TD SYNNEX Corporation (NYSE:SNX – Get Free Report) insider Alim Dhanji sold 3,775 shares of TD SYNNEX stock in a transaction dated Thursday, October 22nd. The shares were sold at an average price of $241.01, for a total transaction of $909,812.75. Following the transaction, the insider owned 11,712 shares of the company’s stock, valued at $2,822,709.12. This represents a 24.38% decrease in their ownership of the stock. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is accessible through this hyperlink.
TD SYNNEX Stock Up 0.1%
Shares of NYSE:SNX traded up $0.27 during midday trading on Friday, hitting $247.35. 709,890 shares of the company’s stock were exchanged, compared to its average volume of 819,840. The company has a debt-to-equity ratio of 0.39, a current ratio of 1.19 and a quick ratio of 0.64. The stock has a 50 day moving average price of $261.63 and a 200-day moving average price of $251.52. The company has a market cap of $19.73 billion, a PE ratio of 15.07, a price-to-earnings-growth ratio of 0.50 and a beta of 1.37. TD SYNNEX Corporation has a 12 month low of $142.22 and a 12 month high of $298.77.
TD SYNNEX (NYSE:SNX – Get Free Report) last announced its quarterly earnings results on Thursday, September 24th. The business services provider reported $5.68 earnings per share for the quarter, beating the consensus estimate of $4.70 by $0.98. TD SYNNEX had a net margin of 1.75% and a return on equity of 16.78%. The business had revenue of $21.56 billion for the quarter, compared to analysts’ expectations of $18.91 billion. During the same quarter last year, the firm earned $3.58 EPS. The firm’s revenue for the quarter was up 37.7% compared to the same quarter last year. 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 Announces Dividend
The business also recently disclosed a quarterly dividend, which will be paid on Friday, October 30th. Stockholders of record on Friday, October 16th will be paid a $0.48 dividend. The ex-dividend date of this dividend is Friday, October 16th. This represents a $1.92 annualized dividend and a dividend yield of 0.8%. TD SYNNEX’s dividend payout ratio is 11.70%.
Institutional Inflows and Outflows
Several hedge funds and other institutional investors have recently added to or reduced their stakes in the company. Bell Investment Advisors Inc purchased a new stake in TD SYNNEX in the 2nd quarter valued at about $27,000. Fiduciary Financial Advisors bought a new position in shares of TD SYNNEX during the 2nd quarter worth approximately $28,000. SBI Securities Co. Ltd. lifted its position in shares of TD SYNNEX by 116.7% during the 3rd quarter. SBI Securities Co. Ltd. now owns 117 shares of the business services provider’s stock worth $30,000 after buying an additional 63 shares in the last quarter. SJS Investment Consulting Inc. boosted its stake in shares of TD SYNNEX by 44.6% in the 1st quarter. SJS Investment Consulting Inc. now owns 201 shares of the business services provider’s stock worth $34,000 after buying an additional 62 shares during the last quarter. Finally, Essential Partners LLC boosted its stake in shares of TD SYNNEX by 644.4% in the 1st quarter. Essential Partners LLC now owns 201 shares of the business services provider’s stock worth $34,000 after buying an additional 174 shares during the last quarter. 84.00% of the stock is currently owned by hedge funds and other institutional investors.
Analyst Upgrades and Downgrades
A number of research firms have recently weighed in on SNX. Zacks Research upgraded TD SYNNEX from a “hold” rating to a “strong-buy” rating in a report on Tuesday, September 29th. Barrington Research upped their price target on TD SYNNEX from $202.00 to $325.00 and gave the stock an “outperform” rating in a report on Friday, June 26th. Weiss Ratings upgraded TD SYNNEX from a “buy (b)” rating to a “buy (b+)” rating in a report on Thursday, October 8th. Royal Bank Of Canada set a $340.00 price target on TD SYNNEX in a research report on Friday, June 26th. Finally, Barclays raised their price objective on TD SYNNEX from $278.00 to $287.00 and gave the company an “equal weight” rating in a research note on Tuesday, September 8th. One research analyst has rated the stock with a Strong Buy rating, seven have given a Buy rating and one has given a Hold rating to the company’s stock. According to data from MarketBeat, the stock presently has a consensus rating of “Buy” and a consensus price target of $331.14.
Get Our Latest Research Report on TD SYNNEX
TD SYNNEX Company 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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