4,331 TD SYNNEX Corporation $SNX Shares Acquired by Ninety One North America Inc.

Ninety One North America Inc. lifted its stake in shares of TD SYNNEX Corporation (NYSE:SNX) by 24.0% in the third quarter, Holdings Channel reports. The firm owned 22,354 shares of the business services provider’s stock after buying an additional 4,331 shares during the period. Ninety One North America Inc.’s holdings in TD SYNNEX were worth $5,742,000 at the end of the most recent reporting period.

Several other hedge funds have also recently modified their holdings of SNX. Bell Investment Advisors Inc acquired a new stake in TD SYNNEX in the 2nd quarter worth about $27,000. Fiduciary Financial Advisors purchased a new stake in TD SYNNEX during the 2nd quarter worth approximately $28,000. Compass Financial Management LLC purchased a new stake in TD SYNNEX during the 2nd quarter worth approximately $38,000. Parkside Financial Bank & Trust raised 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 during the last quarter. Finally, Ameritas Advisory Services LLC acquired a new position in shares of TD SYNNEX during the second quarter valued at approximately $45,000. Institutional investors and hedge funds own 84.00% of the company’s stock.

TD SYNNEX Price Performance

Shares of TD SYNNEX stock traded down $13.71 on Thursday, hitting $250.05. 300,878 shares of the company were exchanged, compared to its average volume of 816,546. 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 company has a 50-day moving average price of $262.27 and a 200 day moving average price of $248.35. The stock has a market capitalization of $19.95 billion, a price-to-earnings ratio of 15.24, a price-to-earnings-growth ratio of 0.56 and a beta of 1.37. TD SYNNEX Corporation has a 1-year low of $142.22 and a 1-year high of $298.77.

TD SYNNEX (NYSE:SNX) last posted its quarterly earnings results on Thursday, September 24th. The business services provider reported $5.68 EPS for the quarter, beating the consensus estimate of $4.70 by $0.98. TD SYNNEX had a return on equity of 16.78% and a net margin of 1.75%. The firm had revenue of $21.56 billion during the quarter, compared to analysts’ expectations of $18.91 billion. During the same quarter last year, the firm earned $3.58 earnings per share. The business’s revenue for the quarter was up 37.7% on a year-over-year basis. TD SYNNEX has set its Q4 2026 guidance at 5.650-6.150 EPS. As a group, sell-side analysts predict that TD SYNNEX Corporation will post 19.89 earnings per share for the current fiscal year.

TD SYNNEX Announces Dividend

The business also recently announced a quarterly dividend, which will be paid on Friday, October 30th. Shareholders of record on Friday, October 16th will be issued a $0.48 dividend. This represents a $1.92 annualized dividend and a yield of 0.8%. The ex-dividend date is Friday, October 16th. TD SYNNEX’s dividend payout ratio is presently 11.70%.

Key Headlines Impacting TD SYNNEX

Here are the key news stories impacting TD SYNNEX this week:

• Positive Sentiment: Zacks Research maintained a “Strong-Buy” rating and raised its FY2026 EPS forecast to $20.25 from $17.96, while increasing its FY2027 estimate to $23.03 from $20.53. Estimates for several 2027 and 2028 quarters were also raised, suggesting improving expectations for TD SYNNEX’s earnings trajectory. Zacks Research earnings estimate revisions
• Positive Sentiment: Zacks Research lifted its FY2028 EPS forecast to $26.30 from $26.10. Separately, the average Wall Street price target implies approximately 27.4% potential upside, while positive earnings-estimate revisions could support the stock. However, the article cautions that price targets are not always reliable. TD SYNNEX price target and earnings revisions
• Neutral Sentiment: Analyst commentary remains mixed across technology companies, including TD SYNNEX and Jabil, indicating that broader sector sentiment may be influencing trading more than the company-specific earnings revisions. Conflicting analyst sentiment on TD SYNNEX and Jabil
• Negative Sentiment: Zacks Research slightly reduced its Q3 2028 EPS forecast to $6.69 from $6.70. The cut is minor, but it may contribute to near-term caution alongside profit-taking or technical selling; the provided reports do not identify a new fundamental problem at the company. TD SYNNEX analyst estimates

Insider Buying and Selling at TD SYNNEX

In other TD SYNNEX news, Director Ann Vezina sold 1,273 shares of the firm’s stock in a transaction on Friday, July 31st. The stock was sold at an average price of $256.05, for a total value of $325,951.65. Following the completion of the sale, the director directly owned 5,828 shares of the company’s stock, valued at $1,492,259.40. This trade represents a 17.93% decrease in their position. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is available through this hyperlink. Also, Director Richard Hume sold 5,000 shares of TD SYNNEX stock in a transaction on Wednesday, August 5th. The stock was sold at an average price of $262.21, for a total value of $1,311,050.00. Following the transaction, the director owned 13,537 shares in the company, valued at approximately $3,549,536.77. This represents a 26.97% decrease in their position. The disclosure for this sale is available in the SEC filing. The transaction was executed under a pre-arranged Rule 10b5-1 trading plan. 0.70% of the stock is owned by corporate insiders.

Analysts Set New Price Targets

Several equities analysts have recently weighed in on the company. Barrington Research raised their target price on TD SYNNEX from $202.00 to $325.00 and gave the company an “outperform” rating in a research report on Friday, June 26th. Weiss Ratings raised TD SYNNEX from a “buy (b)” rating to a “buy (b+)” rating in a research note on Thursday, October 8th. Barclays boosted their price target on TD SYNNEX from $278.00 to $287.00 and gave the stock an “equal weight” rating in a research report on Tuesday, September 8th. Morgan Stanley increased their price objective on TD SYNNEX from $334.00 to $359.00 and gave the company an “overweight” rating in a research note on Friday, September 25th. Finally, UBS Group increased their price objective on TD SYNNEX from $352.00 to $379.00 and gave the company a “buy” rating in a research note on Friday, September 25th. One analyst has rated the stock with a Strong Buy rating, seven have assigned a Buy rating and one has assigned a Hold rating to the stock. According to data from MarketBeat, the company has an average rating of “Buy” and an average target price of $331.14.

TD SYNNEX Company Profile

TD SYNNEX Corporation is a global technology distributor and solutions aggregator that connects technology vendors with resellers, systems integrators, managed service providers and other channel partners. The company helps bring hardware, software and cloud-based solutions to market while supporting partners with sales, marketing, logistics, financing and technical services.

Its portfolio includes data center and networking equipment, personal computing and endpoint devices, software, cybersecurity products, cloud services, unified communications, mobility solutions and emerging technologies.