43,600 Shares in TD SYNNEX Corporation $SNX Bought by Algert Global LLC

Algert Global LLC purchased a new position in shares of TD SYNNEX Corporation (NYSE:SNX) during the third quarter, according to the company in its most recent filing with the Securities & Exchange Commission. The institutional investor purchased 43,600 shares of the business services provider’s stock, valued at approximately $7,140,000. Algert Global LLC owned approximately 0.05% of TD SYNNEX at the end of the most recent quarter.

A number of other hedge funds have also made changes to their positions in the company. Vanguard Group Inc. lifted its holdings in TD SYNNEX by 10.1% in the 2nd 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. JPMorgan Chase & Co. lifted its stake in shares of TD SYNNEX by 8.5% in the second quarter. JPMorgan Chase & Co. now owns 4,230,059 shares of the business services provider’s stock worth $574,019,000 after buying an additional 330,085 shares in the last quarter. State Street Corp lifted its stake in shares of TD SYNNEX by 0.7% in the second quarter. State Street Corp now owns 2,363,709 shares of the business services provider’s stock worth $320,755,000 after buying an additional 15,400 shares in the last quarter. Geode Capital Management LLC boosted its position in TD SYNNEX by 0.8% during the second quarter. Geode Capital Management LLC now owns 1,391,880 shares of the business services provider’s stock worth $188,908,000 after acquiring an additional 10,392 shares during the last quarter. Finally, Metropolis Capital Ltd lifted its position in TD SYNNEX by 44.8% during the third quarter. Metropolis Capital Ltd now owns 1,228,603 shares of the business services provider’s stock worth $201,184,000 after buying an additional 379,904 shares in the last quarter. Institutional investors and hedge funds own 84.00% of the company’s stock.

Insider Activity at TD SYNNEX

In related news, Director Richard T. Hume sold 23,365 shares of TD SYNNEX stock in a transaction that occurred on Monday, February 2nd. The shares were sold at an average price of $160.63, for a total value of $3,753,119.95. Following the completion of the transaction, the director owned 42,515 shares in the company, valued at $6,829,184.45. The trade was a 35.47% decrease in their ownership of the stock. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is available through this hyperlink. Also, Director Merline Saintil sold 167 shares of the firm’s stock in a transaction on Wednesday, March 4th. The shares were sold at an average price of $157.75, for a total transaction of $26,344.25. Following the completion of the sale, the director owned 6,995 shares in the company, valued at $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 have sold a total of 80,915 shares of company stock valued at $13,111,786 over the last 90 days. 0.70% of the stock is owned by corporate insiders.

Analyst Ratings Changes

A number of equities analysts have commented on the stock. Morgan Stanley reduced their target price on shares of TD SYNNEX from $177.00 to $172.00 and set an “overweight” rating on the stock in a research note on Friday, January 9th. Barclays lowered their price objective 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. Zacks Research lowered TD SYNNEX from a “strong-buy” rating to a “hold” rating in a research report on Monday, December 15th. Weiss Ratings restated a “buy (b-)” rating on shares of TD SYNNEX in a research report on Wednesday, January 21st. Finally, The Goldman Sachs Group started coverage on TD SYNNEX in a research note on Tuesday, January 13th. They issued a “buy” rating and a $180.00 price objective for the company. Nine investment analysts have rated the stock with a Buy rating and three have given a Hold rating to the stock. According to data from MarketBeat, the company has a consensus rating of “Moderate Buy” and an average price target of $170.64.

TD SYNNEX Stock Performance

NYSE:SNX opened at $153.65 on Tuesday. The company has a fifty day simple moving average of $157.37 and a two-hundred day simple moving average of $154.59. The company has a market cap of $12.39 billion, a price-to-earnings ratio of 15.41, a price-to-earnings-growth ratio of 1.10 and a beta of 1.37. The company has a quick ratio of 0.75, a current ratio of 1.21 and a debt-to-equity ratio of 0.43. TD SYNNEX Corporation has a 52 week low of $92.23 and a 52 week high of $175.56.

TD SYNNEX (NYSE:SNX) last announced its quarterly earnings data on Thursday, January 8th. The business services provider reported $3.83 earnings per share (EPS) for the quarter, beating the consensus estimate of $3.68 by $0.15. The business 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 company’s revenue for the quarter was up 9.7% compared to the same quarter last year. During the same period last year, the firm earned $3.09 earnings per share. TD SYNNEX has set its Q1 2026 guidance at 3.000-3.500 EPS. As a group, equities analysts anticipate that TD SYNNEX Corporation will post 11.88 earnings per share for the current fiscal year.

TD SYNNEX Increases Dividend

The company also recently announced a quarterly dividend, which was paid on Friday, January 30th. Investors of record on Friday, January 16th were issued a $0.48 dividend. This represents a $1.92 annualized dividend and a 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 19.26%.

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.