WBI Investments LLC Purchases Shares of 4,169 TD SYNNEX Corporation $SNX

WBI Investments LLC purchased a new position in shares of TD SYNNEX Corporation (NYSE:SNX) during the third quarter, HoldingsChannel reports. The institutional investor purchased 4,169 shares of the business services provider’s stock, valued at approximately $683,000.

Other hedge funds and other institutional investors have also made changes to their positions in the company. Ossiam lifted its position in TD SYNNEX by 84.3% during the third quarter. Ossiam now owns 164 shares of the business services provider’s stock worth $27,000 after buying an additional 75 shares during the period. Measured Wealth Private Client Group LLC purchased a new stake in TD SYNNEX in the 3rd quarter valued at about $30,000. Brown Brothers Harriman & Co. increased its stake in shares of TD SYNNEX by 675.9% during the 3rd quarter. Brown Brothers Harriman & Co. now owns 225 shares of the business services provider’s stock valued at $37,000 after acquiring an additional 196 shares during the last quarter. Root Financial Partners LLC purchased a new position in shares of TD SYNNEX during the 3rd quarter worth about $42,000. Finally, MAI Capital Management lifted its holdings in shares of TD SYNNEX by 90.2% during the 2nd quarter. MAI Capital Management now owns 428 shares of the business services provider’s stock worth $58,000 after acquiring an additional 203 shares during the period. Hedge funds and other institutional investors own 84.00% of the company’s stock.

TD SYNNEX Stock Down 1.2%

SNX opened at $152.84 on Thursday. The company has a debt-to-equity ratio of 0.43, a quick ratio of 0.75 and a current ratio of 1.21. The firm has a market cap of $12.32 billion, a price-to-earnings ratio of 15.33, a PEG ratio of 1.11 and a beta of 1.37. TD SYNNEX Corporation has a twelve month low of $92.23 and a twelve month high of $175.56. The firm’s 50-day simple moving average is $157.45 and its 200-day simple moving average is $154.62.

TD SYNNEX (NYSE:SNX) last posted its earnings results on Thursday, January 8th. The business services provider reported $3.83 earnings per share (EPS) 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 analysts’ expectations of $15.46 billion. TD SYNNEX had a net margin of 1.32% and a return on equity of 12.60%. TD SYNNEX’s quarterly revenue was up 9.7% compared to the same quarter last year. During the same quarter in the previous year, the company posted $3.09 earnings per share. TD SYNNEX has set its Q1 2026 guidance at 3.000-3.500 EPS. Equities research analysts anticipate that TD SYNNEX Corporation will post 11.88 EPS for the current fiscal year.

TD SYNNEX Increases Dividend

The firm also recently declared a quarterly dividend, which was paid on Friday, January 30th. Investors of record on Friday, January 16th were issued a $0.48 dividend. This is a positive change from TD SYNNEX’s previous quarterly dividend of $0.44. This represents a $1.92 dividend on an annualized basis and a dividend yield of 1.3%. The ex-dividend date of this dividend was Friday, January 16th. TD SYNNEX’s dividend payout ratio (DPR) is presently 19.26%.

Analysts Set New Price Targets

SNX has been the topic of several research analyst reports. The Goldman Sachs Group started coverage on TD SYNNEX in a research note on Tuesday, January 13th. They set a “buy” rating and a $180.00 price objective on the stock. UBS Group increased their price target on TD SYNNEX from $187.00 to $193.00 and gave the company a “buy” rating in a research report on Friday, January 9th. Weiss Ratings reaffirmed a “buy (b-)” rating on shares of TD SYNNEX in a research note on Wednesday, January 21st. Barrington Research reissued an “outperform” rating and set a $182.00 target price on shares of TD SYNNEX in a research note on Friday, January 9th. Finally, Wall Street Zen upgraded shares of TD SYNNEX from a “hold” rating to a “buy” rating in a report on Saturday, February 21st. Nine equities research analysts have rated the stock with a Buy rating and three have issued a Hold rating to the stock. According to data from MarketBeat.com, the stock currently has a consensus rating of “Moderate Buy” and an average target price of $170.64.

Insiders Place Their Bets

In other TD SYNNEX news, Director Merline Saintil sold 167 shares of the firm’s stock in a transaction dated Wednesday, March 4th. The shares were sold at an average price of $157.75, for a total value of $26,344.25. Following the completion of the sale, the director owned 6,995 shares in the company, valued at approximately $1,103,461.25. This trade represents a 2.33% decrease in their position. The transaction was disclosed in a legal filing with the SEC, which can be accessed through this hyperlink. Also, Director Richard T. Hume sold 23,365 shares of the stock in a transaction that occurred on Monday, February 2nd. The shares were sold at an average price of $160.63, for a total transaction of $3,753,119.95. Following the sale, the director directly owned 42,515 shares in the company, valued at $6,829,184.45. This trade represents a 35.47% decrease in their ownership of the stock. The SEC filing for this sale provides additional information. Insiders have sold a total of 80,915 shares of company stock valued at $13,111,786 in the last 90 days. 0.70% of the stock is currently owned by insiders.

About TD SYNNEX

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.