TD SYNNEX Corporation $SNX Holdings Reduced by Metropolis Capital Ltd

Metropolis Capital Ltd trimmed its holdings in TD SYNNEX Corporation (NYSE:SNX) by 4.8% in the 4th quarter, Holdings Channel.com reports. The institutional investor owned 1,170,085 shares of the business services provider’s stock after selling 58,518 shares during the period. TD SYNNEX comprises about 5.6% of Metropolis Capital Ltd’s portfolio, making the stock its 10th largest holding. Metropolis Capital Ltd’s holdings in TD SYNNEX were worth $175,782,000 as of its most recent SEC filing.

Other hedge funds have also recently made changes to their positions in the company. State Street Corp lifted its position in TD SYNNEX by 0.4% during the third quarter. State Street Corp now owns 2,372,733 shares of the business services provider’s stock valued at $388,535,000 after purchasing an additional 9,024 shares during the period. Thrivent Financial for Lutherans raised its stake in TD SYNNEX by 7.7% during the 3rd quarter. Thrivent Financial for Lutherans now owns 992,779 shares of the business services provider’s stock valued at $162,568,000 after buying an additional 71,249 shares during the last quarter. Alyeska Investment Group L.P. purchased a new stake in TD SYNNEX during the 3rd quarter valued at $135,631,000. Victory Capital Management Inc. lifted its holdings in shares of TD SYNNEX by 123.6% during the 3rd quarter. Victory Capital Management Inc. now owns 728,321 shares of the business services provider’s stock valued at $119,263,000 after buying an additional 402,573 shares during the period. Finally, Boston Partners boosted its stake in shares of TD SYNNEX by 19.0% in the 3rd quarter. Boston Partners now owns 669,118 shares of the business services provider’s stock worth $109,662,000 after buying an additional 106,837 shares during the last quarter. 84.00% of the stock is owned by hedge funds and other institutional investors.

Insider Activity at TD SYNNEX

In other TD SYNNEX news, Director Merline Saintil sold 167 shares of TD SYNNEX stock in a transaction that occurred on Wednesday, March 4th. The stock was sold at an average price of $157.75, for a total value of $26,344.25. Following the sale, the director owned 6,995 shares of the company’s stock, valued at $1,103,461.25. The trade was a 2.33% decrease in their position. The transaction was disclosed in a legal filing with the SEC, which is available through the SEC website. Also, Director Richard T. Hume sold 25,000 shares of the stock in a transaction that occurred on Thursday, January 29th. The shares were sold at an average price of $160.67, for a total value of $4,016,750.00. Following the transaction, the director owned 47,515 shares of the company’s stock, valued at $7,634,235.05. This represents a 34.48% decrease in their ownership of the stock. The SEC filing for this sale provides additional information. Over the last three months, insiders sold 75,915 shares of company stock valued at $12,342,936. Insiders own 0.70% of the company’s stock.

TD SYNNEX Stock Performance

Shares of NYSE SNX opened at $186.90 on Monday. The stock has a market cap of $15.07 billion, a PE ratio of 15.54, a price-to-earnings-growth ratio of 1.08 and a beta of 1.23. TD SYNNEX Corporation has a 1 year low of $92.23 and a 1 year high of $191.79. The firm has a fifty day moving average price of $161.27 and a 200-day moving average price of $156.06. The company has a debt-to-equity ratio of 0.41, a current ratio of 1.22 and a quick ratio of 0.75.

TD SYNNEX (NYSE:SNX) last issued its earnings results on Tuesday, March 31st. The business services provider reported $4.73 earnings per share (EPS) for the quarter, beating the consensus estimate of $3.24 by $1.49. TD SYNNEX had a return on equity of 14.03% and a net margin of 1.52%.The company had revenue of $17.16 billion for the quarter, compared to the consensus estimate of $15.59 billion. During the same quarter last year, the company earned $2.80 EPS. The firm’s quarterly revenue was up 18.1% on a year-over-year basis. Equities analysts anticipate that TD SYNNEX Corporation will post 11.88 earnings per share for the current fiscal year.

TD SYNNEX Announces Dividend

The business also recently disclosed a quarterly dividend, which will be paid on Wednesday, April 29th. Shareholders of record on Wednesday, April 15th will be issued a dividend of $0.48 per share. This represents a $1.92 annualized dividend and a dividend yield of 1.0%. The ex-dividend date of this dividend is Wednesday, April 15th. TD SYNNEX’s dividend payout ratio is 15.96%.

More TD SYNNEX News

Here are the key news stories impacting TD SYNNEX this week:

• Positive Sentiment: Q1 earnings beat and new 52‑week high — TD SYNNEX reported a strong quarter (EPS and revenue above expectations; revenue +18% YoY) and the stock reached a new 52‑week high on the results. Read More.
• Positive Sentiment: RBC raised price target to $210 and set an “outperform” rating, signaling material upside from current levels and adding institutional support for the rally. Read More.
• Positive Sentiment: Goldman Sachs boosted its price target to $205 and maintains a “buy” rating, reinforcing analyst confidence following the earnings beat. Read More.
• Positive Sentiment: Bullish analyst commentary on Hyve and forward EPS growth — Seeking Alpha writeups highlight Hyve’s rapid scaling (now ~27% of EBIT), new hyperscaler customers, and expectations for continued strong EPS growth and margin expansion, supporting longer‑term upside. Read More. Read More.
• Positive Sentiment: Featured among stocks that beat estimates and noted for a recent analyst price‑target increase from Barrington — more third‑party recognition following the earnings outperformance. Read More.
• Neutral Sentiment: Consensus broker view summarized as “Moderate Buy” — a constructive but not unanimous endorsement that suggests cautious optimism among the broader sell‑side community. Read More.

Analyst Ratings Changes

Several brokerages recently commented on SNX. Royal Bank Of Canada lifted their price objective on TD SYNNEX from $180.00 to $210.00 and gave the stock an “outperform” rating in a report on Wednesday, April 1st. Barclays increased their price objective on shares of TD SYNNEX from $163.00 to $166.00 and gave the stock an “equal weight” rating in a research note on Wednesday, April 1st. JPMorgan Chase & Co. raised their price objective on shares of TD SYNNEX from $175.00 to $185.00 and gave the stock a “neutral” rating in a report on Wednesday, April 1st. Wall Street Zen raised shares of TD SYNNEX from a “hold” rating to a “buy” rating in a report on Saturday, February 21st. Finally, UBS Group increased their price target on shares of TD SYNNEX from $187.00 to $193.00 and gave the stock a “buy” rating in a research report on Friday, January 9th. Eight equities research analysts have rated the stock with a Buy rating and three have issued a Hold rating to the company’s stock. According to data from MarketBeat, TD SYNNEX currently has a consensus rating of “Moderate Buy” and an average target price of $183.00.

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.