TD SYNNEX Corporation $SNX is Hennessy Advisors Inc.’s 4th Largest Position

Hennessy Advisors Inc. lifted its holdings in shares of TD SYNNEX Corporation (NYSE:SNX) by 16.4% in the 2nd quarter, Holdings Channel.com reports. The institutional investor owned 281,600 shares of the business services provider’s stock after buying an additional 39,628 shares during the quarter. TD SYNNEX makes up approximately 2.4% of Hennessy Advisors Inc.’s investment portfolio, making the stock its 4th largest position. Hennessy Advisors Inc.’s holdings in TD SYNNEX were worth $75,283,000 at the end of the most recent quarter.

Several other institutional investors have also recently added to or reduced their stakes in the stock. Weiss Asset Management LP purchased a new stake in shares of TD SYNNEX in the first quarter valued at about $4,435,000. Intech Investment Management LLC lifted its position in TD SYNNEX by 38.4% in the fourth quarter. Intech Investment Management LLC now owns 21,578 shares of the business services provider’s stock valued at $3,242,000 after purchasing an additional 5,982 shares during the period. State of Wyoming purchased a new stake in TD SYNNEX in the 2nd quarter valued at approximately $3,378,000. BlackRock Inc. acquired a new position in TD SYNNEX during the 2nd quarter worth approximately $1,958,683,000. Finally, Geode Capital Management LLC increased its position in TD SYNNEX by 6.9% during the 4th quarter. Geode Capital Management LLC now owns 1,532,784 shares of the business services provider’s stock worth $230,315,000 after purchasing an additional 99,090 shares during the period. Institutional investors and hedge funds own 84.00% of the company’s stock.

Insider Transactions at TD SYNNEX

In other TD SYNNEX news, Director Ann F. Vezina sold 1,273 shares of the company’s stock in a transaction dated Friday, July 31st. The shares were sold at an average price of $256.05, for a total value of $325,951.65. Following the sale, the director owned 5,828 shares of the company’s stock, valued at $1,492,259.40. This represents a 17.93% decrease in their ownership of the stock. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is accessible through the SEC website. Also, Director Richard T. Hume sold 5,000 shares of the stock in a transaction that occurred on Monday, July 6th. The shares were sold at an average price of $242.97, for a total transaction of $1,214,850.00. Following the completion of the sale, the director owned 18,537 shares in the company, valued at $4,503,934.89. This represents a 21.24% decrease in their ownership of the stock. Additional details regarding this sale are available in the official SEC disclosure. The transaction was executed under a pre-arranged Rule 10b5-1 trading plan. In the last 90 days, insiders have sold 16,273 shares of company stock valued at $4,253,752. 0.70% of the stock is currently owned by company insiders.

Analyst Ratings Changes

Several research firms have recently commented on SNX. Morgan Stanley raised their price target on TD SYNNEX from $341.00 to $374.00 and gave the company an “overweight” rating in a report on Friday, June 26th. Barrington Research increased their price objective on TD SYNNEX from $202.00 to $325.00 and gave the stock an “outperform” rating in a research report on Friday, June 26th. Barclays boosted their target price on shares of TD SYNNEX from $237.00 to $278.00 and gave the stock an “equal weight” rating in a research report on Thursday, July 2nd. Weiss Ratings cut shares of TD SYNNEX from a “buy (b+)” rating to a “buy (b)” rating in a research note on Wednesday, June 17th. Finally, Zacks Research downgraded shares of TD SYNNEX from a “strong-buy” rating to a “hold” rating in a report on Tuesday, August 25th. Eight investment analysts have rated the stock with a Buy rating and two have issued a Hold rating to the company. According to MarketBeat, the company has an average rating of “Moderate Buy” and a consensus price target of $294.67.

TD SYNNEX Stock Performance

Shares of SNX stock opened at $253.62 on Friday. The stock has a fifty day moving average price of $254.85 and a 200 day moving average price of $222.97. The stock has a market cap of $20.28 billion, a PE ratio of 18.15, a P/E/G ratio of 0.72 and a beta of 1.44. TD SYNNEX Corporation has a 1 year low of $142.22 and a 1 year high of $296.47. The company has a debt-to-equity ratio of 0.40, a quick ratio of 0.64 and a current ratio of 1.20.

TD SYNNEX (NYSE:SNX) last posted its earnings results on Thursday, June 25th. The business services provider reported $4.85 earnings per share for the quarter, beating the consensus estimate of $4.14 by $0.71. TD SYNNEX had a return on equity of 15.37% and a net margin of 1.63%.The company had revenue of $19.57 billion for the quarter, compared to analyst estimates of $16.80 billion. During the same quarter in the prior year, the company earned $2.99 earnings per share. TD SYNNEX’s revenue was up 31.0% compared to the same quarter last year. TD SYNNEX has set its Q3 2026 guidance at 4.250-4.750 EPS. Sell-side analysts forecast that TD SYNNEX Corporation will post 18.01 earnings per share for the current fiscal year.

TD SYNNEX Announces Dividend

The firm also recently announced a quarterly dividend, which was paid on Friday, July 31st. Shareholders of record on Friday, July 17th were issued a dividend of $0.48 per share. This represents a $1.92 annualized dividend and a yield of 0.8%. The ex-dividend date was Friday, July 17th. TD SYNNEX’s dividend payout ratio (DPR) is 13.74%.

TD SYNNEX Profile

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.