TD SYNNEX Corporation $SNX Stock Position Cut by Sage Investment Counsel LLC

Sage Investment Counsel LLC lessened its holdings in TD SYNNEX Corporation (NYSE:SNX) by 35.9% during the 3rd quarter, HoldingsChannel.com reports. The fund owned 4,567 shares of the business services provider’s stock after selling 2,556 shares during the period. TD SYNNEX makes up approximately 1.2% of Sage Investment Counsel LLC’s holdings, making the stock its 27th biggest holding. Sage Investment Counsel LLC’s holdings in TD SYNNEX were worth $1,173,000 at the end of the most recent quarter.

Several other hedge funds also recently bought and sold shares of the business. BlackRock Inc. bought a new stake in shares of TD SYNNEX during the second quarter worth $1,958,683,000. Bank of New York Mellon Corp bought a new position in shares of TD SYNNEX in the second quarter worth about $149,728,000. Bank of America Corp DE bought a new position in shares of TD SYNNEX in the second quarter worth about $113,155,000. Freestone Grove Partners LP bought a new position in shares of TD SYNNEX in the second quarter worth about $98,650,000. Finally, Pacer Advisors Inc. increased its stake in TD SYNNEX by 4,021.1% in the 1st quarter. Pacer Advisors Inc. now owns 366,652 shares of the business services provider’s stock worth $61,858,000 after buying an additional 357,755 shares during the period. Institutional investors own 84.00% of the company’s stock.

TD SYNNEX Trading Up 1.2%

Shares of NYSE SNX opened at $250.38 on Tuesday. 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 business has a fifty day simple moving average of $261.13 and a two-hundred day simple moving average of $223.53. The firm has a market cap of $19.98 billion, a PE ratio of 15.26, a price-to-earnings-growth ratio of 0.49 and a beta of 1.37. TD SYNNEX Corporation has a twelve month low of $142.22 and a twelve month high of $298.77.

TD SYNNEX (NYSE:SNX) last issued its earnings results on Thursday, September 24th. The business services provider reported $5.68 earnings per share for the quarter, topping 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 business had revenue of $21.56 billion during the quarter, compared to analysts’ expectations of $18.91 billion. During the same period in the prior year, the business earned $3.58 EPS. The business’s revenue for the quarter was up 37.7% compared to the same quarter last year. TD SYNNEX has set its Q4 2026 guidance at 5.650-6.150 EPS. Analysts expect that TD SYNNEX Corporation will post 20.35 earnings per share for the current fiscal year.

TD SYNNEX Announces Dividend

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

Insiders Place Their Bets

In other TD SYNNEX news, Director Richard T. Hume sold 5,000 shares of the firm’s stock in a transaction dated Wednesday, August 5th. The shares were sold at an average price of $262.21, for a total transaction of $1,311,050.00. Following the transaction, the director owned 13,537 shares of the company’s stock, valued at approximately $3,549,536.77. This trade represents a 26.97% decrease in their position. The transaction was disclosed in a document filed with the SEC, which is available at this hyperlink. The transaction was executed under a pre-arranged Rule 10b5-1 trading plan. Also, insider Alim Dhanji sold 3,775 shares of the business’s stock in a transaction dated Thursday, October 22nd. The shares were sold at an average price of $241.01, for a total transaction of $909,812.75. Following the completion of the sale, the insider owned 11,712 shares of the company’s stock, valued at approximately $2,822,709.12. This represents a 24.38% decrease in their position. Additional details regarding this sale are available in the official SEC disclosure. Insiders have sold a total of 10,048 shares of company stock worth $2,546,814 in the last three months. Corporate insiders own 0.70% of the company’s stock.

Analysts Set New Price Targets

A number of equities research analysts recently weighed in on SNX shares. Barclays lifted their price objective on shares of TD SYNNEX from $278.00 to $287.00 and gave the company an “equal weight” rating in a report on Tuesday, September 8th. Weiss Ratings cut shares of TD SYNNEX from a “buy (b+)” rating to a “buy (b)” rating in a research report on Friday. 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 research note on Friday, September 25th. Zacks Research raised shares of TD SYNNEX from a “hold” rating to a “strong-buy” rating in a research report on Tuesday, September 29th. Finally, UBS Group raised their target price on shares of TD SYNNEX from $352.00 to $379.00 and gave the stock a “buy” rating in a research report on Friday, September 25th. One analyst has rated the stock with a Strong Buy rating, seven have given a Buy rating and one has given a Hold rating to the stock. According to MarketBeat, the stock currently has an average rating of “Buy” and an average target price of $331.14.

About TD SYNNEX

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.