TD SYNNEX Corporation $SNX Shares Acquired by Quantbot Technologies LP

Quantbot Technologies LP increased its position in TD SYNNEX Corporation (NYSE:SNX) by 182.2% in the third quarter, according to the company in its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The fund owned 41,900 shares of the business services provider’s stock after buying an additional 27,052 shares during the period. Quantbot Technologies LP owned about 0.05% of TD SYNNEX worth $6,861,000 as of its most recent SEC filing.

A number of other hedge funds have also recently bought and sold shares of SNX. Andra AP fonden grew its holdings in TD SYNNEX by 17.1% in the third quarter. Andra AP fonden now owns 9,019 shares of the business services provider’s stock valued at $1,477,000 after purchasing an additional 1,319 shares during the period. Xponance Inc. grew its stake in shares of TD SYNNEX by 1.6% during the 3rd quarter. Xponance Inc. now owns 10,445 shares of the business services provider’s stock valued at $1,710,000 after buying an additional 161 shares during the period. US Bancorp DE increased its holdings in shares of TD SYNNEX by 1.5% during the 3rd quarter. US Bancorp DE now owns 6,457 shares of the business services provider’s stock worth $1,057,000 after buying an additional 96 shares during the last quarter. Citigroup Inc. raised its position in shares of TD SYNNEX by 12.0% in the 3rd quarter. Citigroup Inc. now owns 83,103 shares of the business services provider’s stock worth $13,608,000 after buying an additional 8,914 shares during the period. Finally, Towle & Co. acquired a new position in TD SYNNEX in the third quarter valued at $8,418,000. Institutional investors and hedge funds own 84.00% of the company’s stock.

Insider Buying and Selling at TD SYNNEX

In other TD SYNNEX news, CEO Patrick Zammit sold 13,900 shares of the 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 transaction, the chief executive officer directly owned 170,928 shares of the company’s stock, valued at $29,326,116.96. This represents a 7.52% decrease in their ownership of the stock. The transaction was disclosed in a filing with the SEC, which is available through the SEC website. Also, Director Richard T. Hume sold 23,365 shares of the firm’s stock in a transaction that occurred on Monday, February 2nd. The shares were sold at an average price of $160.63, for a total value of $3,753,119.95. Following the completion of the transaction, the director directly owned 42,515 shares in the company, valued at $6,829,184.45. The trade was a 35.47% decrease in their ownership of the stock. The disclosure for this sale is available in the SEC filing. Over the last ninety days, insiders sold 85,916 shares of company stock valued at $13,871,759. 0.70% of the stock is currently owned by corporate insiders.

Analyst Ratings Changes

A number of equities analysts have recently commented on the stock. UBS Group raised their target price on shares of TD SYNNEX from $187.00 to $193.00 and gave the company a “buy” rating in a research note on Friday, January 9th. The Goldman Sachs Group began coverage on TD SYNNEX in a research report on Tuesday, January 13th. They issued a “buy” rating and a $180.00 price objective on the stock. Morgan Stanley decreased their target price 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. Zacks Research lowered TD SYNNEX from a “strong-buy” rating to a “hold” rating in a research note on Monday, December 15th. Finally, Barclays reduced their price target on TD SYNNEX from $164.00 to $163.00 and set an “equal weight” rating on the stock in a research report on Friday, January 9th. Nine research analysts have rated the stock with a Buy rating and three have given a Hold rating to the company’s stock. According to MarketBeat, the company currently has an average rating of “Moderate Buy” and a consensus target price of $170.64.

TD SYNNEX Price Performance

Shares of NYSE:SNX opened at $156.63 on Friday. The company has a market cap of $12.63 billion, a PE ratio of 15.71, a P/E/G ratio of 1.13 and a beta of 1.38. TD SYNNEX Corporation has a fifty-two week low of $92.23 and a fifty-two week high of $175.56. The firm has a 50-day simple moving average of $156.63 and a 200 day simple moving average of $153.95. The company has a quick ratio of 0.75, a current ratio of 1.21 and a debt-to-equity ratio of 0.43.

TD SYNNEX (NYSE:SNX) last released its quarterly earnings results on Thursday, January 8th. The business services provider reported $3.83 EPS for the quarter, topping the consensus estimate of $3.68 by $0.15. The business had revenue of $17.38 billion during the quarter, compared to analyst estimates of $15.46 billion. TD SYNNEX had a net margin of 1.32% and a return on equity of 12.60%. The company’s quarterly revenue was up 9.7% on a year-over-year basis. During the same quarter in the prior year, the firm earned $3.09 earnings per share. TD SYNNEX has set its Q1 2026 guidance at 3.000-3.500 EPS. On average, sell-side analysts anticipate that TD SYNNEX Corporation will post 11.88 EPS for the current year.

TD SYNNEX Increases Dividend

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