Ibex Wealth Advisors Purchases New Position in TD SYNNEX Corporation $SNX

Ibex Wealth Advisors purchased a new position in TD SYNNEX Corporation (NYSE:SNX) during the 3rd quarter, according to the company in its most recent filing with the Securities and Exchange Commission (SEC). The institutional investor purchased 17,467 shares of the business services provider’s stock, valued at approximately $4,486,000.

A number of other hedge funds have also recently added to or reduced their stakes in the company. Fisher Asset Management LLC increased its holdings in shares of TD SYNNEX by 545.5% during the third quarter. Fisher Asset Management LLC now owns 42,007 shares of the business services provider’s stock valued at $10,790,000 after acquiring an additional 35,499 shares in the last quarter. Russell Investments Group Ltd. lifted its holdings in shares of TD SYNNEX by 13.2% in the 3rd quarter. Russell Investments Group Ltd. now owns 153,625 shares of the business services provider’s stock worth $39,460,000 after purchasing an additional 17,913 shares in the last quarter. Eurizon Capital SGR S.p.A. lifted its holdings in shares of TD SYNNEX by 16.5% in the 3rd quarter. Eurizon Capital SGR S.p.A. now owns 2,950 shares of the business services provider’s stock worth $760,000 after purchasing an additional 417 shares in the last quarter. New Mexico Educational Retirement Board lifted its holdings in shares of TD SYNNEX by 10.5% in the 3rd quarter. New Mexico Educational Retirement Board now owns 16,802 shares of the business services provider’s stock worth $4,316,000 after purchasing an additional 1,600 shares in the last quarter. Finally, Maryland State Retirement & Pension System grew its position in TD SYNNEX by 14.4% in the 3rd quarter. Maryland State Retirement & Pension System now owns 4,643 shares of the business services provider’s stock valued at $1,193,000 after purchasing an additional 585 shares during the period. Institutional investors and hedge funds own 84.00% of the company’s stock.

Insiders Place Their Bets

In other TD SYNNEX news, insider Alim Dhanji sold 3,775 shares of the firm’s stock in a transaction on Thursday, October 22nd. The stock was sold at an average price of $241.01, for a total transaction of $909,812.75. Following the transaction, the insider directly owned 11,712 shares in the company, valued at approximately $2,822,709.12. This trade represents a 24.38% decrease in their position. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is accessible through the SEC website. Company insiders own 0.70% of the company’s stock.

TD SYNNEX Stock Down 2.0%

Shares of TD SYNNEX stock traded down $4.96 on Friday, hitting $237.55. The company had a trading volume of 433,228 shares, compared to its average volume of 794,136. The stock has a market capitalization of $18.95 billion, a price-to-earnings ratio of 14.48, a P/E/G ratio of 0.48 and a beta of 1.43. TD SYNNEX Corporation has a 1 year low of $142.22 and a 1 year high of $298.77. The stock has a 50 day moving average of $255.97 and a 200-day moving average of $229.44. The company has a debt-to-equity ratio of 0.39, a quick ratio of 0.64 and a current ratio of 1.19.

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

TD SYNNEX Dividend Announcement

The business also recently declared a quarterly dividend, which was paid on Friday, October 30th. Investors 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 is presently 11.70%.

Wall Street Analyst Weigh In

A number of analysts have commented on SNX shares. Morgan Stanley boosted their price target on shares of TD SYNNEX from $334.00 to $359.00 and gave the company an “overweight” rating in a research note on Friday, September 25th. Weiss Ratings downgraded shares of TD SYNNEX from a “buy (b+)” rating to a “buy (b)” rating in a report on Friday, October 23rd. UBS Group raised their price objective on shares of TD SYNNEX from $352.00 to $379.00 and gave the company a “buy” rating in a research note on Friday, September 25th. Zacks Research upgraded shares of TD SYNNEX from a “hold” rating to a “strong-buy” rating in a report on Tuesday, September 29th. Finally, 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. 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 stock. According to MarketBeat.com, the company presently has an average rating of “Buy” and an average price target of $331.14.

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.