Ethic Inc. Buys 2,344 Shares of TD SYNNEX Corporation $SNX

Ethic Inc. increased its stake in TD SYNNEX Corporation (NYSE:SNX) by 27.9% during the second quarter, HoldingsChannel reports. The firm owned 10,752 shares of the business services provider’s stock after acquiring an additional 2,344 shares during the period. Ethic Inc.’s holdings in TD SYNNEX were worth $1,449,000 as of its most recent filing with the Securities and Exchange Commission.

A number of other hedge funds also recently modified their holdings of SNX. Mitsubishi UFJ Asset Management Co. Ltd. raised its holdings in shares of TD SYNNEX by 329.8% in the 1st quarter. Mitsubishi UFJ Asset Management Co. Ltd. now owns 245 shares of the business services provider’s stock worth $25,000 after purchasing an additional 188 shares during the period. Cullen Frost Bankers Inc. bought a new stake in shares of TD SYNNEX in the 1st quarter worth approximately $44,000. Quarry LP bought a new stake in TD SYNNEX during the 1st quarter valued at $51,000. SVB Wealth LLC bought a new stake in TD SYNNEX during the 1st quarter valued at $72,000. Finally, Blue Trust Inc. raised its holdings in TD SYNNEX by 23.7% during the 2nd quarter. Blue Trust Inc. now owns 543 shares of the business services provider’s stock valued at $74,000 after acquiring an additional 104 shares during the period. Institutional investors own 84.00% of the company’s stock.

TD SYNNEX Trading Up 1.1%

TD SYNNEX stock opened at $155.11 on Friday. The stock has a market cap of $12.63 billion, a P/E ratio of 16.82, a PEG ratio of 1.19 and a beta of 1.43. TD SYNNEX Corporation has a fifty-two week low of $92.23 and a fifty-two week high of $167.76. The firm’s fifty day moving average price is $152.95 and its 200-day moving average price is $136.64. The company has a debt-to-equity ratio of 0.36, a quick ratio of 0.71 and a current ratio of 1.20.

TD SYNNEX (NYSE:SNX) last announced its earnings results on Thursday, September 25th. The business services provider reported $2.74 earnings per share (EPS) for the quarter, missing the consensus estimate of $3.05 by ($0.31). TD SYNNEX had a return on equity of 12.13% and a net margin of 1.27%.The company had revenue of $15.65 billion during the quarter, compared to analysts’ expectations of $15.11 billion. During the same quarter last year, the firm posted $2.86 earnings per share. The firm’s revenue was up 6.6% on a year-over-year basis. TD SYNNEX has set its Q4 2025 guidance at 3.450-3.950 EPS. Equities research analysts forecast that TD SYNNEX Corporation will post 11.88 earnings per share for the current fiscal year.

TD SYNNEX Dividend Announcement

The business also recently announced a quarterly dividend, which will be paid on Friday, October 31st. Investors of record on Friday, October 17th will be given a $0.44 dividend. The ex-dividend date is Friday, October 17th. This represents a $1.76 annualized dividend and a yield of 1.1%. TD SYNNEX’s payout ratio is 19.09%.

Insider Activity at TD SYNNEX

In related news, Director Ann F. Vezina sold 812 shares of the company’s stock in a transaction on Wednesday, August 13th. The shares were sold at an average price of $150.42, for a total value of $122,141.04. Following the completion of the transaction, the director directly owned 6,079 shares in the company, valued at approximately $914,403.18. The trade was a 11.78% decrease in their ownership of the stock. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is accessible through the SEC website. Also, Director Richard T. Hume sold 5,000 shares of the company’s stock in a transaction on Thursday, October 16th. The stock was sold at an average price of $155.90, for a total transaction of $779,500.00. Following the completion of the transaction, the director owned 62,515 shares of the company’s stock, valued at $9,746,088.50. This trade represents a 7.41% decrease in their ownership of the stock. The disclosure for this sale can be found here. Insiders have sold a total of 8,435 shares of company stock valued at $1,302,970 over the last ninety days. 1.00% of the stock is currently owned by insiders.

Analysts Set New Price Targets

A number of equities research analysts have issued reports on the stock. Morgan Stanley boosted their target price on shares of TD SYNNEX from $173.00 to $181.00 and gave the company an “overweight” rating in a report on Friday, September 26th. Bank of America boosted their target price on shares of TD SYNNEX from $170.00 to $180.00 and gave the company a “buy” rating in a report on Friday, September 26th. Barrington Research boosted their target price on shares of TD SYNNEX from $156.00 to $182.00 and gave the company an “outperform” rating in a report on Monday, September 29th. Barclays boosted their target price on shares of TD SYNNEX from $140.00 to $164.00 and gave the company an “equal weight” rating in a report on Friday, September 26th. Finally, Royal Bank Of Canada boosted their target price on shares of TD SYNNEX from $165.00 to $180.00 and gave the company an “outperform” rating in a report on Friday, September 26th. One research analyst has rated the stock with a Strong Buy rating, nine have assigned a Buy rating and two have issued a Hold rating to the company. Based on data from MarketBeat, the company currently has an average rating of “Moderate Buy” and a consensus target price of $169.55.

TD SYNNEX Company Profile

TD SYNNEX Corporation operates as a distributor and solutions aggregator for the information technology (IT) ecosystem. The company offers personal computing devices and peripherals, mobile phones and accessories, printers, supplies, and endpoint technology software; and data center technologies, such as hybrid cloud, security, storage, networking, servers, technology software, and converged and hyper-converged infrastructure, as well as computing components.