Federated Hermes Inc. Grows Stock Position in TD SYNNEX Corporation $SNX

Federated Hermes Inc. raised its holdings in TD SYNNEX Corporation (NYSE:SNX) by 1.8% during the second quarter, according to its most recent disclosure with the Securities & Exchange Commission. The firm owned 215,390 shares of the business services provider’s stock after purchasing an additional 3,736 shares during the quarter. Federated Hermes Inc. owned 0.26% of TD SYNNEX worth $29,228,000 as of its most recent SEC filing.

A number of other hedge funds have also modified their holdings of SNX. Mitsubishi UFJ Asset Management Co. Ltd. boosted its stake in 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 buying an additional 188 shares during the period. Caitong International Asset Management Co. Ltd acquired a new position in shares of TD SYNNEX in the 2nd quarter worth approximately $55,000. MAI Capital Management lifted its holdings in shares of TD SYNNEX by 90.2% in the 2nd 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. 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 purchasing an additional 405 shares during the last quarter. Finally, Quarry LP purchased a new stake in TD SYNNEX in the first quarter valued at approximately $51,000. 84.00% of the stock is currently owned by hedge funds and other institutional investors.

Insider Activity

In other news, CFO Marshall Witt sold 861 shares of the business’s stock in a transaction that occurred on Wednesday, September 17th. The shares were sold at an average price of $149.84, for a total transaction of $129,012.24. Following the completion of the sale, the chief financial officer owned 49,777 shares in the company, valued at approximately $7,458,585.68. The trade was a 1.70% decrease in their position. The sale was disclosed in a filing with the Securities & Exchange Commission, which can be accessed through this link. Also, insider Miriam Anne Murphy sold 1,673 shares of the company’s stock in a transaction on Friday, October 31st. The shares were sold at an average price of $156.49, for a total transaction of $261,807.77. Following the completion of the transaction, the insider owned 16,529 shares of the company’s stock, valued at approximately $2,586,623.21. The trade was a 9.19% decrease in their position. The disclosure for this sale is available in the SEC filing. Insiders have sold 19,800 shares of company stock valued at $3,050,350 over the last 90 days. Insiders own 1.00% of the company’s stock.

Wall Street Analysts Forecast Growth

A number of equities research analysts have recently weighed in on the company. Bank of America lifted their price objective on TD SYNNEX from $170.00 to $180.00 and gave the company a “buy” rating in a research note on Friday, September 26th. Zacks Research upgraded TD SYNNEX from a “hold” rating to a “strong-buy” rating in a report on Wednesday, October 1st. Royal Bank Of Canada boosted their price target on shares of TD SYNNEX from $165.00 to $180.00 and gave the stock an “outperform” rating in a research note on Friday, September 26th. UBS Group raised their price objective on shares of TD SYNNEX from $154.00 to $187.00 and gave the company a “buy” rating in a research note on Monday, September 29th. Finally, Raymond James Financial set a $175.00 target price on shares of TD SYNNEX in a research note on Thursday, September 25th. One equities 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 company’s stock. Based on data from MarketBeat, the stock has an average rating of “Moderate Buy” and a consensus target price of $169.55.

TD SYNNEX Trading Up 0.2%

Shares of NYSE:SNX opened at $154.58 on Wednesday. TD SYNNEX Corporation has a 52 week low of $92.23 and a 52 week high of $167.76. The company’s 50 day moving average is $153.50 and its two-hundred day moving average is $145.64. The company has a market cap of $12.59 billion, a PE ratio of 16.77, a P/E/G ratio of 1.07 and a beta of 1.36. The company has a current ratio of 1.20, a quick ratio of 0.71 and a debt-to-equity ratio of 0.36.

TD SYNNEX (NYSE:SNX) last issued its earnings results on Thursday, September 25th. The business services provider reported $3.58 EPS for the quarter, topping analysts’ consensus estimates of $3.05 by $0.53. TD SYNNEX had a net margin of 1.27% and a return on equity of 12.13%. The firm had revenue of $15.65 billion during the quarter, compared to the consensus estimate of $15.11 billion. During the same quarter in the previous year, the firm posted $2.86 earnings per share. The company’s revenue was up 6.6% compared to the same quarter last year. TD SYNNEX has set its Q4 2025 guidance at 3.450-3.950 EPS. Equities analysts predict that TD SYNNEX Corporation will post 11.88 earnings per share for the current fiscal year.

TD SYNNEX Dividend Announcement

The firm also recently announced a quarterly dividend, which was paid on Friday, October 31st. Stockholders of record on Friday, October 17th were given a dividend of $0.44 per share. This represents a $1.76 annualized dividend and a dividend yield of 1.1%. The ex-dividend date of this dividend was Friday, October 17th. TD SYNNEX’s dividend payout ratio (DPR) is 19.09%.

TD SYNNEX Company 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.