Ellevest Inc. Increases Stock Holdings in TD SYNNEX Corporation $SNX

Ellevest Inc. raised its holdings in TD SYNNEX Corporation (NYSE:SNX) by 14.3% in the second quarter, according to the company in its most recent disclosure with the SEC. The fund owned 2,762 shares of the business services provider’s stock after buying an additional 345 shares during the quarter. Ellevest Inc.’s holdings in TD SYNNEX were worth $375,000 at the end of the most recent reporting period.

Other institutional investors have also added to or reduced their stakes in the company. Bank of New York Mellon Corp increased its holdings in shares of TD SYNNEX by 1.7% during the second quarter. Bank of New York Mellon Corp now owns 717,576 shares of the business services provider’s stock valued at $97,375,000 after acquiring an additional 12,122 shares in the last quarter. Verity Asset Management Inc. purchased a new stake in TD SYNNEX during the 2nd quarter worth approximately $319,000. Versor Investments LP increased its stake in TD SYNNEX by 27.5% during the 2nd quarter. Versor Investments LP now owns 10,886 shares of the business services provider’s stock valued at $1,477,000 after purchasing an additional 2,349 shares in the last quarter. GHP Investment Advisors Inc. increased its stake in TD SYNNEX by 2.0% during the 2nd quarter. GHP Investment Advisors Inc. now owns 15,340 shares of the business services provider’s stock valued at $2,082,000 after purchasing an additional 306 shares in the last quarter. Finally, Kesler Norman & Wride LLC raised its holdings in shares of TD SYNNEX by 6.3% in the second quarter. Kesler Norman & Wride LLC now owns 8,314 shares of the business services provider’s stock worth $1,129,000 after buying an additional 494 shares during the last quarter. Institutional investors and hedge funds own 84.00% of the company’s stock.

Insider Buying and Selling at TD SYNNEX

In other TD SYNNEX news, insider Miriam Anne Murphy sold 1,673 shares of the stock in a transaction that occurred on Friday, October 31st. The stock was sold at an average price of $156.49, for a total transaction of $261,807.77. Following the transaction, the insider owned 16,529 shares in the company, valued at approximately $2,586,623.21. This represents a 9.19% decrease in their ownership of the stock. The sale was disclosed in a document filed with the SEC, which can be accessed through this hyperlink. Also, CFO Marshall Witt sold 861 shares of the firm’s stock in a transaction that occurred on Wednesday, September 17th. The shares were 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 directly owned 49,777 shares in the company, valued at approximately $7,458,585.68. The trade was a 1.70% decrease in their ownership of the stock. The disclosure for this sale is available in the SEC filing. Over the last 90 days, insiders sold 15,444 shares of company stock worth $2,386,174. 1.00% of the stock is currently owned by company insiders.

Wall Street Analysts Forecast Growth

Several equities analysts recently issued reports on SNX shares. Bank of America upped their target price on TD SYNNEX from $170.00 to $180.00 and gave the company a “buy” rating in a research report on Friday, September 26th. Zacks Research raised TD SYNNEX from a “hold” rating to a “strong-buy” rating in a report on Wednesday, October 1st. Raymond James Financial set a $175.00 price objective on TD SYNNEX in a research note on Thursday, September 25th. Morgan Stanley upped their target price on TD SYNNEX from $173.00 to $181.00 and gave the company an “overweight” rating in a research report on Friday, September 26th. Finally, Royal Bank Of Canada raised their price target on shares of TD SYNNEX from $165.00 to $180.00 and gave the stock an “outperform” rating in a research report on Friday, September 26th. One research analyst has rated the stock with a Strong Buy rating, nine have given a Buy rating and two have assigned a Hold rating to the company. Based on data from MarketBeat, the stock currently has a consensus rating of “Moderate Buy” and an average target price of $169.55.

TD SYNNEX Stock Down 2.2%

Shares of SNX stock opened at $149.86 on Friday. TD SYNNEX Corporation has a twelve month low of $92.23 and a twelve month high of $167.76. The stock has a market cap of $12.20 billion, a P/E ratio of 16.25, a P/E/G ratio of 1.19 and a beta of 1.41. The stock has a 50 day moving average of $154.10 and a 200 day moving average of $139.73. 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 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 firm had revenue of $15.65 billion for the quarter, compared to analyst estimates of $15.11 billion. TD SYNNEX had a return on equity of 12.13% and a net margin of 1.27%.TD SYNNEX’s revenue for the quarter was up 6.6% compared to the same quarter last year. During the same period in the previous year, the business earned $2.86 EPS. TD SYNNEX has set its Q4 2025 guidance at 3.450-3.950 EPS. As a group, sell-side analysts expect that TD SYNNEX Corporation will post 11.88 EPS for the current year.

TD SYNNEX Dividend Announcement

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

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.