Cambria Investment Management L.P. Sells 93,801 Shares of TD SYNNEX Corporation $SNX

Cambria Investment Management L.P. cut its holdings in shares of TD SYNNEX Corporation (NYSE:SNX) by 94.7% during the 3rd quarter, according to its most recent Form 13F filing with the SEC. The firm owned 5,263 shares of the business services provider’s stock after selling 93,801 shares during the period. Cambria Investment Management L.P.’s holdings in TD SYNNEX were worth $862,000 as of its most recent SEC filing.

A number of other institutional investors and hedge funds also recently added to or reduced their stakes in the business. Ossiam increased its position in 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 purchasing an additional 75 shares during the period. Measured Wealth Private Client Group LLC purchased a new stake in shares of TD SYNNEX in the 3rd quarter worth about $30,000. Brown Brothers Harriman & Co. lifted its position in shares of TD SYNNEX by 675.9% in the 3rd 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 period. Root Financial Partners LLC bought a new stake in shares of TD SYNNEX during the 3rd quarter valued at about $42,000. Finally, MAI Capital Management boosted its stake in shares of TD SYNNEX by 90.2% during the 2nd 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 in the last quarter. Hedge funds and other institutional investors own 84.00% of the company’s stock.

Insider Buying and Selling

In other TD SYNNEX news, Director Merline Saintil sold 167 shares of TD SYNNEX stock in a transaction on Wednesday, March 4th. The stock was sold at an average price of $157.75, for a total value of $26,344.25. Following the completion of the sale, the director owned 6,995 shares of the company’s stock, valued at approximately $1,103,461.25. This trade represents a 2.33% decrease in their position. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is accessible through this link. Also, Director Richard T. Hume sold 25,000 shares of the company’s stock in a transaction on 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 transaction, the director directly owned 47,515 shares in the company, valued at approximately $7,634,235.05. The trade was a 34.48% decrease in their ownership of the stock. Additional details regarding this sale are available in the official SEC disclosure. Insiders sold a total of 80,915 shares of company stock worth $13,111,786 in the last three months. Insiders own 0.70% of the company’s stock.

TD SYNNEX Price Performance

SNX opened at $155.38 on Friday. The firm has a market cap of $12.53 billion, a PE ratio of 15.58, a P/E/G ratio of 1.10 and a beta of 1.37. The stock has a 50-day moving average price of $157.61 and a 200-day moving average price of $154.62. TD SYNNEX Corporation has a 1 year low of $92.23 and a 1 year high of $175.56. 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 (NYSE:SNX) last announced its quarterly earnings data on Thursday, January 8th. The business services provider reported $3.83 EPS for the quarter, beating the consensus estimate of $3.68 by $0.15. The company had revenue of $17.38 billion for the quarter, compared to the consensus estimate of $15.46 billion. TD SYNNEX had a net margin of 1.32% and a return on equity of 12.60%. TD SYNNEX’s revenue for the quarter was up 9.7% on a year-over-year basis. During the same period in the prior year, the firm posted $3.09 EPS. TD SYNNEX has set its Q1 2026 guidance at 3.000-3.500 EPS. Sell-side analysts predict that TD SYNNEX Corporation will post 11.88 earnings per share for the current fiscal year.

TD SYNNEX Increases Dividend

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

Analyst Ratings Changes

A number of equities analysts recently issued reports on SNX shares. Zacks Research downgraded shares of TD SYNNEX from a “strong-buy” rating to a “hold” rating in a research note on Monday, December 15th. Barrington Research reaffirmed an “outperform” rating and set a $182.00 price objective on shares of TD SYNNEX in a research report on Friday, January 9th. Wall Street Zen upgraded TD SYNNEX from a “hold” rating to a “buy” rating in a report on Saturday, February 21st. Morgan Stanley lowered 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. Finally, The Goldman Sachs Group initiated coverage on TD SYNNEX in a research report on Tuesday, January 13th. They set a “buy” rating and a $180.00 price target on the stock. Nine research analysts have rated the stock with a Buy rating and three have issued a Hold rating to the company. According to data from MarketBeat, TD SYNNEX currently 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.