TD SYNNEX’s (SNX) Outperform Rating Reaffirmed at Barrington Research

Barrington Research restated their outperform rating on shares of TD SYNNEX (NYSE:SNX) in a research report sent to investors on Friday,Benzinga reports. They currently have a $182.00 price target on the business services provider’s stock.

A number of other equities research analysts also recently weighed in on the stock. Zacks Research downgraded shares of TD SYNNEX from a “strong-buy” rating to a “hold” rating in a research note on Monday, December 15th. Barclays lowered their target price on shares of TD SYNNEX from $164.00 to $163.00 and set an “equal weight” rating for the company in a report on Friday, January 9th. Royal Bank Of Canada reiterated an “outperform” rating on shares of TD SYNNEX in a research report on Monday, December 22nd. Morgan Stanley increased their price target on TD SYNNEX from $172.00 to $174.00 and gave the company an “overweight” rating in a research note on Friday, March 20th. Finally, Wall Street Zen upgraded TD SYNNEX from a “hold” rating to a “buy” rating in a research report on Saturday, February 21st. Eight analysts have rated the stock with a Buy rating and three have given a Hold rating to the company. According to data from MarketBeat.com, the stock presently has a consensus rating of “Moderate Buy” and an average price target of $174.70.

TD SYNNEX Price Performance

TD SYNNEX stock opened at $157.31 on Friday. The business’s 50-day simple moving average is $158.54 and its 200 day simple moving average is $155.05. The company has a quick ratio of 0.75, a current ratio of 1.21 and a debt-to-equity ratio of 0.43. The stock has a market cap of $12.68 billion, a price-to-earnings ratio of 15.78, a P/E/G ratio of 1.14 and a beta of 1.37. TD SYNNEX has a 12-month low of $92.23 and a 12-month high of $175.56.

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

TD SYNNEX Increases Dividend

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

Insiders Place Their Bets

In other news, Director Richard T. Hume sold 23,365 shares of TD SYNNEX stock in a transaction 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 transaction, the director directly owned 42,515 shares of the company’s stock, valued at $6,829,184.45. This trade represents a 35.47% decrease in their ownership of the stock. The sale was disclosed in a document filed with the SEC, which is available through this hyperlink. Also, CEO Patrick Zammit sold 13,900 shares of the business’s stock in a transaction on Friday, February 6th. The shares were sold at an average price of $171.57, for a total transaction 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 $29,326,116.96. This trade represents a 7.52% decrease in their position. Additional details regarding this sale are available in the official SEC disclosure. Over the last three months, insiders have sold 80,915 shares of company stock worth $13,111,786. Company insiders own 0.70% of the company’s stock.

Institutional Investors Weigh In On TD SYNNEX

Large investors have recently modified their holdings of the business. Norges Bank acquired a new stake in shares of TD SYNNEX during the fourth quarter worth about $148,559,000. Alyeska Investment Group L.P. acquired a new position in shares of TD SYNNEX in the 3rd quarter valued at approximately $135,631,000. AQR Capital Management LLC increased its stake in TD SYNNEX by 141.8% during the 4th quarter. AQR Capital Management LLC now owns 934,772 shares of the business services provider’s stock worth $140,431,000 after purchasing an additional 548,180 shares in the last quarter. Victory Capital Management Inc. raised its holdings in 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 worth $119,263,000 after buying an additional 402,573 shares during the period. Finally, Wedge Capital Management L L P NC acquired a new stake in TD SYNNEX during the 4th quarter worth approximately $60,104,000. 84.00% of the stock is currently owned by institutional investors.

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.