VestGen Advisors LLC trimmed its position in TD SYNNEX Corporation (NYSE:SNX – Free Report) by 59.5% during the third quarter, according to the company in its most recent Form 13F filing with the Securities and Exchange Commission. The institutional investor owned 1,981 shares of the business services provider’s stock after selling 2,909 shares during the quarter. VestGen Advisors LLC’s holdings in TD SYNNEX were worth $509,000 at the end of the most recent quarter.
A number of other large investors also recently modified their holdings of the company. Asset Management One Co. Ltd. bought a new stake in TD SYNNEX during the 3rd quarter worth approximately $2,077,000. Balance Wealth Partners LLC bought a new position in TD SYNNEX in the 3rd quarter valued at $65,000. Park Avenue Securities LLC boosted its holdings in TD SYNNEX by 29.7% in the 3rd quarter. Park Avenue Securities LLC now owns 1,572 shares of the business services provider’s stock valued at $404,000 after purchasing an additional 360 shares during the period. WESPAC Advisors LLC boosted its holdings in TD SYNNEX by 16.2% in the 3rd quarter. WESPAC Advisors LLC now owns 2,084 shares of the business services provider’s stock valued at $535,000 after purchasing an additional 290 shares during the period. Finally, Provident Investment Management Inc. grew its position in shares of TD SYNNEX by 2.2% during the 3rd quarter. Provident Investment Management Inc. now owns 3,426 shares of the business services provider’s stock valued at $880,000 after purchasing an additional 75 shares in the last quarter. 84.00% of the stock is currently owned by institutional investors.
Wall Street Analysts Forecast Growth
Several research analysts have recently weighed in on the stock. Barclays upped their price target on shares of TD SYNNEX from $278.00 to $287.00 and gave the stock an “equal weight” rating in a report on Tuesday, September 8th. Weiss Ratings lowered TD SYNNEX from a “buy (b+)” rating to a “buy (b)” rating in a research note on Friday, October 23rd. UBS Group boosted their target price on TD SYNNEX from $352.00 to $379.00 and gave the stock a “buy” rating in a research report on Friday, September 25th. Zacks Research raised TD SYNNEX from a “hold” rating to a “strong-buy” rating in a report on Tuesday, September 29th. Finally, Morgan Stanley raised their price target on TD SYNNEX from $334.00 to $359.00 and gave the company an “overweight” rating in a report on Friday, September 25th. One research analyst has rated the stock with a Strong Buy rating, seven have given a Buy rating and one has issued a Hold rating to the company. According to data from MarketBeat.com, the stock has a consensus rating of “Buy” and a consensus target price of $331.14.
Check Out Our Latest Analysis on SNX
Insider Buying and Selling at TD SYNNEX
In other TD SYNNEX news, Director Richard T. Hume sold 5,000 shares of the company’s stock in a transaction dated Wednesday, August 5th. The shares were sold at an average price of $262.21, for a total transaction of $1,311,050.00. Following the completion of the sale, the director directly owned 13,537 shares in the company, valued at $3,549,536.77. This represents a 26.97% decrease in their ownership of the stock. The transaction was disclosed in a filing with the SEC, which is available at this hyperlink. The transaction was executed under a pre-arranged Rule 10b5-1 trading plan. Also, insider Alim Dhanji sold 3,775 shares of the firm’s stock in a transaction dated Thursday, October 22nd. The shares were sold at an average price of $241.01, for a total value of $909,812.75. Following the transaction, the insider directly owned 11,712 shares in the company, valued at $2,822,709.12. This trade represents a 24.38% decrease in their ownership of the stock. The SEC filing for this sale provides additional information. 0.70% of the stock is currently owned by company insiders.
TD SYNNEX Stock Performance
Shares of NYSE SNX opened at $236.81 on Monday. The stock’s 50-day moving average is $260.67 and its 200 day moving average is $225.55. The stock has a market cap of $18.89 billion, a price-to-earnings ratio of 14.43, a P/E/G ratio of 0.47 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 current ratio of 1.19, a quick ratio of 0.64 and a debt-to-equity ratio of 0.39.
TD SYNNEX (NYSE:SNX – Get Free Report) last issued its earnings results on Thursday, September 24th. The business services provider reported $5.68 earnings per share (EPS) for the quarter, topping the consensus estimate of $4.70 by $0.98. The business had revenue of $21.56 billion during the quarter, compared to analyst estimates 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 for the quarter was up 37.7% on a year-over-year basis. During the same quarter in the prior year, the firm 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 EPS for the current fiscal year.
TD SYNNEX Dividend Announcement
The firm also recently announced a quarterly dividend, which was paid on Friday, October 30th. Investors of record on Friday, October 16th were issued a dividend of $0.48 per share. The ex-dividend date of this dividend was Friday, October 16th. This represents a $1.92 annualized dividend and a dividend yield of 0.8%. TD SYNNEX’s dividend payout ratio (DPR) is currently 11.70%.
TD SYNNEX 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.
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