Foster & Motley Inc. Grows Stock Holdings in TD SYNNEX Corporation $SNX

Foster & Motley Inc. raised its position in shares of TD SYNNEX Corporation (NYSE:SNX) by 10.0% in the 2nd quarter, HoldingsChannel.com reports. The institutional investor owned 38,032 shares of the business services provider’s stock after buying an additional 3,459 shares during the period. Foster & Motley Inc.’s holdings in TD SYNNEX were worth $5,161,000 as of its most recent SEC filing.

Other hedge funds have also modified their holdings of the company. Mitsubishi UFJ Asset Management Co. Ltd. raised its position in shares of TD SYNNEX by 329.8% in the 1st quarter. Mitsubishi UFJ Asset Management Co. Ltd. now owns 245 shares of the business services provider’s stock valued at $25,000 after purchasing an additional 188 shares during the last quarter. Cullen Frost Bankers Inc. purchased a new position in shares of TD SYNNEX in the 1st quarter valued at approximately $44,000. Quarry LP purchased a new position in shares of TD SYNNEX in the 1st quarter valued at approximately $51,000. SVB Wealth LLC purchased a new position in shares of TD SYNNEX in the 1st quarter valued at approximately $72,000. Finally, Blue Trust Inc. raised its position in shares of TD SYNNEX by 23.7% in the 2nd quarter. Blue Trust Inc. now owns 543 shares of the business services provider’s stock valued at $74,000 after purchasing an additional 104 shares during the last quarter. 84.00% of the stock is owned by hedge funds and other institutional investors.

Insider Activity

In other news, Director Richard T. Hume sold 5,000 shares of the firm’s stock in a transaction that occurred on Thursday, October 16th. The shares were sold at an average price of $155.90, for a total transaction of $779,500.00. Following the sale, the director owned 62,515 shares of the company’s stock, valued at $9,746,088.50. This trade represents a 7.41% decrease in their position. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is available through this link. Also, insider Alim Dhanji sold 1,257 shares of the firm’s stock in a transaction that occurred on Tuesday, July 22nd. The stock was sold at an average price of $142.41, for a total transaction of $179,009.37. Following the sale, the insider directly owned 10,984 shares in the company, valued at $1,564,231.44. The trade was a 10.27% decrease in their position. The disclosure for this sale can be found here. Insiders sold 7,930 shares of company stock worth $1,209,663 over the last 90 days. Company insiders own 1.00% of the company’s stock.

Analysts Set New Price Targets

SNX has been the subject of several research analyst reports. Royal Bank Of Canada increased their price objective on shares of TD SYNNEX from $165.00 to $180.00 and gave the company an “outperform” rating in a research report on Friday, September 26th. The Goldman Sachs Group increased their price objective on shares of TD SYNNEX from $145.00 to $164.00 and gave the company a “buy” rating in a research report on Thursday, September 25th. Barclays increased their price objective on shares of TD SYNNEX from $140.00 to $164.00 and gave the company an “equal weight” rating in a research report on Friday, September 26th. Weiss Ratings reiterated a “buy (b-)” rating on shares of TD SYNNEX in a report on Wednesday, October 8th. Finally, Zacks Research upgraded shares of TD SYNNEX from a “hold” rating to a “strong-buy” rating in a report on Wednesday, October 1st. One analyst has rated the stock with a Strong Buy rating, nine have assigned a Buy rating and two have issued a Hold rating to the company’s stock. According to data from MarketBeat.com, the company presently has an average rating of “Moderate Buy” and a consensus price target of $169.55.

TD SYNNEX Price Performance

Shares of NYSE:SNX opened at $153.17 on Friday. TD SYNNEX Corporation has a twelve month low of $92.23 and a twelve month high of $167.76. The company’s 50 day moving average is $152.54 and its 200 day moving average is $134.50. The company has a current ratio of 1.20, a quick ratio of 0.71 and a debt-to-equity ratio of 0.36. The company has a market cap of $12.47 billion, a PE ratio of 16.61, a price-to-earnings-growth ratio of 1.20 and a beta of 1.43.

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. On average, sell-side analysts forecast 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 will be paid on Friday, October 31st. Stockholders of record on Friday, October 17th will be paid a dividend of $0.44 per share. The ex-dividend date of this dividend is Friday, October 17th. This represents a $1.76 dividend on an annualized basis and a dividend yield of 1.1%. TD SYNNEX’s dividend payout ratio (DPR) is presently 19.09%.

TD SYNNEX 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.