21,344 TD SYNNEX Corporation $SNX Shares Acquired by Robeco Institutional Asset Management B.V.

Robeco Institutional Asset Management B.V. boosted its position in TD SYNNEX Corporation (NYSE:SNX) by 57.8% during the 3rd quarter, Holdings Channel reports. The fund owned 58,294 shares of the business services provider’s stock after buying an additional 21,344 shares during the period. Robeco Institutional Asset Management B.V.’s holdings in TD SYNNEX were worth $14,973,000 as of its most recent SEC filing.

A number of other hedge funds have also recently added to or reduced their stakes in the company. Parkside Financial Bank & Trust increased its holdings in shares of TD SYNNEX by 32.8% during the second quarter. Parkside Financial Bank & Trust now owns 158 shares of the business services provider’s stock valued at $42,000 after acquiring an additional 39 shares in the last quarter. Gamco Investors INC. ET AL grew its position in TD SYNNEX by 1.1% in the 1st quarter. Gamco Investors INC. ET AL now owns 4,667 shares of the business services provider’s stock valued at $787,000 after purchasing an additional 52 shares during the period. Essex Financial Services Inc. increased its stake in TD SYNNEX by 2.9% during the 1st quarter. Essex Financial Services Inc. now owns 1,957 shares of the business services provider’s stock valued at $330,000 after purchasing an additional 56 shares in the last quarter. Capital Analysts LLC increased its stake in TD SYNNEX by 10.9% during the 2nd quarter. Capital Analysts LLC now owns 598 shares of the business services provider’s stock valued at $160,000 after purchasing an additional 59 shares in the last quarter. Finally, Waverly Advisors LLC increased its stake in TD SYNNEX by 0.8% during the 2nd quarter. Waverly Advisors LLC now owns 7,472 shares of the business services provider’s stock valued at $1,998,000 after purchasing an additional 60 shares in the last quarter. Institutional investors and hedge funds own 84.00% of the company’s stock.

TD SYNNEX Stock Up 0.1%

SNX stock opened at $247.35 on Friday. TD SYNNEX Corporation has a twelve month low of $142.22 and a twelve month high of $298.77. The company has a quick ratio of 0.64, a current ratio of 1.19 and a debt-to-equity ratio of 0.39. The stock’s 50 day moving average is $261.40 and its 200-day moving average is $251.50. The firm has a market capitalization of $19.73 billion, a PE ratio of 15.07, a P/E/G ratio of 0.49 and a beta of 1.37.

TD SYNNEX (NYSE:SNX) last announced its quarterly earnings results on Thursday, September 24th. The business services provider reported $5.68 earnings per share (EPS) for the quarter, topping the consensus estimate of $4.70 by $0.98. The business had revenue of $21.56 billion during the quarter, compared to the consensus estimate of $18.91 billion. TD SYNNEX had a return on equity of 16.78% and a net margin of 1.75%. TD SYNNEX’s revenue was up 37.7% compared to the same quarter last year. During the same quarter in the prior year, the company posted $3.58 earnings per share. TD SYNNEX has set its Q4 2026 guidance at 5.650-6.150 EPS. Sell-side analysts expect that TD SYNNEX Corporation will post 20.35 EPS for the current fiscal year.

TD SYNNEX Dividend Announcement

The company also recently disclosed a quarterly dividend, which will be paid on Friday, October 30th. Shareholders of record on Friday, October 16th will be issued a dividend of $0.48 per share. This represents a $1.92 dividend on an annualized basis and a yield of 0.8%. The ex-dividend date of this dividend is Friday, October 16th. TD SYNNEX’s payout ratio is currently 11.70%.

Wall Street Analysts Forecast Growth

Several research analysts have weighed in on the stock. Barrington Research upped their price objective on shares of TD SYNNEX from $202.00 to $325.00 and gave the stock an “outperform” rating in a report on Friday, June 26th. Zacks Research upgraded shares of TD SYNNEX from a “hold” rating to a “strong-buy” rating in a report on Tuesday, September 29th. Weiss Ratings upgraded shares of TD SYNNEX from a “buy (b)” rating to a “buy (b+)” rating in a report on Thursday, October 8th. The Goldman Sachs Group set a $330.00 target price on shares of TD SYNNEX in a research report on Friday, June 26th. Finally, Morgan Stanley upped their target price on shares of TD SYNNEX from $334.00 to $359.00 and gave the stock an “overweight” rating in a report on Friday, September 25th. One research analyst has rated the stock with a Strong Buy rating, seven have assigned a Buy rating and one has given a Hold rating to the company. According to data from MarketBeat, the company currently has a consensus rating of “Buy” and an average price target of $331.14.

Insiders Place Their Bets

In other news, insider Alim Dhanji sold 3,775 shares of the company’s stock in a transaction on Thursday, October 22nd. The shares were sold at an average price of $241.01, for a total value of $909,812.75. Following the completion of the sale, the insider owned 11,712 shares in the company, valued at $2,822,709.12. This represents a 24.38% decrease in their position. The transaction was disclosed in a legal filing with the SEC, which is available through this hyperlink. Also, Director Ann Vezina sold 1,273 shares of the stock in a transaction dated Friday, July 31st. The shares were sold at an average price of $256.05, for a total transaction of $325,951.65. Following the completion of the sale, the director owned 5,828 shares of the company’s stock, valued at approximately $1,492,259.40. This represents a 17.93% decrease in their position. Additional details regarding this sale are available in the official SEC disclosure. Insiders have sold 10,048 shares of company stock valued at $2,546,814 in the last three months. 0.70% of the stock is currently owned by insiders.

TD SYNNEX Profile

TD SYNNEX Corporation (NYSE: SNX) is a global technology distributor and solutions aggregator. The company connects technology vendors with resellers, systems integrators, managed service providers, retailers and other channel partners, helping them market, sell, deploy and support technology products and services.

Its offerings include personal computing and endpoint devices, servers, data-center and networking equipment, software, cloud solutions, cybersecurity products, and related professional and managed services.