CenterBook Partners LP Sells 4,376 Shares of TD SYNNEX Corporation $SNX

CenterBook Partners LP lowered its position in shares of TD SYNNEX Corporation (NYSE:SNX) by 59.3% during the 3rd quarter, according to the company in its most recent filing with the Securities & Exchange Commission. The institutional investor owned 3,002 shares of the business services provider’s stock after selling 4,376 shares during the quarter. CenterBook Partners LP’s holdings in TD SYNNEX were worth $771,000 as of its most recent filing with the Securities & Exchange Commission.

A number of other hedge funds and other institutional investors have also recently modified their holdings of the business. Commonwealth Equity Services LLC grew its holdings in shares of TD SYNNEX by 8.5% in the third quarter. Commonwealth Equity Services LLC now owns 4,531 shares of the business services provider’s stock valued at $1,164,000 after acquiring an additional 355 shares in the last quarter. Chicago Partners Investment Group LLC lifted its holdings in TD SYNNEX by 2.6% during the third quarter. Chicago Partners Investment Group LLC now owns 3,470 shares of the business services provider’s stock worth $858,000 after acquiring an additional 88 shares during the period. Provenance Wealth Advisors LLC bought a new stake in TD SYNNEX during the third quarter worth $55,000. Oregon Public Employees Retirement Fund lifted its holdings in TD SYNNEX by 7.2% during the third quarter. Oregon Public Employees Retirement Fund now owns 16,563 shares of the business services provider’s stock worth $4,254,000 after acquiring an additional 1,113 shares during the period. Finally, Greenleaf Trust boosted its position in TD SYNNEX by 9.3% in the third quarter. Greenleaf Trust now owns 1,109 shares of the business services provider’s stock worth $285,000 after purchasing an additional 94 shares during the last quarter. Hedge funds and other institutional investors own 84.00% of the company’s stock.

Insider Activity

In other TD SYNNEX news, insider Alim Dhanji sold 3,775 shares of the business’s stock in a transaction on Thursday, October 22nd. The stock was sold at an average price of $241.01, for a total value of $909,812.75. Following the sale, the insider directly owned 11,712 shares in the company, valued at $2,822,709.12. The trade was a 24.38% decrease in their ownership of the stock. The sale was disclosed in a filing with the SEC, which is available through the SEC website. 0.70% of the stock is currently owned by insiders.

Wall Street Analysts Forecast Growth

SNX has been the subject of a number of recent analyst reports. Weiss Ratings downgraded TD SYNNEX from a “buy (b+)” rating to a “buy (b)” rating in a research note on Friday, October 23rd. Morgan Stanley raised their target price on TD SYNNEX from $334.00 to $359.00 and gave the company an “overweight” rating in a research report on Friday, September 25th. UBS Group lifted their target price on TD SYNNEX from $352.00 to $379.00 and gave the stock a “buy” rating in a research note on Friday, September 25th. Barclays boosted their price target on shares of TD SYNNEX from $278.00 to $287.00 and gave the stock an “equal weight” rating in a report on Tuesday, September 8th. Finally, Zacks Research upgraded shares of TD SYNNEX from a “hold” rating to a “strong-buy” rating in a research report on Tuesday, September 29th. One analyst has rated the stock with a Strong Buy rating, seven have given a Buy rating and one has issued a Hold rating to the company. According to MarketBeat, the company presently has a consensus rating of “Buy” and a consensus target price of $331.14.

TD SYNNEX Trading Up 1.9%

Shares of SNX stock opened at $232.61 on Wednesday. The company has a 50 day moving average of $256.85 and a 200-day moving average of $228.17. The company has a quick ratio of 0.64, a current ratio of 1.19 and a debt-to-equity ratio of 0.39. TD SYNNEX Corporation has a 12-month low of $142.22 and a 12-month high of $298.77. The firm has a market cap of $18.56 billion, a P/E ratio of 14.18, a PEG ratio of 0.45 and a beta of 1.43.

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, topping analysts’ consensus estimates of $4.70 by $0.98. TD SYNNEX had a net margin of 1.75% and a return on equity of 16.78%. The company had revenue of $21.56 billion for the quarter, compared to analysts’ expectations of $18.91 billion. During the same quarter in the previous year, the firm posted $3.58 EPS. TD SYNNEX’s revenue was up 37.7% on a year-over-year basis. TD SYNNEX has set its Q4 2026 guidance at 5.650-6.150 EPS. Sell-side analysts anticipate that TD SYNNEX Corporation will post 20.35 earnings per share for the current year.

TD SYNNEX Dividend Announcement

The company also recently announced a quarterly dividend, which was paid on Friday, October 30th. Shareholders of record on Friday, October 16th were given a $0.48 dividend. This represents a $1.92 dividend on an annualized basis and a yield of 0.8%. The ex-dividend date of this dividend was Friday, October 16th. TD SYNNEX’s dividend payout ratio (DPR) is currently 11.70%.

TD SYNNEX Company Profile

TD SYNNEX is a global distributor and solutions aggregator serving the information technology industry. The company connects technology vendors with channel partners, including resellers, systems integrators, managed service providers and retailers. Its offerings span hardware, software and services across areas such as cloud computing, cybersecurity, data center infrastructure, networking and end-user computing. TD SYNNEX also provides partners with services that can support technology deployment, integration and ongoing management.