Summit Investment Advisors Inc. Sells 344 Shares of TD SYNNEX Corporation $SNX

Summit Investment Advisors Inc. reduced its stake in TD SYNNEX Corporation (NYSE:SNX) by 2.3% during the 1st quarter, HoldingsChannel reports. The firm owned 14,824 shares of the business services provider’s stock after selling 344 shares during the quarter. Summit Investment Advisors Inc.’s holdings in TD SYNNEX were worth $1,541,000 at the end of the most recent reporting period.

Other hedge funds and other institutional investors have also modified their holdings of the company. Mitsubishi UFJ Asset Management Co. Ltd. grew its position in TD SYNNEX by 329.8% in the first quarter. Mitsubishi UFJ Asset Management Co. Ltd. now owns 245 shares of the business services provider’s stock valued at $25,000 after acquiring an additional 188 shares during the period. Cullen Frost Bankers Inc. acquired a new stake in shares of TD SYNNEX in the 1st quarter valued at $44,000. Quarry LP bought a new stake in shares of TD SYNNEX in the 1st quarter worth about $51,000. Caitong International Asset Management Co. Ltd acquired a new stake in shares of TD SYNNEX during the 2nd quarter worth about $55,000. Finally, Hantz Financial Services Inc. lifted its holdings in TD SYNNEX by 1,012.5% during the 2nd quarter. Hantz Financial Services Inc. now owns 445 shares of the business services provider’s stock valued at $60,000 after purchasing an additional 405 shares during the last quarter. Institutional investors own 84.00% of the company’s stock.

Insider Buying and Selling

In other news, CFO Marshall Witt sold 861 shares of TD SYNNEX stock in a transaction that occurred on Wednesday, September 17th. The shares were sold at an average price of $149.84, for a total transaction of $129,012.24. Following the completion of the sale, the chief financial officer owned 49,777 shares in the company, valued at $7,458,585.68. The trade was a 1.70% decrease in their position. The sale was disclosed in a filing with the Securities & Exchange Commission, which is available through this link. Also, insider Alim Dhanji sold 1,762 shares of the stock in a transaction that occurred on Tuesday, October 21st. The shares were sold at an average price of $154.55, for a total transaction of $272,317.10. Following the completion of the transaction, the insider owned 13,426 shares in the company, valued at $2,074,988.30. This represents a 11.60% decrease in their ownership of the stock. The disclosure for this sale is available in the SEC filing. In the last ninety days, insiders have sold 15,444 shares of company stock worth $2,386,174. 1.00% of the stock is currently owned by company insiders.

TD SYNNEX Stock Up 2.0%

Shares of SNX opened at $154.54 on Tuesday. The business’s fifty day moving average price is $154.28 and its two-hundred day moving average price is $140.84. The firm has a market capitalization of $12.59 billion, a price-to-earnings ratio of 16.76, a PEG ratio of 1.19 and a beta of 1.41. TD SYNNEX Corporation has a 52 week low of $92.23 and a 52 week high of $167.76. The company has a debt-to-equity ratio of 0.36, a quick ratio of 0.71 and a current ratio of 1.20.

TD SYNNEX (NYSE:SNX) last released its earnings results on Thursday, September 25th. The business services provider reported $2.74 earnings per share for the quarter, missing analysts’ consensus estimates of $3.05 by ($0.31). The firm had revenue of $15.65 billion for the quarter, compared to the consensus estimate of $15.11 billion. TD SYNNEX had a return on equity of 12.13% and a net margin of 1.27%.The company’s revenue was up 6.6% compared to the same quarter last year. During the same quarter in the previous year, the firm earned $2.86 EPS. TD SYNNEX has set its Q4 2025 guidance at 3.450-3.950 EPS. On average, analysts predict that TD SYNNEX Corporation will post 11.88 earnings per share for the current year.

TD SYNNEX Announces Dividend

The firm also recently announced a quarterly dividend, which was paid on Friday, October 31st. Stockholders of record on Friday, October 17th were paid a $0.44 dividend. This represents a $1.76 annualized dividend and a dividend yield of 1.1%. The ex-dividend date of this dividend was Friday, October 17th. TD SYNNEX’s dividend payout ratio (DPR) is 19.09%.

Wall Street Analysts Forecast Growth

Several analysts have weighed in on SNX shares. Bank of America upped their price objective on shares of TD SYNNEX from $170.00 to $180.00 and gave the stock a “buy” rating in a research note on Friday, September 26th. Barrington Research increased their price target on TD SYNNEX from $156.00 to $182.00 and gave the stock an “outperform” rating in a research report on Monday, September 29th. Zacks Research upgraded TD SYNNEX from a “hold” rating to a “strong-buy” rating in a research report on Wednesday, October 1st. Morgan Stanley boosted their price objective on TD SYNNEX from $173.00 to $181.00 and gave the stock an “overweight” rating in a research note on Friday, September 26th. Finally, Raymond James Financial set a $175.00 target price on TD SYNNEX in a research note on Thursday, September 25th. One analyst has rated the stock with a Strong Buy rating, nine have issued a Buy rating and two have issued a Hold rating to the company’s stock. According to MarketBeat.com, the stock currently has an average rating of “Moderate Buy” and a consensus target price of $169.55.

About TD SYNNEX

TD SYNNEX Corporation operates as a distributor and solutions aggregator for the information technology (IT) ecosystem. The company offers personal computing devices and peripherals, mobile phones and accessories, printers, supplies, and endpoint technology software; and data center technologies, such as hybrid cloud, security, storage, networking, servers, technology software, and converged and hyper-converged infrastructure, as well as computing components.