Ann Vezina Sells 1,273 Shares of TD SYNNEX (NYSE:SNX) Stock

TD SYNNEX Corporation (NYSE:SNX) Director Ann 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 transaction of $325,951.65. Following the sale, the director owned 5,828 shares in the company, valued at $1,492,259.40. This represents a 17.93% decrease in their ownership of the stock. The sale was disclosed in a filing with the SEC, which is accessible through this hyperlink.

TD SYNNEX Trading Up 1.5%

SNX opened at $255.93 on Friday. The firm has a market cap of $20.46 billion, a P/E ratio of 18.32, a P/E/G ratio of 0.72 and a beta of 1.43. TD SYNNEX Corporation has a 12 month low of $139.23 and a 12 month high of $296.47. The company has a current ratio of 1.20, a quick ratio of 0.64 and a debt-to-equity ratio of 0.40. The stock has a 50-day moving average of $260.60 and a 200 day moving average of $209.08.

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

TD SYNNEX Announces Dividend

The business also recently declared a quarterly dividend, which was paid on Friday, July 31st. Investors 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 is presently 13.74%.

Analyst Ratings Changes

A number of research analysts have weighed in on SNX shares. UBS Group boosted their price objective on shares of TD SYNNEX from $310.00 to $352.00 and gave the company a “buy” rating in a research report on Friday, June 26th. Barclays raised their target price on shares of TD SYNNEX from $237.00 to $278.00 and gave the stock an “equal weight” rating in a 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. Morgan Stanley upped their price target on shares of TD SYNNEX from $341.00 to $374.00 and gave the company an “overweight” rating in a report on Friday, June 26th. Finally, JPMorgan Chase & Co. raised shares of TD SYNNEX from a “neutral” rating to an “overweight” rating and set a $298.00 price objective on the stock in a research report on Wednesday, May 27th. One equities research analyst has rated the stock with a Strong Buy rating, eight have assigned a Buy rating and one has given a Hold rating to the company’s stock. According to data from MarketBeat.com, the stock presently has a consensus rating of “Buy” and a consensus price target of $294.67.

Hedge Funds Weigh In On TD SYNNEX

Hedge funds have recently bought and sold shares of the business. Intech Investment Management LLC grew its holdings in shares of 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 worth $3,242,000 after purchasing an additional 5,982 shares during the last quarter. CWM LLC lifted its holdings in TD SYNNEX by 474.0% during the 4th quarter. CWM LLC now owns 7,095 shares of the business services provider’s stock valued at $1,066,000 after buying an additional 5,859 shares in the last quarter. R Squared Ltd bought a new stake in TD SYNNEX during the 4th quarter valued at about $1,507,000. Universal Beteiligungs und Servicegesellschaft mbH boosted its position in TD SYNNEX by 44.6% in the 4th quarter. Universal Beteiligungs und Servicegesellschaft mbH now owns 67,521 shares of the business services provider’s stock valued at $10,186,000 after buying an additional 20,815 shares during the period. Finally, Teacher Retirement System of Texas grew its stake in TD SYNNEX by 138.6% in the 4th quarter. Teacher Retirement System of Texas now owns 59,168 shares of the business services provider’s stock worth $8,889,000 after acquiring an additional 34,374 shares in the last quarter. Institutional investors own 84.00% 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.