TD SYNNEX (NYSE:SNX) CEO Patrick Zammit Sells 13,900 Shares of Stock

TD SYNNEX Corporation (NYSE:SNX) CEO Patrick Zammit sold 13,900 shares of the company’s 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 transaction, the chief executive officer directly owned 170,928 shares of the company’s stock, valued at approximately $29,326,116.96. This represents a 7.52% decrease in their ownership of the stock. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is available through this link.

TD SYNNEX Stock Up 0.3%

SNX stock opened at $171.88 on Tuesday. The stock has a market cap of $13.86 billion, a P/E ratio of 17.24, a P/E/G ratio of 1.23 and a beta of 1.38. The company has a current ratio of 1.21, a quick ratio of 0.75 and a debt-to-equity ratio of 0.43. The stock’s fifty day simple moving average is $154.52 and its two-hundred day simple moving average is $152.44. TD SYNNEX Corporation has a 1-year low of $92.23 and a 1-year high of $173.33.

TD SYNNEX (NYSE:SNX) last released its earnings results on Thursday, January 8th. The business services provider reported $3.83 EPS for the quarter, topping analysts’ consensus estimates of $3.68 by $0.15. The company had revenue of $17.38 billion for 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 business’s revenue for the quarter was up 9.7% compared to the same quarter last year. During the same period in the previous year, the business posted $3.09 EPS. TD SYNNEX has set its Q1 2026 guidance at 3.000-3.500 EPS. Analysts expect that TD SYNNEX Corporation will post 11.88 EPS for the current year.

TD SYNNEX Increases Dividend

The business also recently announced a quarterly dividend, which was paid on Friday, January 30th. Stockholders of record on Friday, January 16th were given 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 1.1%. This is an increase from TD SYNNEX’s previous quarterly dividend of $0.44. TD SYNNEX’s payout ratio is currently 19.26%.

Institutional Inflows and Outflows

A number of hedge funds have recently added to or reduced their stakes in SNX. Federated Hermes Inc. grew its holdings in shares of TD SYNNEX by 1.8% during the 2nd quarter. Federated Hermes Inc. now owns 215,390 shares of the business services provider’s stock valued at $29,228,000 after purchasing an additional 3,736 shares during the last quarter. Thrivent Financial for Lutherans boosted its position in 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 valued at $162,568,000 after buying an additional 71,249 shares during the period. Leith Wheeler Investment Counsel Ltd. bought a new position in shares of TD SYNNEX during the second quarter valued at about $3,452,000. Curbstone Financial Management Corp purchased a new position in shares of TD SYNNEX in the second quarter worth about $400,000. Finally, Allspring Global Investments Holdings LLC increased its holdings 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 worth $54,535,000 after buying an additional 46,713 shares during the period. Hedge funds and other institutional investors own 84.00% of the company’s stock.

Analysts Set New Price Targets

Several equities analysts recently commented on SNX shares. Royal Bank Of Canada reiterated an “outperform” rating on shares of TD SYNNEX in a research note on Monday, December 22nd. Weiss Ratings reaffirmed a “buy (b-)” rating on shares of TD SYNNEX in a research report on Wednesday, January 21st. Morgan Stanley decreased their price objective on 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 report on Monday, December 15th. Finally, Barclays cut their target price on shares of 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. Nine investment 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 has an average rating of “Moderate Buy” and an average target price of $170.64.

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.