Richard Hume Sells 12,991 Shares of TD SYNNEX (NYSE:SNX) Stock

TD SYNNEX Corporation (NYSE:SNX) Director Richard Hume sold 12,991 shares of the business’s stock in a transaction that occurred on Wednesday, January 28th. The shares were sold at an average price of $160.34, for a total value of $2,082,976.94. Following the transaction, the director owned 47,515 shares of the company’s stock, valued at $7,618,555.10. This represents a 21.47% decrease in their position. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is accessible through the SEC website.

TD SYNNEX Price Performance

SNX stock traded down $3.11 during trading on Friday, hitting $158.65. The company had a trading volume of 587,789 shares, compared to its average volume of 971,684. TD SYNNEX Corporation has a fifty-two week low of $92.23 and a fifty-two week high of $167.76. 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 50 day moving average of $152.61 and a 200 day moving average of $151.27. The firm has a market capitalization of $12.92 billion, a price-to-earnings ratio of 15.91, a P/E/G ratio of 1.14 and a beta of 1.37.

TD SYNNEX (NYSE:SNX) last issued its quarterly earnings results on Thursday, January 8th. The business services provider reported $3.83 earnings per share for the quarter, beating analysts’ consensus estimates of $3.68 by $0.15. The company had revenue of $17.38 billion during 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%. TD SYNNEX’s revenue was up 9.7% on a year-over-year basis. During the same period in the prior year, the company earned $3.09 EPS. TD SYNNEX has set its Q1 2026 guidance at 3.000-3.500 EPS. As a group, research analysts predict that TD SYNNEX Corporation will post 11.88 earnings per share for the current year.

TD SYNNEX Increases Dividend

The firm also recently disclosed a quarterly dividend, which will be paid on Friday, January 30th. Investors of record on Friday, January 16th will be paid a $0.48 dividend. The ex-dividend date of this dividend is Friday, January 16th. This represents a $1.92 annualized dividend and a yield of 1.2%. This is an increase from TD SYNNEX’s previous quarterly dividend of $0.44. TD SYNNEX’s dividend payout ratio (DPR) is currently 19.26%.

Institutional Trading of TD SYNNEX

Large investors have recently bought and sold shares of the business. Dorato Capital Management purchased a new stake in shares of TD SYNNEX in the fourth quarter worth approximately $27,000. Ossiam boosted its holdings in TD SYNNEX by 84.3% in the 3rd quarter. Ossiam now owns 164 shares of the business services provider’s stock valued at $27,000 after purchasing an additional 75 shares during the period. Measured Wealth Private Client Group LLC bought a new position in TD SYNNEX in the third quarter valued at $30,000. Brown Brothers Harriman & Co. grew its stake in shares of TD SYNNEX by 675.9% during the third quarter. Brown Brothers Harriman & Co. now owns 225 shares of the business services provider’s stock valued at $37,000 after buying an additional 196 shares during the last quarter. Finally, Root Financial Partners LLC purchased a new stake in shares of TD SYNNEX during the third quarter worth about $42,000. 84.00% of the stock is currently owned by institutional investors and hedge funds.

Wall Street Analyst Weigh In

A number of analysts have issued reports on SNX shares. 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. Royal Bank Of Canada reaffirmed an “outperform” rating on shares of TD SYNNEX in a research note on Monday, December 22nd. Morgan Stanley cut their price objective on TD SYNNEX from $177.00 to $172.00 and set an “overweight” rating on the stock in a report on Friday, January 9th. Wall Street Zen downgraded shares of TD SYNNEX from a “buy” rating to a “hold” rating in a research note on Sunday, January 25th. Finally, Weiss Ratings restated a “buy (b-)” rating on shares of TD SYNNEX in a research note on Wednesday, January 21st. Nine analysts have rated the stock with a Buy rating and three have assigned a Hold rating to the company. Based on data from MarketBeat, the stock currently has a consensus rating of “Moderate Buy” and a consensus target price of $170.64.

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.