TD SYNNEX (NYSE:SNX) Upgraded at Wall Street Zen

Wall Street Zen upgraded shares of TD SYNNEX (NYSE:SNX) from a hold rating to a buy rating in a report published on Monday.

SNX has been the subject of several other research reports. Barrington Research reiterated an “outperform” rating and issued a $182.00 target price on shares of TD SYNNEX in a research note on Friday, January 9th. The Goldman Sachs Group assumed coverage on shares of TD SYNNEX in a research report on Tuesday, January 13th. They issued a “buy” rating and a $180.00 price objective for the company. Royal Bank Of Canada reissued an “outperform” rating on shares of TD SYNNEX in a research report on Monday, December 22nd. Barclays cut their target price on TD SYNNEX from $164.00 to $163.00 and set an “equal weight” rating on the stock in a research note on Friday, January 9th. Finally, Weiss Ratings reaffirmed a “buy (b-)” rating on shares of TD SYNNEX in a research report on Wednesday, January 21st. Nine investment analysts have rated the stock with a Buy rating and three have assigned a Hold rating to the company. Based on data from MarketBeat, TD SYNNEX presently has a consensus rating of “Moderate Buy” and a consensus target price of $170.64.

TD SYNNEX Stock Performance

Shares of TD SYNNEX stock opened at $164.19 on Monday. TD SYNNEX has a 52 week low of $92.23 and a 52 week high of $167.76. The company has a quick ratio of 0.75, a current ratio of 1.21 and a debt-to-equity ratio of 0.43. The business has a 50 day moving average price of $153.49 and a 200-day moving average price of $151.87. The company has a market cap of $13.26 billion, a PE ratio of 16.47, a price-to-earnings-growth ratio of 1.16 and a beta of 1.38.

TD SYNNEX (NYSE:SNX) last announced its quarterly earnings results on Thursday, January 8th. The business services provider reported $3.83 earnings per share (EPS) for the quarter, topping the consensus estimate of $3.68 by $0.15. TD SYNNEX had a return on equity of 12.60% and a net margin of 1.32%.The business had revenue of $17.38 billion during the quarter, compared to the consensus estimate of $15.46 billion. During the same quarter in the prior year, the company posted $3.09 earnings per share. TD SYNNEX’s revenue was up 9.7% compared to the same quarter last year. TD SYNNEX has set its Q1 2026 guidance at 3.000-3.500 EPS. Equities analysts anticipate that TD SYNNEX will post 11.88 earnings per share for the current fiscal year.

TD SYNNEX Increases Dividend

The company also recently announced a quarterly dividend, which was paid on Friday, January 30th. Shareholders of record on Friday, January 16th were given a $0.48 dividend. This is an increase from TD SYNNEX’s previous quarterly dividend of $0.44. This represents a $1.92 dividend on an annualized basis and a yield of 1.2%. The ex-dividend date of this dividend was Friday, January 16th. TD SYNNEX’s dividend payout ratio (DPR) is 19.26%.

Insider Buying and Selling at TD SYNNEX

In related news, Director Richard T. Hume sold 23,365 shares of the business’s stock in a transaction dated Monday, February 2nd. The stock was sold at an average price of $160.63, for a total value of $3,753,119.95. Following the sale, the director directly owned 42,515 shares in the company, valued at approximately $6,829,184.45. The trade was a 35.47% decrease in their position. The sale was disclosed in a legal filing with the SEC, which is accessible through this hyperlink. Also, Director Merline Saintil sold 168 shares of the company’s stock in a transaction dated Thursday, December 4th. The shares were sold at an average price of $153.38, for a total transaction of $25,767.84. Following the sale, the director directly owned 7,162 shares in the company, valued at approximately $1,098,507.56. This trade represents a 2.29% decrease in their ownership of the stock. The SEC filing for this sale provides additional information. Over the last 90 days, insiders sold 72,016 shares of company stock worth $11,486,936. Corporate insiders own 1.00% of the company’s stock.

Institutional Inflows and Outflows

Several large investors have recently added to or reduced their stakes in SNX. Dorato Capital Management purchased a new stake in shares of TD SYNNEX in the fourth quarter worth about $27,000. Ossiam increased its holdings in TD SYNNEX by 84.3% during the 3rd quarter. Ossiam now owns 164 shares of the business services provider’s stock worth $27,000 after acquiring an additional 75 shares during the period. Measured Wealth Private Client Group LLC bought a new stake in TD SYNNEX during the 3rd quarter worth approximately $30,000. Brown Brothers Harriman & Co. lifted its stake in TD SYNNEX by 675.9% in the 3rd quarter. Brown Brothers Harriman & Co. now owns 225 shares of the business services provider’s stock worth $37,000 after purchasing an additional 196 shares in the last quarter. Finally, Root Financial Partners LLC purchased a new position in shares of TD SYNNEX during the 3rd quarter valued at $42,000. Institutional investors own 84.00% of the company’s stock.

About TD SYNNEX

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.