TD SYNNEX Corporation (NYSE:SNX - Get Free Report) Director Ann Vezina sold 1,273 shares of the stock in a transaction dated Friday, July 31st. The stock was sold at an average price of $256.05, for a total transaction of $325,951.65. Following the sale, the director directly owned 5,828 shares in the company, valued at approximately $1,492,259.40. This represents a 17.93% decrease in their position. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is available at this hyperlink.
TD SYNNEX Trading Up 1.5%
SNX opened at $255.93 on Friday. TD SYNNEX Corporation has a 1-year low of $139.23 and a 1-year high of $296.47. The stock has a market capitalization of $20.46 billion, a PE ratio of 18.32, a PEG ratio of 0.71 and a beta of 1.43. The company has a current ratio of 1.20, a quick ratio of 0.64 and a debt-to-equity ratio of 0.40. The firm has a 50-day moving average price of $260.60 and a two-hundred day moving average price of $209.08.
TD SYNNEX (NYSE:SNX - Get Free Report) last announced its earnings results on Thursday, June 25th. The business services provider reported $4.85 earnings per share (EPS) for the quarter, topping analysts' consensus estimates of $4.14 by $0.71. TD SYNNEX had a net margin of 1.63% and a return on equity of 15.37%. The company had revenue of $19.57 billion for the quarter, compared to analyst estimates of $16.80 billion. During the same period in the prior year, the business earned $2.99 earnings per share. TD SYNNEX's quarterly revenue was up 31.0% on a year-over-year basis. TD SYNNEX has set its Q3 2026 guidance at 4.250-4.750 EPS. As a group, equities analysts anticipate that TD SYNNEX Corporation will post 18.01 earnings per share for the current fiscal year.
TD SYNNEX Announces Dividend
The company also recently disclosed a quarterly dividend, which was paid on Friday, July 31st. Shareholders of record on Friday, July 17th were issued a dividend of $0.48 per share. The ex-dividend date of this dividend was Friday, July 17th. This represents a $1.92 annualized dividend and a yield of 0.8%. TD SYNNEX's dividend payout ratio is currently 13.74%.
Institutional Inflows and Outflows
Several hedge funds and other institutional investors have recently added to or reduced their stakes in the business. Ossiam grew its stake in TD SYNNEX by 84.3% in the third quarter. Ossiam now owns 164 shares of the business services provider's stock valued at $27,000 after acquiring an additional 75 shares during the period. Dorato Capital Management acquired a new stake in shares of TD SYNNEX during the fourth quarter worth about $27,000. Measured Wealth Private Client Group LLC acquired a new stake in shares of TD SYNNEX during the third quarter worth about $30,000. Aster Capital Management DIFC Ltd bought a new position in shares of TD SYNNEX during the 4th quarter valued at about $28,000. Finally, SJS Investment Consulting Inc. lifted its holdings in shares of TD SYNNEX by 44.6% during the 1st quarter. SJS Investment Consulting Inc. now owns 201 shares of the business services provider's stock valued at $34,000 after purchasing an additional 62 shares in the last quarter. 84.00% of the stock is currently owned by institutional investors.
Wall Street Analyst Weigh In
Several equities research analysts have recently commented on SNX shares. Royal Bank Of Canada set a $340.00 target price on TD SYNNEX in a research note on Friday, June 26th. Morgan Stanley upped their price target on TD SYNNEX from $341.00 to $374.00 and gave the company an "overweight" rating in a research note on Friday, June 26th. Barrington Research raised their price target on TD SYNNEX from $202.00 to $325.00 and gave the company an "outperform" rating in a report on Friday, June 26th. Zacks Research upgraded TD SYNNEX from a "hold" rating to a "strong-buy" rating in a research report on Tuesday, June 30th. Finally, Weiss Ratings cut TD SYNNEX from a "buy (b+)" rating to a "buy (b)" rating in a report on Wednesday, June 17th. One equities research analyst has rated the stock with a Strong Buy rating, eight have issued a Buy rating and one has given a Hold rating to the company's stock. Based on data from MarketBeat, the stock has an average rating of "Buy" and a consensus target price of $294.67.
Read Our Latest Stock Analysis on TD SYNNEX
About TD SYNNEX
(
Get Free Report)
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.
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