Lyrical Asset Management LP Sells 69,896 Shares of TD SYNNEX Corporation $SNX

Posted by Brian Himes on Jun 8th, 2026

Lyrical Asset Management LP reduced its position in shares of TD SYNNEX Corporation (NYSE:SNX – Free Report) by 5.4% in the fourth quarter, according to its most recent filing with the SEC. The fund owned 1,220,385 shares of the business services provider’s stock after selling 69,896 shares during the quarter. TD SYNNEX comprises approximately 2.5% of Lyrical Asset Management LP’s holdings, making the stock its 17th largest holding. Lyrical Asset Management LP’s holdings in TD SYNNEX were worth $183,338,000 at the end of the most recent quarter.

A number of other hedge funds and other institutional investors have also recently modified their holdings of the company. Concentric Capital Strategies LP bought a new stake in TD SYNNEX in the third quarter worth $18,036,000. Envestnet Asset Management Inc. lifted its position in TD SYNNEX by 11.1% in the third quarter. Envestnet Asset Management Inc. now owns 82,977 shares of the business services provider’s stock worth $13,587,000 after buying an additional 8,264 shares during the last quarter. Fieldview Capital Management LLC bought a new stake in TD SYNNEX in the third quarter worth $1,318,000. Citigroup Inc. lifted its position in TD SYNNEX by 12.0% in the third quarter. Citigroup Inc. now owns 83,103 shares of the business services provider’s stock worth $13,608,000 after buying an additional 8,914 shares during the last quarter. Finally, Algert Global LLC bought a new stake in TD SYNNEX in the third quarter worth $7,140,000. 84.00% of the stock is currently owned by institutional investors.

TD SYNNEX Price Performance

Shares of SNX stock opened at $268.25 on Monday. The company has a debt-to-equity ratio of 0.41, a current ratio of 1.22 and a quick ratio of 0.71. The company has a market capitalization of $21.56 billion, a P/E ratio of 22.30, a P/E/G ratio of 1.16 and a beta of 1.43. The company’s 50-day simple moving average is $222.16 and its two-hundred day simple moving average is $178.86. TD SYNNEX Corporation has a one year low of $121.50 and a one year high of $286.25.

TD SYNNEX (NYSE:SNX – Get Free Report) last issued its earnings results on Tuesday, March 31st. The business services provider reported $4.73 EPS for the quarter, topping analysts’ consensus estimates of $3.24 by $1.49. The business had revenue of $17.16 billion for the quarter, compared to the consensus estimate of $15.59 billion. TD SYNNEX had a net margin of 1.52% and a return on equity of 14.03%. The company’s revenue for the quarter was up 18.1% compared to the same quarter last year. During the same period in the prior year, the firm earned $2.80 EPS. As a group, equities analysts anticipate that TD SYNNEX Corporation will post 15.88 EPS for the current year.

TD SYNNEX Announces Dividend

The firm also recently announced a quarterly dividend, which was paid on Wednesday, April 29th. Shareholders of record on Wednesday, April 15th were issued a dividend of $0.48 per share. This represents a $1.92 annualized dividend and a yield of 0.7%. The ex-dividend date was Wednesday, April 15th. TD SYNNEX’s dividend payout ratio is presently 15.96%.

Analyst Upgrades and Downgrades

A number of brokerages recently issued reports on SNX. JPMorgan Chase & Co. upgraded TD SYNNEX from a “neutral” rating to an “overweight” rating and set a $298.00 price target for the company in a research report on Wednesday, May 27th. The Goldman Sachs Group raised their price target on TD SYNNEX from $180.00 to $205.00 and gave the stock a “buy” rating in a research report on Thursday, April 2nd. Zacks Research downgraded TD SYNNEX from a “strong-buy” rating to a “hold” rating in a research report on Monday, June 1st. Barclays raised their price target on TD SYNNEX from $166.00 to $237.00 and gave the stock an “equal weight” rating in a research report on Friday, May 29th. Finally, Morgan Stanley raised their price target on TD SYNNEX from $172.00 to $174.00 and gave the stock an “overweight” rating in a research report on Friday, March 20th. Nine research analysts have rated the stock with a Buy rating and two have given a Hold rating to the stock. According to data from MarketBeat.com, the company currently has an average rating of “Moderate Buy” and a consensus price target of $212.60.

Check Out Our Latest Stock Analysis on TD SYNNEX

Insiders Place Their Bets

In other TD SYNNEX news, CFO David Gregory Jordan sold 3,225 shares of the stock in a transaction dated Monday, April 6th. The shares were sold at an average price of $189.46, for a total transaction of $611,008.50. Following the transaction, the chief financial officer directly owned 14,035 shares in the company, valued at $2,659,071.10. This represents a 18.68% decrease in their position. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is available at the SEC website. Also, Director Richard T. Hume sold 5,000 shares of the stock in a transaction dated Tuesday, June 2nd. The stock was sold at an average price of $280.38, for a total transaction of $1,401,900.00. Following the transaction, the director owned 23,537 shares in the company, valued at approximately $6,599,304.06. The trade was a 17.52% decrease in their ownership of the stock. The disclosure for this sale is available in the SEC filing. The transaction was executed under a pre-arranged Rule 10b5-1 trading plan. Insiders have sold a total of 21,250 shares of company stock worth $4,935,282 in the last three months. Corporate insiders own 0.70% of the company’s stock.

TD SYNNEX Profile

(Free Report)

TD SYNNEX (NYSE: SNX) is a leading global distributor and solutions aggregator for the information technology industry. Formed in September 2021 through the merger of Tech Data and SYNNEX Corporation, the company provides a comprehensive range of products, services and solutions that span hardware, software, cloud, mobility, security and data center technologies. TD SYNNEX partners with vendors, resellers and system integrators to design, deploy and support IT infrastructures across diverse market segments, including commercial enterprises, public sector organizations and retail operations.

The company’s core business activities include the distribution of technology products from manufacturers such as servers, storage, networking equipment and peripherals, as well as the resale and provisioning of software licenses and cloud-based solutions.