Creative Planning Has $1.89 Million Stake in TD SYNNEX Corporation $SNX

Creative Planning lifted its stake in TD SYNNEX Corporation (NYSE:SNX) by 19.0% in the 2nd quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission. The firm owned 13,893 shares of the business services provider’s stock after buying an additional 2,222 shares during the period. Creative Planning’s holdings in TD SYNNEX were worth $1,885,000 as of its most recent filing with the Securities and Exchange Commission.

Other hedge funds have also recently added to or reduced their stakes in the company. Mitsubishi UFJ Asset Management Co. Ltd. lifted its position in shares of TD SYNNEX by 329.8% during the 1st 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. Quarry LP acquired a new position in TD SYNNEX in the first quarter valued at about $51,000. Caitong International Asset Management Co. Ltd bought a new stake in TD SYNNEX during the second quarter worth about $55,000. Hantz Financial Services Inc. increased its holdings in TD SYNNEX by 1,012.5% in the 2nd quarter. Hantz Financial Services Inc. now owns 445 shares of the business services provider’s stock valued at $60,000 after buying an additional 405 shares during the period. Finally, SVB Wealth LLC bought a new position in TD SYNNEX in the 1st quarter valued at about $72,000. Institutional investors own 84.00% of the company’s stock.

Insider Activity

In related news, insider Alim Dhanji sold 1,762 shares of the business’s stock in a transaction on Tuesday, October 21st. The shares were sold at an average price of $154.55, for a total value of $272,317.10. Following the sale, the insider owned 13,426 shares of the company’s stock, valued at $2,074,988.30. The trade was a 11.60% decrease in their ownership of the stock. The sale was disclosed in a document filed with the SEC, which is available through the SEC website. Also, Director Richard T. Hume sold 5,000 shares of the firm’s stock in a transaction on Monday, November 3rd. The stock was sold at an average price of $153.81, for a total value of $769,050.00. Following the transaction, the director directly owned 57,515 shares of the company’s stock, valued at approximately $8,846,382.15. This represents a 8.00% decrease in their ownership of the stock. The disclosure for this sale is available in the SEC filing. Over the last ninety days, insiders sold 14,632 shares of company stock worth $2,264,033. Company insiders own 1.00% of the company’s stock.

Analyst Upgrades and Downgrades

Several analysts recently issued reports on the stock. Barclays increased their price target on shares of TD SYNNEX from $140.00 to $164.00 and gave the stock an “equal weight” rating in a research report on Friday, September 26th. Morgan Stanley lifted their price target on TD SYNNEX from $173.00 to $181.00 and gave the company an “overweight” rating in a research note on Friday, September 26th. The Goldman Sachs Group boosted their price target on TD SYNNEX from $145.00 to $164.00 and gave the stock a “buy” rating in a report on Thursday, September 25th. Wall Street Zen lowered TD SYNNEX from a “buy” rating to a “hold” rating in a research note on Monday, November 3rd. 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 given a Hold rating to the company’s stock. According to data from MarketBeat.com, TD SYNNEX presently has an average rating of “Moderate Buy” and an average target price of $169.55.

TD SYNNEX Trading Down 0.0%

NYSE SNX opened at $151.98 on Thursday. The company has a market cap of $12.38 billion, a price-to-earnings ratio of 16.48, a price-to-earnings-growth ratio of 1.19 and a beta of 1.41. TD SYNNEX Corporation has a twelve month low of $92.23 and a twelve month high of $167.76. The company has a quick ratio of 0.71, a current ratio of 1.20 and a debt-to-equity ratio of 0.36. The business’s fifty day moving average is $154.02 and its 200 day moving average is $143.59.

TD SYNNEX (NYSE:SNX) last posted its earnings results on Thursday, September 25th. The business services provider reported $3.58 EPS for the quarter, beating the consensus estimate of $3.05 by $0.53. TD SYNNEX had a return on equity of 12.13% and a net margin of 1.27%.The firm had revenue of $15.65 billion during the quarter, compared to the consensus estimate of $15.11 billion. During the same period last year, the company earned $2.86 earnings per share. The business’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. As a group, sell-side analysts expect that TD SYNNEX Corporation will post 11.88 EPS for the current fiscal year.

TD SYNNEX Dividend Announcement

The firm also recently announced a quarterly dividend, which was paid on Friday, October 31st. Investors of record on Friday, October 17th were given a dividend of $0.44 per share. The ex-dividend date was Friday, October 17th. This represents a $1.76 annualized dividend and a yield of 1.2%. TD SYNNEX’s dividend payout ratio (DPR) is currently 19.09%.

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.