TD SYNNEX Corporation $SNX Shares Sold by Ruffer LLP

Ruffer LLP lowered its stake in shares of TD SYNNEX Corporation (NYSE:SNX) by 68.4% during the third quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission. The institutional investor owned 27,194 shares of the business services provider’s stock after selling 58,782 shares during the quarter. Ruffer LLP’s holdings in TD SYNNEX were worth $4,453,000 as of its most recent filing with the Securities and Exchange Commission.

Several other institutional investors also recently added to or reduced their stakes in the company. Root Financial Partners LLC purchased a new stake in TD SYNNEX in the 3rd quarter valued at $42,000. Caitong International Asset Management Co. Ltd purchased a new position in shares of TD SYNNEX in the second quarter valued at $55,000. MAI Capital Management raised its position in TD SYNNEX by 90.2% during the second quarter. MAI Capital Management now owns 428 shares of the business services provider’s stock worth $58,000 after acquiring an additional 203 shares during the last quarter. Hantz Financial Services Inc. raised its position in shares of 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 worth $60,000 after purchasing an additional 405 shares during the last quarter. Finally, Blue Trust Inc. boosted 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 during the last quarter. Institutional investors and hedge funds own 84.00% of the company’s stock.

Analyst Ratings Changes

Several research firms recently weighed in on SNX. Royal Bank Of Canada reiterated an “outperform” rating on shares of TD SYNNEX in a research report on Monday, December 22nd. Barclays dropped their price objective on shares of TD SYNNEX from $164.00 to $163.00 and set an “equal weight” rating on the stock in a research note on Friday, January 9th. Zacks Research downgraded TD SYNNEX from a “strong-buy” rating to a “hold” rating in a report on Monday, December 15th. Morgan Stanley dropped their target price on shares of TD SYNNEX from $177.00 to $172.00 and set an “overweight” rating for the company in a research report on Friday, January 9th. Finally, Barrington Research reissued an “outperform” rating and set a $182.00 target price on shares of TD SYNNEX in a report on Friday, January 9th. Nine analysts have rated the stock with a Buy rating and three have given a Hold rating to the company. According to MarketBeat.com, the stock has a consensus rating of “Moderate Buy” and a consensus price target of $170.64.

TD SYNNEX Trading Up 0.4%

Shares of NYSE SNX opened at $159.13 on Thursday. The business has a fifty day simple moving average of $152.23 and a 200-day simple moving average of $151.19. The company has a market cap of $12.96 billion, a price-to-earnings ratio of 15.96, a P/E/G ratio of 1.13 and a beta of 1.37. The company has a quick ratio of 0.75, a current ratio of 1.21 and a debt-to-equity ratio of 0.43. TD SYNNEX Corporation has a 12 month low of $92.23 and a 12 month high of $167.76.

TD SYNNEX (NYSE:SNX) last announced its quarterly earnings data on Thursday, January 8th. The business services provider reported $3.83 earnings per share (EPS) for the quarter, topping the consensus estimate of $3.68 by $0.15. The firm had revenue of $17.38 billion during the quarter, compared to the consensus estimate of $15.46 billion. TD SYNNEX had a return on equity of 12.60% and a net margin of 1.32%.The business’s revenue for the quarter was up 9.7% on a year-over-year basis. During the same period in the prior year, the business earned $3.09 EPS. TD SYNNEX has set its Q1 2026 guidance at 3.000-3.500 EPS. Sell-side analysts predict that TD SYNNEX Corporation will post 11.88 EPS for the current year.

TD SYNNEX Increases Dividend

The company also recently disclosed a quarterly dividend, which will be paid on Friday, January 30th. Stockholders of record on Friday, January 16th will be paid a $0.48 dividend. The ex-dividend date is Friday, January 16th. This is a positive change from TD SYNNEX’s previous quarterly dividend of $0.44. This represents a $1.92 dividend on an annualized basis and a dividend yield of 1.2%. TD SYNNEX’s dividend payout ratio is presently 19.26%.

Insider Transactions at TD SYNNEX

In other news, insider Miriam Anne Murphy sold 1,673 shares of the stock in a transaction that occurred on Friday, October 31st. The stock was sold at an average price of $156.49, for a total value of $261,807.77. Following the completion of the sale, the insider directly owned 16,529 shares of the company’s stock, valued at approximately $2,586,623.21. This represents a 9.19% decrease in their ownership of the stock. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which can be accessed through this hyperlink. Also, Director Merline Saintil sold 336 shares of the stock in a transaction dated Monday, November 3rd. The shares were sold at an average price of $155.79, for a total transaction of $52,345.44. Following the completion of the sale, the director owned 7,330 shares of the company’s stock, valued at approximately $1,141,940.70. The trade was a 4.38% decrease in their position. The disclosure for this sale is available in the SEC filing. Over the last ninety days, insiders have sold 17,177 shares of company stock worth $2,638,371. Company insiders own 1.00% of the company’s stock.

TD SYNNEX Profile

TD SYNNEX (NYSE: SNX) is a leading global distributor and solutions aggregator for the information technology industry. Formed in September 2021 through the merger of Tech Data and SYNNEX Corporation, the company provides a comprehensive range of products, services and solutions that span hardware, software, cloud, mobility, security and data center technologies. TD SYNNEX partners with vendors, resellers and system integrators to design, deploy and support IT infrastructures across diverse market segments, including commercial enterprises, public sector organizations and retail operations.

The company’s core business activities include the distribution of technology products from manufacturers such as servers, storage, networking equipment and peripherals, as well as the resale and provisioning of software licenses and cloud-based solutions.