TD SYNNEX Corporation $SNX Shares Sold by Allspring Global Investments Holdings LLC

Allspring Global Investments Holdings LLC cut its stake in shares of TD SYNNEX Corporation (NYSE:SNX) by 14.6% during the 2nd quarter, according to its most recent filing with the SEC. The institutional investor owned 285,030 shares of the business services provider’s stock after selling 48,580 shares during the period. Allspring Global Investments Holdings LLC’s holdings in TD SYNNEX were worth $38,713,000 at the end of the most recent reporting period.

Several other large investors also recently bought and sold shares of SNX. Mitsubishi UFJ Asset Management Co. Ltd. lifted its position in shares of TD SYNNEX by 329.8% during the first quarter. Mitsubishi UFJ Asset Management Co. Ltd. now owns 245 shares of the business services provider’s stock worth $25,000 after purchasing an additional 188 shares in the last quarter. Cullen Frost Bankers Inc. acquired a new position in TD SYNNEX in the 1st quarter worth $44,000. Quarry LP purchased a new position in TD SYNNEX in the 1st quarter valued at about $51,000. Blue Trust Inc. grew its stake in shares of TD SYNNEX by 23.7% during the second quarter. Blue Trust Inc. now owns 543 shares of the business services provider’s stock valued at $74,000 after acquiring an additional 104 shares in the last quarter. Finally, Mirae Asset Global Investments Co. Ltd. purchased a new stake in shares of TD SYNNEX during the second quarter worth about $92,000. Institutional investors and hedge funds own 84.00% of the company’s stock.

Analyst Upgrades and Downgrades

SNX has been the subject of a number of analyst reports. UBS Group increased their price target on TD SYNNEX from $154.00 to $187.00 and gave the company a “buy” rating in a report on Monday, September 29th. Loop Capital upped their target price on TD SYNNEX from $150.00 to $160.00 and gave the company a “buy” rating in a research report on Monday, June 30th. Morgan Stanley raised their price target on shares of TD SYNNEX from $173.00 to $181.00 and gave the stock an “overweight” rating in a research report on Friday, September 26th. The Goldman Sachs Group lifted their price target on shares of TD SYNNEX from $145.00 to $164.00 and gave the stock a “buy” rating in a research note on Thursday, September 25th. Finally, Zacks Research upgraded shares of TD SYNNEX from a “hold” rating to a “strong-buy” rating in a research note on Wednesday, October 1st. One analyst has rated the stock with a Strong Buy rating, nine have issued a Buy rating and two have given a Hold rating to the stock. According to MarketBeat.com, the company presently has an average rating of “Moderate Buy” and a consensus price target of $169.55.

TD SYNNEX Stock Up 1.1%

SNX stock opened at $156.72 on Thursday. The firm has a market cap of $12.76 billion, a price-to-earnings ratio of 17.00, a PEG ratio of 1.20 and a beta of 1.43. TD SYNNEX Corporation has a 1-year low of $92.23 and a 1-year high of $167.76. The firm has a fifty day moving average price of $152.17 and a two-hundred day moving average price of $133.80. The company has a debt-to-equity ratio of 0.36, a current ratio of 1.20 and a quick ratio of 0.71.

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

TD SYNNEX Dividend Announcement

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

Insider Buying and Selling at TD SYNNEX

In related news, Director Ann F. Vezina sold 812 shares of TD SYNNEX stock in a transaction dated Wednesday, August 13th. The shares were sold at an average price of $150.42, for a total value of $122,141.04. Following the sale, the director directly owned 6,079 shares in the company, valued at $914,403.18. This trade represents a 11.78% decrease in their position. The sale was disclosed in a document filed with the SEC, which is available through this hyperlink. Also, 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 value of $129,012.24. Following the sale, the chief financial officer directly owned 49,777 shares in the company, valued at approximately $7,458,585.68. This trade represents a 1.70% decrease in their position. The disclosure for this sale can be found here. Over the last three months, insiders have sold 2,930 shares of company stock worth $430,163. 1.00% of the stock is owned by insiders.

TD SYNNEX Profile

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.