Boston Partners Reduces Stock Position in TD SYNNEX Corporation $SNX

Boston Partners trimmed its holdings in TD SYNNEX Corporation (NYSE:SNX) by 5.0% in the second quarter, according to its most recent 13F filing with the Securities and Exchange Commission. The institutional investor owned 562,281 shares of the business services provider’s stock after selling 29,677 shares during the period. Boston Partners owned approximately 0.68% of TD SYNNEX worth $76,329,000 as of its most recent filing with the Securities and Exchange Commission.

Other institutional investors have also recently made changes to their positions in the company. IFP Advisors Inc grew its position in shares of TD SYNNEX by 22.6% in the first quarter. IFP Advisors Inc now owns 1,241 shares of the business services provider’s stock valued at $129,000 after purchasing an additional 229 shares in the last quarter. Avantax Advisory Services Inc. boosted its stake in TD SYNNEX by 12.2% in the 1st quarter. Avantax Advisory Services Inc. now owns 4,327 shares of the business services provider’s stock worth $450,000 after purchasing an additional 470 shares during the period. Cetera Investment Advisers grew its holdings in TD SYNNEX by 25.3% during the 1st quarter. Cetera Investment Advisers now owns 9,349 shares of the business services provider’s stock valued at $972,000 after buying an additional 1,888 shares in the last quarter. HB Wealth Management LLC increased its position in shares of TD SYNNEX by 17.5% during the first quarter. HB Wealth Management LLC now owns 2,800 shares of the business services provider’s stock valued at $291,000 after buying an additional 418 shares during the period. Finally, Zurcher Kantonalbank Zurich Cantonalbank lifted its holdings in shares of TD SYNNEX by 7.5% in the first quarter. Zurcher Kantonalbank Zurich Cantonalbank now owns 20,404 shares of the business services provider’s stock worth $2,121,000 after buying an additional 1,430 shares in the last quarter. Hedge funds and other institutional investors own 84.00% of the company’s stock.

TD SYNNEX Stock Performance

Shares of NYSE SNX opened at $151.98 on Thursday. The stock’s 50-day moving average is $154.02 and its 200 day moving average is $143.59. The stock has a market cap of $12.38 billion, a price-to-earnings ratio of 16.48, a P/E/G ratio of 1.19 and a beta of 1.41. TD SYNNEX Corporation has a 1-year low of $92.23 and a 1-year 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 issued its quarterly earnings results on Thursday, September 25th. The business services provider reported $3.58 EPS for the quarter, beating analysts’ consensus estimates of $3.05 by $0.53. The business had revenue of $15.65 billion for the quarter, compared to analysts’ expectations of $15.11 billion. TD SYNNEX had a net margin of 1.27% and a return on equity of 12.13%. The business’s quarterly revenue was up 6.6% on a year-over-year basis. During the same period last year, the business earned $2.86 earnings per share. TD SYNNEX has set its Q4 2025 guidance at 3.450-3.950 EPS. On average, sell-side analysts anticipate that TD SYNNEX Corporation will post 11.88 EPS for the current fiscal year.

TD SYNNEX Dividend Announcement

The firm also recently declared a quarterly dividend, which was paid on Friday, October 31st. Shareholders of record on Friday, October 17th were paid a $0.44 dividend. The ex-dividend date of this dividend was Friday, October 17th. This represents a $1.76 annualized dividend and a yield of 1.2%. TD SYNNEX’s payout ratio is currently 19.09%.

Insider Buying and Selling at TD SYNNEX

In related news, CFO Marshall Witt sold 861 shares of the stock in a transaction dated Wednesday, September 17th. The stock was sold at an average price of $149.84, for a total transaction of $129,012.24. Following the completion of the sale, the chief financial officer directly owned 49,777 shares in the company, valued at $7,458,585.68. This represents a 1.70% decrease in their position. The sale was disclosed in a legal filing with the SEC, which is available through this link. Also, insider Miriam Anne Murphy sold 1,673 shares of the firm’s stock in a transaction that occurred on Friday, October 31st. The stock was sold at an average price of $156.49, for a total value of $261,807.77. Following the transaction, the insider owned 16,529 shares in the company, valued at approximately $2,586,623.21. The trade was a 9.19% decrease in their ownership of the stock. Additional details regarding this sale are available in the official SEC disclosure. Over the last quarter, insiders sold 14,632 shares of company stock valued at $2,264,033. 1.00% of the stock is currently owned by insiders.

Wall Street Analysts Forecast Growth

Several brokerages recently commented on SNX. UBS Group boosted their price objective on shares of TD SYNNEX from $154.00 to $187.00 and gave the company a “buy” rating in a research note on Monday, September 29th. Wall Street Zen lowered shares of TD SYNNEX from a “buy” rating to a “hold” rating in a research report on Monday, November 3rd. Zacks Research upgraded TD SYNNEX from a “hold” rating to a “strong-buy” rating in a research report on Wednesday, October 1st. Royal Bank Of Canada lifted their price objective on TD SYNNEX from $165.00 to $180.00 and gave the company an “outperform” rating in a research note on Friday, September 26th. Finally, Morgan Stanley upped their target price 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 equities research analyst has rated the stock with a Strong Buy rating, nine have issued a Buy rating and two have issued a Hold rating to the company. Based on data from MarketBeat.com, TD SYNNEX presently has a consensus rating of “Moderate Buy” and a consensus target price of $169.55.

About TD SYNNEX

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.