ratio of 0.39, a current ratio of 1.19 and a quick ratio of 0.64.

TD SYNNEX (NYSE:SNX) last released its quarterly earnings data on Thursday, September 24th. The business services provider reported $5.68 EPS for the quarter, beating analysts’ consensus estimates of $4.70 by $0.98. TD SYNNEX had a return on equity of 16.78% and a net margin of 1.75%. The business had revenue of $21.56 billion for the quarter, compared to the consensus estimate of $18.91 billion. During the same quarter in the prior year, the business posted $3.58 EPS. The business’s revenue for the quarter was up 37.7% on a year-over-year basis. TD SYNNEX has set its Q4 2026 guidance at 5.650-6.150 EPS. On average, analysts forecast that TD SYNNEX Corporation will post 20.35 earnings per share for the current fiscal year.

TD SYNNEX Dividend Announcement

The business also recently declared a quarterly dividend, which will be paid on Friday, October 30th. Shareholders of record on Friday, October 16th will be paid 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%.

Wall Street Analyst Weigh In

Several brokerages have recently weighed in on SNX. Zacks Research upgraded shares of TD SYNNEX from a “hold” rating to a “strong-buy” rating in a research report on Tuesday, September 29th. 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 downgraded shares of TD SYNNEX from a “buy (b+)” rating to a “buy (b)” rating in a research report on Friday. Barrington Research lifted their price target on shares of TD SYNNEX from $202.00 to $325.00 and gave the stock an “outperform” rating in a research note on Friday, June 26th. Finally, Morgan Stanley boosted their price target on shares of TD SYNNEX from $334.00 to $359.00 and gave the company an “overweight” rating in a research report on Friday, September 25th. One equities research analyst has rated the stock with a Strong Buy rating, seven have issued a Buy rating and one has assigned a Hold rating to the company’s stock. According to MarketBeat.com, TD SYNNEX has an average rating of “Buy” and a consensus price target of $331.14.

Institutional Inflows and Outflows

Several institutional investors have recently added to or reduced their stakes in SNX. Bell Investment Advisors Inc acquired a new stake in shares of TD SYNNEX in the second quarter valued at approximately $27,000. Fiduciary Financial Advisors purchased a new position in shares of TD SYNNEX during the second quarter worth approximately $28,000. SBI Securities Co. Ltd. increased its holdings in shares of TD SYNNEX by 116.7% in the 3rd quarter. SBI Securities Co. Ltd. now owns 117 shares of the business services provider’s stock valued at $30,000 after acquiring an additional 63 shares during the period. SJS Investment Consulting Inc. increased its holdings in shares of TD SYNNEX by 44.6% in the 1st quarter. SJS Investment Consulting Inc. now owns 201 shares of the business services provider’s stock valued at $34,000 after acquiring an additional 62 shares during the period. Finally, Essential Partners LLC raised its holdings in shares of TD SYNNEX by 644.4% in the first quarter. Essential Partners LLC now owns 201 shares of the business services provider’s stock valued at $34,000 after buying an additional 174 shares during the last quarter. Institutional investors and hedge funds own 84.00% of the company’s stock.

About TD SYNNEX

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.