Dynamic Technology Lab Private Ltd Decreases Holdings in TD SYNNEX Corporation $SNX

Dynamic Technology Lab Private Ltd decreased its holdings in TD SYNNEX Corporation (NYSE:SNX) by 82.6% in the third quarter, according to its most recent 13F filing with the SEC. The institutional investor owned 6,830 shares of the business services provider’s stock after selling 32,500 shares during the period. Dynamic Technology Lab Private Ltd’s holdings in TD SYNNEX were worth $1,118,000 as of its most recent SEC filing.

Several other institutional investors and hedge funds also recently made changes to their positions in the business. Root Financial Partners LLC purchased a new position in TD SYNNEX in the 3rd quarter worth $42,000. MAI Capital Management boosted its position in TD SYNNEX by 90.2% during the second quarter. MAI Capital Management now owns 428 shares of the business services provider’s stock valued at $58,000 after buying an additional 203 shares during the period. EverSource Wealth Advisors LLC grew its stake in shares of TD SYNNEX by 17.4% during the second quarter. EverSource Wealth Advisors LLC now owns 852 shares of the business services provider’s stock valued at $116,000 after buying an additional 126 shares during the last quarter. Jones Financial Companies Lllp increased its holdings in shares of TD SYNNEX by 10.6% in the third quarter. Jones Financial Companies Lllp now owns 775 shares of the business services provider’s stock worth $127,000 after buying an additional 74 shares during the period. Finally, Hantz Financial Services Inc. increased its holdings in shares of TD SYNNEX by 93.5% in the third quarter. Hantz Financial Services Inc. now owns 861 shares of the business services provider’s stock worth $141,000 after buying an additional 416 shares during the period. Institutional investors own 84.00% of the company’s stock.

TD SYNNEX Stock Down 0.9%

Shares of NYSE:SNX opened at $156.57 on Monday. The stock’s 50-day moving average is $157.03 and its 200 day moving average is $154.31. The company has a market cap of $12.62 billion, a PE ratio of 15.70, a P/E/G ratio of 1.12 and a beta of 1.37. The company has a debt-to-equity ratio of 0.43, a current ratio of 1.21 and a quick ratio of 0.75. TD SYNNEX Corporation has a 1 year low of $92.23 and a 1 year high of $175.56.

TD SYNNEX (NYSE:SNX) last released its quarterly earnings data on Thursday, January 8th. The business services provider reported $3.83 earnings per share for the quarter, topping the consensus estimate of $3.68 by $0.15. TD SYNNEX had a return on equity of 12.60% and a net margin of 1.32%.The business had revenue of $17.38 billion during the quarter, compared to analysts’ expectations of $15.46 billion. During the same quarter last year, the business posted $3.09 EPS. The business’s revenue was up 9.7% on a year-over-year basis. TD SYNNEX has set its Q1 2026 guidance at 3.000-3.500 EPS. Sell-side analysts anticipate that TD SYNNEX Corporation will post 11.88 EPS for the current year.

TD SYNNEX Increases Dividend

The business also recently disclosed a quarterly dividend, which was paid on Friday, January 30th. Shareholders of record on Friday, January 16th were given a dividend of $0.48 per share. This represents a $1.92 dividend on an annualized basis and a yield of 1.2%. The ex-dividend date of this dividend was Friday, January 16th. This is an increase from TD SYNNEX’s previous quarterly dividend of $0.44. TD SYNNEX’s payout ratio is presently 19.26%.

Wall Street Analysts Forecast Growth

Several equities research analysts recently weighed in on the company. Zacks Research cut TD SYNNEX from a “strong-buy” rating to a “hold” rating in a report on Monday, December 15th. Weiss Ratings reaffirmed a “buy (b-)” rating on shares of TD SYNNEX in a research note on Wednesday, January 21st. Barrington Research reissued an “outperform” rating and set a $182.00 price objective on shares of TD SYNNEX in a research note on Friday, January 9th. Wall Street Zen upgraded shares of TD SYNNEX from a “hold” rating to a “buy” rating in a report on Saturday, February 21st. Finally, UBS Group lifted their target price on shares of TD SYNNEX from $187.00 to $193.00 and gave the stock a “buy” rating in a research note on Friday, January 9th. Nine equities research analysts have rated the stock with a Buy rating and three have assigned a Hold rating to the stock. According to data from MarketBeat, the stock presently has an average rating of “Moderate Buy” and an average price target of $170.64.

Insider Buying and Selling at TD SYNNEX

In other news, Director Merline Saintil sold 167 shares of TD SYNNEX stock in a transaction dated Wednesday, March 4th. The shares were sold at an average price of $157.75, for a total transaction of $26,344.25. Following the sale, the director owned 6,995 shares of the company’s stock, valued at approximately $1,103,461.25. The trade was a 2.33% decrease in their position. The sale was disclosed in a document filed with the SEC, which is accessible through this hyperlink. Also, CEO Patrick Zammit sold 13,900 shares of the business’s stock in a transaction dated Friday, February 6th. The shares were sold at an average price of $171.57, for a total transaction of $2,384,823.00. Following the transaction, the chief executive officer owned 170,928 shares in the company, valued at $29,326,116.96. This represents a 7.52% decrease in their position. The SEC filing for this sale provides additional information. In the last ninety days, insiders have sold 80,915 shares of company stock valued at $13,111,786. 0.70% of the stock is currently owned by company insiders.

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.