Federated Hermes Inc. Sells 13,239 Shares of TD SYNNEX Corporation $SNX

Federated Hermes Inc. decreased its position in TD SYNNEX Corporation (NYSE:SNX) by 6.1% during the 3rd quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission. The fund owned 202,151 shares of the business services provider’s stock after selling 13,239 shares during the quarter. Federated Hermes Inc. owned about 0.25% of TD SYNNEX worth $33,102,000 as of its most recent SEC filing.

Several other hedge funds have also added to or reduced their stakes in SNX. Parcion Private Wealth LLC increased its holdings in shares of TD SYNNEX by 0.4% during the third quarter. Parcion Private Wealth LLC now owns 15,189 shares of the business services provider’s stock worth $2,487,000 after purchasing an additional 68 shares during the period. Oregon Public Employees Retirement Fund increased its stake in TD SYNNEX by 0.7% during the 3rd quarter. Oregon Public Employees Retirement Fund now owns 15,437 shares of the business services provider’s stock worth $2,528,000 after acquiring an additional 100 shares during the period. ProShare Advisors LLC raised its holdings in TD SYNNEX by 3.1% in the 2nd quarter. ProShare Advisors LLC now owns 3,311 shares of the business services provider’s stock valued at $449,000 after acquiring an additional 101 shares in the last quarter. HB Wealth Management LLC lifted its position in shares of TD SYNNEX by 4.5% during the 3rd quarter. HB Wealth Management LLC now owns 2,402 shares of the business services provider’s stock valued at $393,000 after acquiring an additional 103 shares during the period. Finally, Blue Trust Inc. grew its holdings in shares of TD SYNNEX by 23.7% during the 2nd quarter. Blue Trust Inc. now owns 543 shares of the business services provider’s stock worth $74,000 after purchasing an additional 104 shares in the last quarter. 84.00% of the stock is owned by institutional investors and hedge funds.

TD SYNNEX Price Performance

Shares of NYSE:SNX opened at $158.65 on Friday. The stock’s 50 day moving average is $152.86 and its 200-day moving average is $151.38. 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 0.75, a current ratio of 1.21 and a debt-to-equity ratio of 0.43. The firm has a market capitalization of $12.81 billion, a price-to-earnings ratio of 15.91, a PEG ratio of 1.16 and a beta of 1.37.

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

TD SYNNEX Increases Dividend

The firm also recently announced a quarterly dividend, which was paid on Friday, January 30th. Shareholders of record on Friday, January 16th were given a dividend of $0.48 per share. This is a boost from TD SYNNEX’s previous quarterly dividend of $0.44. This represents a $1.92 dividend on an annualized basis and a yield of 1.2%. The ex-dividend date was Friday, January 16th. TD SYNNEX’s dividend payout ratio (DPR) is 19.26%.

Insider Activity

In other news, Director Merline Saintil sold 336 shares of the firm’s stock in a transaction on Monday, November 3rd. The stock was sold at an average price of $155.79, for a total value 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 ownership of the stock. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is available at the SEC website. Also, Director Richard T. Hume sold 25,000 shares of the stock in a transaction that occurred on Thursday, January 29th. The stock was sold at an average price of $160.67, for a total transaction of $4,016,750.00. Following the completion of the sale, the director owned 47,515 shares in the company, valued at $7,634,235.05. This represents a 34.48% decrease in their ownership of the stock. The SEC filing for this sale provides additional information. Insiders sold 53,495 shares of company stock valued at $8,476,290 in the last quarter. Corporate insiders own 1.00% of the company’s stock.

Wall Street Analyst Weigh In

A number of equities analysts recently issued reports on SNX shares. Barrington Research reiterated an “outperform” rating and set a $182.00 price objective on shares of TD SYNNEX in a research report on Friday, January 9th. Weiss Ratings reiterated a “buy (b-)” rating on shares of TD SYNNEX in a research note on Wednesday, January 21st. Wall Street Zen lowered TD SYNNEX from a “buy” rating to a “hold” rating in a research report on Sunday, January 25th. Zacks Research cut TD SYNNEX from a “strong-buy” rating to a “hold” rating in a report on Monday, December 15th. Finally, Morgan Stanley cut their price target on TD SYNNEX from $177.00 to $172.00 and set an “overweight” rating on the stock in a research note on Friday, January 9th. Nine equities research analysts have rated the stock with a Buy rating and three have given a Hold rating to the company’s stock. Based on data from MarketBeat, the company has a consensus rating of “Moderate Buy” and a consensus price target of $170.64.

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.