Freedom Investment Management Inc. Lowers Holdings in TD SYNNEX Corporation $SNX

Freedom Investment Management Inc. lowered its holdings in TD SYNNEX Corporation (NYSE:SNX) by 24.7% in the second quarter, according to the company in its most recent disclosure with the SEC. The firm owned 2,210 shares of the business services provider’s stock after selling 725 shares during the quarter. Freedom Investment Management Inc.’s holdings in TD SYNNEX were worth $300,000 as of its most recent filing with the SEC.

A number of other hedge funds and other institutional investors also recently bought and sold shares of SNX. GAMMA Investing LLC lifted its holdings in TD SYNNEX by 16.8% in the first quarter. GAMMA Investing LLC now owns 750 shares of the business services provider’s stock valued at $78,000 after acquiring an additional 108 shares during the period. Wealth Enhancement Advisory Services LLC lifted its holdings in TD SYNNEX by 3.5% in the first quarter. Wealth Enhancement Advisory Services LLC now owns 7,252 shares of the business services provider’s stock valued at $754,000 after acquiring an additional 244 shares during the period. Cambridge Investment Research Advisors Inc. lifted its holdings in TD SYNNEX by 11.9% in the first quarter. Cambridge Investment Research Advisors Inc. now owns 7,361 shares of the business services provider’s stock valued at $765,000 after acquiring an additional 785 shares during the period. Oppenheimer Asset Management Inc. lifted its holdings in TD SYNNEX by 1.9% in the first quarter. Oppenheimer Asset Management Inc. now owns 8,041 shares of the business services provider’s stock valued at $836,000 after acquiring an additional 148 shares during the period. Finally, Asset Management One Co. Ltd. acquired a new stake in TD SYNNEX in the first quarter valued at $982,000. Institutional investors and hedge funds own 84.00% of the company’s stock.

TD SYNNEX Trading Up 1.1%

TD SYNNEX stock opened at $155.11 on Monday. The stock has a market cap of $12.63 billion, a PE ratio of 16.82, a P/E/G ratio of 1.19 and a beta of 1.43. The stock has a 50-day moving average price of $152.95 and a 200 day moving average price of $136.84. TD SYNNEX Corporation has a 52 week low of $92.23 and a 52 week high of $167.76. The company has a current ratio of 1.20, a quick ratio of 0.71 and a debt-to-equity ratio of 0.36.

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

TD SYNNEX Announces Dividend

The firm also recently declared a quarterly dividend, which will be paid on Friday, October 31st. Shareholders of record on Friday, October 17th will be issued 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%.

Analyst Ratings Changes

A number of equities research analysts have commented on the company. Barclays raised their target price on TD SYNNEX from $140.00 to $164.00 and gave the company an “equal weight” rating in a report on Friday, September 26th. UBS Group lifted their price target on TD SYNNEX from $154.00 to $187.00 and gave the stock a “buy” rating in a research note on Monday, September 29th. JPMorgan Chase & Co. lifted their price target on TD SYNNEX from $143.00 to $160.00 and gave the stock a “neutral” rating in a research note on Thursday, July 17th. Wall Street Zen raised TD SYNNEX from a “hold” rating to a “buy” rating in a research note on Sunday. Finally, Morgan Stanley lifted their price target on TD SYNNEX from $173.00 to $181.00 and gave the stock an “overweight” rating in a research note 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 stock. According to data from MarketBeat.com, the company presently has an average rating of “Moderate Buy” and an average target price of $169.55.

Insiders Place Their Bets

In other TD SYNNEX news, CFO Marshall Witt sold 861 shares of TD SYNNEX stock in a transaction dated Wednesday, September 17th. The stock was sold at an average price of $149.84, for a total value of $129,012.24. Following the completion of the sale, the chief financial officer owned 49,777 shares in the company, valued at $7,458,585.68. The trade was a 1.70% decrease in their position. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is available through this link. Also, Director Richard T. Hume sold 5,000 shares of TD SYNNEX stock in a transaction dated Thursday, October 16th. The shares were sold at an average price of $155.90, for a total value of $779,500.00. Following the completion of the sale, 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 position. The disclosure for this sale can be found here. Insiders have sold 8,435 shares of company stock worth $1,302,970 over the last 90 days. Corporate insiders own 1.00% of the company’s stock.

TD SYNNEX 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.