TD SYNNEX Corporation $SNX Shares Sold by First Trust Advisors LP

First Trust Advisors LP lowered its position in TD SYNNEX Corporation (NYSE:SNX) by 17.7% in the third quarter, according to the company in its most recent Form 13F filing with the Securities & Exchange Commission. The institutional investor owned 249,268 shares of the business services provider’s stock after selling 53,499 shares during the quarter. First Trust Advisors LP owned 0.31% of TD SYNNEX worth $40,817,000 at the end of the most recent quarter.

Other institutional investors and hedge funds have also made changes to their positions in the company. Norges Bank purchased a new position in TD SYNNEX during the 2nd quarter valued at about $124,618,000. Vanguard Group Inc. lifted its holdings in shares of TD SYNNEX by 10.1% in the second quarter. Vanguard Group Inc. now owns 8,248,639 shares of the business services provider’s stock valued at $1,119,340,000 after purchasing an additional 759,022 shares in the last quarter. Victory Capital Management Inc. grew its position in shares of TD SYNNEX by 123.6% in the third quarter. Victory Capital Management Inc. now owns 728,321 shares of the business services provider’s stock valued at $119,263,000 after purchasing an additional 402,573 shares during the last quarter. Metropolis Capital Ltd grew its position in shares of TD SYNNEX by 44.8% in the third quarter. Metropolis Capital Ltd now owns 1,228,603 shares of the business services provider’s stock valued at $201,184,000 after purchasing an additional 379,904 shares during the last quarter. Finally, JPMorgan Chase & Co. increased its stake in shares of TD SYNNEX by 8.5% during the 2nd quarter. JPMorgan Chase & Co. now owns 4,230,059 shares of the business services provider’s stock worth $574,019,000 after purchasing an additional 330,085 shares in the last quarter. 84.00% of the stock is currently owned by hedge funds and other institutional investors.

Analyst Upgrades and Downgrades

Several research analysts recently issued reports on SNX shares. The Goldman Sachs Group assumed coverage on TD SYNNEX in a research report on Tuesday, January 13th. They set a “buy” rating and a $180.00 price objective for the company. Weiss Ratings reissued a “buy (b-)” rating on shares of TD SYNNEX in a research report on Wednesday, January 21st. UBS Group boosted their price target on TD SYNNEX from $187.00 to $193.00 and gave the stock a “buy” rating in a report on Friday, January 9th. Royal Bank Of Canada restated an “outperform” rating on shares of TD SYNNEX in a research report on Monday, December 22nd. Finally, Wall Street Zen raised TD SYNNEX from a “hold” rating to a “buy” rating in a research note on Saturday, February 21st. Nine equities research analysts have rated the stock with a Buy rating and three have issued a Hold rating to the company. Based on data from MarketBeat.com, the company presently has an average rating of “Moderate Buy” and an average price target of $170.64.

Insider Activity

In related news, Director Richard T. Hume sold 23,365 shares of the stock in a transaction on Monday, February 2nd. The stock was sold at an average price of $160.63, for a total value of $3,753,119.95. Following the completion of the sale, the director directly owned 42,515 shares in the company, valued at approximately $6,829,184.45. This represents a 35.47% decrease in their position. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is accessible through the SEC website. Also, Director Merline Saintil sold 167 shares of the firm’s stock in a transaction dated Wednesday, March 4th. The shares were sold at an average price of $157.75, for a total value of $26,344.25. Following the sale, the director owned 6,995 shares in the company, valued at approximately $1,103,461.25. The trade was a 2.33% decrease in their ownership of the stock. Additional details regarding this sale are available in the official SEC disclosure. Insiders sold 80,915 shares of company stock valued at $13,111,786 in the last ninety days. Company insiders own 0.70% of the company’s stock.

TD SYNNEX Stock Performance

TD SYNNEX stock opened at $153.17 on Friday. The firm has a market capitalization of $12.35 billion, a P/E ratio of 15.36, a PEG ratio of 1.14 and a beta of 1.37. The stock has a fifty day moving average price of $157.36 and a 200 day moving average price of $154.44. TD SYNNEX Corporation has a 52 week low of $92.23 and a 52 week high of $175.56. The company has a current ratio of 1.21, a quick ratio of 0.75 and a debt-to-equity ratio of 0.43.

TD SYNNEX (NYSE:SNX) last posted its quarterly earnings results 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. The company had revenue of $17.38 billion during 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%.The firm’s revenue was up 9.7% on a year-over-year basis. During the same quarter in the previous year, the business earned $3.09 EPS. TD SYNNEX has set its Q1 2026 guidance at 3.000-3.500 EPS. Equities research analysts anticipate that TD SYNNEX Corporation will post 11.88 earnings per share for the current year.

TD SYNNEX Increases Dividend

The business also recently declared a quarterly dividend, which was paid on Friday, January 30th. Shareholders of record on Friday, January 16th were issued a $0.48 dividend. This is a boost from TD SYNNEX’s previous quarterly dividend of $0.44. The ex-dividend date was Friday, January 16th. This represents a $1.92 dividend on an annualized basis and a dividend yield of 1.3%. TD SYNNEX’s dividend payout ratio (DPR) is 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.