TD SYNNEX (NYSE:SNX) Director Richard Hume Sells 5,000 Shares of Stock

TD SYNNEX Corporation (NYSE:SNX) Director Richard Hume sold 5,000 shares of the company’s stock in a transaction on Wednesday, August 5th. The stock was sold at an average price of $262.21, for a total value of $1,311,050.00. Following the transaction, the director directly owned 13,537 shares in the company, valued at approximately $3,549,536.77. The trade was a 26.97% decrease in their ownership of the stock. The sale was disclosed in a filing with the SEC, which is accessible through this link. The transaction was executed under a pre-arranged Rule 10b5-1 trading plan.

TD SYNNEX Stock Down 1.6%

Shares of TD SYNNEX stock traded down $4.24 during trading on Thursday, reaching $258.83. The company’s stock had a trading volume of 398,189 shares, compared to its average volume of 820,755. The company has a quick ratio of 0.64, a current ratio of 1.20 and a debt-to-equity ratio of 0.40. The company has a market cap of $20.70 billion, a price-to-earnings ratio of 18.53, a P/E/G ratio of 0.74 and a beta of 1.44. TD SYNNEX Corporation has a 1-year low of $142.13 and a 1-year high of $296.47. The company has a 50-day simple moving average of $261.71 and a two-hundred day simple moving average of $211.77.

TD SYNNEX (NYSE:SNX) last announced its earnings results on Thursday, June 25th. The business services provider reported $4.85 earnings per share (EPS) for the quarter, beating the consensus estimate of $4.14 by $0.71. The company had revenue of $19.57 billion for the quarter, compared to analyst estimates of $16.80 billion. TD SYNNEX had a return on equity of 15.37% and a net margin of 1.63%.The firm’s quarterly revenue was up 31.0% compared to the same quarter last year. During the same period in the prior year, the company posted $2.99 EPS. TD SYNNEX has set its Q3 2026 guidance at 4.250-4.750 EPS. As a group, equities analysts forecast that TD SYNNEX Corporation will post 18.01 earnings per share for the current year.

TD SYNNEX Announces Dividend

The business also recently disclosed a quarterly dividend, which was paid on Friday, July 31st. Investors of record on Friday, July 17th were given a $0.48 dividend. This represents a $1.92 annualized dividend and a dividend yield of 0.7%. The ex-dividend date of this dividend was Friday, July 17th. TD SYNNEX’s dividend payout ratio (DPR) is presently 13.74%.

Institutional Trading of TD SYNNEX

A number of hedge funds have recently modified their holdings of SNX. Ossiam raised its position in TD SYNNEX by 84.3% during the third quarter. Ossiam now owns 164 shares of the business services provider’s stock valued at $27,000 after acquiring an additional 75 shares in the last quarter. Aster Capital Management DIFC Ltd purchased a new stake in TD SYNNEX in the 4th quarter worth approximately $28,000. Measured Wealth Private Client Group LLC acquired a new stake in shares of TD SYNNEX during the 3rd quarter worth approximately $30,000. Lloyd Advisory Services LLC. purchased a new position in shares of TD SYNNEX during the 4th quarter valued at approximately $32,000. Finally, SJS Investment Consulting Inc. increased its holdings in shares of TD SYNNEX by 44.6% during the 1st quarter. SJS Investment Consulting Inc. now owns 201 shares of the business services provider’s stock valued at $34,000 after purchasing an additional 62 shares in the last quarter. Hedge funds and other institutional investors own 84.00% of the company’s stock.

Analyst Ratings Changes

A number of research analysts have issued reports on SNX shares. Zacks Research upgraded shares of TD SYNNEX from a “hold” rating to a “strong-buy” rating in a research note on Tuesday, June 30th. Royal Bank Of Canada set a $340.00 price objective on shares of TD SYNNEX in a report on Friday, June 26th. Barclays upped their target price on TD SYNNEX from $237.00 to $278.00 and gave the company an “equal weight” rating in a research report on Thursday, July 2nd. UBS Group lifted their price target on TD SYNNEX from $310.00 to $352.00 and gave the stock a “buy” rating in a research report on Friday, June 26th. Finally, Morgan Stanley boosted their price target on TD SYNNEX from $341.00 to $374.00 and gave the company an “overweight” rating in a research note on Friday, June 26th. One research analyst has rated the stock with a Strong Buy rating, eight have assigned a Buy rating and one has assigned a Hold rating to the company’s stock. According to MarketBeat, the stock presently has an average rating of “Buy” and a consensus target price of $294.67.

About TD SYNNEX

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.