Royce & Associates LP Has $11.66 Million Stock Position in TD SYNNEX Corporation $SNX

Royce & Associates LP boosted its holdings in TD SYNNEX Corporation (NYSE:SNX) by 7.0% in the third quarter, according to the company in its most recent Form 13F filing with the SEC. The institutional investor owned 71,223 shares of the business services provider’s stock after purchasing an additional 4,681 shares during the quarter. Royce & Associates LP owned about 0.09% of TD SYNNEX worth $11,663,000 at the end of the most recent quarter.

A number of other institutional investors and hedge funds have also recently modified their holdings of the business. MIRAE ASSET GLOBAL ETFS HOLDINGS Ltd. grew its position in shares of TD SYNNEX by 9.5% during the 1st quarter. MIRAE ASSET GLOBAL ETFS HOLDINGS Ltd. now owns 16,820 shares of the business services provider’s stock worth $1,749,000 after buying an additional 1,460 shares during the period. Goldman Sachs Group Inc. boosted its stake in TD SYNNEX by 5.8% during the first quarter. Goldman Sachs Group Inc. now owns 179,210 shares of the business services provider’s stock worth $18,631,000 after acquiring an additional 9,815 shares in the last quarter. UBS AM A Distinct Business Unit of UBS Asset Management Americas LLC grew its holdings in TD SYNNEX by 6.6% in the first quarter. UBS AM A Distinct Business Unit of UBS Asset Management Americas LLC now owns 204,172 shares of the business services provider’s stock worth $21,226,000 after purchasing an additional 12,615 shares during the period. Hantz Financial Services Inc. increased its stake in TD SYNNEX by 1,012.5% in the second quarter. Hantz Financial Services Inc. now owns 445 shares of the business services provider’s stock valued at $60,000 after purchasing an additional 405 shares in the last quarter. Finally, Atria Investments Inc raised its holdings in shares of TD SYNNEX by 33.8% during the second quarter. Atria Investments Inc now owns 5,156 shares of the business services provider’s stock valued at $700,000 after purchasing an additional 1,302 shares during the period. 84.00% of the stock is currently owned by institutional investors.

TD SYNNEX Trading Up 0.2%

NYSE SNX opened at $157.17 on Tuesday. The company has a current ratio of 1.21, a quick ratio of 0.75 and a debt-to-equity ratio of 0.43. The business has a fifty day simple moving average of $156.70 and a 200 day simple moving average of $153.99. TD SYNNEX Corporation has a 12 month low of $92.23 and a 12 month high of $175.56. The firm has a market capitalization of $12.67 billion, a P/E ratio of 15.76, a PEG ratio of 1.13 and a beta of 1.37.

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

TD SYNNEX Increases Dividend

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

Analysts Set New Price Targets

Several analysts have recently commented on SNX shares. The Goldman Sachs Group initiated coverage on TD SYNNEX in a research note on Tuesday, January 13th. They issued a “buy” rating and a $180.00 target price for the company. Weiss Ratings reiterated a “buy (b-)” rating on shares of TD SYNNEX in a report on Wednesday, January 21st. Royal Bank Of Canada restated an “outperform” rating on shares of TD SYNNEX in a report on Monday, December 22nd. Wall Street Zen raised TD SYNNEX from a “hold” rating to a “buy” rating in a research report on Saturday, February 21st. Finally, Morgan Stanley cut their target price on TD SYNNEX from $177.00 to $172.00 and set an “overweight” rating on the stock in a report on Friday, January 9th. Nine analysts have rated the stock with a Buy rating and three have assigned a Hold rating to the company’s stock. According to data from MarketBeat.com, the stock currently has an average rating of “Moderate Buy” and an average price target of $170.64.

Insider Buying and Selling at TD SYNNEX

In other news, Director Richard T. Hume sold 23,365 shares of the business’s stock in a transaction that occurred on 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 transaction, the director owned 42,515 shares in the company, valued at $6,829,184.45. The trade was a 35.47% decrease in their position. The sale was disclosed in a filing with the Securities & Exchange Commission, which is available at this hyperlink. Also, CEO Patrick Zammit sold 13,900 shares of the company’s stock in a transaction that occurred on Friday, February 6th. The shares were sold at an average price of $171.57, for a total value of $2,384,823.00. Following the completion of the transaction, the chief executive officer directly owned 170,928 shares of the company’s stock, valued at approximately $29,326,116.96. This represents a 7.52% decrease in their ownership of the stock. The disclosure for this sale is available in the SEC filing. In the last 90 days, insiders sold 80,916 shares of company stock worth $13,111,209. Insiders own 0.70% of the company’s stock.

TD SYNNEX Company 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.