Citigroup Inc. Increases Stock Position in TD SYNNEX Corporation $SNX

Citigroup Inc. increased its position in TD SYNNEX Corporation (NYSE:SNX) by 12.0% during the 3rd quarter, according to its most recent filing with the Securities and Exchange Commission. The firm owned 83,103 shares of the business services provider’s stock after buying an additional 8,914 shares during the quarter. Citigroup Inc. owned about 0.10% of TD SYNNEX worth $13,608,000 as of its most recent filing with the Securities and Exchange Commission.

A number of other institutional investors have also recently added to or reduced their stakes in the company. Federated Hermes Inc. boosted its position in TD SYNNEX by 1.8% during the 2nd quarter. Federated Hermes Inc. now owns 215,390 shares of the business services provider’s stock worth $29,228,000 after purchasing an additional 3,736 shares during the period. Thrivent Financial for Lutherans lifted its stake in shares of TD SYNNEX by 7.7% during the third quarter. Thrivent Financial for Lutherans now owns 992,779 shares of the business services provider’s stock worth $162,568,000 after purchasing an additional 71,249 shares in the last quarter. Leith Wheeler Investment Counsel Ltd. purchased a new stake in shares of TD SYNNEX in the second quarter worth about $3,452,000. Allspring Global Investments Holdings LLC grew its stake in shares of TD SYNNEX by 16.4% in the third quarter. Allspring Global Investments Holdings LLC now owns 331,743 shares of the business services provider’s stock valued at $54,535,000 after buying an additional 46,713 shares in the last quarter. Finally, Asset Management One Co. Ltd. purchased a new stake in shares of TD SYNNEX during the 3rd quarter valued at about $1,701,000. Hedge funds and other institutional investors own 84.00% of the company’s stock.

TD SYNNEX Stock Down 1.2%

Shares of TD SYNNEX stock opened at $156.63 on Friday. The business has a 50-day moving average price of $156.63 and a 200 day moving average price of $153.92. TD SYNNEX Corporation has a fifty-two week low of $92.23 and a fifty-two week high of $175.56. The firm has a market cap of $12.63 billion, a P/E ratio of 15.71, a P/E/G ratio of 1.14 and a beta of 1.38. 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 (NYSE:SNX) last issued its earnings results on Thursday, January 8th. The business services provider reported $3.83 EPS for the quarter, topping the consensus estimate of $3.68 by $0.15. The company had revenue of $17.38 billion during the quarter, compared to analyst estimates of $15.46 billion. TD SYNNEX had a return on equity of 12.60% and a net margin of 1.32%.The business’s revenue was up 9.7% on a year-over-year basis. During the same quarter last year, the firm earned $3.09 EPS. TD SYNNEX has set its Q1 2026 guidance at 3.000-3.500 EPS. On average, sell-side analysts forecast 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. Stockholders of record on Friday, January 16th were given a $0.48 dividend. This represents a $1.92 dividend on an annualized basis and a dividend yield of 1.2%. The ex-dividend date was Friday, January 16th. This is an increase from TD SYNNEX’s previous quarterly dividend of $0.44. TD SYNNEX’s payout ratio is 19.26%.

Analyst Upgrades and Downgrades

Several analysts have issued reports on SNX shares. The Goldman Sachs Group initiated coverage on shares of TD SYNNEX in a research report on Tuesday, January 13th. They issued a “buy” rating and a $180.00 price objective for the company. Morgan Stanley lowered their price target on shares of TD SYNNEX from $177.00 to $172.00 and set an “overweight” rating for the company in a report on Friday, January 9th. Zacks Research downgraded shares of TD SYNNEX from a “strong-buy” rating to a “hold” rating in a research note on Monday, December 15th. Wall Street Zen raised shares of TD SYNNEX from a “hold” rating to a “buy” rating in a research report on Saturday, February 21st. Finally, Royal Bank Of Canada reaffirmed an “outperform” rating on shares of TD SYNNEX in a research report on Monday, December 22nd. Nine analysts have rated the stock with a Buy rating and three have assigned a Hold rating to the company’s stock. According to MarketBeat, TD SYNNEX presently has a consensus rating of “Moderate Buy” and an average target price of $170.64.

Insider Activity

In related news, Director Richard T. Hume sold 25,000 shares of the stock in a transaction dated Thursday, January 29th. The shares were sold at an average price of $160.67, for a total transaction of $4,016,750.00. Following 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 transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is available through this hyperlink. Also, Director Merline Saintil sold 168 shares of TD SYNNEX stock in a transaction that occurred on Thursday, December 4th. The shares were 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 of the company’s stock, valued at approximately $1,098,507.56. The trade was a 2.29% decrease in their ownership of the stock. The disclosure for this sale is available in the SEC filing. In the last three months, insiders sold 85,916 shares of company stock valued at $13,871,759. Company insiders own 0.70% of the company’s stock.

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.