Thrivent Financial for Lutherans Boosts Stake in TD SYNNEX Corporation $SNX

Thrivent Financial for Lutherans lifted its holdings in shares of TD SYNNEX Corporation (NYSE:SNX) by 7.7% in the third quarter, according to the company in its most recent filing with the Securities and Exchange Commission. The firm owned 992,779 shares of the business services provider’s stock after purchasing an additional 71,249 shares during the quarter. Thrivent Financial for Lutherans owned about 1.22% of TD SYNNEX worth $162,568,000 as of its most recent filing with the Securities and Exchange Commission.

A number of other hedge funds and other institutional investors have also recently modified their holdings of SNX. Root Financial Partners LLC purchased a new position in TD SYNNEX during the third quarter worth about $42,000. Caitong International Asset Management Co. Ltd purchased a new position in shares of TD SYNNEX during the 2nd quarter worth approximately $55,000. MAI Capital Management increased its holdings in TD SYNNEX by 90.2% in the 2nd quarter. MAI Capital Management now owns 428 shares of the business services provider’s stock valued at $58,000 after purchasing an additional 203 shares during the last quarter. Hantz Financial Services Inc. raised its position in TD SYNNEX by 1,012.5% in the second 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 period. Finally, Blue Trust Inc. lifted its stake in TD SYNNEX by 23.7% during the second 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.

Insider Transactions at TD SYNNEX

In other TD SYNNEX news, Director Richard T. Hume sold 25,000 shares of the firm’s stock in a transaction on Thursday, January 29th. The stock was sold at an average price of $160.67, for a total value of $4,016,750.00. Following the completion of the sale, the director owned 47,515 shares of the company’s stock, valued at approximately $7,634,235.05. This trade represents a 34.48% decrease in their ownership of the stock. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which can be accessed through the SEC website. Also, Director Merline Saintil sold 336 shares of the firm’s stock in a transaction dated 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 sale, the director 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. The disclosure for this sale is available in the SEC filing. In the last three months, insiders have sold 53,495 shares of company stock worth $8,476,290. Corporate insiders own 1.00% of the company’s stock.

Wall Street Analyst Weigh In

A number of brokerages have recently weighed in on SNX. Weiss Ratings reaffirmed a “buy (b-)” rating on shares of TD SYNNEX in a research note on Wednesday, January 21st. Morgan Stanley dropped their target price on TD SYNNEX from $177.00 to $172.00 and set an “overweight” rating for the company in a research report on Friday, January 9th. Barrington Research reissued an “outperform” rating and set a $182.00 price target on shares of TD SYNNEX in a research report on Friday, January 9th. Zacks Research cut shares of TD SYNNEX from a “strong-buy” rating to a “hold” rating in a report on Monday, December 15th. Finally, Royal Bank Of Canada reaffirmed an “outperform” rating on shares of TD SYNNEX in a research note on Monday, December 22nd. Nine investment analysts have rated the stock with a Buy rating and three have issued a Hold rating to the stock. According to data from MarketBeat, the stock currently has a consensus rating of “Moderate Buy” and a consensus price target of $170.64.

TD SYNNEX Stock Down 1.9%

Shares of TD SYNNEX stock opened at $158.65 on Friday. The company has a quick ratio of 0.75, a current ratio of 1.21 and a debt-to-equity ratio of 0.43. TD SYNNEX Corporation has a 52-week low of $92.23 and a 52-week high of $167.76. The company has a market capitalization of $12.81 billion, a P/E ratio of 15.91, a P/E/G ratio of 1.16 and a beta of 1.37. The company has a 50 day moving average of $152.86 and a 200 day moving average of $151.46.

TD SYNNEX (NYSE:SNX) last announced its quarterly earnings results on Thursday, January 8th. The business services provider reported $3.83 earnings per share (EPS) for the quarter, topping analysts’ consensus estimates of $3.68 by $0.15. TD SYNNEX had a return on equity of 12.60% and a net margin of 1.32%.The company had revenue of $17.38 billion during the quarter, compared to the consensus estimate of $15.46 billion. During the same period in the previous year, the business earned $3.09 EPS. TD SYNNEX’s revenue for the quarter was up 9.7% on a year-over-year basis. TD SYNNEX has set its Q1 2026 guidance at 3.000-3.500 EPS. As a group, research 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. Stockholders of record on Friday, January 16th were paid a dividend of $0.48 per share. This represents a $1.92 annualized dividend and a dividend yield of 1.2%. This is a positive change from TD SYNNEX’s previous quarterly dividend of $0.44. The ex-dividend date was Friday, January 16th. TD SYNNEX’s payout ratio is currently 19.26%.

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.