Envestnet Asset Management Inc. Purchases 8,264 Shares of TD SYNNEX Corporation $SNX

Envestnet Asset Management Inc. grew its position in shares of TD SYNNEX Corporation (NYSE:SNX) by 11.1% during the 3rd quarter, according to its most recent 13F filing with the Securities and Exchange Commission. The fund owned 82,977 shares of the business services provider’s stock after purchasing an additional 8,264 shares during the quarter. Envestnet Asset Management Inc. owned approximately 0.10% of TD SYNNEX worth $13,587,000 as of its most recent SEC filing.

Other institutional investors also recently made changes to their positions in the company. Root Financial Partners LLC purchased a new position in TD SYNNEX in the 3rd quarter worth $42,000. Caitong International Asset Management Co. Ltd bought a new position in shares of TD SYNNEX during the second quarter valued at about $55,000. MAI Capital Management increased its holdings in shares of TD SYNNEX by 90.2% in the second quarter. MAI Capital Management now owns 428 shares of the business services provider’s stock worth $58,000 after buying an additional 203 shares during the period. Hantz Financial Services Inc. lifted its stake in shares of 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 acquiring an additional 405 shares during the last quarter. Finally, Private Trust Co. NA boosted its holdings in TD SYNNEX by 4,077.8% during the 2nd quarter. Private Trust Co. NA now owns 752 shares of the business services provider’s stock valued at $102,000 after acquiring an additional 734 shares during the period. Hedge funds and other institutional investors own 84.00% of the company’s stock.

TD SYNNEX Stock Up 2.7%

NYSE:SNX opened at $161.69 on Tuesday. The firm has a market cap of $13.04 billion, a P/E ratio of 16.22, a P/E/G ratio of 1.16 and a beta of 1.38. The firm has a 50-day simple moving average of $155.56 and a two-hundred day simple moving average of $153.06. TD SYNNEX Corporation has a fifty-two week low of $92.23 and a fifty-two week high of $175.56. The company has a debt-to-equity ratio of 0.43, a quick ratio of 0.75 and a current ratio of 1.21.

TD SYNNEX (NYSE:SNX) last released its quarterly earnings data on Thursday, January 8th. The business services provider reported $3.83 EPS for the quarter, beating the consensus estimate 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 for the quarter, compared to analysts’ expectations of $15.46 billion. TD SYNNEX’s revenue was up 9.7% compared to the same quarter last year. During the same period last year, the firm posted $3.09 earnings per share. TD SYNNEX has set its Q1 2026 guidance at 3.000-3.500 EPS. Analysts predict that TD SYNNEX Corporation will post 11.88 earnings per share for the current fiscal year.

TD SYNNEX Increases Dividend

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

Insider Buying and Selling at TD SYNNEX

In related news, Director Merline Saintil sold 168 shares of TD SYNNEX stock in a transaction dated Thursday, December 4th. The stock was sold at an average price of $153.38, for a total value of $25,767.84. Following the completion of the transaction, the director owned 7,162 shares in the company, valued at $1,098,507.56. The trade was a 2.29% decrease in their position. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is available at the SEC website. Also, Director Richard T. Hume sold 23,365 shares of the stock in a transaction dated Monday, February 2nd. The shares were sold at an average price of $160.63, for a total transaction of $3,753,119.95. Following the completion of the sale, the director owned 42,515 shares of the company’s stock, valued at $6,829,184.45. This trade represents a 35.47% decrease in their ownership of the stock. The disclosure for this sale is available in the SEC filing. Insiders sold a total of 85,916 shares of company stock valued at $13,871,759 in the last ninety days. Corporate insiders own 1.00% of the company’s stock.

Analyst Ratings Changes

Several brokerages have weighed in on SNX. Barclays lowered their price objective on TD SYNNEX from $164.00 to $163.00 and set an “equal weight” rating for the company in a research report on Friday, January 9th. Weiss Ratings reiterated a “buy (b-)” rating on shares of TD SYNNEX in a report on Wednesday, January 21st. Royal Bank Of Canada reissued an “outperform” rating on shares of TD SYNNEX in a report on Monday, December 22nd. UBS Group boosted their price objective on shares of TD SYNNEX from $187.00 to $193.00 and gave the company a “buy” rating in a research report on Friday, January 9th. Finally, Wall Street Zen lowered shares of TD SYNNEX from a “buy” rating to a “hold” rating in a report on Tuesday, February 10th. Nine investment analysts have rated the stock with a Buy rating and three have issued a Hold rating to the company. According to data from MarketBeat.com, the stock presently has a consensus rating of “Moderate Buy” and a consensus price target of $170.64.

TD SYNNEX Company 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.