TD SYNNEX Corporation $SNX Shares Sold by Principal Financial Group Inc.

Principal Financial Group Inc. reduced its position in shares of TD SYNNEX Corporation (NYSE:SNX) by 11.5% during the third quarter, according to the company in its most recent Form 13F filing with the Securities and Exchange Commission. The institutional investor owned 647,049 shares of the business services provider’s stock after selling 83,730 shares during the period. Principal Financial Group Inc. owned about 0.79% of TD SYNNEX worth $105,956,000 as of its most recent SEC filing.

A number of other large investors have also added to or reduced their stakes in SNX. Root Financial Partners LLC purchased a new position in TD SYNNEX in the 3rd quarter valued at about $42,000. Caitong International Asset Management Co. Ltd acquired a new position in shares of TD SYNNEX in the second quarter worth about $55,000. MAI Capital Management boosted its holdings in TD SYNNEX by 90.2% in the second 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. grew its stake in TD SYNNEX by 1,012.5% during the 2nd 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 in the last quarter. Finally, Blue Trust Inc. increased its holdings in TD SYNNEX by 23.7% during the 2nd quarter. Blue Trust Inc. now owns 543 shares of the business services provider’s stock worth $74,000 after purchasing an additional 104 shares during the last quarter. 84.00% of the stock is owned by institutional investors and hedge funds.

TD SYNNEX Price Performance

SNX opened at $160.59 on Tuesday. The company has a quick ratio of 0.75, a current ratio of 1.21 and a debt-to-equity ratio of 0.43. The company’s 50-day moving average price is $153.07 and its 200 day moving average price is $151.65. TD SYNNEX Corporation has a fifty-two week low of $92.23 and a fifty-two week high of $167.76. The firm has a market cap of $12.96 billion, a price-to-earnings ratio of 16.11, a price-to-earnings-growth ratio of 1.14 and a beta of 1.38.

TD SYNNEX (NYSE:SNX) last issued its earnings results on Thursday, January 8th. The business services provider reported $3.83 EPS for the quarter, beating analysts’ consensus estimates of $3.68 by $0.15. The company had revenue of $17.38 billion during the quarter, compared to the consensus estimate of $15.46 billion. TD SYNNEX had a return on equity of 12.60% and a net margin of 1.32%.TD SYNNEX’s quarterly revenue was up 9.7% compared to the same quarter last year. During the same period in the previous year, the firm posted $3.09 earnings per share. TD SYNNEX has set its Q1 2026 guidance at 3.000-3.500 EPS. As a group, sell-side analysts expect that TD SYNNEX Corporation will post 11.88 earnings per share for the current year.

TD SYNNEX Increases Dividend

The company also recently declared a quarterly dividend, which was paid on Friday, January 30th. Stockholders of record on Friday, January 16th were issued 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 of this dividend was Friday, January 16th. TD SYNNEX’s dividend payout ratio is presently 19.26%.

Wall Street Analyst Weigh In

Several equities analysts have recently commented on the company. Morgan Stanley reduced their target price on TD SYNNEX from $177.00 to $172.00 and set an “overweight” rating for the company in a research note on Friday, January 9th. Weiss Ratings reiterated a “buy (b-)” rating on shares of TD SYNNEX in a research note on Wednesday, January 21st. UBS Group boosted their target price on shares of TD SYNNEX from $187.00 to $193.00 and gave the stock a “buy” rating in a research report on Friday, January 9th. Barrington Research restated an “outperform” rating and issued a $182.00 target price on shares of TD SYNNEX in a research note on Friday, January 9th. Finally, Wall Street Zen upgraded TD SYNNEX from a “hold” rating to a “buy” rating in a research note on Monday. Nine equities research analysts have rated the stock with a Buy rating and three have given a Hold rating to the company’s stock. According to MarketBeat, the stock presently has a consensus rating of “Moderate Buy” and an average target price of $170.64.

Insider Activity

In other TD SYNNEX news, Director Richard T. Hume sold 25,000 shares of the company’s stock in a transaction dated Thursday, January 29th. The shares were sold at an average price of $160.67, for a total value of $4,016,750.00. Following the completion of the transaction, the director owned 47,515 shares in the company, valued at approximately $7,634,235.05. This represents a 34.48% decrease in their position. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is available at this link. 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 sale, the director directly owned 7,162 shares in the company, valued at approximately $1,098,507.56. This trade represents a 2.29% decrease in their position. Additional details regarding this sale are available in the official SEC disclosure. Insiders have sold 48,651 shares of company stock valued at $7,733,817 in the last 90 days. Insiders own 1.00% 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.