American Century Companies Inc. Has $32.53 Million Stake in TD SYNNEX Corporation $SNX

American Century Companies Inc. raised its holdings in TD SYNNEX Corporation (NYSE:SNX) by 706.8% in the 2nd quarter, according to the company in its most recent 13F filing with the SEC. The fund owned 239,720 shares of the business services provider’s stock after purchasing an additional 210,009 shares during the quarter. American Century Companies Inc. owned approximately 0.29% of TD SYNNEX worth $32,530,000 as of its most recent SEC filing.

Several other large investors also recently made changes to their positions in the business. Voya Investment Management LLC raised its holdings in shares of TD SYNNEX by 27.4% in the first quarter. Voya Investment Management LLC now owns 33,490 shares of the business services provider’s stock valued at $3,482,000 after buying an additional 7,212 shares during the last quarter. CX Institutional grew its holdings in TD SYNNEX by 28.9% during the 2nd quarter. CX Institutional now owns 15,434 shares of the business services provider’s stock worth $2,094,000 after acquiring an additional 3,457 shares during the last quarter. Leith Wheeler Investment Counsel Ltd. acquired a new stake in TD SYNNEX in the 2nd quarter valued at about $3,452,000. Curbstone Financial Management Corp bought a new position in shares of TD SYNNEX in the second quarter worth about $400,000. Finally, PNC Financial Services Group Inc. lifted its position in shares of TD SYNNEX by 16.5% during the first quarter. PNC Financial Services Group Inc. now owns 5,390 shares of the business services provider’s stock worth $560,000 after purchasing an additional 763 shares in the last quarter. Institutional investors own 84.00% of the company’s stock.

Analyst Upgrades and Downgrades

A number of analysts recently weighed in on the stock. Weiss Ratings reissued a “buy (b-)” rating on shares of TD SYNNEX in a report on Wednesday, October 8th. Wall Street Zen lowered TD SYNNEX from a “buy” rating to a “hold” rating in a research report on Monday, November 3rd. Raymond James Financial set a $175.00 target price on TD SYNNEX in a research report on Thursday, September 25th. Zacks Research upgraded TD SYNNEX from a “hold” rating to a “strong-buy” rating in a report on Wednesday, October 1st. Finally, The Goldman Sachs Group lifted their price objective on TD SYNNEX from $145.00 to $164.00 and gave the stock a “buy” rating in a research report on Thursday, September 25th. One research analyst has rated the stock with a Strong Buy rating, nine have assigned a Buy rating and two have assigned a Hold rating to the stock. Based on data from MarketBeat.com, TD SYNNEX presently has a consensus rating of “Moderate Buy” and a consensus price target of $169.55.

TD SYNNEX Trading Up 0.4%

NYSE SNX opened at $152.48 on Friday. TD SYNNEX Corporation has a 12 month low of $92.23 and a 12 month high of $167.76. The stock has a 50-day simple moving average of $154.09 and a 200 day simple moving average of $143.99. The company has a current ratio of 1.20, a quick ratio of 0.71 and a debt-to-equity ratio of 0.36. The company has a market capitalization of $12.42 billion, a PE ratio of 16.54, a P/E/G ratio of 1.19 and a beta of 1.41.

TD SYNNEX (NYSE:SNX) last issued its earnings results on Thursday, September 25th. The business services provider reported $3.58 earnings per share (EPS) for the quarter, topping analysts’ consensus estimates of $3.05 by $0.53. The firm had revenue of $15.65 billion for the quarter, compared to analysts’ expectations 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 last year, the business earned $2.86 earnings per share. TD SYNNEX has set its Q4 2025 guidance at 3.450-3.950 EPS. Research analysts forecast that TD SYNNEX Corporation will post 11.88 EPS for the current year.

TD SYNNEX Dividend Announcement

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

Insider Transactions at TD SYNNEX

In other news, Director Richard T. Hume sold 5,000 shares of TD SYNNEX stock in a transaction on Monday, November 3rd. The shares were sold at an average price of $153.81, for a total transaction of $769,050.00. Following the transaction, the director directly owned 57,515 shares of the company’s stock, valued at $8,846,382.15. This trade represents a 8.00% decrease in their ownership of the stock. The sale was disclosed in a document filed with the SEC, which is available through this hyperlink. Also, Director Merline Saintil sold 336 shares of the business’s stock in a transaction on 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 transaction, the director directly owned 7,330 shares of the company’s stock, valued at $1,141,940.70. This trade represents a 4.38% decrease in their position. Additional details regarding this sale are available in the official SEC disclosure. In the last three months, insiders have sold 14,632 shares of company stock valued at $2,264,033. Corporate insiders own 1.00% of the company’s stock.

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.