TD SYNNEX Corporation $SNX Shares Bought by Allspring Global Investments Holdings LLC

Allspring Global Investments Holdings LLC lifted its stake in shares of TD SYNNEX Corporation (NYSE:SNX) by 1.1% during the fourth quarter, according to the company in its most recent filing with the Securities & Exchange Commission. The firm owned 335,504 shares of the business services provider’s stock after purchasing an additional 3,761 shares during the quarter. Allspring Global Investments Holdings LLC owned about 0.41% of TD SYNNEX worth $51,476,000 at the end of the most recent quarter.

A number of other large investors have also made changes to their positions in the stock. Ossiam lifted its position in shares of TD SYNNEX by 84.3% during the 3rd quarter. Ossiam now owns 164 shares of the business services provider’s stock valued at $27,000 after acquiring an additional 75 shares during the period. Measured Wealth Private Client Group LLC purchased a new position in TD SYNNEX in the 3rd quarter valued at approximately $30,000. Brown Brothers Harriman & Co. raised its holdings in TD SYNNEX by 675.9% during the third quarter. Brown Brothers Harriman & Co. now owns 225 shares of the business services provider’s stock worth $37,000 after purchasing an additional 196 shares during the last quarter. Root Financial Partners LLC acquired a new position in TD SYNNEX during the third quarter worth $42,000. Finally, Danske Bank A S purchased a new stake in TD SYNNEX during the third quarter worth $98,000. Hedge funds and other institutional investors own 84.00% of the company’s stock.

Analyst Ratings Changes

Several analysts have weighed in on the company. Wall Street Zen raised TD SYNNEX from a “hold” rating to a “buy” rating in a report on Saturday, February 21st. Barclays boosted their price objective on shares of TD SYNNEX from $163.00 to $166.00 and gave the stock an “equal weight” rating in a research report on Wednesday. Royal Bank Of Canada reissued an “outperform” rating on shares of TD SYNNEX in a research note on Monday, December 22nd. Morgan Stanley raised their target price on shares of TD SYNNEX from $172.00 to $174.00 and gave the company an “overweight” rating in a report on Friday, March 20th. Finally, Zacks Research cut shares of TD SYNNEX from a “strong-buy” rating to a “hold” rating in a research report on Monday, December 15th. Eight 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, the stock currently has a consensus rating of “Moderate Buy” and an average target price of $177.50.

TD SYNNEX News Roundup

Here are the key news stories impacting TD SYNNEX this week:

• Positive Sentiment: Blowout Q1 results: SNX reported record fiscal Q1 results with revenue of $17.16B (up 18.1% YoY) and non-GAAP EPS of $4.73, materially beating estimates — the primary catalyst for the stock’s move higher today. Zacks: Q1 Earnings
• Positive Sentiment: Upbeat guidance and AI/cloud commentary: Management issued a positive Q2 outlook and tied demand to AI infrastructure, hyperscalers and cloud spending — signaling revenue momentum and supporting a re-rating. Quiver Quant: Earnings & Outlook
• Positive Sentiment: Dividend declared: SNX announced a quarterly cash dividend ($0.48 per share, record April 15, payable April 29), which supports yield-oriented investor demand. (Company press release disclosures)
• Neutral Sentiment: Partnerships/market positioning: New distribution partnerships (e.g., FatPipe) expand product reach and support long-term growth but are incremental versus the earnings beat. PR Newswire: FatPipe Partnership
• Neutral Sentiment: Analysts mixed — price-target moves: JPMorgan raised its target to $185 but kept a “neutral” rating (limited endorsement of further upside). That provides some support but not a bullish stamp. Benzinga: JPMorgan PT Raise
• Negative Sentiment: Barclays keeps cautious stance: Barclays raised its PT to $166 but maintains an “equal weight” view — the new target implies meaningful downside from current levels and is a restraint on sentiment. TickerReport / Benzinga: Barclays PT
• Negative Sentiment: Insider and institutional selling: Public filings show heavy insider sales and notable institutional position reductions by several large managers in recent quarters — a potential headwind if selling pressure persists. Quiver Quant: Insider & Institutional Activity

Insider Activity

In other TD SYNNEX news, CEO Patrick Zammit sold 13,900 shares of TD SYNNEX stock in a transaction that occurred on Friday, February 6th. The shares were sold at an average price of $171.57, for a total value of $2,384,823.00. Following the completion of the sale, the chief executive officer directly owned 170,928 shares of the company’s stock, valued at approximately $29,326,116.96. The trade was a 7.52% decrease in their position. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is accessible through this hyperlink. Also, Director Merline Saintil sold 167 shares of the business’s stock in a transaction on Wednesday, March 4th. The shares were sold at an average price of $157.75, for a total value of $26,344.25. Following the completion of the transaction, the director owned 6,995 shares of the company’s stock, valued at $1,103,461.25. This trade represents a 2.33% decrease in their ownership of the stock. The disclosure for this sale is available in the SEC filing. Insiders sold a total of 80,915 shares of company stock valued at $13,111,786 over the last 90 days. Insiders own 0.70% of the company’s stock.

TD SYNNEX Stock Performance

NYSE SNX opened at $186.22 on Thursday. The company has a quick ratio of 0.75, a current ratio of 1.22 and a debt-to-equity ratio of 0.41. TD SYNNEX Corporation has a fifty-two week low of $92.23 and a fifty-two week high of $186.51. The business has a fifty day moving average of $159.91 and a 200-day moving average of $155.50. The stock has a market cap of $15.01 billion, a price-to-earnings ratio of 15.48, a price-to-earnings-growth ratio of 1.21 and a beta of 1.22.

TD SYNNEX (NYSE:SNX) last posted its quarterly earnings data on Tuesday, March 31st. The business services provider reported $4.73 EPS for the quarter, beating analysts’ consensus estimates of $3.24 by $1.49. The business had revenue of $17.16 billion for the quarter, compared to analyst estimates of $15.59 billion. TD SYNNEX had a return on equity of 14.03% and a net margin of 1.52%.The business’s revenue for the quarter was up 18.1% compared to the same quarter last year. During the same quarter last year, the company earned $2.80 earnings per share. As a group, analysts predict that TD SYNNEX Corporation will post 11.88 earnings per share for the current fiscal year.

TD SYNNEX Dividend Announcement

The company also recently declared a quarterly dividend, which will be paid on Wednesday, April 29th. Stockholders of record on Wednesday, April 15th will be issued a dividend of $0.48 per share. The ex-dividend date is Wednesday, April 15th. This represents a $1.92 dividend on an annualized basis and a dividend yield of 1.0%. TD SYNNEX’s payout ratio is 15.96%.

About TD SYNNEX

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.