Cookson Peirce & Co. Inc. Sells 9,092 Shares of TD SYNNEX Corporation $SNX

Cookson Peirce & Co. Inc. trimmed its stake in TD SYNNEX Corporation (NYSE:SNX) by 21.1% in the 3rd quarter, according to the company in its most recent filing with the Securities and Exchange Commission. The institutional investor owned 34,060 shares of the business services provider’s stock after selling 9,092 shares during the period. Cookson Peirce & Co. Inc.’s holdings in TD SYNNEX were worth $5,577,000 at the end of the most recent quarter.

A number of other institutional investors also recently added to or reduced their stakes in the stock. Root Financial Partners LLC purchased a new position in TD SYNNEX in the third quarter valued at about $42,000. Caitong International Asset Management Co. Ltd bought a new position in TD SYNNEX in the second quarter worth about $55,000. MAI Capital Management boosted its holdings in shares of TD SYNNEX by 90.2% in the 2nd quarter. MAI Capital Management now owns 428 shares of the business services provider’s stock valued at $58,000 after buying an additional 203 shares in the last quarter. Hantz Financial Services Inc. boosted its holdings in shares of TD SYNNEX by 1,012.5% in the 2nd quarter. Hantz Financial Services Inc. now owns 445 shares of the business services provider’s stock valued at $60,000 after buying an additional 405 shares in the last quarter. Finally, Blue Trust Inc. grew its position in shares of TD SYNNEX by 23.7% in the 2nd quarter. Blue Trust Inc. now owns 543 shares of the business services provider’s stock worth $74,000 after buying an additional 104 shares during the last quarter. Institutional investors own 84.00% of the company’s stock.

Insider Transactions at TD SYNNEX

In other TD SYNNEX news, Director Merline Saintil sold 168 shares of TD SYNNEX stock in a transaction dated Thursday, December 4th. The stock was sold at an average price of $153.38, for a total transaction of $25,767.84. Following the completion of the transaction, the director owned 7,162 shares in the company, valued at approximately $1,098,507.56. This trade represents a 2.29% decrease in their position. The transaction was disclosed in a filing with the SEC, which is accessible through this link. Also, CEO Patrick Zammit sold 13,900 shares of the business’s stock in a transaction dated Friday, February 6th. The shares were sold at an average price of $171.57, for a total value 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 approximately $29,326,116.96. This trade represents a 7.52% decrease in their position. The SEC filing for this sale provides additional information. Insiders have sold 85,916 shares of company stock worth $13,871,759 over the last 90 days. 1.00% of the stock is currently owned by company insiders.

Wall Street Analysts Forecast Growth

Several equities research analysts have weighed in on the stock. 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 research note on Friday, January 9th. Morgan Stanley lowered their price objective on TD SYNNEX from $177.00 to $172.00 and set an “overweight” rating for the company in a research report on Friday, January 9th. Wall Street Zen lowered TD SYNNEX from a “buy” rating to a “hold” rating in a research report on Tuesday. Royal Bank Of Canada reiterated an “outperform” rating on shares of TD SYNNEX in a research note on Monday, December 22nd. Finally, Barrington Research restated an “outperform” rating and set a $182.00 price target on shares of TD SYNNEX in a research note on Friday, January 9th. Nine analysts have rated the stock with a Buy rating and three have issued a Hold rating to the company. Based on data from MarketBeat.com, TD SYNNEX has an average rating of “Moderate Buy” and a consensus target price of $170.64.

TD SYNNEX Stock Performance

Shares of SNX opened at $157.76 on Friday. 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 stock has a 50-day moving average of $155.28 and a two-hundred day moving average of $152.78. The stock has a market cap of $12.72 billion, a P/E ratio of 15.82, a P/E/G ratio of 1.22 and a beta of 1.38. TD SYNNEX Corporation has a one year low of $92.23 and a one year 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 (EPS) for the quarter, topping the consensus estimate of $3.68 by $0.15. The firm had revenue of $17.38 billion during the quarter, compared to analysts’ expectations of $15.46 billion. TD SYNNEX had a return on equity of 12.60% and a net margin of 1.32%.The company’s revenue for the quarter was up 9.7% compared to the same quarter last year. During the same period last year, the business posted $3.09 earnings per share. 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 EPS for the current year.

TD SYNNEX Increases Dividend

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

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.